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Event 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.

Designed For

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

 CPAs in public accounting and industry accountants

Objectives

  • Describe “hot topics” in accounting and financial reporting 
  • Explain the major implementation considerations for transitioning to new accounting standards
  • List the most important changes yet to become effective
  • 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 
  • The impact of the new revenue recognition and financial instruments 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