Revenue Recognition, Leases, and Financial Instruments: The FASB's "Big Three" New Standards

Course Details

Date

Friday, December 6, 2019

8:30am – 4:30pm
(Registration: 8:00am)

Location

Prince Waikiki

100 Holomoana Street

Honolulu, HI 96815

808-956-1111

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Course Number

FSBT

CPE Credit

8.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in financial accounting and reporting

Description

Sometimes we can avoid addressing the elephant in the room for a while. However, when there are three elephants in the room, its time to address the issues. 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: Revenue Recognition, Leases, and Financial Instruments, including equity securities, hedging and impairment. We will focus on recently issued Accounting Standards Updates, covering these critical areas of your practice or organization. We will analyze the Big 3, which have a major effect on all industries, using 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.

Highlights

  • The FASB's comprehensive new revenue recognition standard, Topic 606, Revenue from Contracts with Customers, and recent updates to the standard
  • The new five-step principles-based revenue recognition model
  • Revenue presentation, disclosures, and implementation guidance and illustrations
  • The FASB's new ASU, Leases (Topic 842), including recent updates to the new guidance
  • Overall lease accounting guidance
  • Lessee vs. Lessor accounting
  • The FASB's issued ASUs relating to financial instruments on recognition and measurement, impairment, and hedging

Objectives

  • 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

 

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

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by November 20, 2019.

$280.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$330.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by November 20, 2019.

$430.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$480.00
Neighbor Island Discount

Applicable for Neighbor Island members in good standing

-$100.00
Associate Neighbor Island Discount

Applicable for Associate Neighbor Island members in good standing

-$50.00
Your Price $430.00

CPE Choice

Learn more about CPE Choice.
CPE Choice Fee $250.00

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