Accounting, Auditing, and Financial Reporting
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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.
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.
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.
A/R and A/P: Effective Management Techniques
Your Computer!
Jan 15 1:00pm - 3:00pm
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
Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know
Your Computer!
Jan 18 9:00am - 1:00pm
4.00 Credits
Topics Discussed - Background, purpose, and main provisions of new standard - Transition guidance - 5-step process for recognizing revenue - Disclosure requirements - Implementation guidance contracts, tax matters, internal controls, ITDiscussion Leader(s) Renee Rampulla
Financial and Tax Accounting for Business Entities
Your Computer!
Jan 19 9:00am - 5:00pm
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
Annual Update for Accountants and Auditors
Your Computer!
Jan 19 9:00am - 5:00pm
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
Social Media Fraud: Detecting and Controlling the Threat
Your Computer!
Jan 19 1:30pm - 3:30pm
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
Defective Compensation Systems: When Bonuses and Incentives Go Bad
Your Computer!
Jan 21 11:30am - 1:30pm
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
Vendor Fraud: Protecting Against a Growing Threat
Your Computer!
Jan 21 2:30pm - 4:30pm
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
Surgent's Annual Accounting and Auditing Update
Your Computer!
Jan 22 9:00am - 5:00pm
8.00 Credits
Private company standard setting activities Recently issued FASB Accounting Standards Updates Leases -- Topic 842 Impairment -- Topic 326 Lessons learned from the adoption of Topic 606 Other items on the FASB’s Technical Agenda Recently issued SASs and other AICPA and PCAOB activity SSARS No. 21, Clarification and Recodification and other recently issued and proposed SSARS Peer review and other audit quality issues Other important A&A practice matters Discussion Leader(s) Richard Daisley, CPA
Leases: Mastering the New FASB Requirements
Your Computer!
Jan 22 9:00am - 5:00pm
8.00 Credits
KEY TOPICS: -Lease classification -Derecognition of the underlying asset -Recognition of lease receivables -Sale and leaseback transactions -Comparison of the requirements of U.S. GAAP and IFRS -Private company considerations -Short-term leases -Purchase options -Variable lease paymentsDiscussion Leader(s) Daryl Krause
Fixing Your Chart of Accounts
Your Computer!
Jan 22 10:00am - 11:00am
1.00 Credits
Current Chart of Accounts Best PracticesWhy developing a chart of accounts begins with studying your organizational chartHow to identify your account segmentsDetermining the order of your account segmentsBest practices for numbering account basesHow to avoid memorizationFixing Your Current Chart of AccountsHow big company and small company software differsTwo key approaches for preserving your historical dataWhat to know when making major chart of accounts changesDiscussion Leader(s) John L. Daly, MBA, CPA, CMA, CPIM