FMN Accounting  |  Format: Flash

New Accounting Standards: Your Guide to Implementation

Course Overview
The new accounting standards on revenue recognition and lease accounting are historic in their breadth and also in their impact across all industries. As a result, the implementation of this new guidance requires you to focus on their implications for your business as well as on their effect on your financial statements. John Fleming, discussion leader in accounting and auditing for the Loscalzo Institute, provides a guide to how you and your team can prepare successfully for these impending changes.
Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Recognize the new guidance for revenue recognition under ASC Topic 606
  • Identify steps an organization should take to implement the new revenue recognition standard
  • Recognize the new guidance for lease accounting under ASC Topic 842
  • Identify steps an organization should take to implement the new lease accounting standard.

    Catalog Number: FMN1265-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in financial reporting or accounting, or an introductory course in accounting.
    Course Level: Update
    Field of Study: Accounting
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Aug 10, 2018 / Mar 13, 2020