Checkpoint Learning

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Loan Modification Considerations Under the CARES Act  

CATEGORY: Accounting & Auditing
  Nano Learning
0.2 CPE Credits
Level: Overview

The Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) is a stimulus package designed in response to the COVID-19 economic disruption and was signed into law on March 27, 2020.

The CARES Act includes provisions that temporarily delay the required implementation date of Financial Accounting Standards Board (FASB) ASC Topic 326, Financial Instruments-Credit Losses, and suspend the requirements related to accounting for a troubled debt restructuring (TDR), for certain entities. This course gives an overview regarding how a financial institution may account for an eligible loan modification either under section 4013 of the CARES Act or in accordance with ASC Subtopic 310-40, Receivables-Troubled Debt Restructurings by Creditors. This overview course may be appropriate for professionals at all organizational levels.

Thomson Reuters is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.

At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (

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