Lowes – Session 2: Hot Topics in Accounting and Financial Reporting (Accounting Update)
Description
This course will provide CPAs who work with closely held companies an up-to-the minute overview of the major challenges they are currently facing in their practice. Topic coverage will be selected by participants and will be updated to reflect the most important issues that are affecting practitioners today.
Learning Objectives
Understand how evolving cybersecurity threats impact financial reporting
Recognize new ways to detect fraudulent financial reporting
Understand the immediate and near medium term e impact of FASB projects involving revenue recognition, leases and financial instruments and how they will affect closely held companies
Become familiar with breaking issues affecting the profession
Major Topics
Lease accounting – challenges & practical answers
Revenue recognition – FASB principles and industry implementation strategies
Recent FASB standards – financial instruments, loan covenants, not-for-profits and the simplification initiative
Cybersecurity – accounting, regulatory and compliance responsibilities.
Detecting & preventing financial statement fraud: new tools and challenges
Provider
Business Learning Institute
Course Level
Update
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
5.0
Who Should Attend
Accountants in public practice and business who need an update of recent professional developments.
Instructor(s)
Jennifer Louis
Prerequisites
Prior learning or experience in accounting and auditing
