Live Webinar

100-minute live streaming program
  • June 21
  • 1:00 - 2:40 pm EST

Accounting and Reporting Update: Latest Developments from FASB and EITF

June 21

Review newly implemented and recently issued FASB pronouncements for 2023.

As the accounting landscape continues to progress, it is important for accountants and CPAs to understand the potential impacts on their processes, policies, and required disclosures, as well as the public accountant’s considerations for auditing these new topics. These topics will also include a review of the takeaways from revenue recognition, financial instruments, and lease implementations for small companies and a brief discussion on what may be around the corner with newly proposed accounting standard updates. This presentation will help identify and recognize relevant and critical new topics and accounting regulations.

Learning Objectives

  • You will be able to identify the relevant accounting updates issued for your organization.
  • You will be able to discuss more meaningful disclosures for your stakeholders related to new accounting standard pronouncements.
  • You will be able to review items currently in discussion for accounting changes in the near future.
  • You will be able to explain the necessary improvements to project plan for accounting impacts.

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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Topics
Reference Rate Reform
  • Overview of Impact on Liabilities
  • Deferral of Sunset Issued in 2022
Financial Instruments
  • Credit Losses – Topic 326
  • Insurance Updates – Topic 944
  • Fair Value – Hedging and Measurement – Topics 815 and 820
Other Updates for 2022–2023
  • Leases – Common Control Arrangements
  • Liabilities – Supplier Finance Programs
  • Investments – Equity Method and Joint Ventures
Refresher on and Learnings From Pervasive New Accounting Standards
  • Leases
  • Revenue Recognition
  • Disclosures
What’s Around the Corner - Proposed Accounting Standards Not Finalized
  • Crypto Assets
  • Income Tax Disclosures
  • EITF Discussions
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More Program Information

Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Accounting 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, tax managers, controllers, CFOs, presidents, vice presidents, enrolled agents, and financial planners.

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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Genevieve Hancock

Genevieve Hancock

G Hancock Advisory, LLC

  • Owner and principal consultant of G Hancock Advisory, LLC
  • Highly acclaimed technical accountant and mentor working extensively across hyper-growth organizations for assurance of GAAP compliance for financial reporting, as well as across large public companies for implementations of new accounting standard up-dates and financial reporting compliance
  • Previously worked as the VP, Global Controller, and Chief Accounting Officer for Exactech, The Walt Disney Company supporting parks and resorts, Brown & Brown Insurance, and Trader Interactive
  • Regular speaker for accounting conferences and events across the country
  • Member of AICPA, VSCPA, FICPA, American Mensa, and Mensa International
  • Licensed CPA
  • B.B.A. degree in accounting with a concentration in process management and consulting, The College of William and Mary
  • Can be contacted at [email protected], www.linkedin.com/genevievehancock, or www.ghancockadvisory.com
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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 410576
Published 2023
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