FMN Accounting

FMN - 2019/December, Seg.1 - Update on Accounting Issues: FASB, SEC and PCAOB

Course Overview
The regulators continue to be busy with more new standards coming out of the FASB, SEC and PCAOB. Laura Shiffman, a Practice Fellow with the Financial Executives International, provides an update on the new rules as well as their implications on companies. She reviews rate reform, accounting for income taxes, and goodwill and intangibles from the FASB; the definition of accelerated and large accelerated filers and amendments to both Rule 3-05 and Regulation S-K from the SEC; and auditing accounting estimates, the use of specialists, and the updated auditors’ reporting model including the issuance of CAMS (Critical Audit Matters) from the PCAOB.

Learning Objectives:

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

  • Recognize the key changes brought about by the FASB's exposure draft to propose relief related to rate reform;
  • Identify the issues that the FASB is evaluating related to its Invitation to Comment around goodwill and intangibles;
  • Recognize the implications of the amendment proposals issued by the SEC in 2019; and
  • Identify the feedback and reaction from preparers with regards to identification of critical audit matters.

Prerequisites/Advanced Preparation:

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

Speaker / Author:

FMN Online
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 : FMN1328-FM

Release Date : 12/10/2019
Expire Date : 07/14/2021
Credits :
CPE 2.00
QAS 2.00

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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