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

Sep 26
8:00 - 4:00 p.m.

Penn State Great Valley - Main Bldg
Malvern - Map

8-A&A
CPE Credits

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

Registration

PICPA Member: $275
Nonmember: $375

More Information

Course No. 729101 Level: Intermediate

Prerequisites: Experience in financial accounting and reporting

Speaker(s)

Jeffrey Lieman

Jeffrey Lieman, CPA
Lieman Associates LLC

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals.

Mr. Lieman’s previous experience includes serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland, where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.