Examine accounting principles using key pronouncements for nonpublic entities that became effective from 2018 to 2019, those coming in 2020 - 2021, and standards without specific effective dates. General requirements will be addressed, including which pronouncements apply, financial statement elements affected, calculations, and reporting, including classifications, characterization, and disclosures. Review additional items for 2020 - 2021 pronouncements, including required adoption, recognizing transitions, adoption alternatives, and required special disclosures. Pronouncements for SEC reporting entities will not be addressed.
Business combinations and consolidations, Intangibles, Reporting comprehensive income, Derivatives and hedging, Fair value, Lease accounting, Accounting for financial instruments.
Knowlege of GAAP and awareness of the FASB Accounting Standards Codification
CPAs, auditors, and financial professionals working with nonpublic entities.
Identify and understand changes to significant topics and subtopics of the FASB Accounting Standards Codification (ASC) resulting from Accounting Standards Updates (ASUs) that became effective during calendar year 2018 or 2019 and those scheduled to become effective during calendar year 2020 or 2021. Determine whether each ASU applies to financial statements the accountant is associated with and whether they are required to be adopted. Understand how to make the transition from current standards to the requirements of each applicable ASU. Identify which financial statements are affected by the change and which elements of financial reporting are affected. Distinguish between ASUs that involve changing from one method of accounting to another from those that retain current methods but change one or more aspects of them.
Mark E. Dauberman, CPA, EMBA Mark Dauberman Seminars/Upland, CA Mark Currently provides CPE and technical staff training for CPA firms, private industry employers of accountants, and government organizations on topics that include fraud, internal and external auditing, developing internal controls, strategic planning, and practice management. Mark’s public accounting experience includes working with various local firms throughout high school and college, and employment with Kenneth Leventhal & Company. More recently, he was a partner at NSBN, a Beverly Hills CPA and business consulting firm, where he served as director of the audit practice and was responsible for recruiting, training, business development, quality control, and strategic planning for the firm. Mark’s industry experience includes serving as assistant controller of a large trucking and warehousing firm. He has been both a controller and the Vice President of Finance and Administration for major real estate development companies. Mark also spent nearly 30 years as an entrepreneur, operating a business that prepared individuals for the CPA exam. Mark taught his first university accounting class in 1969 and has been involved in accounting education since and is currently a visiting lecturer at the University of Redlands. Mark is also a keynote motivational speaker providing his insights on fraud, dealing with competition, entrepreneurship, goal setting, time management, dealing with stress, coping with crisis, and ethics. Mark obtained his bachelors degree in accounting from California State University at Northridge. He obtained his Executive MBA at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he previously had been a student of Dr. Drucker’s.
Non-Member Price $395.00
Member Price $295.00