Financial Accounting Update 2016
Presentation given in December 2015 at Financial Accounting & Reporting Update at Philadelphia Hyatt Bellevue
Link to 2016 event schedule: 2016 CPE Calendar
Presented: Rich Stuart from RSM where he is a Partner in their National Standard Group
The three main topics covered in the presentation included an Accounting Standard Update, Other agenda projects and Private Company Accounting Alternatives.
Topics in the update included;
ASU 2015-01: Extraordinary and unusual items
ASU 2015-02: Consolidations
ASU 2015-03: Debt Issuance Costs
ASU 2015-15: Debt Issuance Costs/Line of Credit Arrangements
ASU 2015-05: Cloud computing fees
ASU 2015-11: Inventory
ASU 2015-14: Deferral of Effective Date
ASU 2015-16: Business Combinations and Measurement Period Adjustments
ASU 2015-17: Balance Sheet Classification of Deferred Taxes
Other agenda projects covered included convergence projects (revenue recognition, financial instruments and leasing).
Link to 2016 event schedule: 2016 CPE Calendar