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A Review of the Current Major Accounting Standards Projects (RRLF)

Customer Rating
Field of Study
Accounting
Level
Intermediate
Credits
8
Qualifies For
CPE



Price:  $79.99
For any practicing CPA, it is crucial to keep up with the most recent accounting standards updates. Learn about the current status of accounting standards projects with this comprehensive CPE course.

Additional information

Credits

8

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Accounting (Technical) (8)

Field of Study Department

Accounting (Technical)

Course Version

2019-01

CPE Approved

1

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

  • Key differences between current U.S. GAAP and the new revenue recognition guidance
  • Revenue presentation, disclosures, and implementation guidance and illustrations
  • The new five-step principles-based revenue recognition model
  • The FASB's comprehensive new revenue recognition standard, ASU No. 2014-09, Revenue from Contracts with Customers, and recent updates to the standard
  • The FASB's issued and proposed ASUs relating to financial instruments on classification and measurement, impairment, and hedging
  • Sale and leaseback transactions
  • Lessee vs. Lessor accounting
  • The FASB's new ASU, Leases (Topic 842)
  • Overall lease accounting guidance

Learning Objectives:

  • Be familiar with the FASB’s financial instruments project covering the new ASUs dealing with classification and measurement and impairment, as well as the status of the hedging project
  • Review the FASB’s new lease accounting guidance
  • Understand and apply the FASB's new revenue recognition standard, ASU No. 2014-09

Designed For:

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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