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...
- Identify what factors allowed certain frauds to occur.
- Recognize what internal controls may have prevented the frauds.
- Consider application of these lessons to circumstances you encounter in your professional endeavors.
- Apply ethical guidance to scenarios that accounting professionals may encounter in public practice.
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
