MYCPE ONE

Year-end Updates on FASB and GASB Activities and US GAAP amendments: Stay ahead of the evolving accounting landscape

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Conference Overview

Stay ahead in the fast-evolving landscape of financial accounting and reporting with our 2024 Year-end Update Course on FASB and GASB Activities and US GAAP amendments. Year-end updates focus on timely insights into ongoing and recently completed FASB and GASB projects and upcoming amendments in the US GAAP (Accounting Standard Updates) that are applicable for the fiscal year ending December 31, 2024.  

As accounting practices adapt to constant change, keeping informed isn’t just beneficial—it’s essential. Whether you’re responsible for preparing financial statements or ensuring regulatory compliance, this course helps you stay up-to-date with the US GAAP changes and amendments. 

This course dives into the ongoing and lately completed FASB projects, offering practical guidance to help you adapt seamlessly. You’ll gain clarity on new applicable amendments (ASUs) under the US GAAP. Beyond technical details, we’ll explore real-world implications, empowering you to tackle challenges head-on. Strengthen your expertise, refine your reporting and compliance strategies, and position yourself as a leader in the accounting field.

Completed

Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 1.5 Accounting
CIA 1.5 All
CFE 1.5 Accounting
CMA 1.5 Accounting
CVA 1.5 All
CFA 1.5 Accounting
CPA/CFF 1.5 All
CGFM 1.5 Accounting
DE LPA 1.5 Accounting
IAP 1.5 Accounting
FPAC 1.5 All
QIAL 1.5 Accounting
CBA/MCBA 1.5 All
IA LPA 1.5 Accounting
CIPM 1.5 Accounting
ME LPA 1.5 Accounting

Sessions

Dec 19th, 2024

Speakers:
Speaker Name
Atul Bothra

VP of L&D
MYCPE ONE

Stay ahead in the fast-evolving landscape of financial accounting and reporting with our 2024 Year-end Update Course on FASB and GASB Activities and US GAAP amendments. Year-end updates focus on timely insights into ongoing and recently completed FASB and GASB projects and upcoming amendments in the US GAAP (Accounting Standard Updates) that are applicable for the fiscal year ending December 31, 2024.  

As accounting practices adapt to constant change, keeping informed isn’t just beneficial—it’s essential. Whether you’re responsible for preparing financial statements or ensuring regulatory compliance, this course helps you stay up-to-date with the US GAAP changes and amendments. 

This course dives into the ongoing and lately completed FASB projects, offering practical guidance to help you adapt seamlessly. You’ll gain clarity on new applicable amendments (ASUs) under the US GAAP. Beyond technical details, we’ll explore real-world implications, empowering you to tackle challenges head-on. Strengthen your expertise, refine your reporting and compliance strategies, and position yourself as a leader in the accounting field.

Learning Objectives

  • Examine Ongoing and Completed FASB Projects. 
    • Recognition and Measurement 
    • Presentation and Disclosures  
  • Review new Accounting Standard Updates (ASUs) issued during 2024. 
    • ASU 2024-01 
    • ASU 2024-02 
    • ASU 2024-03 
    • ASU 2024-04 

  • Discuss ASUs applicable to Entities (Public and Private) for the fiscal year ending December 31, 2024.

  • Discuss Private Company Council Updates (PCC Updates) 
    • Credit Losses – Topic 606 Receivables 
    • Presentation of Contract Assets and Contract Liabilities for Construction Contractors 

  • Examine Ongoing and Completed GASB Projects 
    • Statement No. 104: Disclosure of Certain Capital Assets (Classification of Nonfinancial Assets) 
    • Statement No. 103: Financial Reporting Model Improvements (Financial Reporting Model)

Qualifies For

License details Credits Status
Certified Financial Forensics (CFF) 1.5 CPD Eligible
Accounting for Certified Fraud Examiner (CFE) 1.5 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 1.5 CPE Eligible
Certified Internal Auditors (CIA) 1.5 CPE Eligible
Accounting for Certified Management Accountants (CMA) 1.5 CPE Eligible
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Certified Valuation Analyst (CVA) 1.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 1.5 PL Eligible
Accounting for Internal Audit Practitioner (IAP) 1.5 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 1.5 CPE Eligible
Accounting for Certificate in Investment Performance Measurement (CIPM) 1.5 PL Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1.5 CPE Eligible
Certified FP&A Professional (FP&A) 1.5 CE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Approved
Accounting for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Approved
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Approved

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Atul Bothra
Atul Bothra

VP of L&D
MYCPE ONE

Dec 19th, 2024

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Reviews and Ratings

out of 5

ratingratingratingratingrating
4 ratings

Excellent

Very Good

Average

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TR

Tom Reilly, Partner
3 ratingratingratingratingrating

Tough to understand the speaker - heavy accent.

LB

Lea Blanco, Finance Controller
4 ratingratingratingratingrating

The instructor cared about the program He kept asking questions very good

BS

Brian Smith, Co-Founder
4 ratingratingratingratingrating

Very dry, but this was a very dry topic! The instructor clearly knew the material!

SB

Sheila Brooks, CFO/Controller
5 ratingratingratingratingrating

This webinar was helpful to stay in the know about the accounting evolution.

Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com



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