Course Information
Review of Recent Developments at FASB
Course Information
| Title: | Review of Recent Developments at FASB |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | M325 |
| CPE Credits: | 4.0 |
| Price: | 34.95 |
Description
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, with the greatest emphasis on those ASUs effective in 2024 and 2025. Specifically, the course will review recently issued FASB standards on disaggregated expenses, cryptocurrency (e.g., crypto assets), and the final stages of the ASC 606 post-implementation review (PIR) report findings and other hot-button accounting issues, such as what is on the FASB’s technical agenda. Lastly, we will provide an overview of non-GAAP financial measures disclosed by companies and review the current SEC and IFRS guidance over such measures and their disclosure.
Delivery Method: Online Interactive Self Study
Level: Intermediate
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Technical Details: Accounting: Technical
For More Detail:
If you are unable to view PDF then right click the mouse and click save link as
Objectives
Objectives:
- Understand the key provisions and updates to Topic 606, Revenue from Contracts with Customers, and the results of the final stage of the FASB’s PIR process, including its final report on the topic
- Recall key provisions of recently issued FASB Updates
- Understand the recently implemented lease accounting guidance found in Topic 842, Leases
- Review the latest FASB Accounting Standards Updates (ASUs)
- Be aware of recent private company standard setting activities
- Recall common non-GAAP financial measures and requirements surrounding their disclosure
For More Objectives:
If you are unable to view PDF then right click the mouse and click save link as
Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents
Profession Identifiers: CPA