FASB Update and Review

Overview

Periodic FASB checkups are critical for accountants who deal with financial statements prepared in accordance with U.S. GAAP. This course introduces recent FASB pronouncements and revisits selected existing standards that are likely to be salient for private entities. This session also offers a preview of coming attractions by examining significant elements of the FASB's technical agenda.

Objectives

• Define and discuss current items on the FASB agenda
• Understand current accounting and reporting guidance that is relevant for closely-held companies

Highlights

• FASB updates that will affect near-term reporting
• Future topics that may soon be addressed by the FASB