Maryland Association of CPAs – Practical Annual Accounting Updates for Industry (Virtual)
Description
This course provides a practical overview of the most important issues facing most companies and their accountants. The focus is on explaining the basis behind major accounting and financial reporting issues and trends in plain language, enabling professionals to understand the most important aspects of relevant generally accepted accounting principles, and why any planned or potential changes are coming down the pike.
Learning Objectives
Describe “hot topics” in accounting and financial reporting
Explain the major implementation considerations for transitioning to new accounting standards
Discuss practical examples of implementing changing technical, professional and relevant regulatory requirements
Major Topics
The latest FASB standard-setting activity, including significant projects on the horizon
Anticipated effects of implementing the new revenue recognition model
Understanding impact of changing lease accounting
The impact of new financial instruments accounting rules as it relates to entities not in specialized industries such as financial institutions and insurance
How changes in long-term debt classification rules could impact your disclosures, including going concern uncertainty disclosures
When and why you should implement the private company GAAP alternatives, including FRF for SMEs
Other accounting and financial reporting matters that should be on your radar
Provider
Business Learning Institute
Course Level
Update
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
8.0
Who Should Attend
Public and industry accountants at all levels interested in remaining current on accounting and financial reporting requirements
Instructor(s)
Jennifer Louis
Prerequisites
Knowledge of currently effective generally accepted accounting principles
