CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Updates to Significant GAAP Topics

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 28, 2021 | 01:30 PM EDT Register


  • Topic 825 - Financial Instruments
    8 mins
  • Definition of Financial Instrument
    29 mins
  • Nature of Derivatives
    46 mins
  • Impairment of Receivables
    75 mins
  • Fair Value Not Readily Determinable
    103 mins
  • GAAP Alternative for Nonpublic Entities
    127 mins
  • Mandatorily Redeemable Shares
    143 mins
  • Share-Based Payment Arrangements
    168 mins
  • Lessee Provisions
    195 mins

Course Description

This continuing education course is perfect for the CPAs and other accounting professionals who wants to maintain a sound working knowledge of common GAAP topics. It covers a variety of accounting and financial reporting issues.

In this online course for CPAs and other accounting professionals all pronouncements are covered at an overview level to provide attendees with insights into the issues being addressed, when the new ASUs apply, and what changes will result from their application. When specific ASUs apply to attendees, they are covered in greater depth.

This online CPE course also covers the recent pronouncements of the FASB's Private Company Council. The PCC has issued several standards to date that offer alternative accounting approaches for non-public entities. These approaches are designed to simplify the accounting for non-public entities without diminishing the quality of financial reporting.

Key topics covered in this online CPE webinar are as follows:

       Topic-825 Financial Instruments

       Topic-820 Fair Value Measurement

       Topic-815 Derivatives and Hedging

       Topic-220 Income Statement – Reporting Comprehensive Income

       Topic 310 – Receivables

       Topic 326 – Financial Instruments – Credit Losses

       Topics 320, 321, 323, and 325 – Investments

       Topic 480-Distinguishing Liabilities from Equity

       Topic 606 – Revenue from Contracts with Customers

       Topic 718 – Compensation-Stock Compensation

       Topic 740 – Income Taxes

       Topic 805 – Business Combinations

       Topic 842 – Leases

       Topic 845 – Nonmonetary Transactions

       Topic 350 – Intangibles – Goodwill and Other

In addition, this online continuing education course briefly reviews some of the key features of the FASB Codification with emphasis on the efficient performing and updating of research and the development of customized disclosure checklists for each engagement that can be easily updated and be used as a significant time-saving tool.

Click here for more online CPE webinars on Accounting and Auditing

Learning Objectives

  • To identify topics in the FASB ASC that are common to the financial statements of many entities and that have undergone numerous changes over the last several years
  • To discuss how to determine whether changes are applicable to their financial statements or those of their clients
  • To discuss the history of, and the reasons for, some of the changes
  • To evaluate changes to identify patterns that indicate how accounting and reporting principles have evolved

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Young CPA