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Accounting Update - Hot Topics For Preparing Current Period Financial Statements

  • Accountant
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • FPAC
  • CWS

Published: March, 2022

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description


  • 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

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

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. 

Recommended For

  • This Online Continuing Professional Education webinar is recommended for CPAs, CMAs, CIA, CFE, CRMA, and Other Professionals who desire to help their clients in preparation of financial statements covering relevant updates.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 3 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 3 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 3 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 3 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 3 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
  • 3 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 3 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 3 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 3 CE Credit for Certified Wealth Strategist (CWS)
  • 3 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 3 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 3 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 3 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 3 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 3 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 3 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
  • 3 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


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About Presenter

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.

About Company

Emergent Solutions Group LLC

Emergent Solutions Group is highly rated in course design and instruction on a wide array of topics, including accounting, auditing, personal development, project management, practice management, and more. Our Services includes : 

1. Developing High-Caliber, Cost-Effective Training Content

2. Revamping or Customizing Existing Training Offerings

3. "On-Call” Instructing and Speaking

4. Training the Trainer


FAQs content

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  • 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.
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  • 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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Ratings and Review


16 Ratings



Very Good








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