“I heard this [name the person] at this [name the event] say that there was a work-around to avoid [name the authoritative standard].” What tools are available to understand what is required by recent standards and what is not? How do I understand the items in a disclosure checklist related to that standard?
This "Did You Know?" series of one-hour courses will pose and answer frequently asked questions about recently issued standards on the following topics:
- Measurement and Disclosure of Credit Losses
- Subsequent Events
- Impairment
- Functional Expense Allocation in NFP Financial Statements
- Fraud
- SSARS - Fraud and Noncompliance
- SSARS - Client Information
- SSARS - Evidence
Measurement and Disclosure of Credit Losses
How do you develop a CECL estimate without overcomplicating the process? What changes were made by recent FASB updates? What disclosures are required for credit losses?
This discussion will answer frequently asked questions, including:
- Available accounting policy elections and practical expedients
- Presentation and disclosure requirements for credit losses
- Common implementation challenges and judgment areas
- ASC 326 examples and practical application guidance
Who should attend: Senior professional responsible for accounting and financial statements.
Instructor: Sunish Mehta, CPA, CGMA
Instructor assignments are fluid and subject to change.