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FASB/SAS Update Webcast

CPE

When
Oct. 2
8:00 a.m. - 4:00 p.m.

CPE Credits
8-A&A

Details

 Pricing

PICPA Member: $285 | Nonmember: $385

CLE Credit Add-On: $50


 More Information

Course No.
134505
Level
Update
Prerequisites
None
Note
Taught by the course author! Coverage will be updated to reflect the most recently issued official pronouncements.

Description

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


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.


 

William G. Engelbret, CPA, PhD
Associate Professor
Pennsylvania State University

William G. Engelbret is an Associate Professor of Accounting at Penn State Altoona, where he has taught for three decades. Recently, Dr. Engelbret served as the Head of the Division of Business and Engineering at Penn State Altoona for nine years. He holds a BA in Accounting from Thiel College, an MBA from the University of Pittsburgh, and a PhD in Accounting from the Pennsylvania State University. He is a licensed CPA. He has received numerous teaching awards from Penn State including the prestigious George W. Atherton Award for Excellence in Teaching. He has published a number of articles, a book, and a television series. Bill is a member of the American Institute of Certified Public Accountants (AICPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA).


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