Financial Accounting Standards: A Comprehensive Review Review (4102141C)

This interactive course will help you refresh your research skills, and learn to use the codification. Through discussion, you will review the GAAP hierarchy. Through mini-case studies and real life examples you will study various accounting hot topics such as changes in accounting or estimates, fair value, impairment and other specialized topics. Topics are presented in a step-by-step, common sense fashion so that you can readily apply what you learn.

This course meets the specific accounting requirements that CPAs are required to meet for reissuance of their license.

• Learn how to use the codification.
• Understand recent accounting updates.
• Improve your research skills.
• Identify common disclosure deficiencies.
• Enhance internal accounting documentation.

• Meaning of GAAP and the GAAP Hierarchy
• Review of financial statements
• Balance sheet
• Income statement
• Statement of owner's equity
• Cash flows and cash presentation
• Practice performing accounting research and understand disclosure requirements
• Presentation of accounting changes
• Recent accounting update
• Fair value
• Impairment
• Other disclosures
• Non-monetary exchanges
• Common problems in other unique transactions

CPAs who need an update on recently issued accounting guidance, including using the codification.

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To ensure that all credit is properly recorded, please review your personal profile and update your CPA, CFP, CTEC and/or Bar license number(s).