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

Course Details

Date

Self-Study

Location

Online

Field of Study

Accounting & Audit

CPE Credit

8 hours CPE credit

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in financial accounting and reporting

Description

This course provides a detailed discussion on the key topics related to financial reporting. The course will focus on all 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, financial instruments, and provide an update on the status of ASC 606 implementation and other hot button accounting issues. This course will also provide you with a comprehensive review of recent Private Company Standard-Setting activities and what is on the FASB's technical agenda. Lastly, it will cover any accounting implications of current events, such as COVID-19 stimulus legislation and other tax-law changes.

This course is the place to go for a detailed understanding of all the goings on at the FASB.

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

Objectives

  • Be familiar with recent private company standard setting activities
  • Review recently issued FASB Accounting Standards Updates that relate to small and medium-sized businesses
  • 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

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

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