Overview
This course provides a detailed discussion on the key topics related to financial reporting, though in a summarized format. The course will focus on recent ASUs issued by the FASB, including the 12 ASUs issued in 2025, with a concentration on issues of greatest significance to most accounting practitioners. The greatest emphasis on the ASUs will focus on those effective in 2025 and 2026. Specifically, the course will review ASUs addressing financial instruments, disaggregated expenses, government grants, credit losses under ASC 326, and the final stages of the ASC 842 post-implementation review (PIR) report findings. Other hot-button accounting issues, such as what is on the FASB’s technical agenda, are also discussed.
Objectives
- Be aware of recent private company standard-setting activities
- Review the latest FASB Accounting Standards Updates (ASUs)
- Recall key provisions of recently issued FASB Updates
- Recall common non-GAAP financial measures and requirements surrounding their disclosure
- Understand the key provisions and updates to Topic 842, Leases, and the results of the final stage of the FASB’s PIR process, including its final report on the topic
Prerequisite
Experience in financial accounting and reporting
