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Accounting Update: A Review of Recent Activities

Author/Moderator: Kurt Oestriecher, CPA
Publisher: AICPA
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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. The CPE course will also address current exposure drafts issued by the FASB and an update on current projects underway at the FASB. This CPE course will provide an in-depth look at private company financial reporting, including Accounting Standards Updates specifically issued for private companies. The AICPA Financial Reporting Framework for Small-and Medium-sized Entities is also discussed, including illustrative financial statements prepared under this framework. Lastly, the CPE course provides an update on where the U.S. stands in its adoption of IFRS, as well as a summary of IFRS for SME’s. 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.

Topics Discussed:

  • Recently issued FASB guidance, including Accounting Standards Updates and Exposure Drafts
  • Various standard setters’ project updates
  • Activities underway at Private Company Council, including Accounting Standards Updates
  • Financial Reporting Framework for Small– and  Medium- Sized Entities

Learning Objectives:
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

Who Will Benefit?

  • Business and Industry, Public Accounting

Prerequisite:  Previous accounting experience

Advanced Preparation: None

NASBA Field of Study: Accounting
Level: Update
Recommended CPE Credit: 6
Accounting Update: A Review of Recent Activities
Text , 2014
Product# 746150
Availability: In Stock
AICPA Member:$135.00
Your Price:$168.75
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