This course is a 2026 Accounting & Auditing Update focused on what practitioners actually need to know for current and upcoming reporting cycles. We’ll walk through the 2025 Accounting Standards Updates, key proposals, and practice “hot topics” that affect private companies and smaller public entities, using clear, example-driven explanations. The emphasis is on understanding what changed, when it will be effective, and how it will impact your accounting policies, estimates, disclosures, and audit approach.

2025 Accounting Standards Updates

· ASU 2025‑03 through ASU 2025‑09

Digital Assets and Stablecoins

AICPA 2025 Criteria for Stablecoin Reporting

Hot Topics in Practice

· CECL in practice

· Revenue recognition “gotchas”

· Lease accounting

· Share‑based payments and modifications

· Sustainability / ESG reporting

This course provides participants with a clear understanding of the most significant 2025–2026 accounting and auditing updates, including new FASB standards on purchased loans, hedge accounting, and revenue involving share-based consideration. Participants will learn to apply the updated guidance, evaluate its impact on financial reporting, and implement required changes to CECL models, revenue processes, and disclosure practices.