Course Information

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Accounting and Financial Reporting: Current Developments (Second Edition)
Author: Steven C. Fustolo, CPA

Description:
The Emerging Issues Task Forces (EITF) was formed to assist the FASB in early identification of emerging issues affecting financial reporting, and problems in implementing authoritative pronouncements.

Accounting and Financial Reporting: Current Developments (Second Edition) reviews the following EITF consensus opinions:

  • EITF Issue No. 04-5: Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights

  • EITF Issue No. 04-8: The Effect of Contingently Convertible Debt on Diluted Earnings per Share

  • EITF Issue 04-10: Determining Whether to Aggregate Operating Segments That Do Not Meet the Quantitative Thresholds

  • EITF Issue No. 04-12: Determining Whether Equity-Based Compensation Awards Are Participating Securities

  • EITF Issue No. 04-13: Accounting for Purchases and Sales of Inventory with the Same Counterparty

  • EITF Issue No. 05-2: The Meaning of Conventional Convertible Debt Instrument in EITF Issue No. 00-19, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Companyĵs Own Stock

  • EITF Issue No. 05-5: Accounting for Early Retirement or Postemployment Program with Specific Features (Such as Terms Specified in Alterseilzeit Early Retirement Arrangements)

  • EITF Issue No. 05-6: Determining the Amortization Period for Leasehold Improvements Purchased after Lease Inception or Acquired in a Business Combination

  • EITF Issue No. 05-7: Accounting for Modifications to Conversion Options Embedded in Debt Instruments and Related Issues

  • EITF Issue No. 05-8: Income Tax Consequences of Issuing Convertible Debt With a Beneficial Conversion Feature

The second half of the course focuses on practice issues such as:

  • Cash Flows

  • Dealing with the Impairment of Real Estate Held for Use

  • Clarifying the Useful Life of Intangible Assets- FASB No. 142

Course Details:
Price:  $48.00
Field of Study:  Accounting
Prerequisites:  Basic knowledge of accounting and financial reporting
Level:  Update
Advanced Preparation:  None
Course was last updated on:  09/12/06
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Library:
Learning Center Core

Technical Requirements:
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Credit Available For: Units
CPE 4.0 CPE
QAS 4.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

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