CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

The FASB Big 3

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Accounting

Course Description

 

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • List the five steps involved in the new revenue recognition model
  • Recognize the considerations involved in identifying whether a contract exists
  • Identify the considerations involved with measuring the transaction price
  • Recognize the steps involved in allocating the transaction price to performance obligations
  • Determine whether an arrangement contains a lease
  • Identify the criteria for the new finance lease and short-term leases
  • Recognize the new recognition and measurement requirements for both lessees and lessors
  • Identify the recognition criteria for sales-type, direct financing, and operating leases
  • Identify the overall requirements with respect to lease modifications
  • Recognize the criteria used for sale and leaseback transactions
  •  Identify the presentation requirements for both lessees and lessors
  •  Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors
  • Identify the effective date for the new lease accounting standards
  • Identify the key provisions as it relates to the new credit losses standard
  • Recognize the credit loss measurement requirements for assets measured at amortized cost
  • Recognize the credit loss measurement requirements for available-for-sale debt securities
  • Identify the financial statement disclosure requirements related to credit losses
  • Identify the effective date and transition requirements for the new credit loss standard

Course Specifics

Course ID
1203530
Revision Date
August 14, 2020
Number of Pages
104
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat assignment). Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors. Kelen is …

Kelen Camehl, CPA, MBA Read More »

The FASB Big 3

Expert Instructors
Format
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Accounting

Course Description

 

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • List the five steps involved in the new revenue recognition model
  • Recognize the considerations involved in identifying whether a contract exists
  • Identify the considerations involved with measuring the transaction price
  • Recognize the steps involved in allocating the transaction price to performance obligations
  • Determine whether an arrangement contains a lease
  • Identify the criteria for the new finance lease and short-term leases
  • Recognize the new recognition and measurement requirements for both lessees and lessors
  • Identify the recognition criteria for sales-type, direct financing, and operating leases
  • Identify the overall requirements with respect to lease modifications
  • Recognize the criteria used for sale and leaseback transactions
  •  Identify the presentation requirements for both lessees and lessors
  •  Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors
  • Identify the effective date for the new lease accounting standards
  • Identify the key provisions as it relates to the new credit losses standard
  • Recognize the credit loss measurement requirements for assets measured at amortized cost
  • Recognize the credit loss measurement requirements for available-for-sale debt securities
  • Identify the financial statement disclosure requirements related to credit losses
  • Identify the effective date and transition requirements for the new credit loss standard

Course Specifics

Course ID
1203530
Revision Date
August 14, 2020
Number of Pages
104
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat assignment). Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors. Kelen is …

Kelen Camehl, CPA, MBA Read More »

The FASB Big 3

Expert Instructors
Format
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear