CPAR Accounting & Financial Reporting

CPAR - 2019/July, Seg.02 - Implementing a New Standard: What You Need to Know

Course Overview
In recent years, accountants have spent a great deal of time and energy in assisting their clients with the implementation of FASB’s Big Three accounting standards: revenue recognition; lease accounting; and CECL. According to Sean Prince, with the national office of Crowe LLP, the implementation process is more likely to proceed to a successful outcome when you utilize a framework based on the Three C’s: completeness; clarity; and control.

Learning Objectives:

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

  • Recognize what companies should do when implementing a new accounting standard;
  • Identify the Three C's companies should follow in order to implement a new accounting standard smoothly;
  • Recognize what is meant by appropriate implementation; and
  • Identify the things companies should not do when implementing a new accounting standard.

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 : CPAR1400-FM

Release Date : 07/31/2019
Expire Date : 09/09/2020
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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