ASCPA'S Accounting Standards Update

Code: ACSU-OL 4.0 CPE Credits

Overview

COURSE OVERVIEW<?xml:namespace prefix="o" />

After completing this course, you should be able to understand the basic accounting issues related to each of the following areas:

Section

1

Recently-issued FASB literature.

 

 

 

Section

2

Private Company Council Updates

 

2-a

ASU 2013-12: Definition of a Public Business Entity

 

2-b

ASU 2014-02: Accounting Alternative for Goodwill

 

2-c

ASU 2014-03: Simplified Hedged Accounting Approach

 

2-d

ASU 2014-07: Accounting Alternative for Variable Interest Entities

 

2-e

ASU 2014-18: Accounting Alternative for Identifiable

Intangible Assets

 

 

 

Section

3

2015 Accounting Standards Updates

 

3-a

ASU 2015-01: Extraordinary Items Eliminated

 

3-b

ASU 2015-02: Revisions to Consolidation Analysis

 

3-bb

ASU 2017-02: Clarification for General or Limited Partner Not-for-Profit Entity

 

3-c

ASU 2015-03: Presentation of Debt Issuance Costs

 

3-d

ASU 2015-04: Practical Expedient for the Measurement

Date for Defined Benefit Plans

 

3-e

ASU 2015-05: Accounting for Fees Paid in Cloud Computing Arrangements

 

3-f

ASU 2015-06: Effects of Dropdown Transactions on Earnings per

Unit

 

3-g

ASU 2015-07: Disclosures for Investments Measured Using Net

Asset Value Per Share

 

3-h

ASU 2015-08: Amendments to SEC Guidance Related to Pushdown

Accounting

 

3-i

ASU 2015-09: Disclosures for Short-Duration Contracts

 

3-j

ASU 2015-10: Technical Corrections

 

3-k

ASU 2015-11: Measuring Inventory

 

3-l

ASU 2015-12: Simplifications for Pension and Benefit Plan

Accounting

 

3-m

ASU 2015-13: Normal Purchases and Sales Scope Exception:

Electricity Contracts

 

3-n

ASU 2015-14: Deferral of the Effective for Revenue Recognition

Guidance

 

3-o

ASU 2015-15: Debt Issuance Costs Associated with Lines of Credit

 

3-p

ASU 2015-16: Measurement Period Adjustments

 

3-q

ASU 2015-17: Classification of Deferred Taxes

 

 

 

Section

4

2016 Accounting Standards Updates

 

4-a

ASU 2016-01: New Recognition and Measurement Guidance for

Financial Assets and Liabilities

 

4-b

ASU 2016-02: Leases

 

4-c

ASU 2016-04: Liabilities Associated with Prepaid Stored-Value

Products

 

4-d

ASUs 2016-05 and 06: Derivatives and Hedging

 

4-e

ASU 2016-07: Equity Method Transition

 

4-f

ASU 2016-09: Improvements: Shared Based Payments

Accounting

 

4-g

ASU 2016-13: Measuring Credit Losses

 

4-h

ASU 2016-14: Not-for-Profit Financial Statements

 

4-i

ASU 2016-15: Cash Flow Classification

 

4-j

ASU 2016-16: Income Tax Consequences of Intra-Entity Asset

Transfers

 

4-k



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