A FASB/SAS Update for 2010 (111172)
REGISTRATION STATUS:
OPEN
Click here to add this event to your electronic calendar (then click OPEN when prompted).
Description:
To familiarize participants with those FASB statements and SAS
pronouncements which impact local CPA firms. Course content will
emphasize those issues most relevant to smaller firms with no SEC
clients. Coverage will reflect the most recently issued authoritative
literature and illustrate implementation issues and reporting alternatives.
Major Topics:
- FASB Overview
- Business Combinations: SFAS No. 141(R) & No. 160 Major changes and items unaffected The acquisition / fair value approach Examples and Illustrations Consolidation and noncontrolling interest
- Internal Control and Financial Reporting ASB and PCAOB on internal control COSO and small companies SAS No. 112 on internal control reporting Tone at the top & closely held companies
- FIN No. 48 & Uncertain Tax Positions Recent FASB & IRS changes Pass-through entities and OCBOA reporting State tax Issues Examples and unresolved areas
- Accounting for Loans & Investments in the Current Financial Climate Credit problems and the impact on smaller businesses FASB Statements No. 114, No. 115 & No. 124 Impairment guidance: FAS No. 115-1 Issues for auditors, examples and illustrations
- Compilation and Review Update Review of recently issued SSARS SSARS exposure drafts & interpretations Practice issues Independence in compilation engagements
- Recent FASB Developments Fair value measurement: SFAS No. 157 & No. 159 Pensions & postretirement benefits Not-for-profit exposure drafts Liabilities and equity
- Auditing Standards Update
Who Should Attend:
Staff members of small- to medium-sized firms and personnel in non-
public firms who are involved with FASB or SAS applications
LOGIN
MAIL
SEARCH
