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 326, Current and Expected Credit Losses (CECL)
• Recall key provisions of recently issued FASB Updates
• Review the latest FASB Accounting Standards Updates (ASUs)
• Be aware of recent private company standard setting activities
• Understand the recently implemented lease accounting guidance found in Topic 842, Leases

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