Overview:
Are you looking for a comprehensive update on the most recent changes to US financial reporting? This continually updated seminar will bring you up to date on the latest FASB pronouncements, and answer all of your questions about:
- Applying the latest rules to your company’s financial statements
- Implementing recent FASB updates
- Anticipating future developments
- Lease accounting
- SPACs
- Auditing updates
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Identifying COVID-19 issues
Objective:
To update financial professionals on the latest developments in financial reporting from the FASB. You’ll learn how to apply all the most recent pronouncements effectively and efficiently, and get an overview of the latest SASs and other current auditing issues.
Emphasis:
- Overview of all FASB pronouncements with effective dates in 2021 and later
- FASB Exposure Drafts, projects and proposals
- Status of projects
- Private company reporting: the latest from FASB and the PCC
- Leases—adopting the New Standard
- Financial instruments, hedging and derivatives, credit losses, rate reform, and extinguishment of debt
- Pensions, postretirement and employee benefit plans, and share-based payments
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Business combinations and consolidations, including:
– Clarifying the definition of a business
– Interests by related parties under common control
– Equity method - The latest on goodwill and special treatments for nonpublic entities
- Changes to impairment of goodwill and intangible assets with indefinite lives
- Accounting for Not-for-Profits—update
- An overview of SPACs transactions
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The impact of COVID-19