CFO2203. Accounting and Financial Reporting Update

This session will provide an update on the FASB's standard-setting activities, including recently issued Accounting Standards Updates and current projects on the FASB's technical agenda that may impact private companies. Specific topics that will be covered include updates to the new leasing standard, certain aspects of accounting for business combinations and asset acquisitions, subsequent accounting for goodwill and identifiable intangible assets, and fair value considerations for share-based payment awards.

Learning Objectives:

• Recognize the FASB's current agenda and active projects
• Identify narrow-scope improvements being made to the new leasing standard (ASC 842)
• Assess changes to the accounting for asset acquisitions and business combinations, as well as the subsequent accounting for identifiable assets and goodwill
• Evaluate the relief being provided to determine the fair value of equity-classified share-based payment awards issued by a non-public entity