PUBLIC EVENTS CALENDAR

This course will cover both accounting and auditing! We’ll start with an overview of the Accounting Standards Updates (ASUs) effective this year as well as those that will be effective in the near future. We’ll take a high-level look into how to prepare for the leases and the new CECL model that was part of the financial instruments suite of standards. Then we’ll switch gears to focus on auditing. We’ll cover recently issued SASes, SSARS, and SSAEs including the new auditor reporting suite (SASes 134 through 141). Attendees will review recently issued audit standards as well as major proposals.
This course is a combination of What’s going on at the FASB and the 2020 Audit and Attestation Update. No credit can be given for 4 hr versions if 8 hr version taken.”

This course will provide an overview of what is changing in both governmental accounting and auditing. The Government Accounting Standards Board (GASB) has been busy lately and we will review the accounting standards issued by GASB including Leases and Fiduciary Activities. We will focus on the implementation of standards that will be effective in the near future. The course will also address common COVID19 related reporting issues. We then shift to audit to explore the major changes in Single Audit and Yellow Book that are impacting governmental accountants and auditors including those changes brought about by the global pandemic.

This course will look at the impact of COVID-19 on both accounting and auditing. We will examine how COVID is impacting the way audits are performed now and in the future. We discuss how to adapt to a remote audit and how professional skepticism must be enhanced in a virtual audit. We also review the impact on internal controls and a control reliance strategy. On the accounting side, the course addresses the impact of COVID on accounting standards including the delays issued by many standard setters. As CPAs continue to operate in a challenging environment and adapt to the “new normal,” attendees will leave this course with a great overall review of what must be considered to be successful in this environment!

Not-For-Profit entities are challenged with many unique accounting issues. This course reviews ASUs directly or indirectly impacting nonprofit entities and it features a deep dive into ASU 2018-08 and its impact on revenue recognition for grants and other contracts including application for Paycheck Protection Program (PPP). As we turn from accounting to auditing, we will look at the new auditor’s report effective in December 2021. We close with a review of Yellow Book alerts regarding COVID19 and the impact of fraud on risk assessment. This course provides an overview of the key items impacting nonprofit entities.

Governmental accounting is very unique. This course will introduce the financial reporting basics for governments, including fund accounting and modified accrual accounting. We will discuss budgetary accounting and the use of encumbrances. We will review the rules on exchange and nonexchange transactions. We’ll also analyze the layouts of the fund financial statements as well as the government-wide financial statements. The class will also cover the concept of component units and close the accounting section with a discussion on the concepts of Management Discussion & Analysis (MD&A) and other RSI that are specific to governmental entities.

This course reviews accounting standards issued by the Government Accounting Standards Board (GASB) that will be effective this year as well as those that will be effective in the near future. In addition to reviewing the standards, we will also focus on implementation strategies and challenges. Finally, we will turn our attention to the future by discussing GASB’s current projects and exposure drafts. This course covers the important changes to Yellow Book as well as Single Audits. We will review the major changes auditors need to understand when performing audits under GAGAS (aka Yellow Book or Government Auditing Standards). Areas of focus include the updated independence requirements, form and organization of the guidance, and quality control. We will then switch gears and cover the Uniform Guidance to provide participants with the information they need to properly perform and document a Single Audit under the Uniform Grant Guidance. We’ll focus on considerations that will impact current audits, including the most recent compliance supplement including a discussion of the impact of COVID on Single Audits. Attendees will review the new changes to the Uniform Guidance that were recently issued to help attendees be prepared for their Single Audits.

This course offers an in-depth look at the new leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation and disclosure requirements, while also focusing on a key area of change which is proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. In addition, we explore a variety of scenarios including short-term leases, purchase options, variable lease payments, and remeasurement. This course offers practical journal entry examples, lessons learned from implementation, and explores recently issued amendments to the lease accounting guidance.

Not-For-Profit entities are challenged with many unique accounting issues. This course reviews ASUs directly or indirectly impacting nonprofit entities and it features a deep dive into ASU 2018-08 and its impact on revenue recognition for grants and other contracts including application for Paycheck Protection Program (PPP). As we turn from accounting to auditing, we will look at recent changes in auditing and attestation standards that will impact NFPs. We also examine the latest developments in OMB and Yellow Book requirements including GAGAS alerts regarding COVID19 so that you are aware of the latest standards impacting your NFP related practice.

