Accounting Update - Hot Topics For Preparing Current Period Financial Statements

Welcome to myCPE

Learning Objectives

To discover and discuss changes to accounting and financial reporting that have a current period impact.
To discuss ASU 2021-03 on Intangibles.
To analyze hedging of nonfinancial risk.
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.

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

Click to access more webinars on Accounting & Auditing | Sales & Use Tax CE Webinar | QuickBooks CPE Courses

Overview

ASU 2021-06, Presentation for financial services entities

3 mins
Effective date and transition

14 mins
ASU 2020-07, NFP reporting of gifts in kind

30 mins
ASU 2021-08k, Business combinations

49 mins
Lessee accounting - Finance leases

63 mins
Sale-Leaseback transactions

92 mins

Webinar Qualifies For

3 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
3 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
3 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
3 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
3 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
3 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
3 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
3 PL Credit of Accounting for Chartered Financial Analyst (CFA)
3 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
3 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
3 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
3 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
3 PL Credit of Accounting for CIPM

About Instructor

Jennifer Louis, CPA (US)

President, Emergent Solutions Group LLC

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.

Additional Information

Duration

3 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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.

Ratings and Review

4.3

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NEG

Nadine El Ghazzawi, CPA (US), EA, Tax Professional

great source for CPEs

John Skouberdis, CPA (US)

Good Seminar

Lee Hall, CPA (US)

I have taken a lot of tax cpe that I find very useful in my tax practice. the new lease FASB is a big change and I'm glad to know about it as it relates to bank covenants, however I no longer do financial reporting but I took the class to get my required accounting CPE credits