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2021 GAAP, GAAS, & SSARS Updates

Quickly Update yourself on the applicable amendments introduced in 2021

  • Price

    $49

  • Total Credits

    4 Credit

    4.0

2021 GAAP, GAAS, & SSARS Updates

Overview

Sometimes it is a little difficult to keep up with the amendments in accounting standards issued by GAAP, GAAS, & SSARS.

New, more complex accounting issues and disclosures create challenges for today’s busy financial executives.

Designed to keep you up to date on recent activity in GAAP, GAAS, & SSARS, this virtual CPE workshop will summarize recent updates in GAAP, GAAS, & SSARS introduced in 2021 year to date. The continuing education workshop will discuss the main provisions of GAAP, GAAS, & SSARS, application guidance, and information on transition and the effective dates for the new provisions.

This virtual CPE workshop is the place to go to stay current on all GAAP, GAAS, & SSARS related matters.

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Continuing Education Credits

The sessions of the conference qualifies for

  • 4 CPE Credit for all CIA
  • 4 CPE Credit for all CMA
  • 4 CPE Credit of Accounting & Auditing for CPA (US)
  • 4 CPE Credit for all IAP
  • 4 CPE Credit for all QIAL

Speakers

Michel Morley

Michel Morley

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.

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Session Details

Michel Morley
Michel Morley

Date

Oct 26th, 2021

Time

02:00 PM – 04:00 PM
2 Credits

Latest GAAS and SSARS Updates

In this online CPE session we will go through the basics of the GAAS and SSARS updates, after attaining this CPE session you will have a bird’s eye view of the latest changes.

Major Topics covered will include:

  • GAAS updates
  • Auditing standards 142 – Audit evidence
  • Auditing standards 143 - Auditing accounting estimates and related disclosures
  • SSAE 21 - Standards for attestation engagements
  • SSAE 22 - Standards for review engagements
  • AR-C Section 60 - engagements for accounting and review services
  • AR-C Section 70 - Preparation of financial statements
  • AR-C Section 80 - Compilation engagements
  • AR-C Section 90 - Review of financial statements

Learning Objectives

  • To examine the background and scope of each topic.
  • To discuss the specific items targeted by each amendment.
  • To determine the applicable new accounting treatment for each amendment.
  • To describe the effect of the amendments.
  • To review additional disclosure requirements.
  • 2 CPE credit of for all CIA
  • 2 CPE credit of for all CMA
  • 2 CPE credit of Accounting & Auditing for all CPA (US)
  • 2 CPE credit of for all IAP
  • 2 CPE credit of for all QIAL

Subject Area:

Accounting & Auditing

Course Level:

Basic

Instuctional Method:

Group Internet Based

Pre-requisites:

Advance Preparation:

Michel Morley
Michel Morley

Date

Oct 26th, 2021

Time

04:00 PM – 06:00 PM
2 Credits

Latest GAAP Updates

In this CPE session, we will go through the basics of these FASB updates that apply to GAAP, after this CPE session you will have a bird’s eye view of the latest changes.

Major Topics covered will include:

  • Topic 848-10 - Reference rate reform.
  • Topic 848-20 - Contract modifications.
  • Topic 848-30 – Hedging
  • Topic 848-40 - Fair value hedges
  • Topic 848-50 - Cash flow hedges
  • Update 2021-02 – Franchisors and Revenue from contracts with customers
  • Update 2021-03 – Intangibles Goodwill and others
  • Update 2021-04 – Changes in fair value

Learning Objectives

  • To examine the background and scope of each topic.
  • To determine the specific items targeted by each amendment.
  • To discuss the applicable new accounting treatment for each amendment.
  • To describe the effect of the amendments.
  • To review additional disclosure requirements.
  • 2 CPE credit of for all CIA
  • 2 CPE credit of for all CMA
  • 2 CPE credit of Accounting & Auditing for all CPA (US)
  • 2 CPE credit of for all IAP
  • 2 CPE credit of for all QIAL

Subject Area:

Accounting & Auditing

Course Level:

Basic

Instuctional Method:

Group Internet Based

Pre-requisites:

Advance Preparation:

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Frequently Asked Questions

This is a virtual event and shall be held on Zoom Application. The handout material for each session shall be available for download on the conference/workshop detail page.

