Accounting and Auditing Current Developments

Jul 1
8:00 - 4:00 p.m.

Doubletree Suites by Hilton Philadelphia West
Plymouth Meeting - Map

8-A&A
CPE Credits

Consider the economic and business situation likely to unfold over the next 18 months. Become aware of the financial reporting risks for small and medium-sized companies as we navigate COVID-19 fallout. Prepare to implement the major accounting guidance for write downs, write-offs, and going concern. Learn to use the tools of supply chain cash flow conservation and management. Understand how regulatory developments in privacy and data security are affecting the profession. Receive an update on current and proposed developments from the FASB, PCAOB, ASB, and SSARS.

Highlights

Economic, business and reporting risk in today’s economy

Medium-term outlook for business: staying on course in a turbulent economic environment

Accounting standards for going concern, disclosing risks, and uncertainties

Impairment testing for fixed and intangible assets, goodwill, and inventory write downs

Accounting for loan modifications and debt restructuring

Lease accounting: what needs attention right now?

Privacy, data security, and California: new challenges and increased responsibilities

Recent FASB postponements and pronouncements

SSARS update: preparation, compilation and review

Registration

PICPA Member: $285
Nonmember: $385

More Information

Course No. 135503 Level: Update

Prerequisites: None

Notes
Taught by the course author! Coverage will be updated to reflect the most recently issued official pronouncements.

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.