ASU 2016-01 and 2016-13
Learn about the new professional standard of Financial Instruments from the FASB. This Accounting Standard Update, Financial Instruments—Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities, (ASU 2016-01) represents significant changes in authoritative professional standards concerning financial instruments (financial assets and financial liabilities), their measurements, impairments, and disclosures. Also included will be a presentation of the CECL model for losses and/or impairments as presented in Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments (ASU 2016-13). These subjects are explained and discussed.
Join Pat Patterson, CPA, for this one-hour CPE update on this critical standards and the implementation steps you need to be putting into place.
Who Should AttendAll CPAs in public practice and in industry who deal with the reporting of financial instruments, financial assets, and financial liabilities.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Accounting (1 hour)
Program PrerequisitesBasic understanding of accounting for financial instruments.