Led by industry experts, this online education program includes a series of courses that cover the CVFI body of knowledge and the Financial Instruments Performance Framework (FIPF).
Learning Objectives
Recall the purpose and primary goal of the Financial Instruments Performance Framework.;Identify the basic information required in a valuation report / work file to comply with the Financial Instruments Performance Framework.;Differentiate the roles of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing the reporting standards related to financial instrument valuation.;Choose and document appropriate valuation models and common inputs.;Identify general market mechanics and features that may require more complex handling.;Identify the significant risks associated with financial instruments included in the financial statements.;Identify the International Accounting Standard Board's (IASB's) conceptual framework.;Differentiate debt securities from other financial instruments.;Identify similarities and differences between current expected credit losses (CECL) and expected credit losses (ECL).
Major Topics
Financial Instruments Performance Framework (FIPF);Fair value framework;Professional judgment;Independence and nonattest services;Valuation techniques and inputs;Consulting services and process;Risk-based auditing and valuation of financial instruments;Planning considerations when auditing financial instrument valuations;Accounting for financial instrument valuations;Debt and equity securities;Derivatives;Pillars of CECL;Life cycle losses