FASB Projects Update Self-Study Webinar (2 Hours)

FASB Projects Update Self-Study Webinar (2 Hours)

CPE Credit: 2 Hours

Price: $159.00

NASBA Field of Study: Accounting

 

Overview

FASB’s recent major changes will have a huge impact on business in many important areas. This self-study webinar from our SEC Conference will update you on what these changes are and show you the most effective ways to handle them.
 

AGENDA HIGHLIGHTS


•  FASB Process & Key Projects
   – Pre-Agenda
   – Initial deliberations
   – Exposure draft
   – Redeliberations
   – Final standards

•  New Effective Guidance
   – Recognition and measurement of revenue contracts with customers in a business combination
   – Supplier finance programs
   – Liabilities

•  FASB's Future
   – Segment reporting
   – Joint venture (JV) formations
   – Improvements to income tax disclosures
   – Accounting and disclosure of crypto assets
   – Disaggregation
   – Accounting and disclosure of software costs

 

LEARNING OBJECTIVE  To update public company accountants and other financial professionals on the FASB's latest rule changes
and the status of current and upcoming projects and proposals.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.   NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Self-Study.

Speakers

SPEAKER


Bobbi Gwinn, Director, Professional Practice, Accounting, BDO

Detailed Learning Objectives

• Recognize the accounting treatment clarifications to equity securities’ contractual sales restrictions in ASU 2022-03

• Identify the treatment of troubled debt restructuring under the CECL model provided for in ASU 2022-02

• Identify the changes to hedge accounting found in ASU 2022-01

• Recognize the change to lessor accounting for variable lease payments under ASU 2021-05

• Recognize the change to lessee accounting under ASU 2021-09 when using the risk-free rate election

• Recognize the mandatory disclosures regarding government assistance transactions under ASU 2021-10

• Identify the changes made by ASU 2021-02 regarding the amount and timing of initial franchise fees under Topic 606

• Recognize the options provided to private companies and NFPs under ASU 2021-03 when testing for goodwill impairment