This CPE course will keep you updated on the latest accounting standards with practical applications to help you apply these standards to real-life scenarios.
Contents of the course include an overview of the current accounting environment, including a description of Accounting Standards Updates issued in 2014. With updates from virtually every accounting standard setter, you are sure to feel more prepared on accounting topics that affect your company and/or client.
Recently issued FASB guidance, including Accounting Standards Updates and Exposure Drafts
In-depth look at private company financial reporting, including Accounting Standards Updates specifically issued for private companies
Financial Reporting Framework for Small– and Medium- Sized Entities, including illustrative financial statements prepared under this framework
Summary of IFRS for SME’s, including an update on where the U.S. stands in its adoption of IFRS
When you complete this course, you will be able to:
Apply recently issued FASB guidance
Identify various standard setters’ project updates
Recognize the purpose of the Private Company Council and the Financial Reporting Framework for Small– and Medium- Sized Entities