Updated and revised! This course will inform the reader of the various changes to accounting and financial reporting affecting the accounting professional. Topics include a review of FASB projects including those related to financial performance, leases, and financial instruments, practice issues involving the statement of cash flows, fair value reporting, pensions, the international convergence project, little GAAP, and more. Also included is a discussion of COVID-19’s impact on accounting and financial reporting.
This course should be required reading for all CPAs actively involved in the practice of accounting and financial reporting.
Course Prerequisite: None
Course Level: Overview
Field of Study: Accounting
Course Format: Downloadable Text
Recommended CPE Credit: 16 hours