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21WC-0045: GAAP Update (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Friday, April 16, 2021
10:30am - 6:00pm Central Time
8 CPE (8 technical)

Examine accounting principles using key pronouncements for nonpublic entities that became effective from 2018 to 2019, those coming in 2020 - 2021, and standards without specific effective dates.General requirements will be addressed, including which pronouncements apply, financial statement elements affected, calculations, and reporting, including classifications, characterization, and disclosures. Review additional items for 2020 - 2021 pronouncements, including required adoption, recognizing transitions, adoption alternatives, and required special disclosures.Pronouncements for SEC reporting entities will not be addressed.

Major subjects

  • Business combinations and consolidations
  • Intangibles
  • Reporting comprehensive ihncome
  • Derivatives and hedging
  • Fair value
  • Lease accounting
  • Accounting for financial instruments

Learning objective(s)

  • Identify and understand changes to significant topics and subtopics of the FASB Accounting Standards Codification (ASC) resulting from Accounting Standards Updates (ASUs) that became effective during calendar year 2018 or 2019 and those scheduled to become effective during calendar year 2020 or 2021.
  • Determine whether each ASU applies to financial statements the accountant is associated with and whether they are required to be adopted.
  • Understand how to make the transition from current standards to the requirements of each applicable ASU.
  • Identify which financial statements are affected by the change and which elements of financial reporting are affected.
  • Distinguish between ASUs that involve changing from one method of accounting to another from those that retain current methods but change one or more aspects of them.

Who should take this program?

CPAs, auditors, and financial professionals working with nonpublic entities.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $400.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $295.00
checkmark Standard Nonmember Fee $400.00

More program information

Instructor Mark Dauberman, CPA
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (8.0)
Level Update
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. Knowlege of GAAP and awareness of the FASB Accounting StandardsCodification.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.