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FASB Accounting Standards Update

  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
FASB Accounting Standards Update

2 Credits


Subject Area


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 Internal Audit Practitioner (IAP)

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

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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. 

The CPE course is designed to keep you up to date on the recent activity of the Financial Accounting Standards Board (FASB), this online CPE course will summarize recently issued Accounting Standards Updates (ASUs) issued by the FASB in 2021 year to date. The continuing education course will discuss the main provisions of the ASU, application guidance, and information on transition and the effective dates for the new ASU. This CPE course is the place to go to stay current on all FASB-related matters.

Major topics covered in this online CPE webinar:

  • Update 2021-05—Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments
  • Update 2021-04—Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force)
  • Update 2021-03—Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events
  • Update 2021-02—Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient
  • Update 2021-01—Reference Rate Reform (Topic 848): Scope

This CPE course examines the rule makers' current activities and thinking. It also shows you the expected impact and what you need to do to stay compliant.

Click here for CPE courses on Accounting and Auditing

Learning Objectives

  • To examine the background and scope of each topic.
  • To determine the specific items targeted by each amendment.
  • To describe the applicable new accounting treatment for each amendment.
  • To determine the effects of the amendments.
  • To review additional disclosure requirements.

Who Should Attend?

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





Good seminar.






Very nice




The audio was choppy at times.