Revenue Recognition, Financial Instruments, Leases

Overview

Be prepared for FASB’s “Big Three”

Understand FASB’s big three accounting and reporting areas: revenue recognition, financial instruments, and leases.
Learn to assess and implement the new standards and guidance that are applicable to your practice. This course provides 2.5 hours of CPE credit in the Accounting field of study.

Objectives

• Determine the process required in applying the five steps of the new revenue recognition update.
• Recall the requirements of the CECL module for measuring the impairment of financial instruments.
• Calculate the right-of-use asset and corresponding lease obligation for lease agreements.

Highlights

• FASB accounting standards updates in revenue recognition, financial instruments, and leases
• Current Expected Credit Loss (CECL) module
• Lease obligation

Designed For

Accounting professionals

Prerequisites

Accounting professionals