Rhode Island Society of CPAs – Accounting Standards Review for Controllers and Finance Professionals


Get a comprehensive review of current accounting standards that impact practitioners in industry. Recent auditing pronouncements and related developments which affect CPAs in industry will be addressed. While the course will review many of the major pronouncements of the past ten years, coverage and emphasis will be customized to the interests of the participants. Choose the topics to be covered in this seminar based on your interests.

Learning Objectives
  • Recognize the reporting options provided by FASB and AICPA for non-public companies
  • Learn how FASB & IASB’s convergence agenda is reshaping revenue recognition, lease accounting, and financial instrument reporting
  • Receive an update on recent trends in fraud reporting and internal control
  • Obtain a broad-based understanding of a wide range of accounting issues that affect practitioners in industry, both today and in the coming 12 months
  • Understand how SEC, AcSEC, EITF, ASB, and IASB are adapting to demands for different, more timely, and accurate financial information
Major Topics
  • Overview of accounting standard setting
  • Update on private company reporting
  • Revenue recognition, transitioning to the new standard
  • Lease accounting
  • Financial instrument accounting
  • Fair value accounting
  • A practical guide to impairment
  • Contingencies and subsequent events
  • Principles-based accounting
  • Fraud
  • Internal control reporting in public and non-public entities
  • Business combinations & goodwill accounting
Business Learning Institute
Course Level
Professional Area of Focus
Business & Industry
Accounting & Auditing
CPE Field of Study
Who Should Attend

CPAs in industry who prepare and analyze financial reports; CPAs in practice with industry clients who need an overview of current accounting standards will also find the course to be beneficial

Ray Thompson


Rhode Island Society of CPAs
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Oct 30, 2019
8:30 am - 4:30 pm EST
Rhode Island Society of CPAs
Total CPE Credits

Register for this Event

Rhode Island Society of CPAs – Accounting Standards Review for Controllers and Finance Professionals

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