FAS2
Accounting Standards Update for 2007: What Is Happening at the FASB
This course provides the CPA with an update on most recently issued FASB standards. This review will provide an explanation of the purpose and likely impact of each standard together with implementations examples and guidance. Emphasis will be placed on the impact of these standards on preparers and users in both large and closely held companies.
Major
topics include:
- FASB’s current agenda: what is in the pipeline?
- SFAS No. 158: pension and post-retirement benefits
- SFAS No. 156: servicing financial assets
- SFAS No. 155: hybrid financial instruments
- SFAS No. 154: accounting changes and error corrections
- SFAS No. 157: fair value measurement
- SFAS No. 159: the fair value option
- Exposure drafts: not-for-profit mergers and acquisitions
Designed
for: Accountants in public practice and industry who have to deal with newly issued and forthcoming standards and need to advise clients on meeting requirements caused by newly promulgated and forthcoming accounting standards.
Prerequisites: None
Level of Knowledge: Update
Field of Study: Accounting
Price: $39
Credit Hours: 2
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