8 CPE credit of Accounting for all CPAs
8 CPE credit for Certified Management Accountants (CMA)
8 CPD credit (Verifiable) for Canadian CPAs
8 CPD credit (Verifiable) of Determining the Proper Valuation Discounts or Premiums for all ABV (AICPA)
8 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)
8 General Educational credit for Tax Professionals / Bookkeepers / Accountants
The Art of Effective Communication
Deferring Capital Gains Taxes in the Biden Era
Best Practices: Payroll Tax Withholding and Related Matters
How to Handle Multistate employees’ Tax Withholding and Related Issues Correctly
Avoid Liabilities-Perfect your Understanding of Payroll Tax Withholding
People-centric Skills: Crucial Communications
PEO 101: An Introduction to PEOs
ABC's of AB5 - Independent Contracts
Using Pension Plans to Attract and Retain Employees – USA and Canada
Distributions from IRAs and Qualified Retirement Plans
Succession and Exit Planning
Should I Tap My IRA or Social Security First?
IFRS 15 - Revenue Recognition
Form 1099 Latest Developments
Overview and Key Essentials: Form 1040 Individual Tax Return
Session 1 - IFRS FIRST-TIME ADOPTION - EXEMPTIONS AND OPTIONS
IFRS 1 First-time Adoption of International Financial Reporting Standards sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements. The IFRS grants limited exemptions from the general requirement to comply with each IFRS effective at the end of its first IFRS reporting period. When reporting under IFRS, U.S. Publicly Accountable Enterprises (PAE’s), including U.S. publicly traded companies, must publish their first comparative financial statements (including quarterly statements) based on International Financial Reporting Standards (IFRS). They will need to implement the new standards well in advance of that date using IFRS Standard # 1.
IFRS Standard # 1 was specifically issued to help companies with the transition from GAAP. In addition, a reconciling financial statement which bridges the gap between the two will be required. In fact, IFRS requires that the PAE’s be able explain the differences between IFRS and GAAP.
This webinar will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards.
MAJOR TOPICS COVERED:
Session 2 - IFRS FIXED ASSETS (PROPERTY, PLANT & EQUIPMENT)
International Financial Reporting Standards are changing how companies account for long-lived tangible assets on their financial statements. Fixed assets can be classified basically in to two categories i.e tangible & intangible, Under IFRS, IAS-16 –Property, Plant & Equipment deals with tangible fixed asset except the assets held for capital appreciation.
Fixed assets are subject to an unusually large amount of record keeping, as well as very specific accounting treatment under the IFRS accounting framework. In addition, given the large expenditures involved in fixed assets and the complexity of the accounting, you can expect a high degree of auditor interest in this area. Accountants are expected to decide how to first record the acquisition of long-lived assets, assess the value at which they are presented on future financial statements, and work out the allocation of the cost of these assets over future reporting periods. In addition IFRS allows periodic re-evaluation of long-lived assets under certain conditions, but with so many choices for assigning a value, you need to know the exact way of doing it.
This webinar will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Fixed Assets.
HIGHLIGHTS OF THE WEBINAR :
The webinar will also discuss examples that will help to develop and understand the process and requirements of accounting for Fixed Assets under IFRS.
Session 3 - IFRS REVENUE RECOGNITION
Revenue recognition is an accounting principle that outlines the specific conditions under which revenue is recognized. In theory, there is a wide range of potential points at which revenue can be recognized. This guide addresses recognition principles for both IFRS and U.S. GAAP. As more US companies enter into arrangements with their global counterparts, a basic understanding of IFRS has become increasingly important.
The primary issue in accounting for revenue is determining when to recognize revenue. International Financial Reporting Standards(IFRS) changes how companies recognize revenue on their financial statements. Accountants are expected to decide how to choose the appropriate recognition strategy for each type of transaction and event. In addition, IFRS asks the accountant to measure the fair value of revenue using specific guidance for the various categories of revenues, but just exactly how do you do it?
This webinar will provide you with easy-to-follow guidelines that will ensure that you can comply with this standard by examining the factors that companies need to carefully consider when implementing International Financial Reporting Standards for Revenue Recognition.
MAJOR TOPICS COVERED :
Session 4 - IFRS FAIR VALUE MEASUREMENT
The International Accounting Standards Board (IASB) and the U.S. Financial Accounting standards Board (FASB) have both made some significant additional changes to IFRS and US GAAP for measuring fair value and required related disclosures.
You need to understand the implications of these changes now because their expected impact must be disclosed in the current financial statements. And not only will you have to make significant changes, in addition, you will have to disclose in the Notes how you arrived at your decisions. This webinar will provide you with easy-to-follow guidelines that will ensure that you can comply with this standard by examining the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Fair Value Measurement. The webinar will cover detailed examples of measuring the fair value of individual assets, especially as prepared by a valuation specialist.
MAJOR TOPICS COVERED :
The webinar will help to develop and understand the process and requirements of accounting for Fair Value Measurement under IFRS. This will be a unique value webinar for the CPAs, EAs, and Tax professionals.
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.
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.