The amount of change in the accounting profession is staggering, making it tough for the average CPA to keep up. This course will get you up to date with the latest information coming from the FASB. In this course, Jeff Sailor will bring his truly unique presentation style to the 2022-2023 Accounting Update, covering the most important topics you need to know. He will cover present the latest GAAP pronouncements, along with his signature video parodies, which are designed to keep you awake and reinforce the material.
Revenue from Contracts with Customers. Not-for-Profit Entities. Leases. Accounting for Credit Losses. Issues Related to Covid - 19. Goodwill & Intangible Alternatives.
CPAs, CFOs, controllers, financial professionals, and auditors.
Apply the most pervasive accounting updates issued by the FASB. Apply the new provisions for Credit Losses. Apply the classification criteria to determine whether a lease is a finance or operating lease for a lessee. Apply the lease standard for a finance lease. Apply the lease standard for an operating lease. Describe potential pitfalls related to the new standard. Describe alternatives to the lease standard. Identify various specialized questions identified by the FASB in their Q&A. Identify the changes for not-for-profit accounting under GAAP. Describe the Elements of Financial Statements under the FASB Concepts. Describe proper presentation under the FASB Concepts.
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Jeff Sailor, Western CPE
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.
Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $225.00
Member Price $196.00