Announcements

FASB Accounting Update

CPAs must stay abreast of current developments. This seminar is frequently cited by participants as one of the best ways to gain a comprehensive understanding of the latest issues in financial accounting and disclosures.

This two-day seminar is designed to provide financial executives, managers, and other responsible for accounting and reporting an in-depth update of recent pronouncements and hot topics impacting financial reporting. It is interactive and application-based. Through the use of class exercises and interactive examples, participants not only walk away with knowledge of the new guidance, but also strategies for and issues impacting implementation.

This program includes a high-level overview of the new FASB/IASB revenue recognition standard. For more depth, consider combining this course with the one day Revenue Recognition of the Future seminar, which provides more hands on practical application of the new standard through the use of case studies.


Venue and Hotel Details

Agenda

Although the course is updated throughout the year as developments occur, topics are expected to include:
  • Refresher questions based on recent "hot topics" including:
    • Record M&A activity
    • Scrutiny of tax-driven transactions
    • Depressed commodity prices
    • Currency volatility
  • Standards generally effective in 2016 including:
    • Amendments to consolidation guidance
    • Share based payments
    • FASB Simplification Initiative
    • Activities of the Private Company Council (PCC)
  • Revenue from contracts with customers
    • 5-step model and changes from current practice
    • Application and industry-specific issues
    • Transition and effective date
    • Decisions of the Transition Resource Group (TRG)
  • Financial instruments
    • Classification and measurement
    • Impairment
    • Hedging
  • Leases
    • Overview, definitions, and concepts
    • Lease accounting model
    • Lessor accounting model
    • Transition and effective date
  • Other ASUs and FASB projects generally effective in 2017 and beyond
  • Accounting and reporting "hot topics" as noted by regulators:
    • Trends in restatements, enforcement actions, and comment letters
    • Common SEC consultation issues
    • Examination priorities and areas of expected focus

Program Details

Prerequisite:   Basic knowledge of U.S. GAAP
Preparation:   None
Level of Knowledge:   Update
Delivery Method:   Group Live, Instructor-Led Course


Course Leaders

GAAP Dynamics, a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Their passion for making accounting understandable and their extensive industry knowledge combine to create a uniquely effective learning experience. They make accounting fun!

Course Testimonials

"KPMG Exec Ed trainings are a great way to get value and CPE credits." – Chief Accounting Officer, Public Telecommunications Company


* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.