Fair Value for Financial Assets and Liabilities
Duration: 2 Days
The programme answers questions such as:
1. What are the recent and likely future changes in US GAAP?
2. When will new requirements be effective?
3. What are the application and transition rules relating to new pronouncements?
4. How does international convergence affect US GAAP filers?
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
Teaching Method
- Live group instruction
- Explanation and discussion of current and upcoming accounting issues
- All participants receive copies of the presentation slides and other course materials
Course Summary
|
Topics include:
- Accounting for Financial Guarantee Insurance Contracts—an interpretation of FASB Statement No. 60 (FAS 163)
- The Hierarchy of Generally Accepted Accounting Principles (FAS 162)
- Disclosures about Derivative Instruments and Hedging Activities - an Amendment of FASB Statement 133 (FAS 161)
- Non-controlling Interests in Consolidated Financial Statements (FAS 160)
- Business Combinations (FAS 141R)
- The Fair Value Option for Financial Assets and Liabilities (FAS 159)
- Fair Value Measurements (FAS 157)
- Accounting for Servicing of Financial Assets (FAS 156)
- Accounting for Certain Hybrid Financial Instruments (FAS 155)
- Accounting for Uncertainty in Income Taxes (FIN 48)
- Verification Document - FASB Accounting Standards Codification
- Exposure Drafts
|
- Financial Instruments with Characteristics of Equity
- Not for Profit Organizations: Goodwill and Other Intangible Assets Acquired in a Merger or Acquisition
- Not for Profit Organizations: Mergers and Acquisitions
- Earnings per Share
- Reducing Complexity in Reporting Financial Instruments
- Accounting for Hedging Activities
- Disclosure of Certain Loss Contingencies
- Accounting for Transfers of Financial Assets
- Amendments to FASB Interpretation No. 46R
- Current FASB Agenda – Major Joint Projects with IASB
a- Revenue Recognition,
b- Liabilities and Equity,
c- Financial Statement Presentation,
d- Income Taxes, Earnings per Share,
e- Discontinued Operations,
f- Emissions Trading Schemes,
g- Financial Instruments
- Current Technical Updates
- FASB Staff Positions (recently issued and pending)
|
