You might feel like you’re always a step behind the always-evolving accounting standards, but please don’t despair! You’ll catch up at this practical course, where you’ll obtain an overview of the current and forthcoming accounting and reporting issues that impact your job and your firm. Our instructor will walk you through recently implemented and proposed pronouncements, and will enable you to understand what is changing and why.
Course ID: PAUI
Practical Accounting Update for Industry
Learning Objectives
- Understand the latest guidance for practitioners
- Review case examples that apply the guidance to business contexts
- Anticipate future proposals and their potential impact on firms, practices, and the economy
Major Topics
- The latest Financial Accounting Standards Board (FASB) standards
- Significant FASB projects on the horizon
- New asset implementation, liability accrual, and revenue recogition practices
- Case based focus on selected industries
- Guidance and examples regarding financial disclosures
- Financial reporting for Small and Medium Sized Entities, and other specialized frameworks
Who Should Attend
CPAs in industry and public practiceg
Fields of Study
AccountingPrerequisites
Knowledge of current GAAP requirements recommended