CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

World's Liveliest Accounting Update with Ray Thompson

Icon_Level
Update
Credits
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.

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?

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
21CScottsdale-LE20227046
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Ray Thompson Headshot
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 …

Ray Thompson, CBA, CFM, CMA Read More »

World's Liveliest Accounting Update with Ray Thompson

Expert Instructors
CPE CREDITS
6 Credits: Accounting

$590.00

Availability: 47 in stock

Icon_Level
Update
Credits
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.

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?

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
21CScottsdale-LE20227046
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Ray Thompson Headshot
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 …

Ray Thompson, CBA, CFM, CMA Read More »

World's Liveliest Accounting Update with Ray Thompson

Expert Instructors
CPE CREDITS
6 Credits: Accounting

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?

$590.00

Availability: 47 in stock