Financial Reporting Issues

Financial Instruments

Course Overview
This course provides an overview of the accounting and reporting requirements with respect to the FASB’s Financial Instruments project. Specifically, this course addresses the key information prescribed through three Accounting Standard Updates (ASUs) to include ASU 2016-01, Recognition and Measurement of Financial Assets and Liabilities, ASU 2016-13, Measurement of Credit Losses on Financial Instruments, and ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities

Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify key issues associated with the accounting and disclosure of financial instruments based on recent changes to U.S. GAAP
  • Identify key information related to disclosure requirements with respect to financial instruments
  • Recognize specific changes in accounting requirements related to financial instruments based on recent ASUs released by the FASB

  • Prerequisites/Advanced Preparation:


    Speaker / Author:

    John M. Fleming, CPA, MBA, is currently the Director, Content Development for SmartPros LTD, a division of Kaplan Professional Education. SmartPros is an international educational and training company specializing in accounting, finance and ethics educational programs. John previously served as President and Director of Accounting and Auditing for LOSCALZO ASSOCIATES, a division of SmartPros for twenty-eight years. John retired as President of Loscalzo Associates on January 1, 2014.

    John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

    John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) and currently serves as a member of the Institute’s Accounting and Auditing Technical Committee. In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

    John and his wife Marge live in Medford, New Jersey.


    Price (USD)

    Standard: $24.95


    Course Code : 99FLE46

    Release Date : 03/12/2018
    Expire Date : 08/31/2020
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

    Returning Subscribers

    - OR -