GAAP Update Self-Study Webinar

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