Surgent's Annual FASB Update and Review
4.00 Credits
Member Price $159
Non-Member Price $179
Overview
This course provides a detailed discussion on the key topics related to financial reporting, though in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically, the course will review recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot button accounting issues, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.
Highlights
- Private company standard setting activities
- Recent FASB Accounting Standards Updates (ASUs)
- Topic 842, Leases
- ASC 326: CECL
Prerequisites
Experience in financial accounting and reporting
Designed For
Practicing CPAs and their staffs, both in public accounting and business and industry, as well as controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review
Objectives
- Be aware of recent private company standard setting activities
- Review the latest FASB Accounting Standards Updates (ASUs)
- Understand the new lease accounting guidance found in Topic 842, Leases
- Recall key provisions of recently issued FASB Updates
Preparation
None
Leader(s):
Leader Bios
Wayne Wells, American Institute of CPAs
Robert Wayne Wells, CPA, CFE graduated from Austin Peay State University in Clarksville, Tennessee in 1970, with a Bachelor of Science Degree in Accounting and Economics. Mr. Wells began his career in public accounting in 1970 with the national firm of what was then Touche, Ross & Co. in Nashville, Tennessee. In 1974, he joined a local accounting firm in Nashville. This firm provided accounting, auditing and tax services to small and medium size businesses as well as extensive tax services to individuals. After a total of over 40 years experience, he is today a Principal with Blankenship CPA Group, PLLC in Brentwood, Tennessee. Mr. Wells has conducted numerous seminars in accounting, auditing, and taxation. He holds a Certified Public Accountant certificate in Tennessee, and is also a Certified Fraud Examiner. Mr. Wells is a member of the Tennessee Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the Tennessee Association of Accountants, and the Association of Certified Fraud Examiners.
Non-Member Price $179
Member Price $159