GAAP Update Webinar

To provide CPAs and other finance professionals with a comprehensive and practical update on newly issued and emerging accounting standards, SEC developments, and regulatory initiatives, enabling participants to apply current GAAP correctly, anticipate upcoming changes, and enhance financial reporting quality and compliance.

• Accounting standards
  – Impairment testing
  – Revenue recognition
  – Profit interest awards
  – Leases
  – Capitalization of internal-use software
  – Government grants
  – Variable interest entities
  – Equity transactions
  – Business combinations
  – Joint venture formation
  – Derivatives and hedging
  – Accounting for income taxes
  – SEC items
  – Fair value measurement of restricted stock
  – Proportional amortization of income tax credits
  – Crypto assets
  – Segment reporting
  – Disaggregation of income statement expenses
  – Credit losses
  – Interim reporting
  – Codification improvements
  – Concept statements
• Proposed standards update
• FASB projects
• Non-GAAP measures
• Climate change accounting and disclosure proposals
• Current SEC issues
  – Personnel changes
  – PCAOB under attack
  – Miscellaneous proposed rules

To provide CPAs and other finance professionals with a comprehensive and practical update on newly issued and emerging accounting standards, SEC developments, and regulatory initiatives, enabling participants to apply current GAAP correctly, anticipate upcoming changes, and enhance financial reporting quality and compliance.

DETAILED LEARNING OBJECTIVES

• Identify effective dates and applicability of recent Accounting Standards Updates

• Recognize accounting and disclosure requirements for joint venture formations

• Identify factors affecting fair value measurements and impairment calculations

• Identify the purpose and scope of recent impairment guidance updates

• Recognize eligibility for practical expedients under lease accounting guidance

• Identify effective dates and transition requirements for lease-related Accounting Standards Updates

• Recognize accounting requirements for safeguarding crypto assets

• Identify criteria for equity classification of contracts indexed to an entity’s own stock

• Identify the purpose of disclosure improvements incorporated into the Codification

• Recognize disclosure requirements related to income taxes paid and rate reconciliations

• Identify objectives of improvements to income tax disclosure guidance

• Recognize presentation requirements for income tax rate reconciliation disclosures

• Identify accounting requirements for investments qualifying for the proportional amortization method

• Recognize eligibility criteria for applying proportional amortization accounting

• Identify the objective of guidance related to induced conversions of convertible debt

• Recognize accounting treatment for additional consideration in induced conversions

• Identify requirements for qualifying induced conversion transactions

• Recognize conditions for recognizing government grants

• Identify the purpose and role of the FASB conceptual framework

• Recognize the authoritative status of FASB Concepts Statements

• Identify disclosure requirements related to non-GAAP financial measures

• Recognize presentation requirements for pro forma financial information

• Identify SEC disclosure requirements for cybersecurity incidents

• Recognize disclosure requirements related to commitments and contingencies

• Identify accounting considerations for determining the accounting acquirer

• Recognize amortization requirements for leasehold improvements under common control arrangements

• Identify disclosure requirements for interim financial reporting

• Recognize accounting requirements for profits interest awards

• Identify disclosure requirements for disaggregated income statement expenses

• Recognize scope exception criteria for derivative accounting involving customer-related variables

• Accounting standards
  – Impairment testing
  – Revenue recognition
  – Profit interest awards
  – Leases
  – Capitalization of internal-use software
  – Government grants
  – Variable interest entities
  – Equity transactions
  – Business combinations
  – Joint venture formation
  – Derivatives and hedging
  – Accounting for income taxes
  – SEC items
  – Fair value measurement of restricted stock
  – Proportional amortization of income tax credits
  – Crypto assets
  – Segment reporting
  – Disaggregation of income statement expenses
  – Credit losses
  – Interim reporting
  – Codification improvements
  – Concept statements
• Proposed standards update
• FASB projects
• Non-GAAP measures
• Climate change accounting and disclosure proposals
• Current SEC issues
  – Personnel changes
  – PCAOB under attack
  – Miscellaneous proposed rules