Surgent's Annual FASB Update and Review

Overview

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 842 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.

Highlights

• Private company standard setting activities
• Recent FASB Accounting Standards Updates (ASUs)
• Topic 842, Leases
• ASC 326: CECL

Prerequisites

Experience in financial accounting and reporting

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry, as well as controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Objectives

• Be aware of recent private company standard setting activities
• Review the latest FASB Accounting Standards Updates (ASUs)
• Understand the new lease accounting guidance found in Topic 842, Leases
• Recall key provisions of recently issued FASB Updates

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.