Accounting, Auditing, and Financial Reporting

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How the pandemic has affected public finance

March 09, 2021

The pandemic has caused some special circumstances for state and local governments in juggling their finances. Jeffrey Previdi, the vice-chairman of the Governmental Accounting Standards Board who spent more than 20 years of his career at S&P Global Ratings, talks about what his regulatory organization has done to assist them.

  • accounting and auditing
  • coronavirus

IASB issues amendments to IFRS relating to policy disclosures, estimates

February 12, 2021

The International Accounting Standards Board (IASB) issued Friday a series of narrow-scope amendments to IFRS.

  • accounting and auditing

Single audits: Deliver high quality in a challenging time

February 11, 2021

The release of the Office of Management and Budget’s (OMB’s) Compliance Supplement addendum for single audits right before Christmas gave practitioners long-awaited guidance for these specialized audits that are especially complicated because of the surge in government funding related to the coronavirus pandemic.

  • accounting and auditing
  • coronavirus

How one government auditor improved employee training

January 19, 2021

Stephanie Palmertree, CPA, CGMA, is the director of the Mississippi State Auditor's financial and compliance division, which routinely conducts and manages annual audits of 134 state agencies and component units, 158 school districts and community colleges, and 82 county governments.

  • accounting and auditing

IMA CEO Thomson foresees 'megatrends' for accountants this year

January 13, 2021

Institute of Management Accountants president and CEO Jeff Thomson is predicting six megatrends in the finance and accounting profession this year.

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity

Labor Department's independent contractor rule may not stand for long

January 12, 2021

The U.S. Department of Labor’s new rule for defining an employee vs. an independent contractor is likely to be challenged in the incoming Biden administration as well as court, but it does provide some helpful guidance for companies struggling with how to adapt to the new gig economy.

  • accounting and auditing
  • business and industry
  • practice management

Surgent's Introduction to Forensic Accounting

Mar 19th 1:00pm - 4:30pm

Online

4.00 Credits

Review of the different aspects of forensic accounting The civil litigation process as it relates to forensic accounting Litigation services provided by forensic accountants Fraud detection and prevention Various types of fraud Training and certifications in forensic accounting Forensic accounting in bankruptcy proceedings Forensic accounting in family law proceedings Calculating damages for use in litigation Valuations Ethical issues pertinent to forensic accounting Discussion Leader(s) Jason Cornell

Vendor Fraud: Protecting Against a Growing Threat

Mar 19th 3:30pm - 5:30pm

Online

2.00 Credits

External and internal vendor and AP fraudsVendor frauds that can cost you more than theft of goods or cashSubcontractor fraudWho commits vendor fraudVendor invoicing fraudManipulating vendor checksThe red flags of vendor fraudsStraw and fake suppliers: Case studiesKickback schemesDiscussion Leader(s) Peter Goldmann, CFE

A/R and A/P: Effective Management Techniques

Mar 22nd 11:30am - 1:30pm

Online

2.00 Credits

Leverage technology to manage A/R and A/PStructure A/R to provide your organization a strategic advantageTen ways to collect your moneyMake A/P a tool to enhance your Supply Chain's potentialUse bench marking metrics to manage and track the effectiveness of A/R and A/P in cash managementÿDiscussion Leader(s) Richard A. Karwic, MBA

Defective Compensation Systems: When Bonuses and Incentives Go Bad

Mar 22nd 12:30pm - 2:30pm

Online

2.00 Credits

Using real cases, learn how several typical compensation systems cause employees and management to behave in a manner that has an adverse effect on the entity's best interest, resulting in control, financial reporting and auditing risks.Government risk - Policing for profitIndustry risk - Trucking companiesCompany risk - Domino'sRegulatory risk - First Energy Davis-Bessie Power PlantHealthcare - Discharging patients to maximize profitsNonprofits - Rewards based on outputs vs. inputsSchools - Perverse incentives compel teachers to cheatBONUS - Maximize profits - How to transform goal incongruence into goal congruenceDiscussion Leader(s) Gary Zeune, CPA MAcct

Financial and Tax Accounting for Business Entities

Mar 22nd 9:00am - 5:00pm

Online

8.00 Credits

Review of the Accounting Standards Codification and its application to partnerships, LLCs and S corporations.Review of OCBOA and its application of difference business entities.Review of the AICPA financial reporting framework for small and medium-sized entities.ÿThe integration of financial accounting with the Form 1065 and Form 1120S.Review of Section 704(b) substantial economic effect rules and their relation to financial accounting.Deferred tax accounting for partnerships, LLCs and S corporations.Financial accounting for the operations of a partnership/LLC.Review of the new AICPA "small" GAAP rules.Required S status financial accounting disclosures.Financial accounting impact of the C to S election and the S to C election.Financial vs. tax accounting for loans to and from S corporations and their shareholders and S corporation investments in other entities.Discussion Leader(s) Steven C. Dilley, CPA, JD, PhD

Governmental and Not-for-Profit Annual Update

Mar 22nd 9:00am - 5:00pm

Online

8.00 Credits

 Federal government activities  Accounting standards updates  AICPA activities and emerging issues related to not-for-profit entities  GASB activities  FASB activitiesDiscussion Leader(s) Melisa F. Galasso

Social Media Fraud: Detecting and Controlling the Threat

Mar 22nd 4:00pm - 6:00pm

Online

2.00 Credits

The major topics included in this presentation are...Details of how common social media fraud schemes are committedÿHow to detect social media attacks where you least expect themÿHow to identify red flags of possible social media schemesÿWho the most common perpetrators areBest practices for training all employees in how to detect, report and prevent social media attacksDiscussion Leader(s) Peter Goldmann, CFE

Annual Update for Accountants and Auditors

Mar 23rd 10:30am - 6:30pm

Online

8.00 Credits

Key Topics - Recently issued ASUs, including an update on leases, revenue recognition and financial instruments - Current FASB projects - Recent PCAOB guidance - Latest activity from ARSCDiscussion Leader(s) Kurt G. Oestriecher, Russ Madray

Financial Accounting for Related Party Transactions

Mar 23rd 10:00am - 12:00pm

Online

2.00 Credits

FASB codification provisions for transactions with related parties, including business owners and special purpose entities.Compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities.Reviews the tax accounting related taxpayers standards,Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards.Discussion Leader(s) Steven C. Dilley, CPA, JD, PhD

GAAP Alternatives: Surviving the Perfect Storm of Updates

Mar 23rd 5:00pm - 6:00pm

Online

1.00 Credits

The major topics that will be covered in this course include:Review of special purpose frameworksDiscussion of non-GAAP options for financial reportingU.S. GAAP alternatives for certain entitiesDiscussion Leader(s) Chris Harper, CPA, MBA