Does the thought of having to estimate credit losses on loans and other amortized cost financial assets have you searching for a way to predict the future? No time machines needed here! In this CPE-eligible, eLearning course (1.5 CPE) we break down the key concepts of the current expected credit loss (CECL) model within ASC 326, Financial Instruments - Credit Losses to help bring you back down to Earth. Once we determine what instruments are within the scope of ASC 326, we launch into an overview of the initial recognition accounting, subsequent measurement, and required disclosures associated with the CECL model in accordance with ASC 326. This online course also covers the key considerations of forming an estimate of expected credit losses, as well as accounting for purchased credit deteriorated assets.