Self-Study

Annual FASB Update and Review

  • Monday, May 1, 2023 – Tuesday, April 30, 2024

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  • 4.00
    CREDITS
    Accounting

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. Specifically, the course will review recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot button accounting issues, such as what is on the FASB's technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.

Objectives

  • Be aware of recent private company standard setting activities
  • Review the latest FASB Accounting Standards Updates (ASUs)
  • Understand the new lease accounting guidance found in Topic 842, Leases
  • Recall the applicability of ASC Topic 326 to accounts receivable balances
  • Recall key provisions of recently issued FASB Updates

Highlights

  • Private company standard setting activities
  • Recent FASB Accounting Standards Updates (ASUs)
  • Topic 842, Leases
  • Topic 326 on Impairment
  • Lessons learned and sustainment efforts related to Topic 606

Additional Information

Designed For

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

4.00 Accounting

Prerequisite

Experience in financial accounting and reporting

Course Number

2329624

Level of Knowledge

Intermediate

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