In this session, CBIZ will share the good news in the ASU 2025-05 update to the current expected credit loss (CECL) methodology. 

We will revisit the impact of CECL on the financial statements and explain the practical expedient and accounting policy election opportunities included in ASU 2025-05 Financial Instruments-Credit Losses (Topic 326), Measurement of Credit Losses for Accounts Receivable and Contract Assets.

Moderator

Roger Bulosan, CPA, CFE, Managing Director, Shareholder, CBIZ CPAs P.C.

Presenter

Rosangela Nicholson, CPA, CFE, Director, Shareholder, CBIZ CPAs P.C.

CPE CREDITS
Program Description Current Expected Credit Loss ASU 2025-05 Update for Not-for-Profit Organizations

Important Notice Regarding CPE:

*Attendees must be registered individually and click on periodic participation markers throughout the webinar to receive CPE credit.
Learning Objectives

At the end of this webinar, participants will be able to:

  • Interpret the impact to the financial statement disclosures if practical expedients and/or accounting policy elections are made in accordance with ASU 2025-05.
  • Identify the requirements of ASU 2016-13, Financial Instruments – Credit Losses in (Topic) 326 and the opportunity for eligible entities to modify their approach to the measurement of credit losses for accounts receivable and contract assets under ASU 2025-05.
Instruction Delivery Method Group Internet Based
Recommended CPE Credit 1.2 Credits
Recommended Field of Study Accounting (pending approval)
Prerequisites None
Program Level Overview
Advance Preparation None
Cancellation Policy You may cancel your registration at any time prior to the event.
Complaint Resolution Policy For more information regarding refund, concerns and program cancellation policies, please contact our offices at [email protected].

CBIZ, Inc. 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.