Accounting & Auditing

Accounting Standards Update

Steve Van Meter, CPA
CliftonLarsonAllen, LLP


Session Description

This session will provide an overview of Accounting Standards Updates (ASUs) issued since 2016 and their impact on financial reporting. The majority of the session will focus on ASUs issued in 2017 (there have been 10 ASUs issued through May 2017). You will learn what’s in the pipeline regarding proposed standards to identify issues which may impact your business and clients. Discussion will also highlight any new activities of the Private Company Council including ASUs that have been issued specifically for private companies. 

Course Objectives

1. Understand recently issued ASUs and how they impact financial reporting
2. Review the activities of the FASB’s Private Company Council
3. Learn about what’s on the horizon

Course is designed for accountants in both public and private practice that are responsible for making certain that financial statements are prepared in conformity with U.S. GAAP. This includes auditors as well as internal accountants who are part of the financial reporting process.      

Field of Study:
Financial Statements & Reports

Experience Level:
Intermediate