SIMULCAST: Accounting Standards Review for Controllers and Finance Professionals (17W006-16)
Description
Get a comprehensive review of current accounting standards that impact
practitioners in industry. Recent auditing pronouncements and related
developments which affect CPAs in industry will be addressed. While the
course will review many of the major pronouncements of the past ten
years, coverage and emphasis will be customized to the interests of the
participants. Choose the topics to be covered in this seminar based on
your interests.
Learning Objectives
Recognize the reporting options provided by FASB and AICPA for
non-public companies
Learn how FASB & IASB’s convergence agenda is
reshaping revenue recognition, lease accounting, and financial
instrument reporting
Receive an update on recent trends in fraud
reporting and internal control
Obtain a broad-based understanding of a
wide range of accounting issues that affect practitioners in industry,
both today and in the coming 12 months
Understand how SEC, AcSEC,
EITF, ASB, and IASB are adapting to demands for different, more timely,
and accurate financial information
Major Topics
Overview of accounting standard setting
Update on private company reporting
Revenue recognition, transitioning to the new standard
Lease accounting
Financial instrument accounting
Fair value accounting: SFAS 157 and its evolution
A practical guide to impairment
Contingencies and subsequent events
Principles-based accounting
Fraud
Internal control reporting in public and non-public entities
