more
Jennifer Louis, President
Jennifer has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and soft skills topics needed for professional and organization.
This instructor has 79 courses »To Access This Course:
New Accounting Standards Updates (ASUs) related to U.S. GAAP are issued on a perpetual basis. It can be time-consuming and confusing to keep up-to-date on the resulting impact on financial statements and disclosures.
This course provides an executive summary of U.S. GAAP updates with open effective dates for 2021 or thereafter related to public and/or nonpublic business entities.
Learning Objectives
- Discuss highlights of recently-issued ASU’s, focusing on changes with open effective dates for 2021 or thereafter related to public and/or nonpublic entities, such as:
- Lease accounting
- Goodwill impairment accounting
- Explain where financial statement preparers should focus the most time and attention when preparing 2021 interim and annual financial statements, such as:
- Simplifications to derivative and hedge accounting
- Capitalizing internal use software costs, and more
- Describe the most significant accounting and financial reporting changes with future effective dates that business entities should be preparing for now, such as:
- Financial instrument credit loss reporting
- Income tax accounting and disclosures
- Accounting for certain convertible instruments and contracts in own equity, and more
Last updated/reviewed: September 11, 2021
4 Reviews (52 ratings)Reviews
Anonymous
(Accounting Manager: Statutory Reporting)
This course does a fantastic job of giving a high level overview of the major changes in accounting standards in the recent years. This helps identify areas where processes will need to be changed to make sure that the data needed to comply with the new standards is being tracked appropriately.
Anonymous
(Lead Senior Accountant)
Good update over accounting changes. Surprised to see pensions covered because they're so uncommon.
Thomas Simkiss
(Director of Cloud Solutions at Creoal Consulting)
Very detailed. Very clearly presented. Very good presentation
Anonymous
()
The content is not that related to the final exam.
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required 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 .