Customer Service: 800-778-7436     

To access your product click the Log In link at the top right of the screen. Once inside your account, you will be able to access your Packages, Self-Study Product, and Webinar Registrations.

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Accounting for Financial Instruments: Making Sense of the FASB’S New Guidance on Impairment, Hedging, and Financial Assets and Liabilities (AFI4)

Choose CPE Format:

Live WebinarSELECT

There are currently no upcoming dates scheduled for this webinar. Please fill out this short form to be notified when this webinar is next available. 

FIRST NAME
LAST NAME
EMAIL ADDRESS
COMMENTS (OPTIONAL)
Self-Study SELECT STARTING AT $65 (On Demand)

Downloadable PDF

Credits: 4

Qualifies For: CPE

$65

Textbook

Credits: 4

Qualifies For: CPE

$80
The contents.
Ralph R.

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.

Accounting for Financial Instruments: Making Sense of the FASB’S New Guidance on Impairment, Hedging, and Financial Assets and Liabilities (AFI4)

  • Customer Rating
    (1)
  • Field of Study
    Accounting
  • Level
    Intermediate
  • Credits
    4
  • Qualifies for

    CPE

Overview

With the recent completion of its financial instruments project, the FASB has made some significant changes to how an entity accounts for many of its financial instruments. In ASUs dealing with the recognition and measurement of financial assets and liabilities (ASU No. 2016-01), impairment (ASU No. 2016-13), and hedging, this new guidance will challenge all entities, not just those in the financial services industry. This means you. In this course, we’ll review the new guidance in each of these areas and how it varies from existing guidance on accounting for changes in the fair value of equity securities, timing and measurement of the impairment of financial instruments, and hedge accounting. Specifically, we’ll review the details of the new Current Estimate of Credit Losses (CECL) model, which entities must follow when determining the credit losses on their financial instruments. Applying the CECL model will result in the earlier recognition of credit losses, as an entity will recognize such losses based on its current estimates, not its actual incurred losses. Next, we’ll discuss what’s changed in hedge accounting and how these changes may make hedging transactions more appealing to smaller entities. Lastly, we’ll explore the changes in where entities record the changes in fair value for equity securities. As almost all entities will have some financial instruments that are within the scope of one or more of these new Updates, now is the time for you to get up to speed on this significant new guidance. With the implementation of this guidance right on the horizon, this is the course for you.

Major Topics:

  • Key provisions of each of the FASB’s new Updates related to financial instruments, dealing with recognition and measurement, impairment, and hedging
  • Differences between the new accounting guidance and existing GAAP related to accounting for financial instruments
  • Challenges when implementing the FASB’s new guidance on financial instruments
  • Examples of applying the new guidance to real-life situations

Learning Objectives

  • Recall the key provisions of the new FASB Updates dealing with recognition and measurement of equity securities, impairment, and hedging
  • Review the changes from current accounting guidance resulting from the issuance of these new Updates
  • Identify key challenges in implementing the FASB’s new financial instrument standard
  • Apply the new accounting guidance related to financial instruments to real-life situations

Designed for:

Practicing CPAs and their staff, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Prerequisite:

Experience in financial accounting and reporting

Advanced Preparation:

None

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.
loading

Loading...

Loading...

Thank You!

YOU HAVE ADDED THE FOLLOWING TO YOUR CART:


Loading...

Thank You!

Thank You! Your request has been submitted.



Get More with a Surgent CPE package

Unlimited Self-Study Package

  • Unlimited 24/7 access to 200+ downloadable self-study courses

  • Courses range from 2-20 credits

  • Provides online grading & CPE certificates by email

  • Does NOT include Premium courses

$499

Buy Now

Unlimited Webinar Package

  • Unlimited access to all non-premium live CPE webinars

  • Includes 1-, 2-, 3-, 4-, and 8-hour webinars, including Saturday and evening options

  • Access through December 31st of the year in which you purchase

  • Does NOT include Premium courses

$599

$449

Buy Now

 

Unlimited Plus Package

  • Unlimited access to ALL live CPE webinars

  • Includes all premium courses and virtual conferences

  • Unlimited 24/7 access to all self-study courses

  • Includes all on-demand webcasts

  • Access for a year from purchase date

$799

Buy Now
  • CPE Continuing Professional Education for CPAs

  • IRS Continuing Education for EAs and the AFSP program

  • CFP Accepted by the CFP® Board

  • YB YellowBook Continuing Education

  • CTEC Approved for CE by CTEC

QAS Approval Surgent IRS Approval Surgent CFP Approval Surgent CTEC Approval Surgent
CPE Webinars
CPE Webinars

Thank You!

Thank You! Your subscription has been submitted.



Explore Additional Courses by Topic