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:
- Proposed Accounting Standards Update
-
ASUs Effective in 2021 & Beyond
– 2021-01: Reference Rate
Reform
– 2021-02: Franchisors Revenue
from Contracts with Customers
– 2021-03: Accounting Alterna-
tives for Evaluating Goodwill
Triggering Events
– 2021-04: Issuer's Accounting
for Modifications of Written
Equity Call Options
– 2021-05: Leases—Variable
Lease Payments - Proposed ASUs Cancelled
-
Non-GAAP Measures
– IPOs
– SEC requirements, prohibi-
tions and comments
– Center for Audit Quality (CAQ)
guidance -
Leases
– Lease Capitalization Process
– Review of Topic 842: Account-
ing for Leases
– Best lease practices - Special Purpose Acquisition Companies (SPACs)
-
Auditing Updates
– PCAOB issues
– Statements on Audit-
ing Standards
– Auditor lease issues - COVID-19 Reporting Issues
