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Top Accounting Issues for 2017 CPE Course: Module 3 (Currently Unavailable)

CPE Credit:

3 hours for CPAs

This three CPE hour course reviews other current developments: GAAP for Terrorism and Natural Disasters; Recent ASUs: Going Concern, Debt Issuance Costs, and Intangibles; and The Gradual Demise of Company Pension Plans.

This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.

Publication Date: March 2017

Designed For
CPAs, Tax Professionals

Topics Covered

Accounting
Current accounting developments
Costs incurred related to terrorism and natural disasters
Disclosure requirements
Treatment of insurance recoveries
Pension Liability Calculation

Learning Objectives

Identify the accounting and disclosure requirements related to certain risks and uncertainties and those related to terrorism and natural disasters
Recognize how certain insurance recoveries should be accounted for in an entity's financial statements
Differentiate between GAAP and tax reporting requirements of costs incurred related to terrorism and natural disasters
Explain changes made to going concern assessment by ASU 2014-15
Identify one of the criteria that must be met to treat a hosting arrangement as internal-use software
Identify how to account for intangible assets under ASU 2014-18's accounting alternative
Recognize statistics related to unfunded liabilities prevalent across defined pension plans
Recognize key requirements prescribed by GASB Statement No. 68
Differentiate between the various color zones used to assess pension plan health
Recognize the different types of retirement plans used by nongovernmental employees

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (3 hours)

Program Prerequisites
Basic knowledge of accounting principles

Advance Preparation
None

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