CPE Course Understanding the High Stakes Mega Issues in A&A Today

June 16, 2021

8:30am — 12:30pm

Location

Member Price $139.50
Non-member Price $189.50

Curriculum Accounting

Field of Interest Accounting (General)

Level Intermediate

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry — controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

4.00 credits

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Objective

  • Understand and apply the FASB’s new revenue recognition standard, Topic 606
  • Review the FASB’s new lease accounting guidance, ASU No. 2016-02
  • Recall the relevant accounting guidance related to financial and non-financial asset impairment
  • Identify the appropriate accounting model to account for the restructuring of debt and other borrowing agreements

 

Highlights

With so much of significance going on currently in the world of A&A today, you need to be able to make sense of the key drivers of our profession. In this course, we will review the key aspects of the events that are impacting practitioners and financial statement preparers alike. Specifically, we will discuss how to get the implementation of ASC 842 over the finish line as well as the challenges in adopting the new reporting SASs and SSARS for year-end. Then we will do a detailed dive into the accounting and reporting issue that many companies grappled with in the aftermath of COVID-19, the going concern assessment. Lastly, we will review other topics of interest for everyone involved in the A&A profession. This course will keep you ahead of the curve when it comes to identifying and dealing with the mega-issues confronting the A&A profession today.

  • Accounting and operational impacts of adopting Topic 606
  • Accounting and operational impacts of adopting ASU No. 2016-02
  • Impairment of both financial and non-financial assets
  • Accounting for debt restructurings

Instructors

Michael Morgan, CPA

Michael J. Morgan is President of Langford Educational Enterprises, Inc., a consulting firm specializing in international auditing and taxation located in Griffin, Georgia. An accomplished author and instructor with over 35 years of experience in public speaking, Morgan has traveled internationally, writing manuals, and conducting seminars on accounting- and auditing-related topics for former communist countries. He is the recipient of several "Outstanding Discussion Leader" awards from the New York, Illinois, Nevada, and Virginia Society of CPAs on the topics of accounting and auditing, staff training, governmental, and not-for-profit entities. For several semesters, he was an accounting instructor in the School of Business at Old Dominion University located in Norfolk, Virginia. In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Morgan currently practices in the greater Atlanta, Georgia, area. Morgan is licensed as a Certified Public Accountant in Georgia, and Virginia. He is a past member of the Virginia Society of CPAs. He is a member of the Georgia Society of CPAs and the Association of Certified Fraud Examiners.close

Prerequisites

Experience in financial accounting and reporting

Developer

Surgent McCoy CPE, LLC

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