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Accounting Update - Hot Topics For Preparing Current Period Financial Statements

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

The topic is also scheduled as live webinar on the following dates

Oct 27, 2021 | 01:00 PM EDT Register

Overview

  • Approved Extensions Post - COVID
    1 mins
  • Lease Modification - Lessee Examples
    17 mins
  • Other Lease Matters
    31 mins
  • ASU 2019-03: Collections Defined
    45 mins
  • ASU 2018-15, Internal - Use Software
    66 mins
  • Newest Effective Date per ASU 2020-11
    92 mins

Course Description

Modern-day accounting and auditing standards are complex. Despite the ongoing efforts to simplify standards might ease some of the pressure, at times it just translates to more standards and rules to understand as well as implement. Some days it seems as if the accounting profession is changing faster than a CPA can keep up. Both public and private CPAs must be current on changes to various potentially relevant accounting and financial reporting standards, including U.S. GAAP.

In a continuously shifting global environment, professionals need more than just a base understanding of the updates. This CPE webinar covers rock-solid information that is intuitively delivered with practical insights that will help the attendees to make sense of the regulatory requirements for them as well as their clients.  

This comprehensive webinar covers in detail topics for what you need to know to be up-to-date on accounting and activities. Recently issued or effective literature is discussed along with current accounting and auditing issues. The webinar focuses on the big picture, this webinar covers a wide breadth of topics while focusing on what you need to know now about each new development.

This Online CPE webinar provides recent and proposed changes to relevant technical standards most relevant to the preparation and fair presentation of current period financial statements.

This webinar covers the following Major Topics:

  • U.S. GAAP accounting standards updates that have recent or current period effective dates
  • Other relevant matters, including highlights of significant changes related to international standards
  • Approved extensions post-COVID
  • Topic 842- Leases
  • COVID-19 implications for FASB Practical Expedient Options, Lease concessions, Short pays
  • ASU 2021-03 – Intangibles 
  • Hedging Nonfinancial Risk


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Learning Objectives

  • To discover and discuss changes to accounting and financial reporting that have a current period impact. 
  • To identify and explain accounting or financial reporting matters on the horizon meriting attention in the short-term.
  • To recognize the impact of the new development on various practice areas. 

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA