Mobile Edition

Review of Significant Accounting Topics (4172792C)

Date:Wednesday, January 3, 2018
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Accounting and Auditing
Instructor: Mark Dauberman
Vendor:California CPA Education Foundation
Course Level:Intermediate
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members


In a few cases, FASB's Private Company Council (PCC) has developed approaches that simplify accounting for nonpublic companies. Additionally, for early adopters of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs), accounting for many areas has been significantly simplified. Attendees will be immersed in the key provisions of derivatives, hedging and interest rate swaps; goodwill and impairment testing; and revenue recognition.

Discover going concern issues, the liquidation basis of accounting and other bases of accounting available to nonpublic entities, and address some of the traditional areas of accounting that have recently been revised.

In addition, a poll is taken at the beginning of each session to determine accounting topics that are most significant to you. Time is then allocated to discuss these areas. 

  • Identify the accounting for derivatives and hedging, particularly interest rate swaps, and the alternatives available as a result of the pronouncements of the PCC and under FRF for SMEs.
  • Determine how the recognition of revenue may be affected by changes to the revenue recognition standards.
  • Recognize going concern issues, the use of the liquidation basis of accounting and evaluate alternative accounting frameworks.

Major Topics:
  • Interest rate swaps, derivatives and hedging
  • Goodwill and impairment testing
  • Revenue recognition
  • Accounting for leases
  • Inventories and debt issue costs

Who Should Attend:

Individuals who prepare financial statements in accordance with GAAP; for nonpublic entities affected by pronouncements of the PCC and for small- and medium-sized entities; and who are affected by any of the included topics.

Basic knowledge of derivatives and hedging, accounting for goodwill and variable interest entities.

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.