New FASB Developments

Author: Pat Patterson

CPE Credit:  2 hours for CPAs

The presentation will assist you in obtaining a reasonable and high-level understanding of financial reporting issues. Examples, descriptions, and practical implementation solutions will be used to assist the professional in gaining an understanding of the problems and issues facing them with important, complicated, and new pronouncements for the future.

Publication Date: December 2019

Designed For
Professionals in corporate management and public accounting who need a review of new and recent FASB pronouncements.

Topics Covered

  • Recent accounting standards from the FASB
  • Comparability in International Accounting Standards —A Brief History
  • From the Chairman's Desk: By Russell G. Golden, FASB Chairman
  • For the Investor: By Gary Buesser, FASB Member
  • Hedging: Last‐of‐layer Method
  • New Standards ‐ Delays
  • Outreach with Stakeholders
  • Transition Resource Group
  • Technical Inquiries
  • Non‐GAAP Issues
  • Reference Rate Reform
  • Comparability in International Accounting Standards
  • Selected remarks of FASB Chairman Russell G. Golden; 18th Annual Financial Reporting Conference

Learning Objectives

  • Recognize and apply accounting standards
  • Describe recent accounting standards from the FASB
  • Recognize FASB's agendas and how the apply
  • Identify and apply the PCC's agendas
  • Describe the time period of FASB implementations
  • Describe reference rate reform
  • Identify the new effective date for a calendar-year SEC filer with respect to the new insurance standard
  • Identify examples of a non-GAAP measure
  • Identify the new adoption date of the CECL standard for private calendar-year end filers

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
Experience in accounting and application of financial reporting standards.

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $59.00

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