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Hot Topics in Accounting and Financial Reporting

When
Dec. 14
12:30 - 4:00 p.m.

Where
Pennsylvania Institute of CPAs
Philadelphia - Map it

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $145 | Nonmember: $195

CLE Credit Add-On: $25


 More Information

Course No.
657703
Level
Update
Prerequisites
None
Note

Taught by the course author!

This is a four-credit seminar.

Description

Become familiar with breaking issues affecting the accounting profession. Understand the immediate and medium-term impact of FASB projects involving revenue recognition, leases, and financial instruments, and how they will affect closely held companies. Discuss financial reporting risks for small and medium-size companies. Learn how cybersecurity threats impact financial reporting and risk assessment and news ways to detect fraudulent financial reporting. 

Highlights

  • Economic outlook: Staying on course in a turbulent economic environment
  • Recent FASB standards, including revenue recognition, financial instruments, credit losses, loan covenants, and lease accounting
  • Cybersecurity: Recent changes in reporting, regulatory, and compliance responsibilities
  • Recent standards for related parties and fraud
  • Preparing for the opportunities and challenges of digitization
  • China, 5G, and the challenge to U.S. global leadership


Speaker(s)

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.


 


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