What's Going on at the FASB

Tuesday, July 20, 2021
Webcast or Webinar, Online
10:00AM - 1:47 PM (opens at 9:30 AM) EST
4Credits
Accounting and Auditing

Registration is 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.

Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price
Course Type: Webcast
Course Code: 21/AC809087
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting

Overview:

This course will cover the Accounting Standards Updates (ASUs) issued recently by the FASB as well as those that will be effective soon. The course starts with ASU 2020-05, which delays the effective dates of revenue recognition and leases. We then review the standards effective for 2020 for public entities and private entities to ensure that attendees are aware of what changes are coming to financial statements this year. We will then turn our attention to a more detailed review of ASU 2016-02 and discuss how to implement Topic 842, Leases. We close with a review of standards that are coming down the pike. This course is intended to keep you up to date with what is going on at the FASB and perhaps help you consider whether 2020 is a good opportunity to early adopt some standards that will reduce cost and complexity. 

Objectives:

  • Describe new ASUs issued by the FASB
  • Identify the key financial reporting changes of the leases standards
  • List standards that will be effective for 2020 calendar year ends
  • Recognize standards that will be effective in the near future

Major Topics:

  • Accounting
  • FASB

 

Designed For:

Practitioners and members in industry responsible for accounting and financial reporting

Prerequisite:

Prior experience with GAAP