Review newly implemented and recently issued FASB pronouncements for 2023.
As the accounting landscape continues to progress, it is important for accountants and CPAs to understand the potential impacts on their processes, policies, and required disclosures, as well as the public accountant's considerations for auditing these new topics. These topics will also include a review of the takeaways from revenue recognition, financial instruments, and lease implementations for small companies and a brief discussion on what may be around the corner with newly proposed accounting standard updates. This presentation will help identify and recognize relevant and critical new topics and accounting regulations.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Topics
Reference Rate Reform
- Overview of Impact on Liabilities
- Deferral of Sunset Issued in 2022
Financial Instruments
- Credit Losses - Topic 326
- Insurance Updates - Topic 944
- Fair Value - Hedging and Measurement - Topics 815 and 820
Other Updates for 2022-2023
- Leases - Common Control Arrangements
- Liabilities - Supplier Finance Programs
- Investments - Equity Method and Joint Ventures
Refresher on and Learnings From Pervasive New Accounting Standards
- Leases
- Revenue Recognition
- Disclosures
What's Around the Corner - Proposed Accounting Standards Not Finalized
- Crypto Assets
- Income Tax Disclosures
- EITF Discussions
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 21, 2023.
Call 1-866-352-9540 for further credit information.
Enrolled Agents 1.0
- In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 1.0 Continuing Education Credit(s) for enrolled agents.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Genevieve Hancock
G Hancock Advisory, LLC
- Owner and principal consultant of G Hancock Advisory, LLC
- Highly acclaimed technical accountant and mentor working extensively across hyper-growth organizations for assurance of GAAP compliance for financial reporting, as well as across large public companies for implementations of new accounting standard up-dates and financial reporting compliance
- Previously worked as the VP, Global Controller, and Chief Accounting Officer for Exactech, The Walt Disney Company supporting parks and resorts, Brown & Brown Insurance, and Trader Interactive
- Regular speaker for accounting conferences and events across the country
- Member of AICPA, VSCPA, FICPA, American Mensa, and Mensa International
- Licensed CPA
- B.B.A. degree in accounting with a concentration in process management and consulting, The College of William and Mary
- Can be contacted at [email protected], www.linkedin.com/genevievehancock, or www.ghancockadvisory.com
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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