Revenue Recognition, Leases and Financial Instruments: FASB's Big Three New Standards
Space is available, but online registration has closed. Please call 952-831-2707 to register.
Tuesday, June 18, 2019
Minnesota Society of CPAs
1650 W 82nd St Ste 600
Bloomington, MN 55431-1458
Map & directions
Accounting - Technical (8.0)
American Institute of Certified Public Accountants
Standard member fee
Standard nonmember fee
to receive member fee.
It's time to stop procrastinating and address the tidal wave of changes coming your way. Examine the big three accounting and reporting areas that will have a major effect on all industries: revenue recognition, leases and financial instruments. Explore recent Financial Accounting Standards Board (FASB) activity on these topics and find out how they'll affect your practice or organization. Take part in hands-on activities and come away better equipped to confidently implement the new standards and guidance.
Who should take this program?
CPAs, accountants, controllers, financial professionals and staff in industry and public practice
FASB's new revenue recognition standard -- Accounting Standard Update (ASU) No. 2014-09 (Topic 606), Revenue from Contracts with Customers
Recent updates to revenue recognition
New five-step principles-based revenue recognition model
Revenue presentation, disclosures and implementation guidance
FASB's ASU on leases -- Topic 842
Overall lease accounting guidance
Lessee vs. lessor accounting
FASB ASUs related to financial instruments -- recognition and measurement, impairment and hedging
Understand and apply the FASB's new revenue recognition standard
Review the FASB's new lease accounting guidance
Be familiar with the FASB's new ASUs dealing with recognition and measurement, impairment and hedging
NASBA ID#: 139884
Experience in financial accounting and reporting recommended.