FASB Update for Small and Medium Sized Businesses: A practical Implementation Guide WEBCAST

Wednesday, September 30 8:00am - 4:00pm PDT

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8 Credits

Member Price $155.00

Non-Member Price $205.00

Overview

Recently updated to include discussion of new FASB standards on leases, financial instruments, and other recent FASB pronouncements, this course is designed for small and medium-sized business practitioners and their staff, whether in public accounting or business and industry. The course will provide you with a comprehensive review of recent FASB accounting and reporting matters most relevant to smaller companies including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASB’s current technical agenda; Lease Accounting; new ASUs dealing with financial instruments; and a discussion of lessons learned on maintenance best practices related to Topic 606 on revenue. Lastly, the course will review the implementation of other recent ASUs, with a focus on practical and efficient implementation of these new standards.

Highlights

Private company standard setting activities. FASB Accounting Standards Updates (ASUs) relevant to smaller businesses. Revenue recognition best practices and year 2 maintenance issues. Lease accounting implementation guidance. Overview of recent FASB Updates on financial instruments.

Prerequisites

Experience in financial accounting and reporting

Objectives

Be familiar with recent private company standard setting activities. Review recently issued FASB Accounting Standards Updates that relate to small and medium-sized businesses. Review the FASB’s recently issued lease accounting standard. Understand the changes coming with the FASB’s new financial instruments standards. Be aware of other important practice matters. Utilize hands-on examples and illustrations to increase your overall understanding and application of the material.

Preparation

None

Notice

None

Leader(s):

Leaders

Curtis Quickel

Curtis is an individual practitioner and has spent several years in industry as a Corporate Controller. Most recently he served as Controller of the region’s largest electronics distributor, with offices located in twenty states. As a Lieutenant Colonel in the U.S. Army Reserve, he teaches classes at the U.S. Army’s Command and General Staff College in Fort Leavenworth. He recently served an eight month tour of duty with the US Army at the Combined Central Command Center in Kuwait, in support of Operation Iraqi Freedom. He is a Past President of the Central Chapter of the Arkansas Society of CPAs, and Past Chairman of the Industry and Commerce Committee.

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Non-Member Price $205.00

Member Price $155.00