
Update

CPE Credits
6 Credits: Accounting
Course Description
Businesses are recovering from Covid disruptions at different rates and face different reporting challenges. Many are also playing catch up to fully implement recent standards involving revenue recognition and leases. 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the most significant challenges in financial reporting today
- Implement reporting standards for impairment, restructuring and going concern
- Understand the interaction of debt classification, loan modifications and forgiveness guidance.
- Evaluate the impact of the new lease standard and its implementation
- Take a retrospective view of how well we have implemented revenue recognition standard and what remains to be done
- Prepare for the credit losses (CECL) standard and understand the demands it will place on non-financial companies
- Apply the reporting exceptions provided by the Private Company Council
- Apply recent FASB standards under the simplification initiative
- 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
Course Specifics
Course ID 21CBarHarbor-LE20226903 |
Prerequisites Experience with accounting and financial reporting |
Advanced Preparation None |
Compliance information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Course Instructor

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 …
World’s Liveliest Accounting Update with Ray Thompson
$590.00
Availability: 17 in stock

Update

CPE Credits
6 Credits: Accounting
Course Description
Businesses are recovering from Covid disruptions at different rates and face different reporting challenges. Many are also playing catch up to fully implement recent standards involving revenue recognition and leases. 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the most significant challenges in financial reporting today
- Implement reporting standards for impairment, restructuring and going concern
- Understand the interaction of debt classification, loan modifications and forgiveness guidance.
- Evaluate the impact of the new lease standard and its implementation
- Take a retrospective view of how well we have implemented revenue recognition standard and what remains to be done
- Prepare for the credit losses (CECL) standard and understand the demands it will place on non-financial companies
- Apply the reporting exceptions provided by the Private Company Council
- Apply recent FASB standards under the simplification initiative
- 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
Course Specifics
Course ID 21CBarHarbor-LE20226903 |
Prerequisites Experience with accounting and financial reporting |
Advanced Preparation None |
Compliance information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Course Instructor

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 …