Objective
- Understand and apply the FASB’s new revenue recognition standard, Topic 606
- Review the FASB’s new lease accounting guidance, ASU No. 2016-02
- Recall the financial statement impact of other recent accounting standards updates
- Comprehend the operational impact of recent and proposed accounting standards
Highlights
- Accounting and operational impacts of adopting Topic 606
- Accounting and operational impacts of adopting ASU No. 2016-02
- Accounting for the added income statement volatility resulting from recent FASB ASUs on financial instruments and stock-based compensation
- Business impact on both large and small companies of applying the FASB’s recent guidance on consolidations
- The accounting, business, and operational impact of other new or proposed ASUs
- Emerging issues impacting the accounting profession
Designed For
Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and reviewPrerequisite
Experience in financial accounting and reportingAdvanced Preparation
None