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.

Course Coverage

Note: Content will be geared to the interests of the audience (public &  non-public companies, CPA’s in industry and public practice)

• FASB overview & current priorities
• Lease Accounting: where are we now?
• Accounting challenges in post-COVID economic disruption
• Impairment and restructurings: practical guidance
• Debt: covenants, classification and forgiveness
• Revenue recognition: remaining implementation issues
• The credit losses (CECL) model: impact on bad debts accounting
• Private company reporting, recent standards
• The Simplification Initiative: progress to date
• Current and forthcoming FASB standards (debt classification, cloud computing)
• Not-for-Profit reporting, distinguishing revenue from contributions

Does GAAP reporting make sense in a hi-tech economy?