Program Description: The objective of the course, ASC 310 Receivables, is to enable participants to master complex areas such as the recognition, measurement, and impairment of receivables through practical examples and industry-specific case studies. The course addresses the latest updates, including classification of Loans and other Receivables, Measurement – initial and subsequent, transfer between categories, challenges in estimating credit losses, and disclosure requirements, ensuring participants can confidently apply ASC 310 principles in their professional roles.

Course Coverage:

• Definitions
• Types of loans
• Classification of loans and other Receivables
• Measurement – Initial and Subsequent
• Troubled debt restructuring

Learning Objectives:

(1) Understand the scope and objective of ASC 310 and recognize the principles governing the accounting for receivables, including loans and trade receivables.

(2) Identify the initial recognition and measurement criteria for various types of receivables, including those acquired in business combinations or originated by an entity.

(3) Explain the application of the Current Expected Credit Loss (CECL) model, including estimation techniques and inputs for measuring expected credit losses.

(4) Distinguish between different types of loan modifications, including troubled debt restructurings (TDRs), and understand their accounting implications.

(5) Apply subsequent measurement requirements for receivables, including interest income recognition, nonaccrual accounting, impairment evaluation, and disclosure obligations.

Passing Score: 70%

Validity of the course: August 2025 – October 2030

Available from: August 2025

Available Discount: Group discounts of 10% available for 5 or more participation

Last Updated: August 2025

Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.

Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.

Keywords: Receivables, Loans, Trade Receivables, Impairment, Credit Losses, CECL, Current Expected Credit Loss, Loan Modifications, Troubled Debt Restructurings, Nonaccrual Accounting, Initial Recognition, Measurement, Subsequent Measurement, Interest Income Recognition, Disclosure Requirements, Credit Risk, Allowance for Credit Losses, Financial Instruments, ASC 310, US GAAP, Accounting, Online Learning, CPA, CPE, Certification

Special Notice:

• Ernst & Young Associates LLP-India is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
• CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.
• Each Participant has the flexibility to take unlimited attempts to clear the assessment.
• Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.

Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com . For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com

Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.