Stay current on recent changes in accounting and auditing. This session will review Financial Accounting Standards Board (FASB), U.S. Securities and Exchange Commission (SEC), Private Company Council (PCC), Public Company Accounting Oversight Board (PCAOB) and American Institute of Certified Public Accountants (AICPA) standard-setting activity in the current year. Implementation dates will be provided so you can plan for changes, and the course will highlight the changes that will be implemented in the current year. Also, discuss the difference between public and private company requirements.
Learning Objectives
• Recognize changes in lease ASU, new requirements and implementation dates
• Identify new disclosure requirements
• Identify business implications of the new lease standard
• Determine how to apply the revenue standard across industries
Major Topics
• Refresher on Accounting Standards Update (ASC) 606
• Case Studies on ASC 606
• An overview of ASC 842
• Making the transition from 840 to 842
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