transcript   Transcript

FASB’s New Financial Instrument Impairment (CECL) Standard

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

Full Transcript:



If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

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
Speaker(s)
George M Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
Share
Email
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • GooglePlus
  • RSS

All Contents Copyright © 1996-2017 Practising Law Institute. Continuing Legal Education since 1933.

© 2017 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.