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The WSCPA will be closed Monday, May 27th in observance of Memorial Day.

GAAP Hot Topics- What You Need to Know ON DEMAND

Available Until

Your Desk

16.0 Credits

Member Price $384.00

Non-Member Price $442.00


This course provides an overview of several of the key accounting and reporting topics within U.S. GAAP. This includes a discussion of accounting for business combinations, revenue recognition principles, and leasing transactions. This course also address topics such as goodwill impairment, segment reporting, how to account for software (both internal-use and for resale) as well as requirements related to accounting changes and error corrections.


Inputs, processes, and outputs. Recognizing assets acquired and liabilities assumed. Contingent consideration. Measurement periods and adjustments during the measurement period. Definition of a customer. Combination of contracts. Performance obligations. Input and output methods. The finance lease. Short term leases. Lease vs Non lease components. Determining the lease term, and more.



Designed For



Identify the definition of a business as it relates to a business combination transaction. List the steps involved in the acquisition method. Identify the acquisition date for a business combination. Recognize how to measure goodwill and gains from bargain purchases. Identify the measurement period for business combinations. Recognize financial statement disclosures related to business combinations. List the five steps involved in the new revenue recognition model. Recognize the considerations involved in identifying whether a contract exists, and more.






Leader Bios

Kelen Camehl, Western CPE

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

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Non-Member Price $442.00

Member Price $384.00