Title: | FASB SSARS and SAS: An Update and Review for 2020 |
Category: | Accounting and Auditing |
Field of Study: | Accounting 16 CPE, Auditing 8 CPE |
Course Code: | A020-0252 |
CPE Credits: | 24.0 |
Price: | $109.95 |
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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: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
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Author: Steven C. Fustolo
Category: Accounting and Auditing
Field of Study: Accounting 16 CPE, Auditing 8 CPE
Passing Score: 70%
Publication Date: 05/05/2020
Technical Details: Accounting and Auditing are technical fields of study.
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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.
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