Surgent's FASB Update for Small and Medium-Sized Businesses: A Practical Implementation Guide (Self-Study)

Code: JSDLFAUR

Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 8.0
Field(s)
of study
Accounting - Technical (8.0)
Fees
Standard member fee $125.00
checkmarkStandard nonmember fee $125.00

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Description

Recently updated to include discussion of new FASB standards on revenue, leases, and measurement of financial instruments, this course is designed for small and medium-sized business practitioners and their staff, whether in public accounting or business and industry, and will provide you with a comprehensive review of recent FASB accounting and reporting matters most relevant to smaller companies including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASB's current technical agenda; Revenue Recognition; Lease Accounting; and new ASUs dealing with financial instruments. Plus, the course will discuss such hot topics as cyber-security and enterprise risk management. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients.

Who should take this program?

Small and medium-sized 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 review

Major subjects

  • Private company standard setting activities
  • FASB Accounting Standards Updates (ASUs) relevant to smaller businesses
  • Revenue recognition implementation guidance
  • Lease accounting implementation guidance
  • Overview of recent FASB Updates on financial instruments
  • Other important practice matters to practitioners who serve small and medium-size businesses, including cybersecurity and technology trends

Learning objective(s)

  • Be familiar with recent private company standard setting activities
  • Review recently issued FASB Accounting Standards Updates as they relate to small and medium-sized businesses
  • Understand the impact of implementing FASB's new revenue recognition standard
  • Review the FASB's recently issued lease accounting standard
  • Understand the changes coming with the FASB's new financial instruments standards
  • Be aware of other important practice matters
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Notes:

Course code Code JSDLFAUR
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. Experience in financial accounting and reporting
Advance
prep
None