Virtual conference with myCPE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

The duration of this event can be seen below its title. The credits for this conference/workshop are also mentioned below the title.

The Specific Takeaways and the purpose of this event is mentioned in the ‘Overview’ and ‘Session Details’. Additionally, by attending a Live Virtual Event you can experience the interactivity equivalent to an in-person conference without having to leave your screens or risk your lives especially post pandemic situations. Nevertheless, bulk CPE/CE is an icing on the cake.

myCPE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

A live virtual event enables remote participants to access live, interactive networking opportunities and content through their computers/other digital devices, no matter where they are located. These events can be conducted in multiple formats;

Conference: A virtual conference is an activity, organised in a way that participants can meet and discuss themes of common interest through the use of communication tools at a central location on the Internet

Workshop: A workshop is not very different from a conference. The key point that makes a workshop unique is that it is a brief intensive educational program for a relatively small group of people that focuses especially on techniques and skills in a particular field.

The myCPE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.

You can cancel your registration for a premium conference/workshop at any time before the start of the event. Upon successful cancellation the entire amount shall be credited to your myCPE wallet within 24-48 working hours. The balance in your myCPE wallet can be used to register for premium live webinars, premium self-study webinars, myCPE package courses or any other future virtual conference/workshop.

All the upcoming virtual events can be seen listed under the ‘Virtual Events’ tab on the homepage of myCPE (www.my-cpe.com).

A unique joining link will be shared with you on your registered email ID once you have registered for a conference. You can join in using the unique link at the scheduled time of the event. Also, the events that you have registered for are visible in your myCPE account under ‘My Virtual Events’ section >> under the ‘Upcoming Virtual Events’ tab. CLICK HERE to login to your account.

myCPE recommends that you verify if your digital device is compatible with the ZOOM software prior to attending the live events on myCPE (www.my-cpe.com)

For every Session you attend in a Virtual Event, you need to remain logged into the session till the end and answer the polling questions asked during the event. Once you have fulfilled these two criteria, you shall receive an evaluation form in the next 24 hours. You will receive an email with the link to complete the evaluation form and it will also be available in your myCPE account under the 'My Virtual Events’ section, under the 'Pending Evaluation' tab. Once you complete the evaluation form, you will receive an email with your credit certificates and the same shall also be available in your myCPE account under the 'My Certificates' tab. The link in the certificate email is for downloading the certificates. If the event qualifies for multiple certificates, each certificate will be available for download.

Once you complete the evaluation form, you will receive an email with your credit certificates and the same shall also be available in your myCPE account under the 'My Certificates' tab. The link in the certificate email is for downloading the certificates. If the event qualifies for multiple certificates, each certificate will be available for download

During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com

Yes, each live virtual conference/workshop shall be recorded and the recording of the same can be made available to on request. However, the recording shall not be eligible for continuing education credits.

If you’re a new user, you will have to sign-up at www.my-cpe.com to register for a virtual event. Click Here for a free sign up to myCPE. If you’re an existing user, you need to log in to your myCPE account.

Once you’re logged into your myCPE account, you can click on the ‘Virtual Event’ tab, scroll down to view the upcoming Virtual Events. There is a Register Button on each event detail page. Once you click on REGISTER, you will receive a prompt pop up that you have registered for the event. If it is a premium event then you will first be redirected to the payment page and after paying the amount you will receive a prompt pop up that you have registered for the event.

You can cancel your registration to any event from your myCPE account. Look under My Virtual Events >Upcoming Events. Simply click “Cancel Event” against the event that you do not wish to attend. If you cancel your registration for any paid event, the amount shall be credited in your myCPE wallet within 24-48 hours.