Overview:
Are you looking for an update on the most recent changes to US financial reporting? This comprehensive 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
- Understand and implement recent 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.
Emphasis:
- Codification updates
- Exposure Drafts, projects and proposals
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Current joint FASB/IASB projects on:
– Revenue recognition
– Leases
– Financial instruments, hedging and derivatives
– Financial statements and presentation - Fair value accounting
- Pensions and postretirement plans
- Business combinations
- Income taxes
- Variable Interest Entities (VIEs)
- Updates on auditing, independence and ethics
