To familiarize participants with the accounting and reporting requirements of recent pronouncements. This webinar reviews the current activities of the standard setters and the expected impact on current and future accounting and reporting.

• Accounting Standards
• Impairment Testing
• Leases
• Convertible Instruments & Debt
• Joint Venture Formation
• Accounting for Income Taxes
• SEC Items
• Nonpublic Company Issues
• Crypto Assets
• Segment Reporting
• Proposed Standards Update
  – Business combinations
  – Accounting for internal software
  – Induced conversion of debt
  – Interim reporting
• FASB Projects
• Non-GAAP Measures
• Climate Change Accounting & Disclosure Proposals
• Special Purpose Acquisition Companies (SPACs)
• Current SEC Issues
• SEC Rule on Disclosures of Cybersecurity Risks

To familiarize participants with the accounting and reporting requirements of recent pronouncements. This self-study webinar reviews the current activities of the standard setters and the expected impact on current and future accounting and reporting.

DETAILED LEARNING OBJECTIVES

• Identify the effective date of specified ASUs

• Recognize the effective date for accounting standards issued in 2023 for joint venture formation

• Identify the relationship between discount rates and fair value

• Recognize the practical expedient options offered in ASU 2023-01

• Identify the codification improvements to credit losses under ASU 2019-04 and ASU 2019-11

• Identify the result of ASU 2020-06 on separation models used to account for convertible debt instruments

• Identify the discount rate election available to lessees under ASU 2021-09

• Recognize the disclosure requirements under ASU 2023-06

• Recognize the effect of ASU 2019-02 on accounting for costs of film and license agreements for program materials

• Identify the mandatory disclosure requirements applicable to supplier finance programs under ASU 2022-04

• Identify mandatory disclosures for contributed nonfinancial assets applicable to NFPs under ASU 2020-07

• Identify SEC guidance and prohibitions regarding non-GAAP measures

• Recognize the elements of the SEC’s proposed climate rule

• Identify the restrictions on the use of the lease standard’s package of practical expedients 

• Identify the characteristics of a financing lease

• Identify how a lessee’s finance lease payments are shown in income statements and statement of cash flows

• Recognize the accounting implications of a lease modification that does not result in a separate new lease

• Recognize specified characteristics of a SPAC

• Identify SEC concerns with accounting for SPACs 

• Accounting Standards
• Impairment Testing
• Leases
• Convertible Instruments & Debt
• Joint Venture Formation
• Accounting for Income Taxes
• SEC Items
• Nonpublic Company Issues
• Crypto Assets
• Segment Reporting
• Proposed Standards Update
  – Business combinations
  – Accounting for internal software
  – Induced conversion of debt
  – Interim reporting
• FASB Projects
• Non-GAAP Measures
• Climate Change Accounting & Disclosure Proposals
• Special Purpose Acquisition Companies (SPACs)
• Current SEC Issues
• SEC Rule on Disclosures of Cybersecurity Risks