transcript   Transcript

FASB’s New Financial Instrument Impairment (CECL) Standard

Recorded on: Oct. 3, 2017
Running Time: 01:03:46

Full Transcript:

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Taken from the briefing FASB’s New Financial Instrument Impairment (CECL) Standard recorded September 2017 in New York.

This One-Hour Briefing will help you build an understanding of the underlying principles, processes and implementation challenges in the FASB’s new financial instrument impairment standard. The standard’s current expected credit loss (or CECL) model requires complex new judgments and estimates. This new approach applies to all financial instruments, including accounts receivable, loans receivable and investments. Significant process changes will be required in many businesses, particularly financial institutions.

Lecture Topics [01:03:46]

Listen to George M. Wilson, director at PLI’s SEC Institute Division, and Louis Fanzini, SEC Institute Advisory Committee member as they help you:

  • Outline the key issues in the new CECL impairment model for amortized cost instruments
  • Review the changes to the available for sale investment impairment test
  • Recognize the major changes from existing impairment standards
  • Identify the appropriate implementation date for your business
  • Identify the key estimates required to implement the CECL model
  • Enumerate the steps required to implement the CECL model

Presentation Material

  • FASB’s New Financial Instrument Impairment (CECL) Standard
    Louis Fanzini, George M. Wilson, MBA, CPA
George M Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
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