Mobile Edition

GAAP Update (4172513J)

Date:Monday, January 22, 2018
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Accounting and Auditing
Vendor:California CPA Education Foundation
Course Level:Update
Early Bird Price:Not applicable or see below.


Stay on top of accounting principles by reviewing all pronouncements issued since 2014, including those by the FASB Private Company Council and other amendments to the FASB Accounting Standards Codification. Gain a comprehensive understanding of the pronouncements as they relate to you and your clients, as well as information on significant pronouncements that are likely to be issued in the near future. Plus, determine the appropriate time to apply these guidelines to transactions and arrangements with similar characteristics for which there is not authoritative guidance.

Course material includes summaries of each of the pronouncements, including the reasons behind their issuance and their effects on financial reporting.

  • Identify changes to each major subject in the FASB Accounting Standards Codification as a result of Accounting Standard Updates (ASUs) issued since 2014.
  • Determine when it is appropriate to apply alternatives available as a result of pronouncements of the FASB Private Company Council (PCC).
  • Determine how to apply ASU changes to client financial statements.
  • Recognize changes to areas such as accounting for goodwill, accounting for derivatives and variable interest entities.
  • Identify upcoming changes to revenue recognition accounting.

Major Topics:
  • Business combinations and consolidations
  • Imputation of interest
  • Derivatives and hedging
  • Inventory
  • Fair value measurements and disclosures
  • Going concern issues
  • Impairments of goodwill and other intangibles

Who Should Attend:

CPAs responsible for ensuring financial statements conform with GAAP, as well as auditors and internal CPAs who are part of the financial reporting process.

Knowledge of generally accepted accounting principles and awareness of the FASB Accounting Standards Codification.

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.