Top Accounting and Auditing Issues for 2018 CPE Course: Module 1 (Currently Unavailable)

Author: Pat Patterson

This six CPE hour course reviews top accounting issues: the Impact of Lease Changes: ASU 2016-02, the Impact of Revenue Recognition Changes: ASU 2014-09, and Non-Profit Entity Financial Statements.

Publication Date: October 2017

Designed For
CPAs, Tax Professionals

Topics Covered

• Accounting
• ASU 2016-02
• ASU 2014-09
• Non-Profit entity financial statements

Learning Objectives

• Identify the FASB pronouncements that may impact entities with leases or that expect to have or issue leases
• Evaluate the new Accounting Standards Codifications issued as ASU 2016-02 and other updates
• Identify five major changes affecting leases
• Outline a step-by-step process for conducting a lease project
• Determine the effect of selected accounting standards (ASCs and ASUs) relating to revenue recognition
• Identify the recently issued new FASB "Big 3 Project" issue of revenue recognition (ASU 2014-09)
• Differentiate among standards and recognize how their application will impact practically every professional accountant who deals with revenue recognition and accounting issues
• Recognize effective dates and the deferral of effective dates
• Describe the disclosure requirements for revenue recognition and other related matters
• Summarize key economic indicators relevant to NFPs
• Identify professional financial standards that impact NFPs
• Describe how updates on GAAP and other issues affect NFPs

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (6 hours)

Program Prerequisites
Basic knowledge of accounting principles

Advance Preparation
None