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Surgent’s Performing Research – FASB Codification (Audit Skills Training – Level 4) (A5M5) (SSAA058/21)

Event Description

Accountants need to know how to effectively and efficiently research technical accounting and financial reporting issues for preparation and fair presentation of financial statements in accordance with generally accepted accounting principles.

Designed For

Accountants who need to research technical accounting and financial reporting issues for preparation and fair presentation of financial statements in accordance with generally accepted accounting principles

Objectives

  • Discuss why the FASB Codification was formed, and how it is applied in current financial reporting
  • Describe the structure and features, including both free and professional views
  • Explain how to effectively and efficiently approach performing research on technical issues using the Codification

 

Major Subjects

  • Structure of the Codification
  • Editorial style and standards used to ease research and understanding of the accounting and financial reporting requirements
  • Features available in the basic and professional views to make research easier
  • Practice exercises using the Codification to research technical issues

Prerequisites

Experience on basic audit engagements

Instructions

None