Surgent's Financial Reporting Update for Tax Practitioners

Available Anytime

Location: Online

8Credits

Accounting and Auditing

Registration is Open

FICPA Members

~~$199.00 Regular Price~~

Nonmembers

$275.00 Regular Price

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Product Code: SU24-AAUP-SSWC

Level: Update

Vendor: Surgent

Field of Study: Auditing, Accounting

Overview:

Tax advisors will be updated on the most recently enacted legislation and IRS guidance as well as updates of recent standard-setting activities at the FASB and AICPA. To start, the course will review the significant tax, financial accounting, auditing, accounting services, and ethics guidance issued by standard setters over the past few years. The course will also focus on the unique income tax reporting implications of recently issued accounting standards, such as leases (ASC 842) and credit losses (ASC 326). The course then discusses the preparation of tax-basis financial statements. Lastly, the course will dive into the unique income tax accounting considerations which arise from certain types of transactions, such as stock-based compensation, and review the presentation and disclosure requirements of ASC 740.

Objectives:

Recall recent legislation with income tax implications
Recognize recently issued Accounting Standards Updates (ASUs)
Understand updates to ASC 842 and ASC 326
Identify financial statement presentation and disclosure requirements under ASC 740
Remember significant standards issued by the AICPA

Major Topics:

Recent standard setting and consulting activities at the FASB
Proposed updates to income tax accounting and financial statement disclosures
Tax basis financial statements
Recently issued Statements on Auditing Standards and other audit-related hot topics

Designed For:

All tax practitioners desiring to remain up-to-date on recent accounting, reporting, and compilation and review activities

Prerequisite:

Experience in financial accounting and reporting

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.