Accounting & Auditing Update: A Complete Review of Key New Pronouncements Webinar

Overview: 

Are you looking for a comprehensive update on the most recent changes to US financial reporting? This continually updated webinar will bring you up to date on the latest FASB pronouncements, and answer all of your questions about:

  • Applying the latest rules to your company’s financial statements
  • Implementing recent FASB updates
  • Anticipating future developments
  • Lease accounting
  • SPACs
  • Auditing updates
  • Identifying COVID-19 issues
Objective: 

To update financial professionals on the latest developments in financial reporting from the FASB. You’ll learn how to apply all the most recent pronouncements effectively and efficiently, and get an overview of the latest SASs and other current auditing issues.

Emphasis: 
  • Accounting Standards
    - ASUs Effective in 2021 &
      Beyond
      - Topic 350:Goodwill
      - Topic 842: Leases
      - Topic 326: Current Expected
         Credit Losses

      - Topic 815: Reference Rate
         Reform—LIBOR Transition

      - Topic 321: Investments
      - Topic 260: Equity Transactions
      - Subtopic 470-20: Convertible
         Instruments & Debt

      - Topic 805: Business Combi-
         nations & Collaborative
         Agreements

      - Topic 832: Government
         Assistance

      - Topic 740: Accounting for
         Income Taxes

      - Topic 815: Hedge Accounting
      - Topic 944: Insurance Contracts
      - Subtopic 715-20: Benefits
         Plans

      - Topic 810: Variable Interest
         Entities

      - Codification Improvements
      - Topic 470: SEC Items
      - Topic 606: Non-Public
        Company Issues

      - Subtopic 350-40:
        Cloud Computing
      - Subtopic 926-20: Movie & TV
        Issues

      - Topic 805: Not-for-Profit
         Entities
  • Proposed Accounting Standards Update
    - Interim reporting
    - FV measurement of equity
      securities
    - Supplier finance programs
    - Deferral of sunset date
  • Proposed ASUs Cancelled
    - Simplifying the classification of
      debt
  • FASB Projects
  • Non-GAAP Measures
    - IPOs
    - SEC comments and prohibitions
    - Center for Audit Quality (CAQ)
      guidance
    - SEC Chief Accountant
      comments
  • Climate Change Accounting & Disclosure Proposals
    - Creation of the ISSB
    - SEC’s proposed climate rule
  • Leases
    - Lease Capitalization Process
  • Special Purpose Acquisition Companies (SPACs)
  • Auditing Update
    - Statements on auditing
       standards
    - Auditor lease issues
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
8.00
NASBA Field of Study: 
Accounting