Purchase Course

Annual U.S. GAAP Update – 2021 (Virtual)   

16

Estimated CPE
Tuition
$1,495.00
Approximate Length
16:00:00
Course Number
21-VC-240-EE
Course Leader
Ervin Black
16

Estimated CPE
Tuition
$1,495.00
Approximate Length
16:00:00
Course Number
21-VC-240-EE
Course Leaders
Ervin Black
Course Leader
Ervin Black

Course Details

Course Details

Key revisions and developments continually affect U.S. Generally Accepted Accounting Principles (GAAP). This virtual seminar has been specifically developed to update experienced preparers and users of financial statements on recent developments, as well as the effects of the Covid-19 pandemic, and impending pronouncements.

Technical update coverage includes new and proposed FASB Accounting Standards Updates, recent SEC regulation, FASB agenda projects, and hot topics from the most recent AICPA national conference, including a discussion of trends in recent SEC comment letters.

This seminar addresses questions such as:

  • What are the recent, and likely future, changes in financial accounting and disclosures in U.S. GAAP?
  • What are the application and transition rules relating to new pronouncements and how do they differ as it relates to public, private, and not-for-profit entities?
  • What are the effects of COVID-19, especially as it relates to effective dates for new requirements?
  • What are current trends in economic, social, and governance (ESG) reporting?

This virtual seminar will have 4 parts. The seminar will run from approximately 12:30 p.m. EST – 4:30 p.m. EST daily. By attending all 4 training days you will be eligible to earn up to 16 CPE credits.

Course Agenda

This virtual seminar covers recent and future developments and revisions to US financial reporting, including accounting research applications using FASB codification and SEC regulation. Updates to this course occur regularly to reflect new developments as they occur. Sample topics include:

  • Effects of Covid-19 on standard setting
  • Highlights on practice and implementation issues resulting from major accounting adoptions for public, private, and not-for profit companies in the following areas:
    • Revenue from Contracts with Customers
    • Lease Accounting
    • Financial Instruments – Credit Losses (CECL) and Hedge Accounting
    • Investments in Equity and Debt Securities
    • Intangibles, including Goodwill
  • Accounting and reporting issues resulting from recent economic trends and events; e.g. ESG reporting
  • Reminders about standards becoming effective in the near future
  • Views on current accounting and reporting issues as identified by regulators, including the SEC and PCAOB
Course Leader(s)

Ervin L. Black, PhD, John T. Steed Chair and Professor of Accounting, University of Oklahoma

Keywords: Accounting, SEC, FASB, US GAAP, Lease Accounting, Financial Instruments, Credit Losses, CECL, Hedge Accounting, Intangibles, COVID-19, ESG, GAAP Update

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Update
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training
Course Details

Key revisions and developments continually affect U.S. Generally Accepted Accounting Principles (GAAP). This virtual seminar has been specifically developed to update experienced preparers and users of financial statements on recent developments, as well as the effects of the Covid-19 pandemic, and impending pronouncements.

Technical update coverage includes new and proposed FASB Accounting Standards Updates, recent SEC regulation, FASB agenda projects, and hot topics from the most recent AICPA national conference, including a discussion of trends in recent SEC comment letters.

This seminar addresses questions such as:

  • What are the recent, and likely future, changes in financial accounting and disclosures in U.S. GAAP?
  • What are the application and transition rules relating to new pronouncements and how do they differ as it relates to public, private, and not-for-profit entities?
  • What are the effects of COVID-19, especially as it relates to effective dates for new requirements?
  • What are current trends in economic, social, and governance (ESG) reporting?

This virtual seminar will have 4 parts. The seminar will run from approximately 12:30 p.m. EST – 4:30 p.m. EST daily. By attending all 4 training days you will be eligible to earn up to 16 CPE credits.

Course Agenda

This virtual seminar covers recent and future developments and revisions to US financial reporting, including accounting research applications using FASB codification and SEC regulation. Updates to this course occur regularly to reflect new developments as they occur. Sample topics include:

  • Effects of Covid-19 on standard setting
  • Highlights on practice and implementation issues resulting from major accounting adoptions for public, private, and not-for profit companies in the following areas:
    • Revenue from Contracts with Customers
    • Lease Accounting
    • Financial Instruments – Credit Losses (CECL) and Hedge Accounting
    • Investments in Equity and Debt Securities
    • Intangibles, including Goodwill
  • Accounting and reporting issues resulting from recent economic trends and events; e.g. ESG reporting
  • Reminders about standards becoming effective in the near future
  • Views on current accounting and reporting issues as identified by regulators, including the SEC and PCAOB
Course Leader(s)

Ervin L. Black, PhD, John T. Steed Chair and Professor of Accounting, University of Oklahoma

Keywords: Accounting, SEC, FASB, US GAAP, Lease Accounting, Financial Instruments, Credit Losses, CECL, Hedge Accounting, Intangibles, COVID-19, ESG, GAAP Update

Special Notice/Instruction: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Update
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training