Memphis Account Fest: Annual FASB Update and Review
375 | Course | Intermediate | Scheduled
This course provides a detailed discussion of the key topics related to financial reporting in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically, the course will review recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot-button accounting issues, such as what is on the FASB's technical agenda. This course is the place to go for a concise but comprehensive update on the significant topics impacting financial accounting and reporting.
|Number of Credits||Type of Credits|
Practicing CPAs and their staffs, both in public accounting and business and industry, controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review
Experience in financial accounting and reporting
- Private company standard setting activities
- Recent FASB Accounting Standards Updates (ASUs)
- Topic 842, Leases
- Topic 326 on Impairment
- Lessons learned and sustainment efforts related to Topic 606
- Be aware of recent private company standard setting activities
- Review the latest FASB Accounting Standards Updates (ASUs)
- Understand the new lease accounting guidance found in Topic 842, Leases
- Recall the applicability of ASC Topic 326 to accounts receivable balances
- Recall key provisions of recently issued FASB Updates
- Member (Early Bird)
- Non-Member (Early Bird)
Robert W. Wells, CPA, CFE
Robert "Wayne" Wells has 51 years of experience in public accounting and annually instructs numerous continuing education seminars and in-firm training classes for continuing education providers in the areas of accounting, auditing, fraud, and taxation.
Wells began his career in public accounting in 1970 with the national firm of what was then Touché, Ross & Co. in Nashville, Tennessee. In 1974, he joined a local firm in Nashville and provides accounting, auditing, fraud investigations, and tax services to small- and medium-sized businesses as well as extensive tax services to individuals.
Wells graduated from Austin Peay State University in Clarksville, Tennessee in 1970 with a Bachelor of Science degree in accounting and economics. He holds a certified public accountant certificate in Tennessee, and is also a Certified Fraud Examiner. He is a member of the Tennessee Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the American Institute of Certified Public Accountants. He is a recipient of the Outstanding Discussion Leader Award presented by the Tennessee Society of Certified Public Accountants, the Outstanding Discussion Leader Award presented by the AICPA, and an Outstanding Discussion Leader Award presented by Surgent..Back to Instructors