This course will cover all pronouncements of the FASB relevant to nonpublic entities. It will be presented in four distinct sections: First, we will identify all Accounting Standards Updates issued by the FASB in 2018, 2019, 2020 and up through March of 2021. For each pronouncement, we will identify the topic or topics affected, the most significant provisions, how the provisions affect financial reporting and disclosure, and, when possible, the reasons for the change. This will enable those associated with the GAAP financial statements of nonpublic entities to determine which pronouncements affect them or their clients, requiring further research. In the second segment, we will discuss the accounting and reporting related to PPP loans, including the borrowings, forgiveness, and, when appropriate, repayment. Two alternative treatments will be covered with examples for each. The examples, in the form of case studies, will discuss accounting and reporting and provide journal entries based on varying sets of facts. In the third segment, we will look at the most common financial statement elements that have undergone changes in recent years. It will include an in-depth analysis that will demonstrate how these elements have traditionally been accounted for and how they have evolved, concluding with the current requirements for reporting and disclosing The final segment will be designed to provide attendees with practical approaches for improving the way they and their clients understand and apply GAAP. We will select a few significant topics, review how the topics have changed over the years and the reasons for some of the changes. We will also introduce tools that will make some of the accountant’s processes much more efficient, more effective, and will cause staff members to be more engaged in the practice and the engagements they participate in.
Business combinations and consolidations. Intangibles. Reporting comprehensive income. Derivatives and hedging. Fair value. Lease accounting. Accounting for financial instruments.
Knowledge of GAAP and awareness of the FASB Accounting Standards Codification.
CPAs, auditors, and financial professionals working with nonpublic entities.
Identify relevant areas of accounting that have changed in recent years. Determine when changes are not likely to materially affect financial statements, allowing for simplified approaches. Understand the nature of significant changes and identify trends. Improve the presentation and content of financial statements and disclosures.
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 $399.00
Member Price $299.00