Overview
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Overview and background
4 mins
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Option to apply expedients
20 mins
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Scope and scope exceptions
37 mins
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accounting alternative for a goodwill impairment triggering event evaluation
48 mins
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Other transactions
62 mins
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.
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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.
Recommended For
- This online CPE course is recommended for CPAs, CMAs, CIAs, Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities.
Who Should Attend?
- Accountant
- Accounting and audit managers/practitioners
- Accounting Firm
- Accounting Managers
- Accounting Practice Owners
- Accounts Director
- Auditors
- Bookkeepers & Accountants & Tax Preparers
- Business Owner
- Certified Management Accountant (CMA)
- Chief Accounting Officer
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Director of Financial Reporting
- Senior Accountant
- Staff of Accounting Firm
- VP Accounts
- Young CPA