Overview:
Increasingly complex and controversial accounting issues and disclosures create difficult challenges for today’s busy financial executives. In this two-day workshop’s problem-solving sessions, you will:
- Gain real-world knowledge on how to best handle the latest rule changes from the SEC, FASB and more
- Compare new and existing standards and determine what you need to change
- Be prepared for future changes
Objective:
To review complicated financial accounting and reporting requirements recently promulgated by rulemaking bodies, including the FASB, IASB, AICPA and SEC. This continually updated two-day program summarizes the rulemakers’ current activities and thinking and their expected impact on future accounting and reporting and what you need to do to stay compliant.
Emphasis:
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Recent FASB pronouncements and other works in process
– Impairment testing: goodwill and indefinite-lived assets
– Business combinations, consolidations and noncontrolling interests: effective control, disclosures and proposals
– Fair value update, including OTTI, receivables, valuation and troubled debt restructuring
– Financial instruments, derivatives, hedging and FX update
– Lease update, including the joint FASB/IASB project on leases
– Pension and multi-employer plans update
– Going concerns: liquidation basis, risks and uncertainties
– Industry-specific projects and pronouncements - Variable Interest Entities (VIEs): review and update
- Stock-based compensation: review and update
- International convergence and principles-based accounting
- Private company reporting and IFRS for SMEs
- Materiality: uses and abuses
- Financial statement presentation: reducing complexity, offsetting assets and liabilities, comprehensive income, disclosures and proposals
- FASB Revenue Recognition Project, Joint FASB/IASB Exposure Draft and recent pronouncements
- SEC hot topics: recent enforcement case lessons, SEC proposed regulations, SOX 404 and other compliance issues, filing requirements
