Overview:
New, more complex accounting issues and disclosures create challenges for today’s busy financial executives. In this two-day problem-solving webinar, you will:
- Gain real-world knowledge of the latest rule changes from the SEC, FASB and more
- Compare new and existing standards and determine how changes impact you
- Get prepared for future changes
- Identify COVID-19 issues
Objective:
This continually updated two-day webinar reviews new financial accounting and reporting requirements from the FASB, IASB, AICPA, SEC and other rulemakers. It examines the rulemakers’ current activities and thinking. It also shows you the expected impact and what you need to do to stay compliant.
Emphasis:
-
Proposed Accounting Standards Update
– Troubled debt restructuring and
vintage disclosures
– Fair value hedging—Portfolio
Layer Method
– Discount rate for lessees that
are not public entities
– Interim Reporting (Topic 270) - COVID-19 Reporting Issues
- SEC Update
- Ongoing FASB Projects
-
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
– 2021-06: Presentation of
Financial Statements
– 2021-07: Stock Compensation
for Private Companies
– 2021-08: Deferred Revenue in
a Business Combination
– 2021-09: Nonpublic Leases
Clarification
– 2021-10: Government Assis-
tance - Proposed ASUs Cancelled
-
Financial Reporting: Chapter 8 Notes to Financial Statements
– Update to conceptual frame-
work
– Suitable information and limi-
tations
– What should be reported
– Interim and annual financial
statements -
Non-GAAP Measures
– IPOs
– SEC requirements, prohibi-
tions and comments
– Center for Audit Quality (CAQ)
guidance - Business vs. Acquisition
- Accounting for an Asset Acquisition
- Goodwill & Inangible Asset Impairment Testing
- Current Expected Credit Losses (CECLs)
- Accounting for Troubled Debt Restructurings
- ASC 326-30: Impairment of AFS Debt (OTTI Model Superseded)
-
Leases
– Lease Capitalization Process
– Review of Topic 842: Account-
ing for Leases
– Best lease practices - Stock-Based Compensation
- Special Purpose Acquisition Companies (SPACs)
-
Auditing Updates
– PCAOB issues
– Statements on Audit-
ing Standards
– Auditor lease issues
