Mobile Edition


Classification and Measurements (4173006C)

 
Date:Thursday, January 11, 2018
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Accounting and Auditing
Instructor: Allen W. Plyler
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members

Description:

The FASB and IASB have spent more than ten years attempting convergence. However, efforts have fallen short in classification and measurement, particularly in impairment. Navigate the new guidance; understand differences and similarities between the FASB ASU and the IFRS 9 standard, and the learn about the impacts to the financial reporting of assets and liabilities covered by the guidance.

 

Also, explore the credit loss models under the Current Expected Credit Loss approach; why measurements under incurred loss views were criticized; the new measurement category FVTOCI; and how the reporting of equity investments is impacted. Discuss the FASB hedging changes and how qualification for special accounting is impacted by the implementation of the new guidance.



Objectives:
  • Identify key requirements of the FASB ASU regarding classification and measurement and IFRS 9 guidance.
  • Determine impairment measurement under the FASB and IASB models, including single and dual-measurement approach under CECL models.
  • Recognize impacts to hedging of financial instruments.
  • Identify reporting impacts based on classification and measurement guidance in the standards.


Major Topics:
  • Accounting
  • Auditing
  • Financial reporting


Who Should Attend:

CPAs who prepare financial statements for clients with financial assets or liabilities, or with equity investments.



Prerequisite:
None.

Advanced Preparation:
None.

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.