Annual Update for Accountants and Auditors
AICPA 1. Aufl.
The rate of change in today’s regulatory environment can make it challenging to stay current on the topics affecting the accounting profession. Keep abreast of the fast-paced changes in accounting and auditing in this comprehensive book that provides information critical to an accountant’s success. This book covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, and compilation, preparation, and review arenas. This book covers important topics such as revenue recognition, leases, financial instruments, as well as intangible assets, consolidation, and statement of cash flows. The authors sort through the complexities and help identify and apply recently issued FASB, PCAOB, and ASB standards and guidance. This book will prepare the accountant to do the following: Understand recently issued FASB standards and guidance. Assess the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services. Become familiar with exposure drafts and other projects in accounting, auditing, compilation, preparation, and review services.
Chapter 1 1-1 FASB Accounting Standards Updates Broad Issues 1-1 FASB ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern 1-2 FASB ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory 1-5 FASB ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes 1-7 FASB ASU No. 2016-07, Investments Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting 1-9 FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities 1-10 FASB ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) 1-15 FASB ASU No. 2016-16, Income Taxes (Topic 740): Intra- Entity Transfers of Assets Other than Inventory 1-18 FASB ASU No. 2016-17, Consolidation (Topic 810): Interests Held Through Related Parties That Are Under Common Control 1-19 FASB ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) 1-21 FASB ASU No. 2017-01, Clarifying the Definition of a Business (Topic 805) 1-23 FASB ASU No. 2017-04, Intangibles Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment 1-25 Chapter 2 2-1 FASB Accounting Standards Updates Narrowly Applicable 2-1 FASB ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis 2-2 FASB ASU No. 2015-03, Interest Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs 2-4 FASB ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments 2-6 Chapter 3 3-1 Revenue Recognition, Financial Instruments, and Leases 3-1 FASB ASU No. 2014-09, Revenue From Contracts with Customers (Topic 606) 3-2 FASB ASU No. 2016-01, Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities 3-18 FASB ASU No. 2016-02, Leases (Topic 842) 3-22 Chapter 4 4-1 Private Company Financial Reporting 4-1 Private Company Council 4-2 FASB ASU No. 2016-03, Intangibles Goodwill and Other (Topic 350), Business Combinations (Topic 805), Consolidation (Topic 810), Derivatives and Hedging (Topic 815): Effective Date and Transition Guidance (a consensus of the Private Company Council) 4-5 FASB ASU No. 2014-02, Intangibles Goodwill and Other (Topic 350): Accounting for Goodwill (a consensus of the Private Company Council) 4-7 FASB ASU No. 2014-03, Derivatives and Hedging (Topic 815): Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps Simplified Hedge Accounting Approach (a consensus of the Private Company Council) 4-10 FASB ASU No. 2014-07, Consolidation (Topic 810): Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements (a consensus of the Private Company Council) 4-13 FASB ASU No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination (a consensus of the Private Company Council) 4-15 Current PCC Issues 4-17 Summary of PCC Activities 4-18 Chapter 5 5-1 FASB Exposure Drafts and Projects 5-1 Recognition and Measurement Projects 5-2 Presentation and Disclosure Projects 5-4 Chapter 6 6-1 The Current Environment and Implications for Audit Planning 6-1 Obtaining an Understanding of the Entity and Its Environment 6-2 Considering Economic Conditions to Lower Audit Engagement Risk 6-3 Other Issues to Monitor 6-12 Summary 6-14 Chapter 7 7-1 Recently Issued Auditing Standards 7-1 Recently Issued SASs 7-3 SAS No. 131, Amendment to SAS No. 122 Section 700, Forming an Opinion and Reporting on Financial Statement Audits 7-10 SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern 7-13 Proposed SAS 7-19 Summary of Recently Issued Audit Interpretations 7-23 Summary 7-25 Chapter 8 8-1 Clarified Attestation Standards 8-1 Restructuring of the SSAEs 8-2 Recently Issued Measurement Criteria 8-6 Summary 8-13 Chapter 9 9-1 Recent Guidance From the PCAOB 9-1 Auditing Standards Projects Underway at the PCAOB 9-2 Proposed Auditing Standards 9-5 Summary 9-15 Chapter 10 10-1 Preparation, Compilation and Review Engagements Update 10-1 SSARS Clarity Project 10-2 Recently Issued SSARS 10-5 Recently Issued SSARS Interpretation 10-13 Exposure Draft of Proposed New Statements on Standards for Accounting and Review Services 10-15 Summary 10-16 Chapter 11 11-1 Other Recently Issued Guidance 11-1 Overview of COSO 11-2 Proposed Revision of COSO's ERM Framework 11-3 Audit Quality Initiatives 11-9 Summary 11-17 Glossary 1 Index 1 Solutions 1 Chapter 1 Solutions 1 Chapter 2 Solutions 2 Chapter 3 Solutions 3 Chapter 4 Solutions 4 Chapter 5 Solutions 5 Chapter 6 Solutions 5 Chapter 7 Solutions 6 Chapter 8 Solutions 7 Chapter 9 Solutions 8 Chapter 10 Solutions 9 Chapter 11 Solutions 10 Recent Developments Users of this course material are encouraged to visit the AICPA website at www.aicpa.org/CPESupplements to access supplemental learning material reflecting recent developments that may be applicable to this course. The AICPA anticipates that supplemental materials will be made available on a quarterly basis. Also available on this site are links to the various "Standards Trackers" on the AlCPA's Financial Reporting Center which include recent standard-setting activity in the areas of accounting and financial reporting, audit and attest, and compilation, review and preparation.
Kurt G. Oestriecher, CPA, is partner in charge of accounting and auditing services at Oestriecher & Company. He has also served as an Adjunct Instructor of Accounting at Louisiana State University at Alexandria and Northwestern State University. In addition, he functions in many capacities for the Louisiana Society of CPAs on its board and varying committees, is Past President of the LCPA and past President of the Central Louisiana Chapter of Society of Louisiana CPAs, and the current chair of the LCPA Professional Ethics Committee. He is a member of the AICPA and has served on the Accounting and Review Services Committee, which issues the Statements on Standards for Accounting and Review Services. He also served a six year term on the AICPA Joint Trial Board, and recently completed a three year term on AICPA Council Mark Beasley, PhD, CPA, is the Deloitte Professor of Enterprise Risk Management and Director of North Carolina State's Enterprise Risk Management (ERM) Initiative, which provides thought leadership about ERM practices and its integration with strategy and corporate governance. He is a frequent speaker at national and international conferences and works with boards of directors and senior executives on risk oversight issues. Beasley has authored over 80 research articles and business publications and he is the author of a leading auditing textbook.
Diese Produkte könnten Sie auch interessieren:
NeuheitenPro-Aktive-Führung. Der Schlüssel z... 14,99 €
Sometimes less is more. A critical ... 14,99 €
Problem that Affect the Developemen... 14,99 €
Peter Pan 12,99 €
Monday or Tuesday 9,99 €