The FASB issued a new credit loss accounting standard that makes significant changes for recognition, measurement, and disclosures for estimated credit losses on financial assets. Not only does this new standard have a significant impact on banks and other financial intermediaries making loans, it also affects all reporting entities across all industries because it applies broadly to financial instruments, including accounts receivable. This new standard has far-reaching implications for companies because it impacts operations, data management, and internal controls over financial reporting. The course will cover implementation of the new standard and detail appropriate governance.
Who Will Benefit
CPAs, accountants, treasurers, and other financial professional professionals that make financial asset investment decisions and that account for financial asset investments.