Review of Significant Accounting Topics

The start date for this course has passed. Registration is no longer available.

This course is 8.00 credits
Field of Study
Accounting
Course Level
Intermediate
Vendor
California Society of CPAs

Registration Fees

MSCPA-AICPA Member
$245.00
MSCPA Member
$245.00
AICPA Member
$375.00
Non-Member
$375.00
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Wednesday, Jan 3, 2018
9:30am – 5:00pm

In a few cases, FASB's Private Company Council (PCC) has developed approaches that simplify accounting for nonpublic companies. Additionally, for early adopters of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs), accounting for many areas has been significantly simplified. Attendees will be immersed in the key provisions of derivatives, hedging and interest rate swaps; goodwill and impairment testing; and revenue recognition.

Discover going concern issues, the liquidation basis of accounting and other bases of accounting available to nonpublic entities, and address some of the traditional areas of accounting that have recently been revised.

In addition, a poll is taken at the beginning of each session to determine accounting topics that are most significant to you. Time is then allocated to discuss these areas. 

Materials are provided as an ebook.

In a few cases, FASB's Private Company Council (PCC) has developed approaches that simplify accounting for nonpublic companies. Additionally, for early adopters of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs), accounting for many areas has been significantly simplified. Attendees will be immersed in the key provisions of derivatives, hedging and interest rate swaps; goodwill and impairment testing; and revenue recognition.

Discover going concern issues, the liquidation basis of accounting and other bases of accounting available to nonpublic entities, and address some of the traditional areas of accounting that have recently been revised.

In addition, a poll is taken at the beginning of each session to determine accounting topics that are most significant to you. Time is then allocated to discuss these areas. 

Materials are provided as an ebook.

Designed For

Individuals who prepare financial statements in accordance with GAAP; for nonpublic entities affected by pronouncements of the PCC and for small- and medium-sized entities; and who are affected by any of the included topics.

Course Objectives

  • Identify the accounting for derivatives and hedging, particularly interest rate swaps, and the alternatives available as a result of the pronouncements of the PCC and under FRF for SMEs.
  • Determine how the recognition of revenue may be affected by changes to the revenue recognition standards.
  • Recognize going concern issues, the use of the liquidation basis of accounting and evaluate alternative accounting frameworks.

Major Subjects

  • Interest rate swaps, derivatives and hedging
  • Goodwill and impairment testing
  • Revenue recognition
  • Accounting for leases
  • Inventories and debt issue costs

Prerequisites

Basic knowledge of derivatives and he

The start date for this course has passed. Registration is no longer available.