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.
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.
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.
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.
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.
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.
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