Surgent's FASB Update: New and Recent Accounting Standards Updates

 

   

 

 
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Overview

2.0 Credits

Designed for practitioners and their staff, whether in public accounting or business and industry, this course will provide you with an update of recently issued FASB Accounting Standards Updates (ASUs), including a comprehensive review of the new revenue recognition standard and guidance found in ASU 2014-09, Revenue from Contracts with Customers.

Objectives

  • Identify and apply the latest FASB Accounting Standards Updates
  • Review key changes to lease accounting introduced by ASU No. 2016-02, Leases
  • Review the status of the FASB's Financial Instruments project, including key provisions in the new standards on Classification and Measurement and Impairment
  • Review the FASB's comprehensive new revenue recognition standard -- ASU No. 2014-09, Revenue from Contracts with Customers
  • Review updates issued by the FASB in 2016 that impact ASU No. 2014-09, Revenue from Contracts with Customers

Major Topics

  • Recently issued FASB Accounting Standards Updates
  • ASU No. 2014-09, Revenue from Contracts with Customers
  • 2016 issued Updates that impact ASU No. 2014-09, Revenue from Contracts with Customers
  • 2016 issued Updates dealing with accounting for leases and certain financial instruments

Designed For

Practicing CPAs and their staff, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Prerequisite

Experience in financial accounting and reporting
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