FAUR
FASB ANNUAL UPDATE AND REVIEW: CRITICAL DEVELOPMENTS FOR ALL CPAS

Designed for practitioners and their staff, whether in public accounting or business and industry, this course will provide you with a comprehensive review of recent FASB accounting and reporting matters including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASB’s current technical agenda; Revenue Recognition; Lease Accounting; and other important practice matters that you should be aware of. Special attention is given to activities that affect small- and medium-sized entities. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients.

Major Topics:

  • Private company standard setting activities 
  • FASB Accounting Standards Updates (ASUs)
  • Revenue recognition
  • Leases
  • Other important practice matters

Learning Objectives:

  • Be familiar with recent private company standard setting activities
  • Review recently issued FASB Accounting Standards Updates
  • Understand the FASB’s new revenue recognition standard
  • Know where we stand on the FASB’s lease accounting project
  • Be aware of other important practice matters

Designed For: Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review
Level of Knowledge: Intermediate
Prerequisite: Experience in financial accounting and reporting
Advanced Preparation: None
Credits: 8