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Classification and Measurements 4173006B
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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.

 Export to Your Calendar 8/17/2017
When: 7:30 AM to 3:00 PM
Where: Webinar/Webcast
United States
Presenter: Allen W Plyler
Contact: April Deneault
801-466-10314


Online registration is available until: 8/17/2017
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Curriculums:   Accounting and Financial Statements,Auditing,Finance, Financial Management. and Controllership

NASBA Credit Category:  Accounting

CPE Hours:  8

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.

Materials are provided as an ebook.



Major Subjects

  • Accounting
  • Auditing
  • Financial reporting

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.

Level:  Overview

Designed For

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

Advanced Prep:

None.

Prerequisite

None.

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