CPE Self-Study

Financial Instruments: Mastering the New FASB Requirements

  • $139.00-$179.00
    Financial Instruments: Mastering the New FASB Requirements Online Access Product #: 164920
    AICPA Member: $139.00
    Non-Member: $179.00

How does the guidance in the new financial instruments standards differ from current GAAP? This CPE course addresses that question by examining the core principles of the new standards. The FASB’s financial instruments projects reconsider classification and measurement of financial instruments, as well as issues related to impairment of financial instruments.

This course will teach accountants in public practice and industry the background, purpose, and main provisions of the new financial instruments standards. Specifically, the course will address transition guidance, disclosure requirements, and implementation guidance.

Key Topics

  • Current expected credit loss history
  • Measuring expected credit losses
  • Bond and equity portfolios
  • Current expected credit loss models
  • Presentation and disclosure requirements

Learning Objectives

This course will prepare you to:

  • Identify changes in FASB ASC 825, Financial Instruments, as a result of the new financial instrument standards on classification and measurement and impairment.
  • Recall key points related to the simplification of accounting requirements.
  • Recall significant points related to the credit loss model for financial assets for the recognition of losses.
  • Identify related disclosure requirements

Who Will Benefit

Accountants in public practice and industry who need an update on the latest financial instruments guidance.

System Requirements

About the Authors

Michael Umscheid, CPA

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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