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FASB financial accounting & reporting

About this topic

Financial professionals are facing unprecedented changes in financial accounting and reporting. Economic, regulatory, and global forces are demanding higher-quality reporting while standards are in continual flux. These learning resources are designed to help you understand the knowledge and skills needed in the areas of financial accounting and reporting to appropriately serve their employers or clients.

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Annual Accounting and Auditing Workshop

Get up-to-date on the latest standards, including accounting, auditing, compilation, preparation, and review.

Course – Textbook Audit Foundational

U.S. tax and FASB’s new paradigm for revenue recognition

This sweeping new standard for revenue recognition has many important tax considerations. This article explains those considerations.

Article Revenue recognition Intermediate

FASB New Not-for-Profit Standard: Maintaining Auditor Independence

This blog post discusses several areas where auditors can help clients implement the new standard.

Article Audit Intermediate

Get revenue recognition right at not-for-profits

Costly revenue recognition mistakes can be avoided by following best practices that lead to proper judgments. This article explores these best practices.

Article FASB financial accounting & reporting Intermediate

Not-for-Profit Accounting and Auditing: Practical Cases for CPAs

This CPE course uses case studies and real-world scenarios to help you navigate the key issues that arise in not-for-profit accounting and auditing.

Course – Textbook Financial statement presentation Intermediate

7 Key Facts on the FASB’s Revenue Recognition Standard

The FASB has postponed the effective date of its revenue recognition standard, giving additional time to prepare for implementation. Learn seven facts about the new...

Article Revenue recognition Foundational

Bringing leases into view

This article discusses how the new lease standard will result in changes in recognition and presentation on the balance sheet for lessees.

Article Leases Foundational

Avoid Potholes: For a Smooth Ride to Peer Review

This guide will help you pinpoint areas your firm might need to take a closer look at to ensure quality standards are being met.

Report Peer review Intermediate

Preferability and the private company alternatives

This article discusses how FASB principle for accounting policy decisions affects election of options developed by the Private Company Council.

Article FASB financial accounting & reporting Intermediate

Will simpler also be better?

This article discusses 7 ways reduced complexity will affect the financial reporting world.

Article FASB financial accounting & reporting Foundational

New challenges in a delicate process: Difficulties presented by FASB's going-concern standard

This article examines the new going concern look-forward period, disparities with audit guidance, and a new triggering threshold.

Article Going concern Foundational

Lost and found: Booking liabilities and breakage income for unredeemed gift cards

This article describes FASB’s treatment for gift cards, as prescribed in Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606).

Article Revenue recognition Intermediate