This course explores the Financial Accounting Standards Board (FASB), its mission, structure, and how it develops accounting standards. It helps CPAs understand the roles of the board and its advisory groups in shaping financial reporting. The course covers the standard-setting process, including how stakeholder input is gathered through comment letters and the post-implementation review process. It also explains the conceptual framework that guides standard development and how changes to accounting standards are communicated.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify the mission and organizational structure of the FASB
•    Recognize the roles of board members and advisory groups in the standard-setting process
•    Differentiate among the key advisory groups and their influence on financial reporting standards
•    Determine how stakeholder perspectives are incorporated through these groups
•    Recall the steps involved in the FASB standard-setting process
•    Identify the role of public comment letters in shaping accounting standards
•    Distinguish the purpose and timing of the post-implementation review process

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. 

A course evaluation form is provided for your feedback, upon course completion. Participants have 1 year from the date of purchase/enrollment to complete this course 

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/