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Financial Reporting in the Cannabis Industry 1 Credit

Financial Reporting in the Cannabis Industry 1 Credit

  • Rating

    4.8
  • Published on

    September, 2024
  • Subject Area

    Accounting

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Dec 26, 2024 | 11:30 AM ET

Learning Objective

  • Discuss unique financial reporting requirements and accounting standards for the cannabis industry.
  • Explain how revenue recognition principles and cost accounting techniques are applied to prepare accurate financial statements for cannabis businesses.
  • Implement best financial statement presentation and disclosure practices to comply with regulatory requirements.
  • Analyze and facilitate informed decision-making by stakeholders through accurate and transparent financial reporting practices.

Course Overview

Delve into the specialized realm of financial reporting for cannabis businesses with this comprehensive webinar. Gain valuable insights into crucial aspects such as revenue recognition, cost accounting, and financial statement presentation tailored specifically for the cannabis sector. Whether you're a financial professional aiming to deepen your industry knowledge or new to cannabis finance, this course equips you with practical guidance on navigating complex accounting standards and regulatory requirements unique to the cannabis industry. Learn to prepare accurate and compliant financial reports that facilitate informed decision-making and ensure regulatory adherence in this rapidly evolving field.

Major Topics Covered:

  • Overview of the Cannabis Industry
  • Legal landscape: Federal vs. State regulations
  • Importance of accurate financial reporting in this industry

By the end of this webinar, participants will be well-versed in the nuances of financial reporting within the cannabis industry. Enhance your skills and confidence in preparing financial statements that meet industry standards and regulatory expectations, positioning yourself as a proficient professional in cannabis finance.

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!

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

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

Additional Information

Credits

1

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

Zachary Gordon is a CPA with over fifteen years of professional experience across multiple industries and functions. He serves as the fractional CFO, strategic and tax advisor for a portfolio of crypto, cannabis and tech companies. 

Zach focuses on tax planning and optimization, financial modeling and advisory services, business structuring and transaction support. He has also advised clients in the real estate, healthcare, nonprofit, fintech, media and consumer goods sectors.

Zach holds a Bachelor of Science degree in Accounting from Binghamton University. He is a member of the American Institute of CPAs (AICPA) and the New York State Society of CPAs (NYSSCPA).

Zach sits on the NYSSCPA Board of Directors, Cannabis Committee, and Technology Assurance Committee. He is the current Chair of the Digital Assets Committee and was Chair of the Cannabis Industry Committee for three terms. He was named to the Society’s inaugural Forty Under 40 in 2020. He also sits on the AICPA National Cannabis Committee and was named a Forty Under 40 CPA by CPA Practice Advisor in 2021, 2022 and 2023. He is an advisor to CoFounders Lab’s Accelerator Program, advising startups on financial and operational matters.

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

4.8

Excellent

Very Good

Average

Poor

Terrible

CH

Cory Holz, CPA (US)

This was a really interesting topic and the presenter did a really good job talking about this topic and keeping the session interesting.

KL

Katherine Lewis, CPA (US)

Interesting topic handled deftly by Zachary

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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