Course Description
Publish/Revision Date: This course was published on 2/9/2026.
The purpose of this course is to inform the reader of the various changes to accounting and financial reporting affecting the accounting professional. Topics include a review of FASB projects including those related to leases and financial instruments, practice issues involving the statement of cash flows, fair value reporting, pensions, the international convergence project, little GAAP, and more. The course also includes a discussion of tax issues impacting financial statements and a review of selected recently issued accounting standards updates (ASUs).
The structure of the course is to encourage the reader to recall existing GAAP rules coupled with identifying, stating, and outlining rules related to new and proposed pronouncements.
