The requirements of U.S. GAAP are often complex and overwhelming for professionals who prepare financial statements. The complexities and constant changes to existing standards require diligence and focus. History shows that certain areas continue to pose challenges for many preparers. This program is specifically geared toward professionals in the accounting industry. We cover some of the more challenging areas in U.S. GAAP, including business combinations, goodwill and impairments, joint ventures, derivatives and hedging, as well as upcoming changes to revenue recognition, which will be a challenge to all! The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar.
DESIGNED FOR
CPAs preparing financial statements. This course provides answers to some of the more complicated accounting issues preparers of industry financial statements face every day.
BENEFITS
- Explain the accounting for specific GAAP requirements
- Apply troublesome pronouncements
HIGHLIGHTS
- Revised content to reflect the 2017 Tax Cuts and Jobs Act
- Business combinations
- Common derivative arrangements and hedging
- Goodwill and impairment losses
- Debt modifications and troubled debt restructuring
- Joint ventures and collaborative arrangements
- Stock-based compensation
- New revenue recognition lease and financial instrument standards
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your
My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received - remember to check back for updates.