Program Description: The objective of the course is to enable participants to comprehend the Current Expected Credit Losses (CECL) model, focusing on its application to various financial instruments like loans, debt securities, and trade receivables. This program utilizes practical examples and case studies from different industries to demonstrate the estimation of credit losses over the lifetime of a financial asset. It addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 326—Financial Instruments—Credit Losses principles in their professional roles. The course also covers in-depth topics such as the measurement of expected credit losses, the impact on different types of financial assets, and the recognition and presentation of credit losses in financial statements.
Course Coverage:
- Introduction to Current Expected Credit Losses (CECL) model
- Scope of ASC 326
- ASC 326-20 for Instruments measures at amortized cost
- ASC 326-30 Debt Securities classified as Available for Sale
- Purchased Credit Impaired Assets and Model for beneficial interests in securitized financial assets
Learning Objectives:
(1) Understand the scope and objective of ASC 326 and recognize the principles governing the accounting for credit losses on financial instruments.
(2) Identify the financial instruments subject to the Current Expected Credit Losses (CECL) model, including loans, debt securities, and trade receivables.
(3) Explain the key components of the CECL model, including the estimation of expected credit losses over the contractual term of a financial asset.
(4) Distinguish between the different measurement methodologies for estimating credit losses, such as the discounted cash flow method and the vintage analysis approach.
(5) Apply the subsequent measurement requirements for credit losses, including the recognition of an allowance for credit losses and the impact on financial statements.
(6) Determine the necessary disclosures for credit losses, ensuring compliance with ASC 326 reporting requirements.
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: Credit Losses, CECL (Current Expected Credit Losses), Financial Instruments, Loans, Debt Securities, Trade Receivables, Impairment, Loss Allowance, Expected Credit Losses, Measurement, Disclosure Requirements, Vintage Analysis, Discounted Cash Flow, Subsequent Measurement, Financial Statement Presentation, ASC 326, 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.
