VIRTUAL ONLY: U.S. GAAP: Review for Business & Industry

Description

Which FASB ASUs become effective in the next year and beyond? How should the new guidance be applied? This course helps to answer those questions by addressing GAAP financial accounting and reporting topics in conjunction with an overview of recent FASB pronouncements. Applicable to a broad cross section of accountants, this course is a must for CPAs and management accountants in business and industry. Utilizing detailed descriptions and examples of how to implement the new standards, this course instructs you on how to assess new and recent FASB guidance having a major effect on all industries. It will allow you to gain an understanding of the latest pronouncements and exposure documents, and how to develop implementation strategies.

Highlights

  • The financial reporting environment
  • Summary of recent FASB releases
  • Financial accounting and reporting topics impacted by guidance recently-issued or effective in the near term (such as leases, revenue recognition, and going concern)
  • Review of significant accounting and reporting topics

Objectives

  • Identify and apply select FASB accounting and reporting guidance.
  • Identify the latest FASB final guidance.
  • Identify current FASB exposure drafts and projects.

Designed For

Accountants, controllers, internal auditors, and other management-level accounting personnel and educators



Leaders

R Wells

Robert "Wayne" Wells has over 45 years of experience in public accounting and annually instructs numerous continuing education seminars and in-firm training classes for continuing education providers in the areas of accounting, auditing, fraud, and taxation. Wells began his career in public accounting in 1970 with the national firm of what was then Touché, Ross & Co. in Nashville, Tennessee. In 1974, he joined a local firm in Nashville and provides accounting, auditing, fraud investigations, and tax services to small- and medium-sized businesses as well as extensive tax services to individuals. Wells graduated from Austin Peay State University in Clarksville, Tennessee in 1970 with a Bachelor of Science degree in Accounting and Economics. He holds a Certified Public Accountant certificate in Tennessee, and is also a Certified Fraud Examiner. He is a member of the Tennessee Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the American Institute of Certified Public Accountants. He is the recipient of the 2013 Outstanding Discussion Leader Award presented by the Tennessee Society of Certified Public Accountants, the 2014 Outstanding Discussion Leader Award presented by the AICPA, and the Surgent Outstanding Discussion Leader Award in 2016.