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Accounting Standards Update 2021 Webcast

CPE

When
June 25
8:00 - 11:30 a.m.

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $139 | Nonmember: $189

CLE Credit Add-On: $25


 More Information

Course No.
782007
Level
Update
Prerequisites
None
Note
This is a four-credit seminar.

Description

Receive an update on the economic and business outlook for the coming 18 months. Understand the financial reporting risks for closely held companies coming out of the disruption from the pandemic. Prepare to implement the major accounting guidance for loan modifications, forgivable debt, and covenant issues. Receive an update on current and proposed SSARS developments, as well as those from the FASB, PCAOB, and ASB.

Highlights

  • Standard-setter update, including recent FASB and AICPA activities, delays, and pronouncements
  • Accounting for going concern, impairment, and inventory write-downs
  • Loan modifications and forgiveness, debt restructuring, and covenant compliance
  • Revenue recognition revisited


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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