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 such as lease accounting, financial instruments, revenue recognition, business combinations, and more. 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


•  Accounting Standard Updates
   – Fair Value Measurement
   – Financial Instruments—Credit Losses
   – Derivatives and Hedging
   – Government Assistance
   – Leases
   – Business Combinations
   – Stock Compensation
   – Presentation of Financial Services
   – Earnings per Share
   – Intangibles—Goodwill and Other
   – Franchisors—Revenue from Contracts with Customers
   – Reference Rate Reform

•  Select New Standards
   – Equity Securities
   – Financial Instruments—Credit Losses
      – Troubled Debt Restructuring and Vintage Disclosures
   – Fair Value Hedging
      – Portfolio Layered Method
   – Accounting for Contract Assets/Liabilities in a Business Combination
      – Contracts with Customers
   – Leases
      – Certain Leases with Variable Lease Payments
      – Nonpublic Business Entities
   – Government Assistance
   – Warrant Modifications
      – Exchanges of Freestanding Equity
   – Issuances of Equity-Classed Awards by Nonpublic Companies
      – Determining the Price of an Underlying Share
   – Revenue Recognition—Nonpublic Company Franchisors
      – Accounting for Intitial Franchise Fees
   – Goodwill Impairment
      – Evaluating Triggering Events

•  FASB Technical Agenda

•  Recently Issued Exposure Documents (EDs)
   – Proposed Accounting Standards Update
   – Invitation to Comment—Agenda Consultation

 

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