2025 Accounting Standards for CPAs: Winter Update
Author: Pat Patterson
| CPE Credit: |
2 hours for CPAs |
This course covers the recently issued Financial Accounting Standards Board (FASB) and Accounting Standards Updates (ASUs) for 2023, 2024, and 2025 as appropriate. In addition, the course deals with earlier standards that have deferred the effective dates for standards. Further, additional information that the FASB offers that is considered important is dealt with. The FASB meetings, news releases and anticipated developments are included.
Publication Date: January 2025
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
- FASB Introduction
- FASB Accounting Standards Updtaes (ASUs) from 2023
- FASB Accounting Standards Updates (ASUs) from 2024
- FASB Projects for the Future
Learning Objectives
- Recognize and apply new GAAP releases
- Identify the issues in the new Accounting Standards Updates
- Identify any new disclosure issues
- Identify the ASU released by the FASB that eliminated references in GAAP to the Concept Statements
- Identify an ongoing research project of the FASB
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
Basic knowledge of FASB and GAAP
Advance Preparation
None
