Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides an overview of accounting matters including private company standard setting activities; a review of ASU No. 2016-02, the lease accounting standard; ASC 606 topics; and a review of ASC 326 on credit losses.
Learning Objectives
- Be aware of private company standard setting activities
- Review FASB Accounting Standards Updates
- Understand the lease standard
- Recall topics related to applying ASC 606
- Recall the basics of accounting for credit losses under ASC 326
Major Topics
- Private company standard setting activities
- FASB Accounting Standards Updates
- Revenue recognition
- Leases
- Credit losses
