Financial Reporting and Accounting Update In Troubled Times FLEXCAST
Available Until
Your Desk
6.0 Credits
Member Price $294.00
Non-Member Price $338.00
Overview
This course will provide CPAs and finance professionals with insights and tools needed to fulfill their leadership and financial reporting responsibilities as we emerge from the economic downturn. Coverage will be updated to reflect the most significant financial reporting challenges that confront companies today and in the medium term. Accountants in public practice, controllers and finance professionals who need to steer through the challenges of restoring their business to sound financial health in the wake of COVID19 will benefit from taking this course.
Highlights
Financial Reporting. Private Company Council. FASB Mega Projects. Simplification Initiative. Impairment Accounting. Banking Relationships, Covenants and Waivers. Forgivable Loans. Accounting Issues. Audit Issues in Coronavirus Recovery.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Explain how FASB has delayed key accounting standards and provided special relief for private companies. Describe the financial reporting risks for large, small and medium sized companies as we emerge from COVID19. Learn and apply the 3-scenario approach to financial forecasting. Prepare to implement the major accounting guidance for write downs and write-offs Review the CPA’s required disclosures and financial reporting responsibilities. Going concern and risk disclosure. Fixed and intangible asset impairment.
Preparation
None.
Notice
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.
Leader(s):
Leader Bios
Ray Thompson, Western CPE
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 the United Kingdom, his MBA in accounting from Xavier University in Ohio, and his PhD in business administration from Nova University. Ray is also certified in financial management and is a certified management accountant (CMA), a certified business appraiser (CBA), and holds the accredited valuation analyst credential from the National Association of Certified Valuators and Analysts (NACVA). He recently became certified in IFRS though the Institute of Chartered Accountants in England and Wales.
Non-Member Price $338.00
Member Price $294.00