Navigating the New FASB Codification: Research Real-Life Accounting Issues (111032)
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Description:
Now you can not only get up to speed on the new FASB Online Accounting Codification, but at the same time you can use the Codification to research and get answers to some of the top accounting issues fielded by the AICPA's Technical Hotline! The Codification - a major restructuring of existing accounting and reporting standards - has been released by the FASB for a one-year verification period, and then becomes authoritative in April 2009. It is essential that professionals, both in industry and public practice, become familiar with using it.
Objectives:
Upon completion of this course, participants will be able to: Grasp how U.S. accounting standards will soon: Be principles-based Include a new conceptual framework Converge with international standards Follow the structure of the new FASB Codification Efficiently navigate the Codification website Research real accounting issues using a variety of techniques and online tools
Major Topics:
Structure of the FASB Codification How to navigate the Codification website Research current technical hotline accounting topics
Who Should Attend:
Accountants in industry and public practice who must research accounting and financial reporting issues
Prerequisite:
Experience in financial reporting
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