Data security and privacy issues persist as a significant concern for businesses of all sizes. No matter where you look, the numbers are bad - really bad! But that doesn't mean you can't take steps to reduce these risks. In this session, you will learn about the key security and privacy risks facing businesses today and the steps you can take to mitigate these risks.
This session begins with a review of how cybercriminals target businesses of all sizes and the associated costs of these attacks. From there, you will progress to discussions of practical tools, policies, and other solutions that can be used to mitigate cybersecurity risks to prudently acceptable levels. This is a "must-see" session for all concerned about data security and how to mitigate threats to sensitive and confidential data.
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