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2021 New Issues In Financial Statement Preparation

  • CPA/ABV
  • CIA
  • CMA
  • CVA
2021 New Issues In Financial Statement Preparation

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 CPD credit (Verifiable) for CPA/ABV

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues

(13)

Nov 29, 2021 | 09:00 AM EST View Details

SOX Internal Controls for Accounts Payable

(8)

Nov 29, 2021 | 09:30 AM EST View Details

Accounting & Tax Implications of Credit Losses

(2)

Nov 29, 2021 | 09:30 AM EST View Details

Investigating and Resolving Sexual Harassment Claims

(147)

Nov 29, 2021 | 09:30 AM EST View Details

Quickbooks for Desktop PC Exploring the Interface - For Beginners

(17)

Nov 29, 2021 | 10:00 AM EST View Details

Excel Accountant: Intro to Spreadsheets In-Depth

(6)

Nov 29, 2021 | 10:00 AM EST View Details

Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing

(11)

Nov 29, 2021 | 10:00 AM EST View Details

Best Overview on Individual Tax Updates Latest (Basic)

(137)

Nov 29, 2021 | 10:00 AM EST View Details

Report Writing Techniques for Audit Professionals

Nov 29, 2021 | 10:00 AM EST View Details

Auditing & Attest Update - Hot Topics For Current Period Audits And Other Attest Services

(1)

Nov 29, 2021 | 10:00 AM EST View Details

Adding Value through Plan Governance: Essential Documents

(121)

Nov 29, 2021 | 10:30 AM EST View Details

Basis Calculations & Distributions For Pass-thru Entity Owners Schedule K-1 Analysis (Latest)

(126)

Nov 29, 2021 | 11:00 AM EST View Details

Everything You Need to Know About Partnerships

(15)

Nov 29, 2021 | 11:00 AM EST View Details

Employment Branding and YOU!

Nov 29, 2021 | 11:00 AM EST View Details

Effectively Handling CP 2100 letter and B Notices

Nov 29, 2021 | 11:00 AM EST View Details

Course Description

The Coronavirus (Covid-19) pandemic presents a challenge, unprecedented in modern times, for businesses both locally and internationally. Although its effects are uneven across the economy, many sectors have been severely affected and none have been left untouched.

In the face of this challenge, users of financial statements want to understand not only how the historical financial performance has been impacted, but also what it means for a company's prospects.

This means that preparers of financial statements will have to dedicate additional effort to ensure that the financial statements meet the users’ and the auditors’ expectations relating to the impact of COVID-19 on the business.

2021 financial statements need to be prepared with a different perspective than has been done in the past. 

In this second year of the COVID-19 coronavirus pandemic, the impacts and risks for your company are likely to be changing.

COVID-19 recovery is uneven globally and is presenting a variety of challenges and risks from economic uncertainty to changes in consumer demand, disrupted supply chains and staff shortages, new hybrid working patterns, the ending of government support packages, and increased merger and acquisitions activity. 

This CPE course will discuss what was learned with last year’s initial implementation of the revenue recognition standard. 

In addition, COVID-19 has resulted in the need for special attention to be placed on impairments, goodwill, going concern, subsequent events, and debt restructuring. 

This CPE webinar will also discuss the implementation of new lease standards to be implemented in 2022 and accounting for digital assets.

Learning Objectives

  • To discuss what was learned from last year’s implementation of the revenue recognition standard with the goal of proper preparing of this year’s statements.
  • To analyze challenges presented by COVID-19 and how they need to be reported on financial statements.
  • To discuss what was learned by the 2020 public company implementation of the new lease standard and how this will affect private company financial statements.
  • To discuss the complexities of financial reporting of digital assets. 

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Staff of Accounting Firm
  • Young CPA

Testimonial

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