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Current Hot Topics in Accounting and Financial Reporting for 2022 (LIAA03/23)

Event Description

This course provides a practical overview of the most important issues facing most companies and 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.

Designed For

Public and industry accountants at all levels interested in remaining current on accounting and financial reporting requirements

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 Subjects

  • The latest FASB standard-setting activity, including significant projects on the horizon
  • Understanding impact of changing lease accounting
  • How looming 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