Event Description

This course provides a detailed discussion on the key topics related to financial reporting, though in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically, the course will review  recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot button accounting issues, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry, controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Objectives

Be aware of recent private company standard setting activities     Review the latest FASB Accounting Standards Updates (ASUs)     Understand the new lease accounting guidance found in Topic 842, Leases     Recall the applicability of ASC Topic 326 to accounts receivable balances   Recall key provisions of recently issued FASB Updates

Major Subjects

Private company standard setting activities     Recent FASB Accounting Standards Updates (ASUs)     Topic 842, Leases     Topic 326 on Impairment     Lessons learned and sustainment efforts related to Topic 606

Prerequisites

Experience in financial accounting and reporting