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. Gain 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. Then, discuss hot topics such 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.
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.
BENEFITS
- 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
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in financial accounting and reporting.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
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.