myCPE
myCPE

Year-End Updates on FASB, GASB, and US GAAP Amendments 1.5 Credits

Year-End Updates on FASB, GASB, and US GAAP Amendments 1.5 Credits

  • Rating

    5

  • Published on

    February, 2025

  • Subject Area

    Accounting

Learning mode

On Demand
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • Examine Ongoing and Completed FASB Projects. 
  • Review new Accounting Standard Updates (ASUs). 
  • Discuss ASUs applicable to Entities (Public and Private) for the fiscal year ending December 31, 2024 & beyond.
  • Discuss Private Company Council Updates (PCC Updates). 
  • Examine Ongoing and Completed GASB Projects.

Course Overview

Stay ahead in the fast-evolving landscape of financial accounting and reporting with our 2024 Year-end Update Course on FASB and GASB Activities and US GAAP amendments. Year-end updates focus on timely insights into ongoing and recently completed FASB and GASB projects and upcoming amendments in the US GAAP (Accounting Standard Updates) that are applicable for the fiscal year ending December 31, 2024.  

As accounting practices adapt to constant change, keeping informed isn’t just beneficial—it’s essential. Whether you’re responsible for preparing financial statements or ensuring regulatory compliance, this course helps you stay up-to-date with the US GAAP changes and amendments. 

This course dives into the ongoing and lately completed FASB projects, offering practical guidance to help you adapt seamlessly. You’ll gain clarity on new applicable amendments (ASUs) under the US GAAP. Beyond technical details, we’ll explore real-world implications, empowering you to tackle challenges head-on. Strengthen your expertise, refine your reporting and compliance strategies, and position yourself as a leader in the accounting field.

Major topics covered: 

  • Review newly issued Accounting Standard Updates (ASUs) 
  • Explore ASUs applicable to both Public and Private Entities
  • Discuss Private Company Council (PCC) Updates
  • Examine Key GASB Updates & Completed Projects

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 1.5 CPE Eligible
Financial Statement Analysis for Chartered Financial Analyst (CFA) 1.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Eligible
Financial Reporting for Certified Government Financial Manager (CGFM) 1.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1.5 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 1.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1.5 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 1.5 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 1.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Eligible
Financial Statement Analysis for CIPM 1.5 PL Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1.5 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1.5 CE Eligible

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.

Check out CPA CPE Courses with MYCPE ONE, designed to streamline your professional development. We’ve got a wide variety of topics taught by industry pros, giving you the tools to easily meet your CPE requirements. With flexible scheduling and self-paced learning, you can ditch the old-school methods and focus on growing your career your way. Ready to level up? Start with us today!

About Instructor

Atul Bothra

Atul Bothra

Vice President, Learning & Development, MYCPE ONE

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  • rating
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Atul Bothra is a trailblazer in Learning and Development, with over 14 years of unparalleled experience working with accounting and finance professionals. As the VP of Learning and Development at MYCPE ONE, Atul spearheads initiatives to deliver cutting-edge training programs that combine technical expertise with essential soft skills, creating a well-rounded learning experience.  


Renowned for his deep understanding of accounting standards like US GAAP and IFRS, Atul excels at simplifying complex financial reporting and regulatory topics. His dedication to professional growth is reflected in the 500+ hours of impactful training sessions he has conducted, covering advanced technical subjects and leadership essentials such as emotional intelligence and effective feedback.  


Atul is a Deloitte Certified Trainer and has completed the prestigious Trainer Development Program by Dale Carnegie & Associates, equipping him with unparalleled insights into effective learning methodologies. His achievements include multiple awards for exceptional client service and innovative solutions, demonstrating his commitment to excellence and leadership in the industry.  


Passionate about developing a culture of continuous improvement, Atul focuses on mentoring professionals and equipping organizations to navigate ever-evolving challenges. His vision of redefining learning and development for small and mid-sized CPA firms makes him a sought-after leader and speaker in the accounting and finance domain.

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.

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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.

  • Certifications & Reporting

    Certifications & Reporting

    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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    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault

    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders

    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access

    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support

    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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