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FASB Update for Small- and Medium-Sized Businesses: A Practical Implementation Guide (FAUR)

  • Format Live Seminar
  • Credits 8
  • Level Intermediate
  • Field of Study Accounting (8)

To register for a live seminar, visit the sponsoring state society’s website.

See Locations for this Course

Overview

Recently updated to include discussion of the FASB’s new lease standard, this course is designed for small- and medium-sized business practitioners and their staff, whether in public accounting or business and industry, and will provide you with a comprehensive review of recent FASB accounting and reporting matters most relevant to smaller companies including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASB’s current technical agenda; Revenue Recognition; the final issued Lease Accounting standard; and other important practice matters that small- and medium-sized businesses should be aware of. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients.

Major Topics

  • Private company standard setting activities
  • FASB Accounting Standards Updates (ASUs) relevant to smaller businesses
  • Revenue recognition implementation guidance
  • The recently issued Lease accounting standard
  • Other important practice matters to practitioners who serve small- and medium-size businesses

Learning Objectives

  • Be familiar with recent private company standard setting activities
  • Review recently issued FASB Accounting Standards Updates as they relate to small- and medium-sized businesses
  • Understand the impact of implementing FASB’s new revenue recognition standard
  • Review the FASB’s recently issued lease accounting standard
  • Be aware of other important practice matters
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Who should take this course:


Small- and medium-sized practicing CPAs and their staffs, both in public accounting and business and industry, controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Experience in financial accounting and reporting

None

No

No

No

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