Review of Recent Developments at FASB (RFAD)

Customer Rating

Rated 5 out of 5

Field of Study
Accounting

Level
Intermediate

Credits
4

Qualifies For
CPE

Price: $ 39.99

This course provides a detailed discussion on the key topics related to financial reporting, though in a summarized format. The course will focus on 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 and provide an update on the status of ASC 606 implementation and other hot button accounting issues, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.

Additional information

year	2023
version	01
Credits	4
Company Code	Self Study
Format	On Demand
Yellow Book Approved	0
CFP Approved	0
IRS Approved	0
CTEC Approved	0
Field of Study Credits	Accounting (4)
Field of Study Department	Accounting
Course Version	2023-01
CPE Approved	1

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

Lessons learned and sustainment efforts related to Topic 606
COVID-19 accounting implications
Recent FASB Accounting Standards Updates (ASUs)
Private company standard setting activities
Topic 842, Leases

Learning Objectives:

Recently issued FASB Accounting Standards Updates (ASUs)
An overview of the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842).
The FASB’s financial instruments guidance relating to credit losses, ASU No. 2016-13;
Key elements of the ASC 326 models; and
Presentation, transition, and disclosure guidance under ASC 326.

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