Financial Instruments and Leases

Overview

FASB Accounting Standards Update

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.

Prerequisites

Accounting professionals with operational or supervisory responsibilities, or both.

Objectives

• Recall the requirements of the CECL model for measuring the impairment of financial instruments.
• Calculate the right-of-use asset and corresponding lease obligation for lease agreements.

Highlights

FASB accounting standards updates in financial instruments and leases Credit losses, troubled debt restructuring, lease accounting