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:
-
Accounting Standards
- ASUs Effective in 2021 &
Beyond
- Goodwill (Topic 350)
- Leases (Topic 842)
- Current Expected Credit
Losses (Topic 326)
- Reference Rate Reform—
LIBOR Transition (Topic 815)
- Investments (Topic 321)
- Equity Transactions (Topic 260)
- Convertible Instruments & Debt
(Subtopic 470-20)
- Business Combinations &
Collaborative Agreements
(Topic 805)
- Government Assistance
(Topic 832)
- Accounting for Income Taxes
(Topic 740)
- Hedge Accounting (Topic 815)
- Insurance Contracts (Topic
944)
- Benefits Plans (Subtopic
715-20)
- Variable Interest Entities (Topic
810)
- Codification Improvements
- SEC Items (Topic 470)
- Non-Public Company Issues
(Topic 606)
- Cloud Computing (Subtopic
350-40)
- Movie & Television Issues
(Subtopic 926-20)
- Not-for-Profit Entities (Topic
805) -
Proposed Accounting Standards Update
- Interim reporting
- FV measurement of equity
securities
- Supplier finance programs
- Deferral of sunset date -
Proposed ASUs Cancelled
- Simplifying the classification of
debt - FASB Projects
- Financial Reporting—Chapter 8 Notes to Financial Statements
-
Non-GAAP Measures
- Requirements
- Studies
- IPOs
- SEC comments and prohibitions
- Center for Audit Quality (CAQ)
guidance
- SEC Chief Accountant
comments - Business vs. Asset Acquisition
- Accounting for an Acquisition
-
Goodwill & Intangible Asset Impairment Testing
- Reporting units
- Indefinite-lived tangibles -
Current Expected Credit Losses
- ASC 326 significant changes
- CECL model
- Off balance sheet credit
exposures
- Financial guarantees
- Transition for securities with
prior OTTI
- Key definitions
- New standard -
Accounting for a Debt Restructuring That is Not a TRD
- Test extinguishment or
modification
- Cash flows
- Change in principal -
Climate Change Accounting & Disclosure Proposals
- Creation of the ISSB
- SEC’s proposed climate rule -
Leases
- Lease Capitalization Process
- Accounting for Leases (ASC
842)
- Best Lease Practices -
Stock-Based Compensation & Disclosure Proposals
- The SEC’s “Cheap-Stock” Issue - Special Purpose Acquisition Companies (SPACs)
-
Auditing Update
- Statements on auditing
standards
- Auditor lease issues -
SEC Update
- Proposal on disclosure
cybersecurity risks
- Miscellaneous SEC proposed
rules