Accounting & Auditing CPE Course on 2021 GAAP, GAAS, & SSARS Updates

Before starting this self study program, please go through the instructional document.

Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

848-10 Overview and background

4 mins
Shortcut Method

25 mins
Overview and background

37 mins
Disclosure accounting alternatives

51 mins
Variable lease payments

67 mins
Evaluating information to be used as audit evidence

83 mins
Corroborative or contradictory information

104 mins
Risks of material misstatement

131 mins

Course Description

Sometimes it is a little difficult to keep up with the amendments in accounting standards issued by GAAP, GAAS, & SSARS.

New, more complex accounting issues and disclosures create challenges for today’s busy financial executives.

Designed to keep you up to date on recent activity in GAAP, GAAS, & SSARS, this virtual CPE workshop will summarize recent updates in GAAP, GAAS, & SSARS introduced in 2021 year to date. The continuing education workshop will discuss the main provisions of GAAP, GAAS, & SSARS, application guidance, and information on transition and the effective dates for the new provisions.

This Online CPE webinar is the place to go to stay current on all GAAP, GAAS, & SSARS related matters.

In this online CPE webinar we will go through the basics of the GAAS and SSARS updates, after attaining this CPE webinar you will have a bird’s eye view of the latest changes.

This Online CPE Webinar Will covered Major Topics:

GAAS updates
Auditing standards 142 – Audit evidence
Auditing standards 143 - Auditing accounting estimates and related disclosures
SSAE 21 - Standards for attestation engagements
SSAE 22 - Standards for review engagements
AR-C Section 60 - engagements for accounting and review services
AR-C Section 70 - Preparation of financial statements
AR-C Section 80 - Compilation engagements
AR-C Section 90 - Review of financial statements
Topic 848-10 - Reference rate reform.
Topic 848-20 - Contract modifications.
Topic 848-30 – Hedging
Topic 848-40 - Fair value hedges
Topic 848-50 - Cash flow hedges
Update 2021-02 – Franchisors and Revenue from contracts with customers
Update 2021-03 – Intangibles Goodwill and others
Update 2021-04 – Changes in fair value

Learning Objectives

To examine the background and scope of each topic.
To discuss the specific items targeted by each amendment.
To determine the applicable new accounting treatment for each amendment.
To describe the effect of the amendments.
To review additional disclosure requirements.
To examine the background and scope of each topic.
To determine the specific items targeted by each amendment.
To discuss the applicable new accounting treatment for each amendment.
To describe the effect of the amendments.
To review additional disclosure requirements.

Recommended For

This CPE webinar is recommended for CPAs, CMAs, CIAs, Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities.

Who Should Attend?

Accountant
Accounting and audit managers/practitioners
Accounting Firm
Accounting Managers
Accounting Practice Owners
Accounts Director
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
Chief Accounting Officer
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Director of Accounting
Entrepreneurial Accountant
Entrepreneurial CPA
Senior Accountant
Staff of Accounting Firm
VP Accounts
Young CPA

Course Qualification

Webinar Qualifies For

4 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
4 CPE Credit for Internal Audit Practitioner (IAP)
4 CPE Credit of Accounting & Auditing for Certified Public Accountants (CPA-US)
4 CPE Credit for Certified Management Accountants (CMA)
4 CPE Credit for Certified Internal Auditors (CIA)
4 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
4 CE Credit for Certified Wealth Strategist (CWS)
4 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

4
Instructional Method :

QAS Self Study
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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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