FASB's "Big 3" – Revenue Recognition, Leases, and Financial Instruments

When
March 28
8:00 a.m. - 4:00 p.m.

Where
Sheraton Harrisburg Hershey Hotel
Harrisburg - Map it

CPE Credits
8-A&A

Details

 Pricing

PICPA Member: $275 | Nonmember: $375

CLE Credit Add-On: $50


 More Information

Course No.
729104
Level
Intermediate
Prerequisites
Experience in financial accounting and reporting

Description

 

Address the three big elephants in the room! Get a comprehensive review and update on FASB’s big three accounting and reporting areas – revenue recognition, leases, and financial instruments – and their effect on all industries. Use examples in this hands-on class to better assess the new standards and how they apply to your clients or organization.

Highlights

  • FASB’s comprehensive new revenue recognition standard: Topic 606, Revenue from Contracts with Customers, and recent updates to the standard
  • The new five-step principles-based revenue recognition model
  • Revenue presentation, disclosures, and implementation guidance
  • Key differences between current U.S. GAAP and revenue recognition
  • Lease accounting guidance (Topic 842)
  • Lessee vs. lessor accounting
  • Sale and leaseback transactions
  • Issued ASUs relating to financial instruments on classification and measurement, impairment, and its recent exposure draft on hedging


Speaker(s)

Richard Daisley, CPA

 

Rich is a CPA and has over 25 years of experience in the accounting and auditing field. He has worked in both the client service setting as well as in internal capacities as a facilitator of accounting and auditing courses.  He was an assurance manager with PwC, spending time in both the assurance practice as well as with PwC’s Capital Markets and Accounting Advisory Services group, where he advised clients on the implementation of new accounting pronouncements as well as on issues related to public offerings. Rich also worked in PECO Energy’s Merger and Acquisition group, where he performed financial due diligence that supported PECO’s acquisition activity in the energy sector. He has experience in the manufacturing, health care, energy, and pharmaceutical industries.

 

Prior to joining Surgent, Rich also has more than 10 years of experience as a course developer and facilitator, creating and leading training courses on such topics as revenue recognition, stock based compensation, equity instruments and performing integrated audits under the Sarbanes-Oxley legislation. He also designed and delivered courses on instructor development and facilitation skills to senior PwC internal course instructors. 

 

In 2015 he joined Surgent as Director, Accounting & Financial Reporting Content. In this role, he researches and develops the technical content for Surgent’s Accounting and Financial Reporting curriculum.

 


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