FASB/SAS Update

Aug 17
8:00 - 4:00 p.m.

Hershey Lodge
Hershey - Map

8-A&A
CPE Credits

Hear about newly issued and forthcoming accounting pronouncements. Learn practical insights into the new lease standard, ASC 842. Become familiar with new standards involving debt covenants and waivers, not-for-profit reporting, and credit losses. Learn about recent developments in accounting for goodwill, intangibles, and impairment. Understand how California’s data privacy and GDPR regulations will impact all U.S. companies. Receive an adoption update on SSARS 21 through 25. Hear about recent FASB standards and how they will affect your company or clients. Receive an update on current and proposed standards involving EITF, FASB, PCAOB, ASB, and IASB.
Highlights

FASB overview
Five challenges in implementing lease accounting and how to overcome them
Revenue recognition: Report card on implementation
Private company reporting update
Privacy: California and GDPR explained and contrasted
SSARS 25: Practice issues in preparation, compilation, and review engagements
Recent FASB standards and developments
Auditing standards update on attestation reports, going concern, critical audit matters

Registration

PICPA Member: $285
Nonmember: $385

More Information

Course No. 134500

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

University of Pittsburgh - Johnstown

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.

Subscribe to PICPA's personalized e-newsletter to receive news and events that interest you.