Overview
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 606, Revenue from Contracts with Customers.
Major Topics:
- Recently issued FASB Accounting Standards Updates
- ASC Topic 606, Revenue from Contracts with Customers
- Recently issued Updates dealing with accounting for leases and certain financial instruments
Learning Objectives
- Identify and apply the latest FASB Accounting Standards Updates
- 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
- Review the FASB’s comprehensive new revenue recognition standard found in ASC Topic 606, Revenue from Contracts with Customers
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
Prerequisite:
Experience in financial accounting and reporting
Advanced Preparation:
None