Overview:
Some FASB pronouncements remain burning issues for years while others fade quietly into obscurity. This continually updated 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
Objective:
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.
Emphasis:
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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 nonpublic 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