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, including the impact of COVID-19
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
Understanding the impact of COVID-19 on accounting and financial reporting
The impact of the new revenue recognition, financial instruments, and lease accounting rules as it relates to entities, not in specialized industries such as financial institutions and insurance
How looming changes in long-term debt classification rules could impact your disclosures, including going concern uncertainty disclosures
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
4.0
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
