CFO2321. Accounting Standards 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 the new current expected credit loss standard, changes made to the accounting for convertible instruments, certain aspects of accounting for business combinations, and reference rate reform.

Learning Objectives:

• Recognize the FASB's current agenda and active projects
• Identify the changes mandated by the new current expected credit loss standard and plan for adoption of the standard
• Indicate whether changes made to the accounting for convertible debt instruments will be relevant for a specific company
• Identify changes to the accounting for asset acquisitions and business combinations
• Recognize & plan for potential accounting implications of the upcoming reference rate reform