Accounting for Debt Modifications
After completing this course, the learner should be able to:
- Identify the fundamental principles underlying ASC 470-50 – Debt Modifications and Extinguishments and ASC 470-60 Debt- Troubled Debt Restructuring by Debtors
- Recognize how to properly account for a variety of modified debt circumstances, including reduction of interest rates, extension of maturity dates, reduction of face amount owed, and more
- Recall factors to consider when determining whether troubled debt restructuring accounting is appropriate
Instructor bio
Jennifer F. Louis, CPA, has over 25 years of experience in designing and instructing high quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering practical and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc. Jennifer started her career in Audit for Deloitte & Touche LLP. Jennifer graduated summa cum laude from Marymount University with a B.B.A.-Accounting.
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Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823