December 12, 2023

Webinar

8 CPE

Webinar (CA): GAAP Update 2023

December 12, 2023
Webinar
8 CPE

Webinar (CA): GAAP Update 2023

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    Instructor

    Robert
    Bedwell

    View Bio

    Robert Bedwell

    Bio

    Robert Bedwell (“Bob”) is a financial accounting and compliance professional with over 42 years of audit, accounting and financial reporting experience. During his tenure as an audit partner with several large regional and national public accounting firms, Bob regularly assisted clients with a full range of corporate audit and assurance services, including financial statement preparation, auditing, SEC reporting, mergers, acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data.

    Bob has been a national speaker and instructor on numerous topics for Surgent Professional Education, the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills.

    Bob received his Bachelor of Science in Accounting and Finance from Upsala College in East Orange, New Jersey, and has also earned a Masters in Accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants. He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.

This course will cover all pronouncements of the FASB relevant to nonpublic entities. It will be presented in two distinct sections: First, we will identify all Accounting Standards Updates (ASUs) issued by the FASB in 2022 and 2023, as well as those ASUs issued in prior years that become effective in 2023. For each pronouncement, we will identify the topic or topics affected, the most significant provisions, how the provisions affect financial reporting and disclosure, and, when possible, the reasons for the change. This will enable those associated with the GAAP financial statements of nonpublic entities to determine which pronouncements affect them or their clients, requiring further research. In the second segment, we will look at the most common financial statement elements that have changed in recent years. It will include an in-depth analysis that will demonstrate how these elements have traditionally been accounted for and how they have evolved, concluding with the current requirements for reporting and disclosing

Learning Objectives

• Identify relevant areas of accounting that have changed in recent years
• Determine when changes are not likely to materially affect financial statements, allowing for simplified approaches
• Understand the nature of significant changes and identify trends
• Improve the presentation and content of financial statements and disclosures

Major Topics

• Business combinations and consolidations
• Lease accounting
• Financial instruments - credit losses (CECL)
• Intangibles, including goodwill
• Fair value

CPE Credits Available

8 CPE
8
Accounting

Things to Know About This Course

Course Level

  • Update

Prerequisites

Knowledge of GAAP and awareness of the FASB Accounting Standards Codification.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

 CPAs, auditors, and financial professionals working with nonpublic entities.

Provider

California CPA Education Foundation

This event has ended.