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US GAAP: Review for Business, & Industry, & Public Accounting

Description

Which FASB ASUs become effective in the next year and beyond? How should the new guidance be applied? This course helps to answer those questions by addressing GAAP financial accounting and reporting topics in conjunction with an overview of recent FASB pronouncements. Applicable to a broad cross section of accountants, this course is a must for both CPAs in public practice and management accountants in business and industry. Utilizing detailed descriptions and examples of how to implement the new standards, this course instructs you on how to assess new and recent FASB guidance having a major effect on all industries. It will allow you to gain an understanding of the latest pronouncements and how to develop implementation strategies. This course includes discussion of key FASB ASC topics relevant to those in public accounting practices, as well as business and industry, such as fair value, intangible assets including goodwill, financial instruments, and other investments, as well as credit losses.

Objective

* Recognize main aspects of FASB's development process for accounting standards and the FASB Accounting Standards Codification * Recognize recently issued accounting standards updates from FASB * Recognize FASB's technical agenda * Recognize accounting requirements under FASB ASC 606, Revenue from Contracts with Customers * Recognize accounting requirements for leases under FASB ASC 842, Leases * Recognize key requirements for accounting under FASB ASC 820, Fair Value Measurement * Recognize accounting and reporting requirements for intangible assets, including goodwill, and long-lived assets under FASB ASC 350, Intangibles: Goodwill and Other, and FASB ASC 360, Property, Plant and Equipment * Recognize accounting requirements for business combinations and consolidation under FASB ASC 805, Business Combinations, and FASB ASC 810, Consolidation * Recognize financial accounting and reporting requirements for investments accounted for under FASB ASC 320, Debt Securities, FASB ASC 321, Equity Securities, and FASB ASC 326, Financial Instruments: Credit Losses

Highlights

* The financial reporting environment * Summary of recent FASB releases * Financial accounting and reporting topics impacted by guidance recently-issued or effective in the near term (such as leases and revenue recognition) * Review of significant accounting and reporting topics

Who Should Attend

Accountants, controllers, auditors in public practice, internal auditors, and other management-level accounting personnel and educators

Required Knowledge

Experience in application of accounting standards

Advanced Prep

None

Event Speaker(s)

Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ), Mr. William Hunter Cook, CPA ( Charlotte, NC ),

Additional Event Information

Check-in for all in-person events begins one hour prior to event start time. Also, be sure to allow enough time for traffic, parking, and check-in. If you should arrive late or depart early, you must adjust your CPE credit accordingly.

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Event Vendor:The Association of International Certified Professional Accountants
Field of Study:Accounting
Level: Update

Event Type:Seminar
NASBA Instructional Method:Group Live
Event Code:A0047521

Registration Fees

Early Bird Rate expires October 8, 2021

RegistrationEarly BirdRegular
NCACPA Member$245.00$295.00
Non-Member$345.00$395.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.