Surgent's Accounting and Auditing Credit Losses Under ASC 326
Available Until
Self-study
2.00 Credits
Member Price $89.00
Non-Member Price $119.00
Overview
ASC 326 significantly changes the accounting for credit losses. Given its pervasive scope, virtually every company will need to at least assess the impact of the new ASC 326 guidance and potentially record a material adjustment to implement the new accounting guidance.
In this module, we will review the scope of ASC 326, the key provisions of the accounting model and how entities can estimate credit losses for a variety of in-scope financial assets. As the CECL and other credit loss methodologies under ASC 326 represent accounting estimates, the module will also review both the current and soon to be effective auditing guidance related to this often complex area. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 5.)
Highlights
- Scope and overview of ASC 326
- Applying ASC 326 and the CECL model
- Transitioning to ASC 326
- Presentation and disclosure requirements of ASC 326
- Auditing accounting estimates
- Key changes to auditing estimates due to the issuance of ASC 326
Prerequisites
None
Designed For
Accountants who have an intermediate level of audit experience
Objectives
- Identify key components of ASC 326 and the CECL model
- Recall the scope of ASC 326
- Identify common models used to estimate credit losses
- Recall how to transition to ASC 326
- Recall key presentation and disclosure requirements of ASC 326
- Recall key approaches to auditing accounting estimates
- Identify the key provisions of SAS 143
Preparation
None
Notice
This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = text only download.
Non-Member Price $119.00
Member Price $89.00