Event Description

Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides an overview of recent accounting matters including private company standard setting activities; a review of ASU No. 2016-02, the FASB’s new lease accounting standard; hot topics related to ASC 606; and a review of ASC 326, the soon-to-be-effective guidance on credit losses.

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent accounting pronouncements and other standard setting activities

Objectives

Be aware of recent private company standard setting activities Review recently issued FASB Accounting Standards Updates Understand the new lease standard Recall hot topics related to applying ASC 606 Recall the basics of accounting for credit losses under ASC 326

Major Subjects

Private company standard setting activities FASB Accounting Standards Updates Revenue recognition Leases Credit losses

Prerequisites

Experience in financial reporting

Instructions

None