Accounting Update: A Complete Review of Key New Pronouncements Self-Study Webinar (5 Hours)


Are you looking for a high-level update on the most recent changes to US financial reporting? This self-study webinar will bring you up to date on the latest FASB pronouncements and will explain how to:

  • Apply the latest rules to your company’s financial statements
  • Implement recent FASB codification updates
  • Anticipate future developments

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. You’ll also gain an understanding of how the FASB’s convergence projects with the IASB impact new guidance. This self-study webinar will also provide a review of the latest SASs.

  • Overview of revenue recognition: recent interpretations
  • FASB Exposure Drafts, projects and proposals
  • Leases—adopting the New Standard
  • Financial instruments, credit losses, and extinguishment of debt
  • Financial statement presentation, including cash flows and comprehensive income
  • Business combinations and consolidations, including:
    – Push down accounting
    – Clarifying the definition of a business
  • Changes to impairment of goodwill and intangible assets with indefinite lives
  • FASB Simplification Initiative
    – Deferred tax, inventory measurement
    – Development stage entities, classification of debt on the balance sheet and more

Recognize the primary role of the Private Company Council

Identify common non-GAAP measures

Identify recent SEC guidance regarding non-GAAP measures

Recognize audit committee recommendations regarding the use of non-GAAP measurements suggested by the Center for Audit Quality

Identify the FASB’s latest changes to the amortization period for purchased callable debt securities held at a premium

Identify the FASB’s latest changes to capitalized implementation costs related to a hosting arrangement that is a service contract

Identify the characteristics of the proposed ASU regarding changes to the disclosure requirements for income taxes

Recognize the threshold for the cash method of accounting under the three-year average annual gross receipts test after the TCJA

Recognize the treatment of corporate NOLs under the TCJA

Identify recent simplification changes made to the accounting for goodwill impairments

Identify recent changes to the receipt of cash payments from insurance settlements

Identify recent changes in the presentation of restricted cash in the statement of cash flows

Recognize the overall goal of the most recent changes to revenue recognition

Recognize the effect of the recent changes to revenue recognition on financial statement disclosures

Identify the methodology under which the transaction price is allocated to the separate performance obligations in a revenue contract

Identify the overall result of the new lease guidance on a lessee’s balance sheet

Identify how the lessee’s lease payments are shown on the income statement under the recent lease guidance

Identify the classification of lease payments on a lessee’s statement of cash flows under the recent lease guidance

Recognize the accounting ramifications of the FASB’s clarification of the definition of a business

Recognize the broad accounting impact of the recent changes to accounting for credit losses




No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: