Simplifying the FASB Codification Research System 1.5 Credits
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Dec 09, 2024 | 12:00 PM ET
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:
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.
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Advance Preparation
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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.
Ms.
Fountain obtained her BSBA from Pittsburg State University and her MBA from
Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
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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.
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.
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.
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.
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.
RB
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
Really good summary about the FASB's research codification system. Presenter was clear, concise, and pleasant to listen to.
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