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2017 was a year of many regulatory changes, and the accounting profession had its fair share.  With the many regulatory and standard setting bodies focused on accounting and finance issues, it is as important as ever for financial personnel to stay abreast of recent pronouncements and standards by the various regulatory bodies.

In the 15+ years since the Sarbanes-Oxley (SOX) legislation, there have been more than 200 new GAAP documents issued in the form of: Emerging Issues Task Force (EITF) consensuses; GAAP statements; Accounting Standard Updates (ASUs); SEC Staff Accounting Bulletins (SABs); Financial Reporting Releases; and many other interpretive guidance.

This course is designed as a year-end review of the most significant issues addressed by the SEC, PCAOB, FASB, GASB, and COSO, organizations in 2017.  In addition, we take a brief view into the agendas of the bodies for 2018.

 

Learning Objectives

  • Identify the significant changes in Accounting Standards Codification (ASC) Topic 840: Leases
  • Identify the significant changes to ASC Topic 606: Revenue From Contracts With Customers
  • Identify significant changes to ASC Topic 260: Earning per Share and ASC Topic 815: Derivatives and Hedging
  • Explore the future Financial Accounting Standards Board (FASB) agenda for 2018
Last updated/reviewed: January 19, 2018

Prerequisites

Course Complexity: Foundational

No Advanced Preparation or Prerequisites are needed for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:45Introduction to 2017 Accounting Overview and 2018 Outlook
  8:52Breaking News
  11:32Changes to Lease Accounting (Topic 840)
  9:06Revenue From Contracts With Customers (Topic 606)
  14:04Performance Obligations
  5:15Derivatives (Topic 815) - EPS (Topic 260)
  7:03GASB Update
  9:04PCAOB
  9:19AICPA
CONTINUOUS PLAY
  1:18:592017 Accounting Overview and 2018 Outlook
SUPPORTING MATERIALS
  PDFSlides: 2017 Accounting Overview and 2018 Outlook
  PDF2017 Accounting Overview and 2018 Outlook Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM