GAAP Refresher
*Covers
FIN 48 - Good Industry Course*
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Get your arms around those complex GAAP rules that all too
often result in financial statement restatements. You will be provided with clear,
concise, realistic examples of financial instruments, deferred taxes, stock options, FIN
46(R) issues, impairments and other “troublesome issues”.
Designed For
CPAs preparing financial statements. This course
provides answers to some of the more complicated accounting issues facing accountants.
Objective
Participants will be able to:
Explain the accounting and disclosure requirements of specific recent pronouncements
Gain practical knowledge and proficiency in applying troublesome pronouncements
Troublesome areas in accounting for income taxes, including
FIN 48 and FSP FIN 48-1… Financial instruments and fair value (FASB 157 and
FASB 159)… Recent changes in asset impairments, goodwill and intangibles,
guarantees and liability recognition... Current topics in employee benefits,
including FASB 158… Problem areas with FIN 46(R)... Frequent
“errors” in the statement of cash flows… Problems in accounting for
leases.
Presentation Method: Lecture and group discussion of cases and discussion questions.
Level of Knowledge: Basic
Prerequisites: None
Recommended CPE Credit: 8 hours
Field of Study: Accounting
Advance Preparation: Participants should be familiar with FASB statements dealing with the topics covered.
Availability Date: 06/01/2008
Author(s): Deborah Rose, CPA
Qualifies for 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm.