GAAP Update Self-Study Webinar
Overview
This self-study webinar is designed for the accountant who wants to keep abreast of the latest rules and regulations affecting financial accounting and reporting. In addition to getting a complete review of key new pronouncements, you will:
- Discover how the latest pronouncements affect your company or clients
- Benefit from an analysis of new and emerging developments
- Get a sneak preview of where the standard setters are heading
Objective
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
Emphasis
- 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
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