myCPE

Annual Accounting and Financial Reporting Update - 2024 4 Credits

Jan 17, 2025, 01:00 PM ET

Annual Accounting and Financial Reporting Update - 2024 4 Credits

  • Rating

    4.5

  • Published on

    December, 1969

  • Subject Area

    Accounting

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
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Jan 17, 2025, 01:00 PM ET

Learning Objective

  • Recall “plain language” explanations of current and emerging U.S. GAAP requirements.
  • List recent accounting standards activity highlights – Through ASU 2023-09.
  • Identify “hot topics” in accounting and financial reporting.
  • Explain why significant new FASB accounting standards were released and what their most significant impact was.

Course Overview

Dive into recent regulatory changes affecting financial reporting and learn to navigate them effectively. Gain practical insights into accounting standards, including debt securities, goodwill impairment, business combinations, and crypto assets. The new changes include modifying existing sections, introducing fresh topics, and sometimes eliminating older ones.

This CPE Course will explore targeted changes to the other-than-temporary impairment (OTTI) model and understand their implications for debt securities. We will simplify goodwill impairment testing and learn to apply practical expedients in business combination accounting. We will also discover the impact of ASU 2021-08 on revenue contract recognition and ASU 2020-06 on reporting convertible instruments.

Uncover the complexities of reporting crypto assets under ASU 2023-08 and stay informed about their fair value measurement. Engage in interactive discussions and case studies to reinforce your understanding of key concepts. 

Topics Covered:

  • OTTI Model Changes
  • Goodwill Impairment Simplifications
  • Practical Expedients in Business Combinations
  • Revenue Contract Recognition
  • Reporting Convertible Instruments
  • Reporting Crypto Assets

Join this CPE Course with the latest accounting updates, empowering your professional growth and success in the ever-evolving financial landscape!

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 4 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 4 CPE Eligible
Accounting for Certified Management Accountants (CMA) 4 CPE Eligible
Financial Reporting for Chartered Global Management Accountants (CGMA) 4 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 4 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 4 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 4 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 4 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 4 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 4 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 4 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 4 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 4 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 4 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 4 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 4 CE Eligible
Accounting for CIPM 4 PL Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 4 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 4 CPE Eligible
Accounting for Certified Management Accountants (CMA) 4 CPE Eligible
Financial Reporting for Chartered Global Management Accountants (CGMA) 4 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 4 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 4 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 4 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 4 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 4 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 4 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 4 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 4 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 4 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 4 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 4 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 4 CE Eligible
Accounting for CIPM 4 PL Eligible

Additional Information

Credits

4

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Stay Ahead of the Game with Jennifer Louis CPD/CPE Webinars

Jennifer Louis , CPA (US)

President, Emergent Solutions Group LLC

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

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JB

Jim Balthaser, CPA (US)

5

Jennifer is an excellent instructor and I'm pretty sure the firm I worked for before retirement used her when we hired Audit Watch to review our workpapers and provide feedback. Thanks for a good update on A&A topics that need to be considered for 2024 year end reporting.

MS

Mufu Sadiku, CPA (US)

5

The Annual Accounting and Financial Reporting Update for 2024 presented by Jennifer Louis was very informative in all aspects that she has mentioned. I am glad that I am able to attend this very updating session and what to expect for the year 2024.

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