by Fmeaddons

A Review of the Current Major Accounting Standards Projects (RRLF)

$125

A Review of the Current Major Accounting Standards Projects (RRLF) is a comprehensive CPE course that provides 4 credits in the field of Taxes for CPAs.

SKU: RRLF Category:

Description

For any practicing CPA, it is crucial to keep up with the most recent accounting standards updates. Learn about the current status of accounting standards projects while earning 4 CPE credits in the field of accounting.

Major Topics

  • Key differences between current U.S. GAAP and the new revenue recognition guidance
  • Revenue presentation, disclosures, and implementation guidance and illustrations
  • The new five-step principles-based revenue recognition model
  • The FASB’s comprehensive new revenue recognition standard, ASU No. 2014-09, Revenue from Contracts with Customers, and recent updates to the standard
  • The FASB’s issued and proposed ASUs relating to financial instruments on classification and measurement, impairment, and hedging
  • Sale and leaseback transactions
  • Lessee vs. Lessor accounting
  • The FASB’s new ASU, Leases (Topic 842)
  • Overall lease accounting guidance

Learning Objectives

  • Be familiar with the FASB’s financial instruments project covering the new ASUs dealing with classification and measurement and impairment, as well as the status of the hedging project
  • Review the FASB’s new lease accounting guidance
  • Understand and apply the FASB’s new revenue recognition standard, ASU No. 2014-09

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry — controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Prerequisites

Experience in financial accounting and reporting

Advance Preparation

None

Additional information

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State Board Accreditation

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