Live Stream: FASB Update for Small and Medium-Sized Businesses: A Practical Implementation Guide
355 | Partner Virtual Events | Update | Scheduled
Recently updated to include discussion of the FASB's new lease standard, this course is designed for small and medium-sized business practitioners and their staff, whether in public accounting or business and industry, and will provide you with a comprehensive review of recent FASB accounting and reporting matters most relevant to smaller companies including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASB's current technical agenda; Revenue Recognition; the final issued lease accounting standard; and other important practice matters that small and medium-sized businesses should be aware of. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients.
|Number of Credits||Type of Credits|
|8||Accounting and Auditing|
PrerequisitesExperience in financial accounting and reporting
HighlightsPrivate company standard setting activities FASB Accounting Standards Updates (ASUs) relevant to smaller businesses Revenue recognition implementation guidance The recently-issued lease accounting standard Other important practice matters to practitioners who serve small- and medium-size businesses
ObjectivesBe familiar with recent private company standard setting activities Review recently issued FASB Accounting Standards Updates as they relate to small and medium-sized businesses Understand the impact of implementing FASB's new revenue recognition standard Review the FASB's recently-issued lease accounting standard Be aware of other important practice matters Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
Download course material prior to event.
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Thomas Newell, CPA
Thomas (Tom) is a shareholder in the firm of Newell & Newell, P.C. located in Columbus, GA. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980. Tom started the firm with his wife Silvia Newell, CPA in 1986, prior to that his public accounting experience included both local firms and international firms. Tom is an active peer reviewer having performed over 200 reviews and has been involved with the peer review program since 1989.
Tom served on the Georgia Society peer review committees from 1989 to 1993, in 1993 Tom was selected to be one of the technical reviewers for the Georgia Society and served as a technical reviewer for the Georgia Society for 9 years. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a frequent speaker for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics) and the Accounting Institute. Tom is also a discussion leader for various continuing education courses on A&A topics of compilation and review, nonprofit, audit & accounting, and peer review.Back to Facilitators