Previously titled: Accounting Update: A Review of Recent Activities (2012-2013 Edition)
This course keeps you current and shows you how to apply the most recent financial accounting and reporting standards.
The course will specifically discuss:
Overview of the current accounting environment, including Accounting Standards Updates issued in 2012 and 2013
Guidance on the liquidation basis of accounting
An overview of fair value accounting and changes related to disclosure issues
Private Company Financial Reporting - Update on progress of changes, including the Private Company Council (PCC) and the Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)
Update on recent happenings relating to International Standards, specifically recent happenings relating to convergence of IFRS and GAAP
Overview of current and future FASB Projects, including leases, financial instruments, revenue recognition
Learn to apply recently issued FASB and AICPA guidance and review exposure drafts and other projects.