• Course Information

    Title: FASB SSARS and SAS: An Update and Review for 2019
    Category: Accounting and Auditing
    Field of Study: Accounting 16 CPE, Auditing 8 CPE
    Course Code: A019-0252B
    CPE Credits: 24.0
    Price: $109.95
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Description

Description:
The purpose of this course is to inform the reader of the various changes affecting accounting, compilation and review, and auditing engagements as well as a review and recall of existing standards. Topics include a summary of newly issued FASB statements, new statements issued by the Auditing Standards Board, changes in compilation and review, current and pending developments, practice issues, and more.

Delivery Method:

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Steven C. Fustolo

Category: Accounting and Auditing

Field of Study: Accounting 16 CPE, Auditing 8 CPE

Passing Score: 70%

Publication Date: 06/17/2019

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Objectives

Objectives:
Chapter 1:     ASU 2018-17: Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities
1. Recognize a private company under ASU 2018-17
2. Identify the definition of a variable interest
3. Recall some of the requirements that must be met to consolidate under the VIE rules
4. Identify an element that must be met to elect the private company accounting alternative under ASU 2018-17
5. Identify the types of arrangements to which the accounting alternative election applies
6. Recognize relationships that might be considered under common control
7. Recognize the way in which an entity should adopt the accounting alternative in ASU 2018-17
8. Recall how an accountant or auditor reports on an accounting change per ASU 2018-17

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

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