Performing Effective Accounting Research (A4S1)

Overview

Financial accounting can be complex. An integral part of a senior associate’s job responsibilities is to perform effective and efficient research using the FASB’s Accounting Standards Codification (ASC). In this session, participants will be introduced to the ASC, including how it is structured, organized, and updated. They will also learn about other information that can be accessed from the ASC. Next, the session will cover best practices for effective research using the ASC, including the ASC’s search functionality and other tools that will make accounting research easier to perform. (Please Note: This module is part of Surgent's Audit Skills Training: Level 4.)

Major Topics:

• Structure of the ASC codification
• Content included and not included in the ASC
• Other information contained in the codification
• Best practices for performing effective and efficient accounting research

Learning Objectives:

• Determine the sources of authoritative U.S. GAAP
• Recall FASB Research and information sources
• Identify the structure of the Accounting Standards Codification
• Recall how to perform research with the ASC