Accounting Update: A Complete Review of Key New Pronouncements Webinar
Overview
Keeping pace with evolving accounting standards is essential for any accurate financial reporting. This updated course provides a comprehensive review of recently issued FASB Accounting Standards Updates (ASUs) and emerging accounting developments that may significantly affect financial reporting and disclosure requirements for business entities. Participants will gain a clear understanding of recently issued guidance related to environmental credits, government grants, hedge accounting, income tax disclosures, and more. Additionally, participants will examine the practical implications of new guidance, including implementation considerations, disclosure requirements, and presentation issues affecting financial statements. This includes the process of:
- Identifying recently issued FASB Accounting Standards Updates and evaluating their impact on financial statement recognition, measurement, presentation, and disclosure
- Assessing implementation considerations associated with new accounting guidance across multiple financial reporting areas
- Applying newly issued guidance to improve the quality, consistency, and compliance of financial reporting practices
Objective
To provide accounting and finance professionals with a practical understanding of recently issued FASB Accounting Standards Updates and emerging accounting developments so they can effectively implement new guidance and maintain compliance with current financial reporting requirements.
Emphasis
- Significant accounting developments and recently issued FASB standards affecting financial reporting, including:
– Environmental credits and environmental credit obligations (ASU 2026-02)
– Paid-in-kind dividends on preferred stock (ASU 2026-01)
– Codification improvements and SEC accounting updates (ASU 2025-12 and ASU 2025-02)
– Interim reporting improvements (ASU 2025-11)
– Government grant accounting for business entities (ASU 2025-10)
– Hedge accounting and derivatives developments (ASU 2025-09 and ASU 2025-07)
– Purchased loans and credit loss accounting (ASU 2025-08 and ASU 2025-05)
– Internal-use software accounting (ASU 2025-06)
– Expense disaggregation, income tax disclosures, and convertible debt developments (ASU 2025-01, ASU 2024-03, ASU 2023-09, and ASU 2024-04)
This course is included in the following subscriptions:
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