Understand FASB’s important accounting and reporting areas: financial instruments and leases. Learn to assess and implement the new standards and guidance that are applicable to your practice.
Learning Objectives
- Recall the requirements of the CECL module for measuring the impairment of financial instruments.
- Calculate the right-of-use asset and corresponding lease obligation for lease agreements.
Major Topics
- FASB accounting standards updates in financial instruments and leases
- Current Expected Credit Loss (CECL) module
- Lease obligation
