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 will explain how to:
- Apply the latest rules to your company’s financial statements
- Implement recent FASB codification updates
- Prepare for major convergence projects between the FASB and IASB, including the status of joint projects
- Anticipate future developments
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. You’ll also gain an understanding of how the FASB’s convergence projects with the IASB will impact upcoming rule changes. This seminar will also provide a review of the latest SASs.
Emphasis:
- FASB codification updates
- FASB Exposure Drafts, projects and proposals
- International convergence, IFRS for SMEs and private company reporting
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Current joint FASB/IASB projects, including recent decisions and updates on:
– Revenue recognition
– Leases
– Financial instruments, hedging and derivatives
– Financial statements and presentation, including offsetting and comprehensive income - Fair value accounting
- Pensions and postretirement plans
- Business combinations and consolidations
- Impairment of goodwill and intangible assets with indefinite lives
- Variable Interest Entities (VIEs)
- Updates on auditing, independence and ethics
