Transfers of Financial Assets
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Description
Second guessing if your “transfer” is really a “transfer” under ASC 860, Transfers and Servicing? Don’t worry, this CPE-eligible, eLearning course (1.0 CPE) will help clarify! We will begin by discussing common forms of transfers before explaining the steps to identifying transfers. The concepts of legal control, actual control, and effective control will be explored to determine who has “control.” We’ll finish the course with the required accounting treatment based on who has control of the financial asset.
Learning Objective(s): By the end of this course, you should be able to:
- Identify the types of transactions in the scope of ASC 860, Transfers and Servicing and primary accounting issues
- Recall the criteria that must be met for a transfer of financial assets to qualify for sale accounting
- Identify the appropriate accounting for transfers of financial assets that qualify for sale accounting and those that are secured borrowings
This course is included in the following collections:
Additional Information
| Last Updated | 08/01/2024 |
|---|---|
| CPE Credit | 1 |
| Field of Study | Accounting |
| Industry | Banking |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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