Surgent's GAAP Hot Topics - What You Need to Know

Overview

This course provides an overview of several of the key accounting and reporting topics within U.S. GAAP. This includes a discussion of accounting for business combinations, revenue recognition principles, and leasing transactions. This course also addresses topics such as goodwill impairment, segment reporting, how to account for software (both internal-use and for resale) as well as requirements related to accounting changes and error corrections.

Prerequisites

None

Objectives

• Recognize financial statement disclosures related to business combinations
• List the five steps involved in the new revenue recognition model
• Determine whether an arrangement contains a lease
• Identify the recognition requirements related to goodwill
• Identify key characteristics of operating segments
• Distinguish between software that is considered internal-use and not considered internal-use
• Differentiate between the requirements for the different types of accounting changes
• Recognize examples of different types of non-GAAP financial measures

Highlights

• An overview of key accounting and reporting topics within U.S. GAAP
• A discussion of accounting for business combinations, revenue recognition principles, and leasing transfers
• Goodwill impairment, segment reporting, and how to account for software
• Requirements related to accounting changes and error corrections