This course provides an in-depth exploration of Customer Relationship Management (CRM) systems as a critical tool for business automation. Designed for accounting professionals, it emphasizes CRM's role in streamlining workflows, organizing communications, enhancing client relationships, and improving efficiency. Participants will learn about key CRM features, integration with accounting software, and best practices for successful implementation. We will highlight practical applications with actionable insights to help attendees optimize their processes. This two-hour session ensures you walk away with a basic understanding of CRM's transformative potential for business and financial management.
DESIGNED FOR
Accounting and financial professionals seeking to understand the CECL model and its application to credit loss accounting
BENEFITS
At the end of this course, you will be able to:
- Define the CECL model
- Identify differences between CECL and prior GAAP for credit losses
- Recognize methods used to apply CECL
- Identify how CECL applies to loans
- Identify how CECL applies to trade receivables
- Identify proper presentation requirements related to CECL
- Recognize the general nature of required disclosures
HIGHLIGHTS
- Overview of ASU 2016 13
- Introduction to the CECL model
- Differences between CECL and prior GAAP
- Methods for applying CECL
- Application of CECL to loans
- Application of CECL to trade receivables
- Presentation requirements
- Disclosure requirements
- Coordination between accounting and finance functions
PREREQUISITES
Basic Accounting
ADVANCE PREPARATION
None