Accounting & Auditing Update: A Complete Review of Key New Pronouncements Webinar

To provide accounting and finance professionals with a practical understanding of recently issued FASB Accounting Standards Updates and emerging accounting developments so they can effectively implement new guidance and maintain compliance with current financial reporting requirements.

Significant accounting developments and recently issued FASB standards affecting financial reporting, including:

• Environmental credits and environmental credit obligations (ASU 2026-02)

• Paid-in-kind dividends on preferred stock (ASU 2026-01)

• Codification improvements and SEC accounting updates (ASU 2025-12 and ASU 2025-02)

• Interim reporting improvements (ASU 2025-11)

• Government grant accounting for business entities (ASU 2025-10)

• Hedge accounting and derivatives developments (ASU 2025-09 and ASU 2025-07)

• Purchased loans and credit loss accounting (ASU 2025-08 and ASU 2025-05)

• Internal-use software accounting (ASU 2025-06)

• Expense disaggregation, income tax disclosures, and convertible debt developments (ASU 2025-01, ASU 2024-03, ASU 2023-09, and ASU 2024-04)

To equip CPAs and other finance professionals with a practical understanding of the latest accounting, auditing, and SEC developments so they can apply new standards confidently and maintain compliance in financial reporting.

DETAILED LEARNING OBJECTIVES

• Identify the proper order of impairment testing for long-lived assets and goodwill

• Recognize the criteria used to determine whether an asset is impaired

• Identify how impairment losses are measured and recognized

• Recognize the reporting unit level at which goodwill impairment testing is performed

• Identify key financial reporting implications of asset impairment

• Identify the accounting treatment for share-based and noncash consideration received from customers

• Recognize the impact of recent Accounting Standards Updates on revenue recognition and derivative scope exceptions

• Identify when revenue should be recognized based on satisfaction of performance obligations

• Recognize the proper accounting treatment for forfeitures related to customer consideration

• Identify the accounting guidance governing revenue recognition under ASC 606

• Recognize the distinguishing characteristics of profits interest awards

• Identify when profits interest awards should be accounted for under share-based compensation guidance

• Recognize the financial reporting implications of equity-based compensation arrangements

• Identify the accounting treatment and classification of profits interest awards

• Recognize how profits interest awards affect financial reporting and compensation expense

• Identify when capitalization of internal-use software costs should begin

• Recognize the impact of recent guidance on software capitalization requirements

• Distinguish between capitalizable software costs and costs that must be expensed

• Identify the financial statement classification of capitalized software costs

• Recognize when capitalization should cease and impairment should be considered

• Identify how stock issuance and repurchase transactions affect equity

• Recognize the financial reporting impact of treasury stock transactions

• Identify the effect of equity transactions on assets and shareholders’ equity

• Recognize which financial statement elements are affected by equity transactions

• Identify the role of equity in representing ownership interests

• Recognize the purpose and objectives of hedge accounting

• Identify the measurement basis for hedging instruments

• Recognize how hedge accounting aligns recognition of gains and losses

• Identify the characteristics and purpose of derivative instruments

• Recognize the financial reporting benefits of hedge accounting

• Identify entities subject to SEC reporting requirements

• Recognize the purpose of SEC Staff Accounting Bulletins

• Identify the role of SEC disclosures in improving transparency

• Recognize the SEC’s role in financial reporting oversight

• Identify common SEC filing requirements

• Recognize the purpose of the proportional amortization method

• Identify how tax credit benefits affect income tax expense

• Recognize how tax credit investment costs are amortized

• Identify investments eligible for proportional amortization accounting

• Recognize the financial reporting objective of proportional amortization

• Identify the purpose and objectives of segment reporting

• Recognize how operating segments are determined

• Identify how segment reporting assists financial statement users

• Recognize required segment disclosure information

• Identify the role of the chief operating decision maker in segment reporting

• Identify the purpose and timing of interim financial reporting

• Recognize accounting principles applicable to interim financial statements

• Identify the benefits of interim reporting

• Recognize common interim reporting periods

• Identify how interim reporting improves financial information timeliness

• Recognize the role of the FASB in establishing accounting standards

• Identify the purpose of stakeholder outreach in standard setting

• Recognize the purpose and function of Accounting Standards Updates

• Identify the objectives of FASB standard-setting activities

• Recognize the role of GAAP in financial reporting

• Accounting standards:
  – Impairment testing in general
  – 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 updates to accounting standards
• FASB projects
• Non-GAAP measures
• Auditing update