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GAAP Essentials Unveiled: Dynamic Accounting and Reporting Insights

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CVA
  • CPA/CFF
  • CFA
  • CGFM
  • IAP
  • CBA/MCBA
  • FPAC
  • IA LPA
  • QIAL
  • CIPM
  • DE LPA
  • ME LPA
GAAP Essentials Unveiled: Dynamic Accounting and Reporting Insights

Free (Only Today)

16 Credits

Subject Area

Accounting
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Would you like to master the essentials of GAAP accounting intricacies? Enroll in our exclusive course and gain comprehensive insights into critical U.S. GAAP accounting and reporting areas. This specialized webinar covers pivotal accounting topics: business combinations, revenue recognition, lease transactions, goodwill impairment, segment reporting, software accounting, accounting changes, and non-GAAP financial measures.

Embark on an in-depth journey into accounting for business combinations as outlined in ASC 805. Unpack the complexities of revenue recognition principles under ASC 606, thoroughly understanding the five-step model. Explore the latest lease accounting standards per ASC 842, examining real-world disclosure challenges post-adoption.

Discover the nuances of goodwill impairment testing according to ASC 350-20 and delve into segment reporting compliance under ASC 280. Dive into software accounting principles for both internal-use software (ASC 350-40) and software intended for marketing and sale (ASC 985-20).

Uncover the dynamics of accounting changes, corrections, and error rectifications as outlined in ASC 250. Finally, explore the significance of non-GAAP financial measures, understanding SEC comments and FASB perspectives to ensure compliance and integrity in financial statements.

Elevate your understanding of GAAP essentials and refine your accounting expertise. Enroll today in this CPE Accounting course to navigate these critical accounting areas effectively and maintain GAAP compliance in financial reporting.

Learning Objectives

  • To identify criteria for business combinations and recognize their acquisition dates for accounting purposes.
  • To analyze methods to measure goodwill, bargain purchases, and related financial statement disclosures.
  • To explain the step-by-step process of the new revenue recognition model.
  • To explain how to recognize lease arrangements and discuss the distinct criteria for finance leases and short-term leases.
  • To analyze lease recognition and measurement requirements for both lessees and lessors.
  • To inspect key characteristics of operating segments and their related disclosure requirements.
  • To discuss and differentiate software accounting principles for internal-use software versus software intended for sale.
  • To identify various accounting changes and their impact on financial statements, differentiating between GAAP and non-GAAP financial measures as per SEC guidelines.

Course Qualification

Webinar Qualifies For

  • 16 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 16 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 16 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 16 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 16 CPE Credit of Accounting for Certified Management Accountants (CMA)
  • 16 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 16 CPD Credit for Certified Financial Forensics (CFF)
  • 16 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 16 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 16 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 16 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 16 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
  • 16 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
  • 16 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 16 PL Credit of Accounting for CIPM
  • 16 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
  • 16 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

Additional details

  • Course Level :
    Basic
  • Credits :
    16
  • 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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".    

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

About Company

Our vision is to create a world where innovation drives extraordinary contributions to humanity. This vision guides everything we do, how we do it, and why we do it. 
Our technology – a product and service portfolio of personal systems, printers, and 3D printing solutions – was created to inspire our vision and we are doing everything in our power across climate action, human rights, and digital equity to make it so. 
We believe thoughtful ideas can come from anyone, anywhere, at any time. And all it takes is one to change the world.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
  • For Refund and Complaint Resolution Policy, CLICK HERE.

Ratings and Review

4.5

126 Ratings

Excellent

75

Very Good

40

Average

8

Poor

1

Terrible

0

LW

Lauri Wray, CPA (US)

May 22nd, 2024

Very informative. refreshed my knowledge tremendously to apply to my every day work functions.

AB

Ani Binitie, CPA (US)

Oct 23rd, 2024

A very detailed refresher course on several GAAP and IFRS standards and rules.

AP

Amy Pope, CPA (US)

Dec 31st, 2023

The class was very informative and well organized.

MM

Michael Mcmahon, CPA (US)

Aug 15th, 2024

This course was extremely informative and fun!

GP

Gautam Patankar, CRMA, CFE, CIA, CPA (US), CGMA

Jul 28th, 2024

Very thorough and detailed