Not currently accepting new students
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 will provide an executive summary of U.S. GAAP updates with open effective dates for 2018 or thereafter related non-public business entities.
Course Series
This course is included in the following series:
6 CoursesAn Auditor's Perspective on...
- Preparing Financial Statements - An Auditor’s Perspective on What Matters Most
- Independence Rules for CPA’s - An Auditor’s Perspective on Significant AICPA, Public Company, Governmental, and International Differences
- Designing and Performing Sampling Plans – An Auditor’s Perspective on Monitoring Internal Controls, Compliance, and the Reasonableness of Account Balances
- FASB ASC Section 205-40: Going Concern Uncertainty – An Auditor’s Perspective
- FASB ASC Topic 470: Debt – An Auditor’s Perspective on Common Balance Sheet Classification Issues
- FASB ASC Topic 820 Fair Value – An Auditor’s Perspective on Determining Fair Value of Non-Readily Marketable Investments
Learning Objectives
- Discover highlights of recently-issued ASU’s, focusing on changes with open effective dates for 2018 or thereafter related to nonpublic entities, such as:
- Clarifications in statement of cash flow presentation
- Alterations in classifying deferred tax assets and liabilities, and more
- Explore where financial statement preparers should focus the most time and attention when preparing 2018 interim and annual financial statements, such as:
- Clarifying the concept of materiality and useful disclosures
- Reporting of pension costs
- Defining a business versus a group of assets, and more
- Identify the most significant accounting and financial reporting changes with future effective dates that business entities should be preparing for now, such as revenue recognition, leases, and financial instruments
Last updated/reviewed: March 17, 2024
13 Reviews (61 ratings)
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
.
![Instructor for this course Instructor for this course](https://www.illumeo.com/sites/proformative.com/files/imagecache/user_image_large/pictures/picture-120060-1624953273.jpg)
Jennifer LouisCPA, President of Emergent Solutions Group LLC