Understanding the GAAP Codification Update

CD & Manual
  386452TMX $219.00 USD Add to Cart
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 85 Min. Audio MP3 - No shipping cost
   386452POD $219.00 USD Add to Cart
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What is a Podcast?

Benefits

The official launch of the FASB Codification began on July 1, 2009. On that date the codification became the official single source of authoritative nongovernmental U.S. GAAP. The codification will be effective for interim and annual periods ending after September 15, 2009. The codification will supersede existing FASB, AICPA, EITF and related literature, which means there will no longer be a GAAP hierarchy. Instead, there will only be one level of authoritative GAAP, excluding the guidance issued by the Securities and Exchange Commission, all other literature will be nonauthoritative. Preparers and auditors of financial reports must be aware of and prepared for the transition to the new codification. This teleconference will give you the knowledge and skills needed to thoroughly understand and confidently navigate and conduct research using the new FASB Accounting Standards Codification.


Agenda

New System: Codification
  • History
  • Purpose and Content
  • Advantages
Accounting Standards Codification Structure
  • Topics
  • Subtopics
  • Sections
  • Subsections
  • Paragraphs
Traditional Research vs. Codification Research System
  • Keyword Search
  • Navigating the Codification
Example Case Study
  • Research Process Using Codification
Future Standards
  • Incorporated Into Codification
  • Role of FASB

Faculty

Caroline "Carie" O. Ford, Baylor University

Caroline “Carie” O. Ford
  • Currently teaches undergraduate level “Accounting Research and Communication” course at Baylor University
  • Taught the codification to more than 90 accounting majors at Baylor University since the codification’s trial period began January 2008
  • More than 11 years of college level teaching experience
  • Co-authored two articles related to codification in the Journal of Accountancy (December 2008) and Today’s CPA (November/December 2008)
  • Ph.D. degree, Texas Tech University
  • M.B.A. and B.B.A. degrees, Baylor University
  • Contact her at carie_ford@baylor.edu





These Materials are Designed For

Accountants, CPAs, CEOs, presidents, vice presidents, CFOs, controllers, business owners and managers, enrolled agents and attorneys

CD & Manual - CD Set with bound 26 page manual
Podcast - 85 Minute MP3 with 26 page electronic manual - Immediate Access and No Shipping Cost