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2021 FASB UPDATE

  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
2021 FASB UPDATE

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Course Description

Sometimes it is a little difficult to keep up with the amendments in accounting standards issued by FASB.

New, more complex accounting issues and disclosures create challenges for today’s busy financial executives.

This CPE course will present the latest on the activities at the Financial Accounting Standards Board (FASB). 

Particular attention will be paid to ASU 2020-07 on non-financial contributions to not-for-profit entities, goodwill, revenue recognition for franchisors, leases, and reference rate reform. 

This CPE webinar will include a summary of the Accounting Standards Updates (ASUs) issued since January 2020 and a discussion of the key updates that would impact private company financial statements.

Digital assets hold an immense amount of potential for companies, but there can be a hesitancy to add this asset class to the balance sheet—especially when digital assets accounting continues to be an obstacle. Many cases involving distributed ledgers and cryptocurrencies require thoughtful examination of basic considerations within traditional accounting frameworks, while other instances call for new standards and practices. 

There will also be a brief discussion of complexities in accounting for digital assets, exposure drafts, and current FASB projects.

Stay up to date on FASB's activities, save time reading many email summaries, and receive summarized news in one session with CPE credit.

Learning Objectives

  • To gain an understanding of recently issued Accounting Standard Updates.
  • To discuss new financial reporting requirements for 2021 financial statements.
  • To discuss FASB projects and exposure drafts that could impact future financial reporting.
  • To analyze the complexities in accounting for digital assets. 

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Certified Management Accountant
  • Certified Public Accountant
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Director of Accounting
  • Entrepreneurial Accountant
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.8

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