Course Details

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Course Description

The global tragedy of the coronavirus pandemic (COVID-19) is being felt by individuals and businesses alike.  While the long-term economic and business consequences remain unknown, this course will provide insight into the real-life implications that this pandemic is already having on the application of currently required accounting, presentation, and disclosure rules when preparing the financial statements of public and nonpublic entities alike. This course will also provide tips for public accounting professionals who must continue to provide audit, attest, and accounting services for clients for financial statements dated December 31, 2019 and thereafter.

MAJOR TOPICS COVERED :

  • Practical financial statement implications triggered by various U.S. GAAP and special purpose framework accounting, presentation, and disclosure matters.
  • Valuation of receivables and investments
  • Impairment of long-lived assets, including goodwill
  • Hedge accounting, including interest rate swaps
  • Revenue recognition, including collectability and variable consideration
  • Loss contingencies
  • Real-life examples of risk and uncertainty disclosures being made by public and nonpublic companies.
  • Critical internal control considerations in today’s business and economic environment
  • Tips for public accountants continuing to provide audit, attest, and accounting services, including the impact on audit and attest reporting.
  • Disclosures of contingent liabilities.

This course will also provide tips for accounting professionals who must continue to provide audit, financial statements, attest, and accounting services for clients for the year ending December 31, 2019, and thereafter. We will also cover some real-life examples.

Webinar Qualifies for

  • 2 CPE credit of Accounting for all CPAs
  • 2 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

  • To recall the accounting, presentation, and disclosure requirements of financial statements prepared under U.S. GAAP and special purpose frameworks that are likely to “kick-in” as a result of the continued pandemic
  • To recognize and explain important internal control considerations as financial statements must continue to be prepared during this tumultuous time
  • To identify tips for public accounting professionals who must continue to provide audit, attest, and accounting services to help clients satisfy internal and external reporting requirements
  • To recognize real-life examples of risk and uncertainty disclosures being made by public and nonpublic companies.

About Presenter

Jennifer Louis, CPA

President, Emergent Solutions Group LLC

jlouis@emergentgroup.net

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.

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

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • 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 are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.6
(198)
65%
28%
7%
0%
0%
  • SSB
    sherry stone benton , ACCT./BK, EA
    Jun 11th 2020
    There were some technical issues on my screen so I was unable to respond, but later it was resolved. Thanks, Jennifer for sharing the wonderful information on impact of corona on financial reporting.
PG
philip greenblatt , , CPA, Attorney
Fantastic webinar by Jennifer for providing us timely information on COVID-19. very passionate about this topic and it shows in how clear, she explains everything and answers all the questions to the audience.
AT
Annette Tenerelli-Lemke , CPA
Jennifer discussed information that is very useful in understanding and gaining knowledge about the reporting financial statements. She shared some real-life examples on risk & uncertainty disclosures of companies.
JP
Jon Pike , CPA
Jennifer provided the latest possible information on implications triggered by various U.S. GAAP. She was able to distill some of the current and most relevant items we need to know
PK
Paula Kern , CPA
I Was Very Glad When The Webinar Was Over At 3:40 Instead Of Running Right Up To 4.00. I Have Had A Hard Time Logging From One Class To The Next When They Run Back To Back. Where there is no time to take care of items between classes it is difficult.
GH
Gary Highton , CPA
Was a great webinar and i'll be signing up for more in the future. I also really like your 1 credit = 1 meal program. ice job! Thank you.

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.

