Not Just Your Everyday FASB Update

This course highlights significant updates that affect financial reporting and related attestation services. We will explore novel FASB pronouncements while examining the enduring impact of lease accounting and revenue recognition standards. This course will provide reminders regarding both GAAP and non-GAAP financial reporting alternatives for closely held entities. We will also explore selected guidance regarding audit, review, and compilation engagements.

Objectives

• Analysis of relevant GAAP provisions
• Reminders regarding the continuing importance of ASC 606 for revenue recognition
• Fresh perspectives of lease accounting in the wake of ASC 842 implementation
• Overview of U.S. GAAP alternatives for certain entities
• Summary of selected, salient standards for today's audit, review, and compilation engagements

Highlights

• Analysis of relevant GAAP provisions
• Reminders regarding the continuing importance of ASC 606 for revenue recognition
• Fresh perspectives of lease accounting in the wake of ASC 842 implementation
• Overview of U.S. GAAP alternatives for certain entities
• Summary of selected, salient standards for today's audit, review, and compilation engagements

Who Will Benefit

CPAs in public practice or members in industry seeking a current financial accounting and reporting updates with particular emphasis on closely held reporting entities.

Credits

Leaders

• Chris Harper

  Chris is the Director of Education in addition to providing accounting and advisory services to a wide variety of clients for the Grand Rapids firm of Hungerford Nichols. He has been serving tax and accounting needs of closely held business and individuals since 1998. In addition to his responsibilities at the firm, Chris serves as an affiliate instructor of accounting for Grand Valley State University's Seidman Colelge of Business. Chris has taught a variety of continuing education courses for several state CPA societies. He is frequently intereviewed by media outlets on a variety of financial, tax and accounting topics.

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