FASB 2013: Current Developments Accounting & Financial Reporting (Currently Unavailable)

Author: Steven C. Fustolo

The purpose of this course is to inform the reader of the various changes related to accounting and financial reporting.

Publication Date: July 2013

Topics Covered

• Significant GAAP Changes
• Revenue Recognition
• International Accounting Standards Convergence
• Fair Value Accounting
• Changes Coming with Lease Accounting
• Propose Liquidation Basis of Accounting Project
• Going Concern Assessment
• Politics of Disclosures
• Impact on Post Office Changes on Working Capital

Learning Objectives

• Identify examples of how revenue is recognized prematurely
• Identify the two approaches to revenue recognition under the proposed revenue standard
• Recognize the techniques that accountants have defaulted to in dealing with the Big-GAAP, little-GAAP issue.
• Identify a key difference between IFRS for SMEs and IFRS
• Identify certain attributes found in the IFRS for SMEs
• Identify the potential impacts from the proposed lease standard

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (6 hours)

Program Prerequisites
None

Advance Preparation
None