ACCOUNTING STANDARDS UPDATE: ASU 2021

Description

Receive an update the economic and business outlook
for the coming 18 months.
Understand the financial reporting risks for, closely
held companies out of COVID19 disruptions
Prepare to implement the major accounting guidance
for loan modifications, forgivable debt and covenant
issues
Understand the challenges of going concern reporting
Learn techniques for measuring and sustaining
resilience in closely held companies
Receive an update on current and proposed
developments at FASB, PCAOB, ASB, & SSARS

Learning Objectives

To provide CPAs with insights and tools needed to fulfill their leadership and reporting responsibilities as we emerge from the economic downturn. Coverage will be updated to reflect the most significant challenges that confront companies today and in the medium term. It focusses on issues faced by private companies and the CPAs who provide a range of services to them.

Major Topics

Standard setter update
Accounting for goin concern, impairment and inventory write downs
Load modifications and forgiveness, debt restructuring and covenant compliance
Revenue Recognition revisited
Recent FASB & AICPA activity, delays & pronouncements

Provider

Maryland Association of CPAs

Course Level

Update

Professional Area of Focus

Accounting & Auditing

CPE Field of Study

Accounting

Who Should Attend

Accountants in public practice and industry who need a comprehensive review of recent accounting and auditing pronouncements and other developments which will affect them in the coming year.

Instructor(s)

Ray Thompson

Prerequisites

None

Advanced Preparation

None

Location

Online

Event Information

When

Aug 10, 2021
12:00 pm - 4:00 pm EST

Location

Online

Total CPE Credits

Format

Live Webcast

$110.00

$140.00

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