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FASB, SSARS, and SAS Update and Review

FASB, SSARS, and SAS Update and Review

$169$109.95
  • SKU : A0305
  • OUR PRICE :$109.95
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  • CREDIT HOURS : 24
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FASB, SSARS and SAS Update and Review
 
Course Description:
 
The purpose of this course is to inform the reader of the various changes affecting accounting, compilation and review, and auditing engagements as well as a review and recall of existing standards. Topics include a summary of newly issued FASB statements, new statements issued by the Auditing Standards Board, changes in compilation and review, current and pending developments, practice issues, and more.
 
Learning Objectives:
 
Upon successful completion of this course, participants will be able to:
 
  • Recognize a key change made to GAAP by the new lease standard
  • Identify a type of lease that exists for a lessee under ASU 2016-02
  • Recall a type of lease for which the ASU 2016-02 rules do not apply 
  • Identify some of the types of benefits a lessee can obtain from a leased asset
  • Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules
  • Identify the definition of near term
  • Recall the frequency in which an entity should test goodwill for impairment
  • Recognize some exit and disposal costs
  • Recognize the type of expense that is the basis for measuring the amount of the ERC.
  • Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model.
  • Recognize where to present the ERC in the statement of income using the IAS 20 grant model.
  • Identify some of the eligible expenses related to use of PPP loan proceeds
  • Recognize approaches to account for PPP loans under GAAP
  • Recall how to present  debt issuance costs on the financial statements
  • Identify the goal of the FASB’s Disaggregation-Income Statement Expenses project
  • Recognize one of the characteristics of a multi-employer pension plan
  • Recognize the model that ASU 2016-13 uses to deal with credit losses
  • Identify how credit losses should be recorded under new ASU 2016-13
  • Identify an example of an attribute of information obtained as audit evidence
  • Recognize actions an auditor should perform in evaluating information used as audit evidence
  • Recognize attributes of information to be used as audit evidence
  • Identify a scenario in which it would be impracticable for an auditor to attend a physical inventory
  • Recognize an advantage of remote auditing
  • Identify which party is responsible for determining that engagement team members have appropriate competence and capabilities to perform a SSARS engagement
 
 
 
Course Number:
A0305
NASBA Field of Study:
Accounting

Level:                    

Overview

Author/Instructor:

Steven C. Fustolo

Publication Date:

April 2024

 

CPE Credits:

24

 

Program Prerequisites:

Basic understanding of U.S. GAAP, compilation and review, and audit standards

 

Advanced Preparation:

None

 

 

 

 

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FASB, SSARS, and SAS Update and Review

Instructor:

Credits: 24

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