If you’re looking for an update on critical GAAP topics, this is the webinar for you. This self-study webinar will refresh the accountant’s knowledge of key pronouncements and cover an array of GAAP issues including:
- Contingencies and uncertainties
- Goodwill impairment
- Accounting for interest
- The impact of COVID-19
To provide financial professionals with a survey of key topics in US GAAP. You’ll explore the rules for subsequent events, fair value, going concerns and more.
- Goodwill impairment, including special treatments and exceptions
- Accounting for interest
- Contingencies, uncertainties, guarantees and use of "more likely than not"
- Fair value and Other-Than-Temporary Impairment (OTTI)
- R&D and advertising
- Nonmonetary transactions
- Subsequent events
- Going concerns and the liquidation basis of accounting
- Accounting for deferred taxes, including changes from the FASB Simplification Initiative
- The impact of COVID-19
• Identify the Investor Advisory Committee (IAC) proposals for reforming the accounting standard setting process at the FASB
• Recognize current FASB priority projects
• Identify the methodology used by the PCC
• Identify the characteristics of the FASB’s codification improvements
• Identify the required disclosures relating to an entity’s risks and uncertainties
• Recognize the circumstances requiring an entity to disclose vulnerability due to certain business concentrations
• Recognize the required disclosures of a guarantor
• Recognize potential metrics for valuation of a guarantee
• Identify the accounting treatment of acquired fixed assets within research and development costs
• Identify general characteristics of research and development costs
• Identify the post-acquisition treatment of capitalized research and development costs acquired in a business combination
• Identify the basis for the accounting treatment of nonmonetary transactions
• Recognize the circumstances under which there is gain/loss recognition on an exchange of nonmonetary assets
• Recognize the entity now responsible for assessing a company’s ability to continue as a going concern
• Recognize the threshold for substantial doubt in assessing an entity’s ability to continue as a going concern
• Recognize the circumstances under which interest is capitalized
• Recognize the capitalization period of interest
• Recognize the frequency in which goodwill is tested for impairment
• Recognize the steps in goodwill impairment testing
• Identify the triggers for goodwill impairment testing
• Identify the role of qualitative assessments in goodwill impairment testing
• Identify private company options for goodwill impairment testing
• Identify the approach to calculating deferred taxes under ASC 740
• Recognize the events creating a deferred tax asset
• Identify the events creating a deferred tax liability
• Identify the role of a valuation allowance in accounting for deferred taxes
• Identify the result of goodwill impairment on deferred taxes
• Recognize the threshold for corporations to use the cash method of accounting under the TCJA
• Recognize the assumption used when determining fair value
• Recognize acceptable valuation techniques identified in ASC 820
Identify the valuation approach that uses prices and information from identical or comparable assets or liabilities
Identify the applicability of the fair value option