CPAR Accounting & Financial Reporting  |  Format: Flash

GAAP: Everything Old Is New Again

Course Overview
As the FASB Codification prepares to celebrate its tenth birthday, it is time to reflect on the major shift in the organization and presentation of U.S. GAAP over the past decade. Who better to conduct an assessment of the way in which preparers are implementing the standard setter's three recent blockbuster releases than our former longtime expert commentator: Norman Strauss, now Executive Professor in Residence at Baruch College.

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

  • Define what the Accounting Standards Codification (ASC) is;
  • Identify the elements of the GAAP hierarchy;
  • Explain the core principle of the revenue recognition standard;
  • Distinguish between the treatment of leases under SFAS No. 13 and under ASU 2016-

    Catalog Number: CPAR1366-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPA Report
    Advanced Preparation:
    Work experience in financial reporting or accounting, or an introductory course in accounting
    Course Level: Update
    Field of Study: Accounting
    Content Partner: CPA Reports 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: Dec 19, 2018 / Jan 29, 2020