Annual FASB Update and Review
Overview
*** Save 15% on this event when you use the code FALL24 at checkout ***
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
Robert Bedwell, Controller, Progressive Care, Inc
Bob is an accounting and finance professional with over 38 years of audit and accounting experience. Bob's experience includes a full range of corporate accounting and assurance services, including financial statement preparation, auditing, SEC reporting, mergers and acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data.
Bob has been a discussion leader on numerous topics for Surgent Professional Education, the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills.
Bob received his Bachelor of Science in Accounting and Finance from Upsala College in East Orange, New Jersey, and has also earned a Masters in Accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants. He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.
Subject areas for which Bob has served as a discussion leader include:
• Professional Ethics
• Accounting and Auditing Update
• Compilation and Review Update
• Governmental and Non-for-Profit Annual Update
• New Lease Accounting Standards (author and presenter)
• New Revenue Recognition Standard (author and presenter)
• Non-profit Accounting and Financial Reporting
• Applying the Uniform Guidance in Your Single Audits
• Audits of Employee Benefit Plans
• Auditing Workpapers: Documenting and Reviewing Field Work
• Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations
• The AICPA Financial Reporting Framework for Small and Medium Sized Entities (author and presenter)
Non-Member Price $234.00
Member Price $169.00