CPAR Accounting & Financial Reporting

CPAR - 2018/December, Seg.04 - Recent Accounting Standards May Reduce Your Workload

Course Overview
For several years, preparers and auditors have complained about standards “overload,” based on the simultaneous release of guidance on high-impact accounting issues from revenue recognition to leases. But Loscalzo Institute’s John Fleming finds much to cheer about in several recent “simplification” releases from FASB, including: the elimination of the dreaded “step two” of the goodwill impairment test; and a modified definition to evaluate when a set of transferred assets and activities is a business.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Define what constitutes a "business" for GAAP purposes;
  • Distinguish between the qualitative and quantitative approaches to testing for impairment;
  • Identify the main objectives of FASB's guidance on derivatives and hedging; and
  • Explain how land easements are a practical expedient to lease accounting.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Price (USD)

Standard: $69.90


Course Code : CPAR1370-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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