Which FASB ASUs become effective in the next year and beyond? How should the new guidance be applied? This course helps to answer those questions by addressing GAAP financial accounting and reporting topics in conjunction with an overview of recent FASB pronouncements. Applicable to a broad cross section of accountants, this course is a must for CPAs and management accountants in business and industry. Utilizing detailed descriptions and examples of how to implement the new standards, this course instructs you on how to assess new and recent FASB guidance having a major effect on all industries. It will allow you to gain an understanding of the latest pronouncements and exposure documents, and how to develop implementation strategies.


  • Identify and apply select FASB accounting and reporting guidance.
  • Identify the latest FASB final guidance.
  • Identify current FASB exposure drafts and projects.


  • The financial reporting environment
  • Summary of recent FASB releases
  • Financial accounting and reporting topics impacted by guidance recently-issued or effective in the near term (such as leases, revenue recognition, and going concern)
  • Review of significant accounting and reporting topics

Who Will Benefit

Accountants, controllers, internal auditors, and other management-level accounting personnel and educators


Category Amount
Accounting 8.00


  • Thomas M. Sheets

    Thomas M. Sheets, CPA, is a Certified Public Accountant with over 35 years experience in auditing and tax return preparation for businesses and individuals. He established his own consulting, tax, and accounting practice 19 years ago in Enid, Oklahoma. He provides consulting, auditing, and tax planning and preparation services for a wide variety of individual clients and industries. Mr. Sheets started with a Big Eight accounting firm in Tulsa, Oklahoma and then was with a large, local CPA firm in Enid, Oklahoma for 15 years. He has written and led seminars for leading providers of CPE for over 28 years on various topics including real estate accounting, construction accounting and tax, fraud, bank auditing, tax issues for nonprofit organizations, compilation and review, cash and tax basis financial statements, and nonprofit accounting and auditing.

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