Overview 1.0 Credits ONLINE The financial instruments project was one of the major convergence projects that the FASB worked onwith the IASB. Unfortunately, that project ultimately did not lead to convergence. This course willaddress the major changes to the calculation of credit loss for financial assets including the models foravailable for sale and amortized cost. Then we’ll look at the impact of the accounting change on taxesand what the key requirements are under the IRS rules for uncollectible assets. Attendees will leave witha solid understanding of the accounting and auditing issues.