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Annual Accounting and Financial Reporting Update - 2024 4 Credits

Annual Accounting and Financial Reporting Update - 2024 4 Credits

  • Rating

    4.5
  • Published on

    April, 2024
  • Subject Area

    Accounting

Select your learning mode

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  • Take the assessment test
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Dec 19, 2024 | 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!

Dive into the world of CPA CPE courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!

Explore CPA CPE Courses with MY-CPE. Our online offerings make it easy for you to fulfill your CPA CPE requirements. With a broad selection of topics taught by experienced professionals, you can enjoy flexible scheduling and self-paced learning. Say goodbye to traditional methods and begin your path to professional growth with us today!

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

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

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

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.

Ratings and Review

4.5

Excellent

Very Good

Average

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JB

Jim Balthaser, CPA (US)

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)

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.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    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 - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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