GAAP Hot Topics- What You Need to Know ON DEMAND
Available Until
Your Desk
16.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Understanding and applying U.S. GAAP’s key accounting and reporting topics can be an intricate and challenging task for professionals in the field of finance and accounting. This complexity is heightened when dealing with nuanced topics such as business combinations, revenue recognition, and leasing transactions. Additionally, areas like goodwill impairment, segment reporting, and accounting for software bring their own set of intricate rules and disclosures. Navigating through these topics requires not only a deep understanding of the principles but also the ability to apply these in various practical scenarios. The constant evolution of standards adds another layer of complexity, making it imperative for professionals to stay updated and competent in their application. This comprehensive online Self-Study CPE course offers an in-depth exploration of several critical accounting and reporting topics within U.S. GAAP. It encompasses a wide range of subjects from accounting for business combinations, recognizing revenue, and conducting leasing transactions, to addressing goodwill impairment, and segment reporting. Additionally, the course provides detailed guidance on accounting for software and the requirements related to accounting changes and error corrections. This course is designed to equip participants with the knowledge to confidently navigate and apply these complex U.S. GAAP standards in their professional practice, ensuring compliance and accuracy in financial reporting.
Highlights
Inputs, processes, and outputs. Recognizing assets acquired and liabilities assumed. Contingent consideration. Measurement periods and adjustments during the measurement period. Definition of customer. Combination of contracts. Performance obligations. Input and output methods, and more.
Prerequisites
None.
Designed For
CPAs.
Objectives
Identify the definition of a business as it relates to a business combination transaction. List the steps involved in the acquisition method. Identify the acquisition date for a business combination. Recognize how to measure goodwill and gains from bargain purchases. Identify the measurement period for business combinations. Recognize financial statement disclosures related to business combinations. List the five steps involved in the new revenue recognition model, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $67.00
Member Price $58.00