Accounting and Reporting Update: Latest Developments from FASB and EITF

$219.00

SKU: 410576

Description

Review newly implemented and recently issued FASB pronouncements for 2023.
As the accounting landscape continues to progress, it is important for accountants and CPAs to understand the potential impacts on their processes, policies, and required disclosures, as well as the public accountants considerations for auditing these new topics. These topics will also include a review of the takeaways from revenue recognition, financial instruments, and lease implementations for small companies and a brief discussion on what may be around the corner with newly proposed accounting standard updates. This presentation will help identify and recognize relevant and critical new topics and accounting regulations.

Date: 2023-06-21 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to identify the relevant accounting updates issued for your organization.

* You will be able to discuss more meaningful disclosures for your stakeholders related to new accounting standard pronouncements.

* You will be able to review items currently in discussion for accounting changes in the near future.

* You will be able to explain the necessary improvements to project plan for accounting impacts.

Overview of Topics

Reference Rate Reform
• Overview of Impact on Liabilities
• Deferral of Sunset Issued in 2022

Financial Instruments
• Credit Losses • Topic 326
• Insurance Updates • Topic 944
• Fair Value • Hedging and Measurement • Topics 815 and 820

Other Updates for 2022• 2023
• Leases • Common Control Arrangements
• Liabilities • Supplier Finance Programs
• Investments • Equity Method and Joint Ventures

Refresher on and Learnings From Pervasive New Accounting Standards
• Leases
• Revenue Recognition
• Disclosures

What’s Around the Corner – Proposed Accounting Standards Not Finalized
• Crypto Assets
• Income Tax Disclosures
• EITF Discussions

Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Genevieve Hancock-G Hancock Advisory, LLC