This class is designed for those professionals who will never do accounting and auditing stuff in the remainder of their careers yet need to meet a regulatory burden. Recent pronouncements from the FASB, ASB, and ARSC are presented and discussed from a perspective that allows a non-A&A person to understand what’s coming on their way in terms of financial statement treatment of items that may result in a different tax treatment, including the new revenue standard and leasing changes. Tax professionals may have an educational and fun time meeting the regulatory requirements.