- NY Credits : 8.0
- TX Credits : 8.0
2017 Accounting Update
This course provides an update of recent guidance issued in 2016. It covers leases, share-based payments, liabilities and equity, revenue recognition, not-for-profits, cash flows and credit losses.
Upon successful completion of 2017 Accounting Update, the user should be able to:
identify the criteria for leases under ASU 2016-2,
list the exceptions to the lease guidance under US GAAP,
identify changes to the lease guidance compared to the existing guidance in US GAAP,
determine the attributes to the share based payments model and how they are recognized over the service period,
determine how forfeitures must be treated in terms of vesting conditions,
recognize how the FASB's simplification initiative works in terms of forfeitures,
identify where the FASB is proposing that the excess or shortfall go when an employee exercises an option,
identify issues in the current model, and
list targeted improvements expected.