We will walk through the updates to US GAAP impacting the 2021 calendar year end reporting period This session will be unique as we look sequentially at the accounting standard updates versus a topical approach. We will walk through pronouncements issued over the past few years, which will now have an impact on reporting, this comprehensive discussion will ensure you are alert to changes that could impact your reporting. Discussion will be given to existing standards originating from the FASB’s Private Company Council and how these can streamline reporting requirements. Finally, COVID related impacts to reporting will be discussed with a focus on how the accountant can best integrate these changes.
Who Should AttendAnyone with financial reporting responsibilities and those in public accounting serving clients who utilize US GAAP.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program PrerequisitesBasic understanding of GAAP.