Event Details

Recently Issued U.S. GAAP - What Small and Mid-Size Nonpublic Entity CPAs Need to Know and Do Now, Not Later (GAAP) (SUGAAP13)

Date:	Wednesday, February 14, 2018
Time:	1:00 PM - 3:00 PM (Registration at 12:30PM)
Facility:	Webcast or Webinar, Online
CPE Credit:	2.0 Accounting and Auditing
Instructor:	Jennifer F. Louis
Vendor:	Surgent McCoy
Course Level:	Basic
Early Bird Price:	$89.00 FICPA Members, $119.00 Non-Members

Description:

New Accounting Standards Updates (ASUs) related to U.S. GAAP are issued on a regular basis. It can be time-consuming and confusing to keep up-to-date on the resulting impact on financial statements and disclosures, especially when many changes relate primarily to public business entities, larger companies, or specific industries. This course will focus on explaining the most significant U.S. GAAP updates that are relevant to small- and medium-size private entities.

Objectives:

Describe the important accounting policy elections to consider related to Private Company Council (PCC) U.S. GAAP alternatives available to nonpublic entities
Discuss the highlights of the ASUs with outstanding effective dates for nonpublic business entities, focusing on the changes most relevant to small and medium-sized nonpublic business entities
Explain the possible impact of pending FASB activity most relevant to private companies

Major Topics:

Private Company Council (PCC) influenced U.S. GAAP alternatives, such as common control leasing arrangements, interest rate swaps and goodwill
What nonpublic reporting entities need to do now related to ASU 2014-09 Revenue Recognition
The impact of the new ASU 2016-02 Leases, and whether there is anything entities need to do now to prepare for implementation
Highlights of other ASUs with open effective dates for nonpublic business entities that have the greatest likelihood of changing the financial statements of smaller entities
Significant pending FASB activity related to smaller private businesses

Who Should Attend:

Accountants both in public and private practice responsible for preparing or attesting on financial statements and disclosures for nonpublic business entities

Prerequisite:

None

Advanced Preparation:

None

Session/Options

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.

Back