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CPE Self-Study

Common U.S. GAAP Issues Facing CPAs

  • $179.00-$229.00
    Common U.S. GAAP Issues Facing CPAs Backordered Product #: 745778
    AICPA Member: $179.00
    Non-Member: $229.00
  • $129.00-$169.00
    Common U.S. GAAP Issues Facing CPAs Online Access Product #: 163992
    AICPA Member: $129.00
    Non-Member: $169.00
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    Product #: GT-FRU

Are you looking for a review and update of common GAAP issues important to all CPAs? This broad-ranging CPE course covers FASB accounting and reporting developments that apply to all companies. Emphasizing financial statement disclosures in addition to accounting methods, the course presents implementation guidelines and disclosure illustrations from actual financial statements.

Learning Objectives

This course will prepare you to do the following:

  • Identify and apply select FASB accounting and reporting guidance.
  • Recall concepts related to FASB projects.
  • Recall key points related to disclosures.

Key Topics

  • The financial reporting environment
  • Summary of recent FASB releases
  • Accounting and reporting topics common to most entities, including the following:
    • Recognizing revenue under the new standard
    • The new leasing model
    • Fair value accounting
    • Inventory
    • Intangible assets, goodwill, and asset impairment and disposal issues
    • Property, plant, and equipment — including capitalized interest and nonmonetary transactions
    • Accounting for debt
    • Accounting for income taxes
    • Financial statement presentation and notes disclosures
    • The financial statements

Who Will Benefit?

  • Accountants in practice and industry who need an intermediate level review and update on recent financial accounting and reporting pronouncements

System Requirements

About the Authors

Renee Rampulla, CPA, CGMA

Staten Island, NY

Renee Rampulla, CPA, CGMA, has over twenty years of professional experience. She consults, writes, and lectures on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm's accounting and auditing practice and their quality control group.

Renee is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. Renee is the recipient of the AICPA's 2013-2014 and 2014-2015 Outstanding Discussion Leader Award.

For several years Renee has been an adjunct lecturer at a university in New York City. She has taught numerous undergraduate accounting and auditing courses. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the New York State Society of Certified Public Accountants (NYSSCPA), the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman's Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the National Conference of Certified Public Accountants Practitioners.

Renee has recently been nominated to the NYSSCPA board; Sserves as chair of the NYSSCPA's Professional Ethics Committee; the 2014- 2015 Chair of the NYSSCPA's Nominating Committee, pastthe Vice President of the NYSSCPA's Staten Island Chapter, and a member of the NYSSCPA's Financial Accounting Standards Committee. She is the immediate past chair of the NJSCPA's Accounting and Auditing Standards Interest Group and a member of the NJSCPA's audit committee. She has also served as co-chair of the NJSCPA FASB and International Accounting Standards.

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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