Overview:
This continually updated webcast is designed for the accountant who wants to keep abreast of the latest rules and regulations affecting financial accounting and reporting. You’ll:
- Discover how the latest pronouncements affect your company or clients
- Benefit from an analysis of late-breaking and emerging developments
- Get a “sneak preview” of where the standard setters are heading
Objective:
To familiarize participants with the accounting and reporting requirements of recent pronouncements. This webcast reviews the current activities of the standard setters and the expected impact on current and future accounting and reporting.
Emphasis:
- International convergence and principles-based accounting
- IFRS for SMEs (Small and Medium-Sized Entities)
- Private company reporting and the proposed AICPA Financial Reporting Framework for Nonpublic Entities
- Fair value update, including OTTI, receivables, valuations and troubled debt restructuring
- Impairment testing for goodwill and intangible assets with indefinite lives
- Leases: FASB/IASB project and recent decisions
- Revenue recognition: FASB project, FASB/IASB Joint Exposure Draft and recent decisions
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Other FASB pronouncements, exposure drafts and current projects
– Financial instruments, FX and hedging
– Defined benefit, defined contribution and multi-employer pension plans
– Combinations and consolidations: control, variable interest entities and disclosures
– Going concerns: liquidation basis, risks and uncertainties
– Financial statement presentation: offsetting assets and liabilities, comprehensive income, disclosures and proposals
– Industry-specific issues - FASB codification updates: recent releases (ASUs)
- SEC reporting: recent developments, enforcement issues and hot topics
