Recent Accounting Update: What You Need to Know
The latest from the FASB for financial institutions: recently issued standards and major projects, including significant changes for the allowance of loan & lease losses (CECL).
Join this session to learn the latest accounting and financial reporting developments impacting financial institutions. We will cover recently issued and soon to be effective standards.
For the broad sweeping projects, we will cover the FASB’s financial instruments project, which includes significant changes for the allowance for loan & lease losses (current expected credit losses) as well as impairment for securities. The session will also include an update on the FASB’s revenue recognition standard, which will have some implications for financial institutions, as well as the FASB’s major project to overhaul leasing accounting. We will also discuss the updates to the consolidation standard.
- Recently effective and issued Accounting Standards Updates
- In the pipeline
- Financial instruments
- Classification and measurement
- Credit Impairment
- Revenue recognition
- Other developments (SEC, PCAOB, CAQ)
Bank professionals seeking knowledge of recently issued accounting standards and an awareness of the status of the major standard setting projects, including auditors, accountants, management and board/audit committees members seeking an update on the FASB’s progress over the last year.
Steve Wagner, CPA, is a senior manager in Crowe Horwath LLP’s Dallas office. Steve has been with Crowe Horwath LLP since 2004, providing a variety of audit and consulting services to public and non-public companies with a principal focus of serving financial institutions. During the most recent economic cycle, Steve has assisted in advisory services for over 30 acquisitions. Steve has authored multiple accounting-focused articles and has been a speaker at conferences for accounting and acquisition related topics.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $560.00
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