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Understanding the Latest FASB Standards Updates (OFSU)

Customer Rating
Field of Study
Accounting
Level
Intermediate
Credits
2
Qualifies For
CPE



Price:  $19.99
Designed for practitioners and their staff, whether in public accounting or business and industry, this course will provide you with an update of recently issued FASB Accounting Standards Updates (ASUs), including a comprehensive review of the new revenue recognition standard and guidance found in ASC Topic, Revenue from Contracts with Customers.

Additional information

Credits

2

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) (2)

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:

  • ASC Topic 606, Revenue from Contracts with Customers
  • Recently issued Updates dealing with accounting for leases and certain financial instruments
  • Recently issued FASB Accounting Standards Updates

Learning Objectives:

  • Review the FASB’s comprehensive new revenue recognition standard found in ASC Topic 606, Revenue from Contracts with Customers
  • Review key changes to lease accounting introduced by ASU No. 2016-02, Leases
  • Review the status of the FASB’s Financial Instruments project, including key provisions in the new standards on Classification and Measurement, Impairment and Hedging
  • Identify and apply the latest FASB Accounting Standards Updates

Designed For:

Practicing CPAs and their staff, 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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