Course Information
FASB SSARS and SAS: An Update and Review for 2022
Course Information
| Title: | FASB SSARS and SAS: An Update and Review for 2022 |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting, Auditing |
| Course Code: | A022-0252 |
| CPE Credits: | 24 |
| Price: | 109.95 |
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: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting, Auditing
Passing Score: 70%
Publication Date: 05/03/2022
Technical Details: Accounting and Auditing: Technical
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Objectives
Objectives:
Chapter 1: Implementing the New Lease Standard- 2022 1. Recognize a key change made to GAAP by the new lease standard 2. Identify a type of lease that exists for a lessee under ASU 2016-02 3. Recall a type of lease for which the ASU 2016-02 rules do not apply 4. Recognize some of the criteria that determine whether a contract is or is not a lease 5. Identify how a lessee should account for initial direct costs 6. Recall how a lessor should initially account for initial direct costs for a lease in certain instances 7. Identify how a lessor should account for lease payments received on the income statement for an operating lease 8. Recognize how certain existing leases are accounted for on the implementation date of ASU 2016-02 9. Recall the potential impact that the new lease standard might have on a lessee’s EBITDA and debt-equity ratios. Chapter 2: Accounting and Financial Reporting for COVID-19, the CARES Act and PPP Loans 1. Recognize some types of concentrations that might require disclosure under the ris
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Profession
NASBA: Yes
QAS: Yes
CPA: Not suitable for CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: