2018 was a tumultuous year for the stock markets. With 2019 came the government shut-down and all the various issues associated with how the shut-down impacted the economy, stock market and the accounting profession.
With the many regulatory and standard setting bodies focused on accounting and finance issues, it is as important as ever for finance and accounting professionals to stay abreast of recent pronouncements and standards by the various regulatory bodies. Those include the SEC, PCAOB, FASB, GASB, and COSO.
In the years since SOX, there have been more than 200 new GAAP documents issued in the form of: Emerging Issues Task Force (EITF) consensuses; GAAP statements; Accounting Standards Updates (ASUs); SEC Staff Accounting Bulletins (SABs); Financial Reporting Releases; and many other interpretive guidance.
This course is designed as a 2018 year-end review of the most significant issues faced by the accounting profession. We also take a look at the stock market trend and results and its impact on the economy. In this course we also evaluate how the government shut-down experienced in 2019 may have an impact on U.S. businesses.
Learning Objectives
- Explore the impact of the government shut-down
- Explore the 2018 economic environment and stock market year in review
- Explore the 2019 economic outlook
- Identify concepts related to cryptocurrencies
- Explore top 2018 accounting issues including the impact of the Tax Cuts and Jobs Act (TCJA) on individuals and corporations, approaches to adoption of the new lease standard, and steps and approaches to the adoption of the new revenue recognition standard
- Explore the 2019 outlook of the Financial Accounting Standards Board (FASB)
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Prerequisites
No advanced preparation or prerequisites are required for this course.
From the Instructor
The information presented is not intended to reflect any specific political view. It is factual information found from leading sources such as Forbes, USA today, the Wall Street Journal and publications by the big four. As an individual, I do not have a political view on either side. Any inference in the presentation is unintended and simply represents information I have researched am I’m passing along