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Monday, November 22, 2021 Live Webcast

Leases, Financial Instruments, and Revenue: The FASB’s “Big Three” (E2111253)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

8.0 CPE Credits in AA

OVERVIEW

Even with the effective date of Topic 606, it continues to be a very dynamic time in the world of accounting and financial reporting, with many significant new accounting standards becoming effective around the same time. Designed for practitioners and their staff, whether in public accounting or business and industry, this course provides a comprehensive review and update of the FASB’s Big 3 accounting and reporting areas: leases, financial instruments, and sustaining the efforts related to revenue recognition. We will focus on recently issued Accounting Standards Updates, covering these critical areas of your practice or organization. We will provide deep dive implementation guidance related to leases and financial instruments, including hedge and derivative accounting and impairment, as well as review best practices, lingering implementation issues and ways to sustain the recording of revenue under Topic 606. The course will use examples and illustrations to provide a hands-on approach that will help you better assess and implement the new standards and guidance applicable to your clients or organization.

DESIGNED FOR

Practicing CPAs and their staffs, both in public accounting and business and industry -controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

BENEFITS

  • Understand and apply the FASB’s new revenue recognition standard found in ASC Topic 606.
  • Review the FASB’s new lease accounting guidance.
  • Be familiar with the FASB’s new guidance covering the new ASUs dealing with recognition and measurement, impairment, and hedging.
  • Identify best practices and areas for improvement related to revenue recognition.

HIGHLIGHTS

  • A comprehensive review of the lease accounting guidance
  • Lessee versus Lessor accounting
  • The FASB’s issued ASUs relating to financial instruments impairment and hedging
  • Application of Topic 326 to accounts receivable balances
  • Lessons learned and best practices related to revenue recognition

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in financial accounting and reporting.

ADVANCE PREPARATION

None

INSTRUCTOR

Jeffrey Lieman

Jeffrey Lieman, CPA

AICPA/Professional Development Institute

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals. Since 2016, he has received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

PRICING

$289.00 - Member

$439.00 - Nonmember

Register Today


Note: Online pre-registration will close on November 22 at 8:30 AM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent