U.S. GAAP: Review of New Guidance & Hot Topics
Presenter
Bruce Shepard,
Independent Consultant,
AICPA
Overview
True to its name, this course offers a review of new guidance and hot topics in accounting. The new guidance portion covers a range of topics, including pronouncements, exposure drafts, and other guidance recently issued by FASB. Concurrently, the course addresses hot topics, tackling major updates to accounting standards such as revenue recognition, credit losses and leases, as well as key topics like fair value measurement.
Learning Objectives:
- Identify select FASB accounting and reporting guidance.
- Recognize key requirements from FASB ASC 606, Revenue from Contracts with Customers.
- Recognize key requirements from FASB ASC 842, Leases.
Topics Discussed:
- Financial accounting and reporting topics impacted by guidance recently issued or effective in the near term (such as leases and revenue recognition)
- Review of significant accounting and reporting topics
- Overview of FASB ASC 606
- Overview of FASB ASC 842
