$750.00
• Duration: 1 Day
• Mode of Delivery: Online -Instructor-led training,, Live Virtual (Zoom / Teams), In-Person Corporate Training, Group or Individual Enrollment
• Job role: Business Leaders, Designed for experienced CPAs and accounting professionals requiring sophisticated, up-to-date technical knowledge.
• Preparation for exam: None
• Cost: USD$ 1,000.00
Financial reporting is evolving faster than ever. New ASUs, complex transactions, industry-specific challenges, and regulator expectations demand exceptional technical clarity. This course gives you the power, precision, and confidence to lead.
This course is designed for high-level financial leaders, including:
Stay ahead of FASB changes. Strengthen reporting accuracy. Sharpen your technical edge.
This 1-day intensive course is designed for senior accounting professionals who must interpret complex standards, guide financial reporting strategy, and advise executive leadership with confidence.
Participants will walk away with advanced capabilities that elevate decision-making:
This is the kind of training senior strategists use to stay 12 months ahead of the curve.
This curriculum gives senior strategists the exact insights they need to lead technical conversations effectively.
Click on the following link to see the current Course Schedule
Our minimum class-size is 3 for this course.
If there are no scheduled dates for this course, it can be customized to suit the time and skill needs of clients and it can be held online, at a rented location or at your premises.
Click on the following link below to arrange for a custom course: Enquire about a course date
The FASB, or Financial Accounting Standards Board, is the independent organization in the United States responsible for creating and improving the accounting rules known as U.S. GAAP (Generally Accepted Accounting Principles).
Think of the FASB as the “rule-maker” for how companies prepare financial statements—income statements, balance sheets, cash flows, footnotes, and more.
Its job is to make sure financial information is:
✔ Consistent
✔ Comparable
✔ Transparent
✔ Useful for investors, lenders, regulators, and the public
The FASB issues rules called ASUs (Accounting Standards Updates).
These updates refine or change GAAP.
Examples:
Accounting evolves as business evolves.
The FASB constantly:
Companies often ask:
“What is the correct accounting treatment for this?”
The FASB provides interpretations, examples, and Q&A documents to help.
The FASB’s ultimate mission is to:
Improve how companies communicate financial information.
This helps investors make smarter decisions and strengthens trust in the financial markets.
The FASB is overseen by:
But the FASB does not work for the government—it is private, independent, and funded by accounting support fees and contributions.
(Required by the SEC)
(U.S. GAAP is the standard for lending, audits, and investors)
(GAAP for nonprofits comes from FASB ASC 958)
CPAs, CFOs, auditors, controllers—all rely on FASB standards.
1. Identify an issue (e.g., crypto accounting, leases, revenue)
2. Research & outreach
3. Public meetings
4. Issue exposure draft (public comments invited)
5. Finalize and issue ASU
6. Companies adopt it based on effective dates
This process is designed to be transparent and involve investors, regulators, and professionals.
CANCELLATION POLICY – There is never a fee for cancelling seven business days before a class for any reason. Data Vision Systems reserves the right to cancel any course due to insufficient registration or other extenuating circumstances. Participants will be advised prior to doing so.
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