Auditing Developments
Topics include a review of selected FASB Emerging Issues Task Force
(EITF) Consensus Opinions, recent SEC developments affecting
pensions, stock options and financial performance reporting, pending
changes, and more.

Major Subjects:

  • Summary of Recent FASB Statements Issued in 2005:/2006
  • FASB Emerging Issues Task Force (EITF)- Selected Issues
  • Latest Developments on the Accounting Front
  • Reporting Information About the Financial Performance of
    Business Enterprises  
  • Revenue Recognition
  •  XBRL Reporting Language Update
  • The Statement of Cash Flows- Coming Under Scrutiny by the
    Investment Community  
  • Restatements and Other Financial Reporting Abuses
  •  Company Pensions Are in Trouble- FASB Reform Proposed
  • Accounting and Disclosure Requirements Related to the
    Medicare Prescription Drug, Improvement and Modernization Act
    of 2003  
  • You Need Principles to Use Principles-Based Accounting
  • Attempt to Converge to International Accounting Standards  
  • The Move to Fair Value Accounting  
  • FASB’S Massive GAAP Codification  
  • Is Big GAAP- Little GAAP Finally Going to Happen?  
  • Priorities of the FASB  
  • Life Insurance and Life Settlements
  • FASB Warns About the Danger of "Undue Political Pressure"  
  • Clarifying the Useful Life of Intangible Assets- FASB No. 142  
  • Reporting Comprehensive Income  
  • Supply of Accounting Graduates  
  • Surveys of CFOs- Top Risks to Business  
  • AICPA's Top 10 Technology Issues-2006  
  • The Impact of Implementing FASB No. 123R, Share-Based
    Payments on Company Earnings  
  • Disclosures of Related Parties  
  • Changes Coming to FASB No. 13- Lease Accounting
  • Impact of Implementing FIN 46R: Consolidation of Variable
    Interest Entities
  • Dealing with the Impairment of Real Estate Held for Use  
Course Description:
Steven C. Fustolo, CPA, MBA

10

Accounting & Auditing

Basic

General understanding of compilation and review
engagements.

Interactive Self-Study

Online / CD-Rom / Textbook / Audio
Author:

CPE Credits:

Field of Study(s):

Experience Level:

Prerequisites:


Delivery Method:

Course Format:
Pilot - Test
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