- NY Credits : 3.0
- TX Credits : 3.0
Accounting for Credit Losses
Paul Munter,PhD,CPA and Kurt Oestriecher,CPA discuss the guidance in 2016-01 on recognition and measurement of financial instruments before reviewing the changes to accounting for credit losses in the ASU 2016-13 guidance.
Upon successful completion of Accounting for Credit Losses, the user should be able to:
identify the parts of the convergence project that were successful,
identify the categories of assets for investments in securities with the guidance related to ASU 2016-01,
list three types of impairment models,
identify where the guidance on debt securities is located,
determine where unrealized gains and losses on securities would be presented in the financial statements, and
identify when ASU 2016-13 becomes effective.