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065)
Tuesday, October 27, 2020 | 10:00 AM EDT View Details/Register
Practical Guide for Understanding Critical Concepts of Trusts and Estates
Tuesday, October 27, 2020 | 10:00 AM EDT View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, October 27, 2020 | 08:00 AM PDT View Details/Register
Individual International Tax Issues - Comprehensive Coverage
Tuesday, October 27, 2020 | 08:00 AM PDT View Details/Register
Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing
Tuesday, October 27, 2020 | 08:00 AM PDT View Details/Register
Excel Accountant - Charts
Tuesday, October 27, 2020 | 11:30 AM EDT View Details/Register
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
Tuesday, October 27, 2020 | 12:00 PM EDT View Details/Register
Money Talks – Don’t Let it Walk – Prevent & Detect Cash Fraud
Tuesday, October 27, 2020 | 12:30 PM EDT View Details/Register
Advanced 1031 Exchange and Delaware Statutory Trusts: Tax Savings to Wealth Creation
Tuesday, October 27, 2020 | 01:00 PM EDT View Details/Register
Excel Speed Loop: Systematically Improve Efficiency and Accuracy (For Bookkeepers, Accountants, Tax Pros, Auditors, CPAs)
Tuesday, October 27, 2020 | 02:00 PM EDT View Details/Register
TRUMP & BIDEN TAX & PAYROLL PLAN DISCUSSION & COMPARISON WITH YEAR END UPDATES & LIVE Q & A
Tuesday, October 27, 2020 | 02:30 PM EDT View Details/Register
The iClat - generate substantial tax deductions today using future charitable donations
Tuesday, October 27, 2020 | 03:00 PM EDT View Details/Register
CARES ACT: NOL CHANGES (UPDATED LATEST)
Tuesday, October 27, 2020 | 03:00 PM EDT View Details/Register
Itemized Deduction Updates - With Examples & Case Studies
Tuesday, October 27, 2020 | 04:00 PM EDT View Details/Register
Quickbooks for Desktop PC Exploring the Interface - For Beginners
Wednesday, October 28, 2020 | 09:00 AM EDT View Details/Register
  • Cost FREE
  • CPE Credits 2
  • Subject Area Accounting
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Finance Pros Tax Practitioners Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm CPA (Industry) Young CPA CPA in Business Entrepreneurial CPA Outsourced CFO Tax Accountant (Industry) Tax Director (Industry) Accounting Practice Owners Finance Director Senior Accountant VP Accounts Accounts Director Entrepreneurial Accountant Tax Managers Accounting Managers Government Contractor Staff of Accounting Firm
  • Handout Material Download

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065)
Tuesday, October 27, 2020 | 10:00 AM EDT View Details/Register
Practical Guide for Understanding Critical Concepts of Trusts and Estates
Tuesday, October 27, 2020 | 10:00 AM EDT View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, October 27, 2020 | 08:00 AM PDT View Details/Register
Individual International Tax Issues - Comprehensive Coverage
Tuesday, October 27, 2020 | 08:00 AM PDT View Details/Register
Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing
Tuesday, October 27, 2020 | 08:00 AM PDT View Details/Register
Excel Accountant - Charts
Tuesday, October 27, 2020 | 11:30 AM EDT View Details/Register
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
Tuesday, October 27, 2020 | 12:00 PM EDT View Details/Register
Money Talks – Don’t Let it Walk – Prevent & Detect Cash Fraud
Tuesday, October 27, 2020 | 12:30 PM EDT View Details/Register
Advanced 1031 Exchange and Delaware Statutory Trusts: Tax Savings to Wealth Creation
Tuesday, October 27, 2020 | 01:00 PM EDT View Details/Register
Excel Speed Loop: Systematically Improve Efficiency and Accuracy (For Bookkeepers, Accountants, Tax Pros, Auditors, CPAs)
Tuesday, October 27, 2020 | 02:00 PM EDT View Details/Register
TRUMP & BIDEN TAX & PAYROLL PLAN DISCUSSION & COMPARISON WITH YEAR END UPDATES & LIVE Q & A
Tuesday, October 27, 2020 | 02:30 PM EDT View Details/Register
The iClat - generate substantial tax deductions today using future charitable donations
Tuesday, October 27, 2020 | 03:00 PM EDT View Details/Register
CARES ACT: NOL CHANGES (UPDATED LATEST)
Tuesday, October 27, 2020 | 03:00 PM EDT View Details/Register
Itemized Deduction Updates - With Examples & Case Studies
Tuesday, October 27, 2020 | 04:00 PM EDT View Details/Register
Quickbooks for Desktop PC Exploring the Interface - For Beginners
Wednesday, October 28, 2020 | 09:00 AM EDT View Details/Register