Review of Recent Developments at FASB (RFAD)

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:

• Understand the key provisions and updates to Topic 606, Revenue from Contracts with Customers, and the results of the final stage of the FASB’s PIR process, including its final report on the topic
• Recall key provisions of recently issued FASB Updates
• Understand the recently implemented lease accounting guidance found in Topic 842, Leases
• Review the latest FASB Accounting Standards Updates (ASUs)
• Be aware of recent private company standard setting activities
• Recall common non-GAAP financial measures and requirements surrounding their disclosure

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