FASB/SAS Update

Aug 21
8:00 - 4:00 p.m.

Hershey Lodge
Hershey - Map

8-A&A
CPE Credits

Gain an up-to-the-minute understanding of newly issued and forthcoming accounting and auditing pronouncements. Prepare to implement the new revenue recognition standard using the experience of early adopters. Become familiar with recent standards involving financial instruments, not-for-profit reporting, cash flow, and debt classification.
Highlights

FASB overview
Lease accounting
Implementation considerations for revenue recognition
Financial instruments – What is changing?
Accounting implications of the Tax Cuts and Jobs Act
SSARS 21-23
Auditing standards update: service auditor reports, going concern, critical audit matters
Current and proposed standards involving EITF, FASB, PCAOB, ASB, and IASB

Registration

PICPA Member: $249
Nonmember: $349

More Information

Course No. 134500 Level: Update

Prerequisites: None

Notes

This course is only offered once in 2018.

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance

Dr. Ray Thompson, CMA, CFM, CBA

Dr. Ray Thompson is Emeritus Associate Professor of Accounting & Finance at the University of Pittsburgh. He served as department head at the UPJ campus for over 25 years. He was also 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 US. He received his B.S. and M.S. degrees in Economics and Systems Dynamics from the University of Bradford in the United Kingdom, his M.B.A. in Accounting from Xavier University of Ohio, and his Doctor of Business Administration from Nova University. Ray is also certified in Financial Management and is a Certified Management Accountant and Certified Business Appraiser. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.

Ray is a professional educator and writer. He authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, State CPA Societies, and CPA firms throughout the US. In addition to these live seminars, he also produces both recorded and written courses for self study. He also provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. Ray was part of the George & Ray team which offered Accounting & Auditing courses for over 20 years.

Ray is a member of the Institute of Management Accountants and the Institute of Business Appraisers. He is also a faculty associate member of AICPA and PICPA, and is a member of the Financial Reporting Faculty of ICAEW. He lives in Bedford County, PA, and can be reached at (814) 839-0143 by phone or at drrayt@verizon.net.