Self-Study

Surgent's FASB Update for Small and Medium-Sized Businesses: A Practical Implementation Guide (FAUR)

  • Wednesday, May 1, 2019 – Thursday, April 30, 2020

  • 8
    CREDITS
    Accounting

Recently updated to include discussion of new FASB standards on revenue, leases, and measurement of financial instruments, this course is designed for small and medium-sized business practitioners and their staff, whether in public accounting or business and industry, and will provide you with a comprehensive review of recent FASB accounting and reporting matters most relevant to smaller companies including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASB's current technical agenda; Revenue Recognition; Lease Accounting; and new ASUs dealing with financial instruments. Plus, the course will discuss such hot topics as cyber-security and enterprise risk management. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients.

Objectives

  • Be familiar with recent private company standard setting activities
  • Review recently issued FASB Accounting Standards Updates as they relate to small and medium-sized businesses
  • Understand the impact of implementing FASB’s new revenue recognition standard
  • Review the FASB’s recently issued lease accounting standard
  • Understand the changes coming with the FASB’s new financial instruments standards
  • Be aware of other important practice matters
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Highlights

  • Private company standard setting activities
  • FASB Accounting Standards Updates (ASUs) relevant to smaller businesses
  • Revenue recognition implementation guidance
  • Lease accounting implementation guidance
  • Overview of recent FASB Updates on financial instruments
  • Other important practice matters to practitioners who serve small and medium-size businesses, including cybersecurity and technology trends

Additional Information

Designed For

Small and medium-sized practicing CPAs and their staffs, both in public accounting and business and industry, controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Vendor

Surgent

Advanced Preparation

None

Credits

8.00 Accounting

Prerequisite

Experience in financial accounting and reporting

Course Number

1925444

Level of Knowledge

Intermediate

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