FASB's "Big 3" ? Revenue Recognition, Leases & Financial Instruments
Total Credits: 8 including 8 Accounting - Technical
- Average Rating:
- 4
- Categories:
- Accounting and Auditing | Partner Produced
- Faculty:
- John P. Laschenski, CPA, MBA
- Course Levels:
- Intermediate
- Duration:
- 8 Hours
- License:
- Product Setting: Expires 40 day(s) after program date.
Description
Sometimes we can avoid addressing the "elephant in the room" for a while. However, when there are three elephants in the room, it is time to address the issues. Designed for practitioners and their staff, whether in public accounting or business and industry, this course provides a comprehensive review and update of the Financial Accounting Standards Board's (FASB) "Big Three" accounting and reporting areas - revenue recognition, leases and financial instruments. Focus on recently issued Accounting Standards Updates and exposure drafts, covering these critical areas of your practice or organization. Analyze the Big Three, which have a major effect on all industries, using examples and illustrations to provide a hands-on approach that will help you better assess and implement the new standards and guidance applicable to your clients or organization.
Basic Course Information
Learning Objectives*Understand and apply the FASB's new revenue recognition standard *Review the FASB's current lease accounting guidance
*Be familiar with the FASB's financial instruments project covering classification and measurement, credit impairment, and hedge accounting
Major Subjects
*The FASB's Comprehensive Revenue Recognition Standard ASU No. 2014-09, Revenue from Contracts with Customers
*New Revenue Recognition Model *Revenue Presentation, Disclosures, and Implementation Guidance and Illustrations
*Key Differences between Current U.S. GAAP and the New Revenue Recognition Guidance
*Overall Lease Accounting Guidance
*Lessee vs. Lessor Accounting
*Sale and Leaseback Transactions
*The FASB's Proposed ASU Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities *Classification and Measurement
*Credit Impairment
*Hedge Accounting
Course Materials
| 2015 CPE Credit Information (0.06 MB) | Available after Purchase | ||
| Manual - FASB Big Three (1.21 MB) | Available after Purchase | ||
| Presentation Slides - FASB's Big 3 (0.50 MB) | Available after Purchase | ||
| Handout - FASB's Big 3 (0.13 MB) | Available after Purchase | ||
Faculty
John P. Laschenski, CPA, MBA Related Seminars and Products
John P. Laschenski, CPA, MBA, is an accountant, management consultant and business educator who consults with CPA firms and public and private companies on accounting and auditing issues. He also provides expert witness assistance in cases involving CPA firms. He is an experienced seminar developer and presenter whose seminars focus on accounting, auditing and related topics for CPAs and managers. He has presented his materials to accountants and financial professionals throughout the United States and Europe. In addition, he is a member of several CPA organizations. Laschenski has also served on the faculties of the business schools at the State University of New York at Geneseo and Rochester Institute of Technology. Before founding his own firm in 1981, Laschenski designed and managed the development of computer systems for IBM Corporation, and he was a financial executive for Xerox Corporation.
Additional Info
Basic Course Information
Advanced Preparation NoneCourse Developer Virginia Society of CPAs
Date Added to Catalog 3/16/15
Designed For Practicing CPAs and their staff in public accounting and business and industry; Controllers, accountants and other financial accounting personnel involved in financial statement preparation and review
Original Recording Date 9/25/15
Prerequisites Experience in financial accounting and reporting
Yellow Book
No
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Instructional Delivery Method Group Internet Based
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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