Annual FASB Update & Review Webcast [FUR4]

Nov 5, 2024
Time: 08:30am-12:00pm

Subject:

Accounting

Credit Hours:

4.00

Price:

Member: $155.00
Non-member: $225.00

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Discussion Leader:

Art M. Winstead    more info

In his over 40-year career in public accounting, as a partner with the DMJ accounting firm in Greensboro, NC, Art Winstead has been a leader in driving the CPA profession to excellence. In addition to a career in public accounting with DMJ, Art has also held various leadership positions with the North Carolina State Board of CPA Examiners, AICPA, North Carolina Association of CPAs, and various other civic organizations.

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Website registration for this course closes on November 4, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Annual FASB Update & Review Webcast (FUR4)

November 5th, 2024 / 8:30 am 12:00 pm

Live Webcast / Zoom

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, including recently released 2024 ASUs. Specifically, the course will review recently issued FASB standards on leases and provide an update on ASC 842 and ASC 326 post-implementation items and other hot button accounting issues, such as what is on the FASBs technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.

Major Topics:
- Private company standard setting activities
- Recent FASB Accounting Standards Updates (ASUs), including those addressing crypto assets (i.e., cryptocurrency)
- Topic 842, Leases
- ASC 326: CECL

Learning Objectives:
- Be aware of recent private company standard setting activities
- Review the latest FASB Accounting Standards Updates (ASUs)
- Understand the recently implemented lease accounting guidance found in Topic 842, Leases
- Recall key provisions of recently issued FASB Updates
- Understand the key provisions and updates to Topic 326, Current and Expected Credit Losses (CECL)

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

CPE Credits: 4, Accounting

Level of Knowledge: Intermediate

Prerequisite: Experience in financial accounting and reporting

Acronym: FUR4

Discussion Leader: Art M. Winstead
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