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September 25, 2019
9:00AM - 3:00PM ET


October 02, 2019
9:00AM - 3:00PM ET


Experience with accounting and financial reporting

Course Description

The amount of change in the accounting profession is staggering, making it difficult for the average CPA to keep up. In this upbeat course, instructor Ray Thompson brings his unique presentation style to the classroom. Learn about the latest accounting pronouncements, future issues, and alternatives to GAAP, all presented in a clear and practical fashion. Course topics will be updated on an ongoing basis throughout the year. After attending this course, you will be informed of the latest trends, standards, and updates in accounting today.


Ray Thompson, CBA, CFM, CMA

Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States.

Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in the United Kingdom, his MBA in accounting from Xavier University in Ohio, and his PhD in business administration from Nova University. Ray is also certified in financial management and is a certified management accountant (CMA), a certified business appraiser (CBA), and holds the accredited valuation analyst credential from the National Association of Certified Valuators and Analysts (NACVA). He recently became certified in IFRS though the Institute of Chartered Accountants in England and Wales.

Ray teaches at Western CPE conferences and produces both self-study and webcast courses as well. He also authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, state CPA societies, and CPA firms throughout the United States. In addition, Ray provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. He’s a faculty associate member of the AICPA and the Pennsylvania Institute of Certified Public Accountants (PICPA) and a member of the Financial Reporting Faculty of ICAEW.

Course Specifics

Jun 5, 2019
Experience with accounting and financial reporting

Compliance Information

IRS Provider #: OMYXB
Qualifies for CA Fraud: No

Learning Objectives

Upon completion of this course, participants will be able to:

  • Identify the most significant challenges facing financial reporting today
  • Implement the main provisions of the new lease standard
  • Apply the lessons learned on implementing the new revenue standards from those who have adopted it early
  • Apply the exceptions provided by the Private Company Council
  • Apply recently enacted standards FASB has promulgated under the Simplification Initiative
  • Understand how accounting for financial; instruments, and credit losses is changing
  • Identify other changes to the standards that are on FASB's horizon
  • Apply the main provisions of the new standards for not-for-profit entities

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