FASB Hot Topics Self-Study Webinar (11 Hours)


Some FASB pronouncements remain burning issues for years while others fade quietly into obscurity. This self-study webinar focuses on topics that are “top-of-mind” at FASB, whether new issuances or older pronouncements for which accountants require continuing guidance. You will:

  • Explore the rules for business combination, consolidation and valuation methodologies
  • Examine the accounting, reporting and tax implications of employee compensation plans
  • Understand the consolidation requirements for variable interest entities
  • Get an update on recent leasing guidance
  • Learn about the impact of COVID-19

To provide accountants with a thorough treatment of the most important issues currently on FASB’s plate. You’ll gain a solid understanding of topics receiving significant attention, including leases, stock-based and other employee compensation plans, and business combinations and consolidations.

  • Business combinations (ASC 805)
    – Consolidations
    – Clarifying the definition of a business
    – Push down accounting
    – Fair value and FAS 141R
    – Variable interest entities and control (ASC 810)
    – Interests by related parties under common control
    – Intangibles, goodwill and impairment testing, including special treatment for nonpubic entities
    – Equity method, including recent FASB changes
  • Share-based payment plans and other employee benefit plans
    – Overview and objectives
    – Valuation methodologies
    – Tax implications
    – Disclosure requirements
  • Lease accounting—summary and adoption of new guidance
    – Comparison of old and new standards
    – Lessee vs. lessor treatments
  • FASB Simplification Initiative
  • The impact of COVID-19

• Identify the IAC proposals for reforming the accounting standard setting process

• Recognize current FASB priority projects

• Recognize the role of the Private Company Council is developing GAAP

• Recognize the future role of the FASB’s codification improvements

• Identify the extent to which the SEC is perceived to have authority over the accounting and reporting of crypto assets

• Identify the primary rules of the FASB’s proposal for accounting for crypto assets

• Recognize the points of emphasis found within the FASB’s proposal for improvements to segment reporting

• Recognize the provisions found within the FASB’s proposal for enhanced income tax disclosures

• Identify what types of cost would be required to be disaggregated under the FASB’s income statement disaggregation project

• Identify transactions qualifying for treatment as a business combination

• Identify the scope of Topic (Topic 805)

• Recognize the parameters of a business combination measurement period

• Recognize the threshold for recognition of a contingency in a business combination

• Identify the disclosure requirements of a business combination

• Identify the basis for recognition of a gain or loss on the deconsolidation of a subsidiary

• Recognize the accounting treatment of a change in the parent’s ownership interest in a subsidiary where control is maintained

• Recognize the required elements of a business under the definition found in the codification

• Identify the options for the recognition of intangibles separate from goodwill in a business combination

• Recognize the implications of accounting for goodwill impairments under ASU 2017-04

• Identify the share-based compensation arrangements falling within the scope of FAS123R

• Identify the option pricing model used most often to value stock-based compensation

• Recognize the date on which the fair value of stock-based compensation is measured


Basic knowledge of financial accounting and reporting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: