Mobile Edition

Global World Accounting: Key Issues for Revenue Recognition, Leases and Impairment (4173305E)

Date:Friday, December 22, 2017
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Accounting and Auditing
Instructor: Allen W. Plyler
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members


The next few years will be disruptive to the current balance sheet and income statement. The global world of accounting is shifting. A dramatic impact by the current set of accounting implementations applies to the overall accounting landscape and the regulatory environment.

Explore the U.S. GAAP and IFRS convergence process and how the standard setters have aligned and differed in areas such as Revenue Recognition, Leases and Impairment relating to expected credit losses, overall financial instruments and hedging.

Navigate the new guidance and understand differences and similarities between the FASB ASUs and the IFRS standards—including the IFRS 9 standard. Cover the impacts to the financial reporting under the five-step model of Revenue Recognition and the classification impacts of assets and liabilities covered under the guidance of major implementations occurring over the next few years. Additionally, cover the impacts affecting qualified and non-qualified hedges.

Plus, explore the credit loss models under the Current Expected Credit Loss approach and why measurements under incurred loss views were criticized. Discuss the new measurement category FVTOCI and how the reporting of equity investments is impacted.

  • Recognize key concepts of the Five Step Model for Revenue Recognition.
  • Determine how Lease Accounting impacts from Gross Up to Balance Sheet.
  • Identify key requirements of the FASB ASU regarding classification and measurement and IFRS 9 guidance.
  • Determine impairment measurement under the FASB and IASB models, including single and dual-measurement approach under CECL models.
  • Recognize impacts to hedging of financial instruments.
  • Identify reporting impacts based on classification and measurement guidance in the standards.

Major Topics:
  • Revenue Recognition
  • Leases
  • Classification and Measurement
  • Impairment for Expected Credit Loss Models
  • Hedging

Who Should Attend:

CPAs responsible for preparing GAAP or IFRS financial statements as well as those who audit, review or compile financial statements.


Advanced Preparation:


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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.