This course will explore significant elements of the FASB's technical agenda, focusing on recent updates to revenue recognition and lease accounting standards. A Special Purpose Framework overview will be provided, which may reveal salient alternatives to U.S. GAAP for certain entities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Recall and discuss current items on the FASB agenda
- Apply practical strategies in using GAAP alternatives
Major Topics
The major topics covered in this class include:
- What is a lease?
- Recognition and measurement of lease assets and liabilities Impact on lessors and lessees
- Disclosures and transition rules
- Effective dates
