What’s Going on at the FASB

Salepage : What’s Going on at the FASB
Archive : What’s Going on at the FASB Digital Download
Delivery : Digital Download Immediately

This course will cover the Accounting Standards Updates (ASUs) issued recently by the FASB as well as those that will be effective soon. The course starts with ASU 2020-05, which delays the effective dates of revenue recognition and leases. We then review the standards effective for 2020 for public entities and private entities to ensure that attendees are aware of what changes are coming to financial statements this year. We will then turn our attention to a more detailed review of ASU 2016-02 and discuss how to implement Topic 842, Leases. We close with a review of standards that are coming down the pike. This course is intended to keep you up to date with what is going on at the FASB and perhaps help you consider whether 2020 is a good opportunity to early adopt some standards that will reduce cost and complexity. 

Basic Course Information

Learning Objectives

• Describe new ASUs issued by the FASB
• Identify the key financial reporting changes of the leases standards
• List standards that will be effective for 2020 calendar year ends
• Recognize standards that will be effective in the near future

Major Subjects

• Accounting
• FASB

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

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