- NY Credits : 3.0
- TX Credits : 3.0
The FASB issued 20 Accounting Standards Updates in 2016 and 14 in 2017 (through November). These amendments to the current U.S. GAAP standards impact various FASB Accounting Standards Codification (ASC) Topics. In order to stay on top of the rules, regulations and guidelines as pronounced, CPAs need to be aware of these changes. This basic course introduces these ASUs and is organized by FASB ASC Topic beginning with Topic 230, Statement of Cash Flows, through Topic 965, Health and Welfare Benefit Plans.
This update course provides a general review of new developments in [course topic]. This course is most appropriate for the professional with a background in this topic who is interested in keeping current in this area.
Upon successful completion of this course, the user should be able to:
recognize accounting standards update issued in 2018 and 2019,
recognize accounting standards updates impacting FASB presentation topics and assets,
recognize accounting standards updates impacting FASB revenue topics,
recognize accounting standards updates impacting FASB expense topics,
recognize accounting standards updates impacting FASB broad transaction topics, and
recognize accounting standards updates impacting FASB industry topics.