Title: | Accounting: FASB Updates for 2020 |
Category: | Accounting and Auditing |
Field of Study: | Accounting |
Course Code: | A020-0251 |
CPE Credits: | 16.0 |
Price: | $99.95 |
Buy |
Description:
The purpose of this course is to inform the reader of the various changes affecting accounting and financial reporting, as well as a review and recall of existing accounting standards. Topics include a summary of newly issued FASB statements, current and pending developments, practice issues, and more.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Policies: Click here
Author: Steven C. Fustolo
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Publication Date: 05/04/2020
Technical Details: Accounting is a technical field of study.
For More Detail: Click here
If you are unable to view PDF then right click the mouse and click save link as
Objectives:
Chapter 1: Accounting and Financial Reporting for COVID-19 and the CARES Act
1. Identify types of subsequent events that require disclosure
2. Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules
3. Identify the definition of near term
4. Recall the frequency in which an entity should test goodwill for impairment
5. Recognize the formula for testing goodwill impairment
6. Recall how to classify business interruption insurance proceeds on the financial statements
7. Identify a method that can be used to measure variable consideration revenue
8. Recognize an example of a construction-type contract
9. Identify a tax-law change made by the CARES Act, and
10. Recognize how a company should present CARES Act loan forgiveness on its financial statements.
For More Objectives:
Click here
If you are unable to view PDF then right click the mouse and click save link as