This course does a deep dive into revenue recognition for nonprofit entities. Attendees will be engaged through case studies to determine whether a transaction is a contribution or exchange transaction as well as whether a stipulation is a condition that impacts recognition. The course will also cover some additional guidance FASB has provided on cost sharing as well as whether a requirement to follow a budget represents a condition. We then switch gears and look to standards directly impacting nonprofits including collections, gifts in kind, and goodwill. The course closes with a look at how nonprofits will account for PPP loans and how they can leverage ASU 2018-08 for accounting and financial reporting.

This course reviews the accounting standards issued by the Government Accounting Standards Board (GASB) that will be effective this year as well as selected standards that will be effective in the near future. We then switch gears and discuss ASUs directly impacting nonprofit entities including revenue recognition, the definition of a collection, and gifts in kind. Finally, we close with a high-level overview of the changes to Yellow Book. If you are involved in financial reporting for NFPs or government entities, this course provides a great overview of the key standards most relevant to your work.

This course will also be streamed live for those unable to join in person.

This course is designed for accountants in public practice and industry that focus on nonprofit and governmental entities. We will cover the basics needed to understand what makes nonprofit and governmental accounting & auditing unique. In the morning, the course will address the key financial reporting differences for governmental and nonprofit entities. In the afternoon, we switch focus and review the fundamentals of Yellow Book and Uniform Guidance audits. This foundational course is perfect for those getting started in the nonprofit and governmental arena and those looking for a refresher.

This course reviews the recent activities of the Financial Accounting Standards Board (FASB) with a focus on standards effective in the current year. We’ll then switch gears and discuss standards issued by the Auditing Standards Board and the Accounting & Review Services Committees of the AICPA. This course provides a strong overview of the key new standards in order to help prepare you to implement them in an effective and practical way.

Key focus areas include: Recently issued Accounting Standard Updates (ASUs); leases; financial instruments; the new auditor’s report (SAS 134); employee benefit plan audits (SAS 136); materiality

In this course, we will look at the recent activities of the FASB, the Auditing Standards Board (ASB), and Accounting & Review Services Committee (ARSC) that impact small businesses. We will discuss the impact of the new standards and how you can prepare to implement them in a practical way. The course also includes a deep dive into private company reporting with a look at the Private Company Council as well as the AICPA Financial Reporting Framework for Small & Medium Entities (FRF-SME). This course is tailored to focus on topics primarily impacting smaller entities. It does not cover some of the more complex accounting requirements not commonly found in smaller entities.

This course reviews the recent activities of the Financial Accounting Standards Board (FASB) with a focus on standards effective in the current year. We’ll then switch gears and discuss standards issued by the Auditing Standards Board and the Accounting & Review Services Committees of the AICPA. This course provides a strong overview of the key new standards in order to help prepare you to implement them in an effective and practical way.

Key focus areas include: Recently issued Accounting Standard Updates (ASUs); Leases; Financial instruments; The new auditor’s report (SAS 134); Employee Benefit Plan Audits (SAS 136); Materiality

This course will look at the impact of COVID-19 on both accounting and auditing. We will examine how COVID is impacting the way audits are performed now and in the future. We discuss how to adapt to a remote audit and how professional skepticism must be enhanced in a virtual audit. We also review the impact on internal controls and a control reliance strategy. On the accounting side, the course addresses the impact of COVID on accounting standards including the delays issued by many standard setters. As CPAs continue to operate in a challenging environment and adapt to the “new normal” attendees will leave this course with a great overall review of what must be considered to be successful in this environment!

This course reviews the accounting standards issued by the Government Accounting Standards Board (GASB) that will be effective this year as well as selected standards that will be effective in the near future. We then switch gears and discuss ASUs directly impacting nonprofit entities including revenue recognition, the definition of a collection, and gifts in kind. Finally, we close with a high-level overview of the changes to Yellow Book. If you are involved in financial reporting for NFPs or government entities, this course provides a great overview of the key standards most relevant to your work.