The accelerated rate of accounting change reflected in the major standards projects on the FASB and GASB's agendas means the financial executives and CPA practitioners need to understand the technical details of any new accounting standards. They also need to address the effects of the new financial accounting and reporting requirements on business operations, information technology, internal controls, contracts, and regulatory compliance. This course provides a structured approach to the analysis and implementation of a new accounting standard. The materials include templates and practice aids useful to both the client and the practitioner.