This is session 3 of 3 in The Future of CAS Series 2025

Effective October 14, 2025, some of the first changes involving CAS to GAAP convergence will be implemented.  Specifically adopting the GAAP operating revenue definition and ASC 842 lease accounting terminology.  After discussing the implications of the new regulation on a contractor’s cost accounting practices, we’ll consider CAS Board open cases on asset accounting (CAS 404/409), paid time off (CAS 408), and material and inventory accounting (CAS  411).  Furthering the convergence, we’ll look at other measurement and assignment standards to include standard costing (CAS 407), deferred compensation (CAS 415), and accounting for insurance costs (CAS 416)

Learning Objectives
After completing this webinar, you will have:
-    An understanding of the implications of the new regulation on a contractor’s cost accounting practices
-    Reviewed CAS Board open cases on asset accounting, paid time off, and material and inventory accounting (CAS 411)



These live webinars are eligible for both CLE and CPE credit.
NOTE: CPE/CLE credit for attendees are subject to participation and approval by the governing boards. NASBA CPE ACCREDITATION INFORMATION
Learning Level: Beginner
Prerequisites: None
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based

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West Professional Development is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.