Accounting and Financial Reporting

1. New Accounting Pronouncements and Standards (~7 minutes)
   1. ASC 326, Financial Instruments-Credit Losses

                                                    i.     “Current Expected Credit Losses”  (aka – CECL)

1. ASC 405-50, Liabilities Supplier Finance Programs
2. CECL – A Brief Overview (~7 minutes)
   1. Requirements
   2. Practical Illustrations
3. Overview of Top 5 Restatement Categories (Accounting Today) (~2 minutes)
4. Revenue Recognition Refresher (~15 minutes)
   1. Step 2 – Identify the performance obligation

                                                    i.     Differentiating between a single obligation or multiple

1. Step 3 – Identify the transaction price
2. Step 4 – Allocate the transaction price
3. Tax Current Hot Topics (~10-15 minutes)

We have an Orange County FENG LinkedIn group.  Go to  https://www.linkedin.com/groups/3279301/ in order to join.  We are using it to circulate job leads.