2024 Accounting Standards for CPAs: Spring Update (Currently Unavailable)

Author: Pat Patterson

This course will cover the recently issued Financial Accounting Standards Board (FASB) Accounting Standards Updates (ASUs) for 2021, 2022, 2023, and 2024 as appropriate. In addition, the course will deal with earlier standards that have deferred the effective dates for standards. Further, additional information that the FASB offers that is considered important will be dealt with. This includes FASB meetings, news releases and anticipated developments.

Publication Date: April 2024

Designed For
Any professional accountant that has a need to remain current on FASB releases and developments for generally accepted accounting principles (GAAP) should attend this session. This includes those in public accounting, business, nonprofit organizations, and other areas.

Topics Covered

• Financial Accounting Standards Board (FASB) and Background
• Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board (FASB)
• Changes to GAAP
• New disclosures, issues, and FASB actions
• Other matters deemed appropriate and timely

Learning Objectives

• Recognize and apply new GAAP releases
• Identify the issues in the new Accounting Standards Updates
• Recognize any new disclosure issues
• Identify the organizations that is recognized by the U.S. Securities and Exchange Commission as the designated accounting standard setter for public companies
• Identify the effective date of ASU 2022-03 related to the fair value measurement of equity securities subject to contractual sale restrictions for a private entity

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
Basic knowledge of FASB and GAAP.

Advance Preparation
None