Join Lewis Fisher as he walks through the updates to US GAAP impacting the 2022 calendar year end reporting period. This course will be unique as we look sequentially at the accounting standard updates versus a topical approach. To ensure all recent pronouncements are captured, we will revisit standards issued in late 2021, to 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.
Publication Date: December 2022
Designed For
Anyone with financial reporting responsibilities and those in public accounting serving clients who utilize US GAAP.
Topics Covered
- Practitioner Matters
- Relevant Audit Updates Impacting GAAP
- Accounting for Cryptocurrencies
- FASB Agenda Priorities
- Recent SEC Proposals
- PPP Loan Accounting
- Employee Retention Credit Accounting Considerations
- 2022, 2021 and 2020 Standards Updates
Learning Objectives
- Recognize required GAAP reporting requirements for your company or clients
- Identify proper accounting treatment for crypto currencies
- Recognize how to properly apply new accounting standards
- Describe how to strategize for implantation of the new lease standard
- Identify areas where Private Company Council standards can be applied
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
Basic understanding of GAAP.
Advance Preparation
None
Instructor
Lewis R. Fisher
Lewis R. Fisher is a partner with Moss Adams, LLP in the Automotive & Dealer Services Group, with over 20 years of experience of private and public accounting experience. He began his career working in retail finance at a domestic dealership, and then moved to the corporate office for the largest privately held automotive group in the United States. Lewis' focus is providing assurance and consulting services to automotive dealership clients, as well as other heavy truck and equipment dealers, including those with significant rental operations. He has experience directing all phases of assurance engagements, working with a mix of SEC clients and large privately held clients. He is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants.