2022 GAAP Update
Author: Lewis R. Fisher
| CPE Credit: |
2 hours for CPAs |
Join Lewis Fisher as he walks through the updates to US GAAP impacting the 2022 calendar year end reporting period. This course will be unique as we look sequentially at the accounting standard updates versus a topical approach. To ensure all recent pronouncements are captured, we will revisit standards issued in late 2021, to ensure you are alert to changes that could impact your reporting. Discussion will be given to existing standards originating from the FASB’s Private Company Council and how these can streamline reporting requirements.
Publication Date: December 2022
Designed For
Anyone with financial reporting responsibilities and those in public accounting serving clients who utilize US GAAP.
Topics Covered
- Practitioner Matters
- Relevant Audit Updates Impacting GAAP
- Accounting for Cryptocurrencies
- FASB Agenda Priorities
- Recent SEC Proposals
- PPP Loan Accounting
- Employee Retention Credit Accounting Considerations
- 2022, 2021 and 2020 Standards Updates
Learning Objectives
- Recognize required GAAP reporting requirements for your company or clients
- Identify proper accounting treatment for crypto currencies
- Recognize how to properly apply new accounting standards
- Describe how to strategize for implantation of the new lease standard
- Identify areas where Private Company Council standards can be applied
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
Basic understanding of GAAP.
Advance Preparation
None
