Top Accounting and Auditing Issues for 2018 CPE Course: Module 1
Author: Pat Patterson
| CPE Credit: |
6 hours for CPAs |
This six CPE hour course reviews top accounting issues: the Impact of Lease Changes: ASU 2016-02, the Impact of Revenue Recognition Changes: ASU 2014-09, and Non-Profit Entity Financial Statements.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: October 2017
Designed For
CPAs, Tax Professionals
Topics Covered
- Accounting
- ASU 2016-02
- ASU 2014-09
- Non-Profit entity financial statements
Learning Objectives
- Identify the FASB pronouncements that may impact entities with leases or that expect to have or issue leases
- Evaluate the new Accounting Standards Codifications issued as ASU 2016-02 and other updates
- Identify five major changes affecting leases
- Outline a step-by-step process for conducting a lease project
- Determine the effect of selected accounting standards (ASCs and ASUs) relating to revenue recognition
- Identify the recently issued new FASB "Big 3 Project" issue of revenue recognition (ASU 2014-09)
- Differentiate among standards and recognize how their application will impact practically every professional accountant who deals with revenue recognition and accounting issues
- Recognize effective dates and the deferral of effective dates
- Describe the disclosure requirements for revenue recognition and other related matters
- Summarize key economic indicators relevant to NFPs
- Identify professional financial standards that impact NFPs
- Describe how updates on GAAP and other issues affect NFPs
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (6 hours)
Program Prerequisites
Basic knowledge of accounting principles
Advance Preparation
None
