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Annual FASB Update and Review

When
March 19
8:00 - 11:30 a.m.

Where
Penn State Great Valley - Main Bldg
Malvern - Map it

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $109 | Nonmember: $159

CLE Credit Add-On: $25


 More Information

Course No.
720900
Level
Intermediate
Prerequisites
*Experience in financial accounting and reporting * You will receive your course materials one week prior to the course start date. Please download them prior to your arrival at the course.
Note
* This is a four-credit morning seminar (8:00 - 11:30 a.m.; 7:30 a.m. registration) * Accepted for CFM and CMA credits.

Description

Hear an overview of recent FASB accounting and reporting developments. Review recent Private Company Council (PCC) activities and recently issued Accounting Standards Updates (ASUs), analyzing guidance that has a major effect on all industries, including those covering revenue recognition and leases, especially for small- and medium-sized entities.

Highlights

  • Be aware of recent private company standard setting activities
  • Review the latest FASB Accounting Standards Updates (ASUs)
  • Understand and apply the FASB’s comprehensive new Revenue
  • Recognition guidance - Topic 606, Revenue from Contracts with
  • Customers, and its related updates
  • Understand the new lease accounting guidance found in Topic 842, Leases
  • Recall key provisions of recently issued FASB Updates
  • Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance


Speaker(s)

Carl F. Shultz, MBA, CPA, CGMA

Carl Shultz is an MBA, CPA, and CGMA. He has extensive experience serving as a financial executive with Fortune 500 companies and “Big Four” public accounting firms; consulting for small-to-large companies and individuals; and leading a range of accounting and financial functions. Carl has played a key role in building new companies and key financial functions to improve net income, install controls, audit functions, and manage large complex projects to successful, timely completion on or under budget.

Currently, Carl provides financial and tax preparation and planning to individuals and small businesses. He is also Managing Director of CFS Consulting, LTD, which provides financial, internal control, and administrative consulting services.

He is an adjunct professor of accounting at Rider University, The College of New Jersey, and Philadelphia University. Carl has also lectured at professional seminars and to groups on financial accounting and tax matters. He has published in such professional journals as Taxation for Accountants, Taxation for Lawyers, and Controller’s Quarterly.

Carl is a graduate of La Salle University with a degree in Accounting, and has also earned an MBA degree from Drexel University in Finance and Accounting. Carl is a decorated veteran of the Vietnam War, where he served as an officer in the U.S. Army.


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