Private Company Accounting: New Challenges, New Directions

Description

Understand how FASB’s convergence project and private company reporting can affect your company. 

The convergence process is winding down. FASB and the IASB have issued new revenue recognition standards and lease accounting changes will soon follow. Whether or not IFRS becomes the basis for U.S. accounting standards, the convergence and private company accounting changes impact activities well beyond financial reporting.

Highlights

• Revenue recognition accounting
• Lease accounting
• Financial instrument accounting
• Financial statement presentation

Objectives

• Recognize the new FASB standards for revenue recognition and lease accounting.
• Identify the available accounting standard choices for private companies.
• Determine 10 actionable items to help you and the businesses you advise prepare for unpredictable times ahead.
• Identify critical operations issues.

Designed For

CFOs, controllers, managers and financial professionals.