Sometimes we can avoid addressing the elephant in the room for a while. However, when there are three elephants in the room, it's time to address the issues. Designed for practitioners and their staff, whether in public accounting or business and industry, this course provides a comprehensive review and update of the FASB’s Big 3 accounting and reporting areas -- Revenue Recognition, Leases, and Financial Instruments. We will focus on recently issued Accounting Standards Updates, covering these critical areas of your practice or organization. We will analyze the Big 3, which have a major effect on all industries, using examples and illustrations to provide a hands-on approach that will help you better assess and implement the new standards and guidance applicable to your clients or organization.
Practicing CPAs and their staffs, and other financial accounting personnel involved in financial statement preparation and review.
- Understand and apply the FASB’s new revenue recognition standard found in ASC Topic 606
- Review the FASB’s current lease accounting guidance
- Be familiar with the FASB’s financial instruments project covering the new ASUs dealing with recognition and measurement, impairment, and hedging
- The FASB’s comprehensive new revenue recognition standard, Topic 606, Revenue from Contracts with Customers, and recent updates to the standard
- The new five-step principles-based revenue recognition mode
- Revenue presentation, disclosures, and implementation guidance and illustrations
- Key differences between current U.S. GAAP and the new revenue recognition guidance
- The FASB’s new ASU, Leases (Topic 842), including recent updates to the new guidance
- Overall lease accounting guidance
- Lessee vs. lessor accounting
- The FASB’s three proposed ASUs relating to financial instruments on recognition and measurement, impairment, and hedging
Experience in financial accounting and reporting.
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events
. Download to your laptop or tablet prior to the seminar, handouts are added as received.
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Note: Online pre-registration will be closed 24 hours prior to this event.
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Registrations will be accepted at the door.
Richard Daisley, CPA
Surgent Professional Education
Rich is a CPA and has over 25 years of experience in the accounting and auditing field. He has worked in both the client service setting as well as in internal capacities as a facilitator of accounting and auditing courses. He was an assurance manager with PwC, spending time in both the assurance practice as well as with PwC’s Capital Markets and Accounting Advisory Services group, where he advised clients on the implementation of new accounting pronouncements as well as on issues related to public offerings. Rich also worked in PECO Energy’s Merger and Acquisition group, where he performed financial due diligence that supported PECO’s acquisition activity in the energy sector. He has experience in the manufacturing, health care, energy, and pharmaceutical industries. Prior to joining Surgent, Rich also has more than 10 years of experience as a course developer and facilitator, creating and leading training courses on such topics as revenue recognition, stock based compensation, equity instruments and performing integrated audits under the Sarbanes-Oxley legislation. He also designed and delivered courses on instructor development and facilitation skills to senior PwC internal course instructors. In 2015 he joined Surgent as Director, Accounting & Financial Reporting Content. In this role, he researches and develops the technical content for Surgent’s Accounting and Financial Reporting curriculum.