Description
Review newly implemented and recently issued FASB pronouncements for 2023.As the accounting landscape continues to progress, it is important for accountants and CPAs to understand the potential impacts on their processes, policies, and required disclosures, as well as the public accountant’s considerations for auditing these new topics. These topics will also include a review of the takeaways from revenue recognition, financial instruments, and lease implementations for small companies and a brief discussion on what may be around the corner with newly proposed accounting standard updates. This presentation will help identify and recognize relevant and critical new topics and accounting regulations.
Date: 2023-06-21 Start Time: End Time:
Learning Objectives
Overview of Topics
Reference Rate Reform
• Overview of Impact on Liabilities
• Deferral of Sunset Issued in 2022
Financial Instruments
• Credit Losses • Topic 326
• Insurance Updates • Topic 944
• Fair Value • Hedging and Measurement • Topics 815 and 820
Other Updates for 2022• 2023
• Leases • Common Control Arrangements
• Liabilities • Supplier Finance Programs
• Investments • Equity Method and Joint Ventures
Refresher on and Learnings From Pervasive New Accounting Standards
• Leases
• Revenue Recognition
• Disclosures
Whats Around the Corner – Proposed Accounting Standards Not Finalized
• Crypto Assets
• Income Tax Disclosures
• EITF Discussions
Enrolled Agents ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Genevieve Hancock-G Hancock Advisory, LLC
