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myCPE

Simplifying the FASB Codification Research System 1.5 Credits

Dec 09, 2024, 12:00 PM ET

Simplifying the FASB Codification Research System 1.5 Credits

  • Rating

    4.6
  • Reviewed on

    February, 2024
  • Subject Area

    Accounting

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Dec 09, 2024, 12:00 PM ET

Learning Objective

  • To explain the history behind GAAP and the Codification project.
  • To examine how to simplify the Codification.
  • To discuss the various standard setters.
  • To explore the benefits and application of the Codification Research System.
  • To navigate the Codification Structure, and analyze the use of the Research Codification System.
  • To know how to apply research processes through an example.

Course Overview

Are you grappling with the complexities of GAAP and FASB Codification in the realm of financial and accounting practices? 

In this CPE course, we highlight the evolution of GAAP, delving into the challenges it presented before the advent of the FASB Codification. The course provides a thorough exploration of the Codification project, elucidating its historical context, goals, and the revolutionary structural overhaul it brought to simplify user access to authoritative U.S. GAAP. With insights into the Codification's goals, impact on accounting education, and alignment with international standards, this webinar is your indispensable resource for navigating the dynamic landscape of financial reporting.

Unlock the power of the FASB Codification with our guide and revolutionize your approach to accounting research. Authored by Lynn Fountain, a seasoned expert in the field, this webinar seamlessly demystifies the complexities of GAAP and unveils the Codification's transformative role in simplifying the system. Gain valuable insights into the historical context, goals, and the profound impact of the Codification on financial reporting. Whether you are a CPA, preparer, or investor, this guide equips you with the knowledge to navigate the Codification structure effectively. Join us on a journey through the evolution of U.S. accounting standards, and discover how the Codification Research System streamlines the research process, providing accurate and up-to-date information. 

Major topics covered in this CPE Accounting Webinar:

  • Understand the history behind GAAP and the Codification project.
  • Examine how to simplify the Codification, and understand the various standard setters.
  • Explore the benefits and application of the Codification Research System.
  • Navigate the Codification Structure.
  • Use the Research Codification System.
  • Apply research processes through an example.

Join this webinar and elevate your understanding of financial accounting and reporting with this comprehensive guide, an essential tool for professionals seeking clarity and efficiency in the realm of GAAP. 

Explore CPA CPE Courses with MY-CPE. Our online offerings make it easy for you to fulfill your CPA CPE requirements. With a broad selection of topics taught by experienced professionals, you can enjoy flexible scheduling and self-paced learning. Say goodbye to traditional methods and begin your path to professional growth with us today!

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Advance Your Career with Lynn Fountain's CE/CPE/CPD Webinars
Lynn Fountain , CRMA

Owner, Lynn Fountain Consulting and Training

  • 4.5
  • rating
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Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.

Ms. Fountain is currently engaged in her own consulting and training practice.  She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit.  She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training.  She is the author of three separate technical books.  

  • Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
  • Leading the Internal Audit Function
  • Ethics and the Internal Auditor’s Dilemma

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials. 


On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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RB

Ryan Becker, CPA (US)

The codification was just being completed when I started my MAS program back in 2009. My professors referred to it often during lectures and we were given free access to the codified standards to use as we saw fit. I also took a class specifically on conducting research using the codified standards. It was nice getting a refresher on how everything is labeled within that structure. I'm actually going to talk to my boss about getting my employer to pay for access to the standards. Lynn was wonderful and I was thoroughly impressed by her knowledge of the codified standards.

DR

Daniel Regan, CPA (US)

Really good summary about the FASB's research codification system. Presenter was clear, concise, and pleasant to listen to.

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    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

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    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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