Technical Update Recent Accounting Standards Updates Employee Share-Based Payment Accounting Improvements (ASU and ASU )

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1 Course introduction This two-day course examines recent and future developments in US financial reporting and accounting research applications. The program provides a technical update on US GAAP. It has been specifically developed to update experienced preparers and users of financial statements on developments that have recently occurred, as well as other recently effective and impending pronouncements. Technical update coverage includes new and proposed FASB Accounting Standards Updates, recent SEC issues, the Dodd-Frank Act, and FASB agenda projects. The program also includes a discussion of trends in recent SEC comment letters. This course answers questions such as: What are the recent and likely future changes in US GAAP? When will new requirements be effective? What are the application and transition rules relating to new pronouncements? Topics US GAAP Background and Update Current FASB Technical Plan Overview and History of US GAAP Other Developments impacting US reporting: Recent SEC issues Trends in SEC comment letters Technical Update Recent Accounting Standards Updates Employee Share-Based Payment Accounting Improvements (ASU and ASU ) Pension Plan Accounting (ASU and ASU ) Goodwill Impairment (ASU ) Business Combinations: Clarifying the Definition of a Business (ASU ) Revenue Recognition Corrections and Improvements: Revenue from Contracts with Customers ( ASU ) Printed from on 8 May 2018 Page 1 of 5

2 Principal versus Agent (ASU ) Financial Instruments Hedge Accounting (proposed standard) Current Expected Credit Loss Model (ASU ) Recognition and Measurement (ASU ) Simplifying the Transition to the Equity Method of Accounting (ASU ) Contingent Put and Call Options in Debt Instruments (ASU ) Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (ASU ) Leases Updated Leases (ASU ) PCC Issue No , Effective Date and Transition (ASU ) Leases (ASU ) Other Recognition and Measurement of Financial Assets and Financial Liabilities (ASU ) Balance Sheet Classification of Deferred Taxes (AS U ) Simplifying the Accounting for Measurement Period Adjustments (ASU ) Application of the Normal Purchases and Normal Sales Scope Exception to Certain Electricity Contracts within Nodal Energy Markets (ASU ) Employee Benefit Plan Simplifications (AS U ) Simplifying the Measurement of Inventory (ASU ) Technical Corrections and Improvements (ASU ) Proposed and Outstanding Exposure Documents Conceptual Framework Consolidation Statement of Cash Flows Long-Duration Contracts Liabilities and Equity Disclosure Framework Private Company Decision Making Framework PCAOB updates Teaching method Group live instruction Printed from on 8 May 2018 Page 2 of 5

3 Presentation of technical update examples and case studies Explanation and discussion of current and upcoming accounting issues Use of real-world financial statements for illustration Interactive participation is encouraged All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials Prerequisites A reasonable prior knowledge of the technical requirements of US GAAP is assumed. No other advance preparation is required for this course. Course benefits Understand the current US financial reporting environment Apply recent changes in US GAAP and plan ahead for expected future changes Build on existing knowledge and be prepared to comply with upcoming requirements Become familiar with recent SEC developments Consider the future direction of US GAAP Network and interact with other experienced practitioners Benefit from real-world illustrations Testimonials See what past participants said about this course: Thoroughly enjoyed my first experience with IAS. Very informative. Nick Burns, Navigator Gas, UK Printed from on 8 May 2018 Page 3 of 5

4 As usual, it was an excellent seminar. [Instructor] did a fantastic job gearing the session to the participants' needs. Who should attend? This course is primarily designed for those who currently prepare or are planning on preparing their financial statements under US GAAP. It is also suitable for those employed by subsidiaries of US parents companies in order to comply with US consolidation rules. The course is designed for industry controllers, accountants, and auditors and finance professionals who want to keep up-to-date with developments that have occurred in the past 12 months and impending pronouncements. CPE / CPD Accreditation NASBA IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Field of study: Accounting ICAEW Partner in Learning IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs. Texas State Board of Public Accountancy IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. In House Printed from on 8 May 2018 Page 4 of 5

5 To bring this course in-house please contact us and we will be pleased to assist Printed from on 8 May 2018 Page 5 of 5