Accounting and Auditing Symposium

614  |  Conference  |  Update  |  Scheduled

Description

A Live Stream version of this event is available here.

As an accounting professional navigating today’s increasingly complex financial and regulatory environment, having knowledge of the latest issues is crucial. At TSCPA’s 2019 Accounting and Auditing Symposium, you’ll receive a comprehensive update and learn about emerging trends regarding internal controls, enterprise risk management, lease accounting, mergers and acquisitions and much more.

TSCPA’s expert presenters understand the fast pace of change in the CPA profession, which is why they look to the future of accounting and auditing - to help you visualize the path forward to best manage risks and predict challenges down the road. Join your peers at this year’s two-day event to get insight into the issues affecting accounting and auditing today and make a plan for your future.

Credits

Number of Credits Type of Credits
16.00 Accounting
13.33 CLE

Prices

Member (Early Bird)
$465.00
Non-Member (Early Bird)
$565.00
Member
$515.00
Non-Member
$615.00
Your Price: $565.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. Early Bird rates will be applied to all registrations made prior to October 17, 2019.

Members log in and save $100.00 on this event. Not a member? join today.

October 30, 2019

8:00am - 9:40am (Central Time)
$0.00

This session will cover the following topics:

  • All audits require an assessment of the client’s system of internal controls.
  • The AICPA’s Auditing Standards Board encompasses COSO’s Internal Control Framework.
  • We will review the ASB / COSO requirements, including recent changes.
  • We will then review relevant case examples, and will discuss practical implementation issues.
9:55am - 11:35am (Central Time)
$0.00

This session will cover the following topics:

  • Brief overview the of the revenue recognition framework
  • The areas that will require new judgments
  • SEC comment letters on the earliest filings
  • The transition options
12:20pm - 2:00pm (Central Time)
$0.00

This session will cover the following topics:

  • Many firms develop internal control systems that fail to focus on the highest priority concerns.
  • The field of Enterprise Risk Management (ERM) provides standards to address such failures.
  • We will review the ASB / COSO requirements, including recent changes.
  • We will (again) review relevant case examples, and will discuss practical implementation issues.
2:15pm - 3:55pm (Central Time)
$0.00

This session will cover the following topics:

  • Overview of the acquisition method
    • Recent changes to goodwill impairment rules
    • Private company options
  • Variable interest entities
    • New rules
    • Private company options
  • Collaborative arrangements
    • New rules
  • Use of the equity method by non-operating partners in energy projects with available tax credits

October 31, 2019

8:00am - 9:40am (Central Time)
$0.00

This session will cover the following topics:

FASB

  • Latest finalized standards from the FASB — currently:
    • Costs of cloud computing
    • Employee benefits
    • Stock-based compensation
    • Financial instruments
    • Derecognition of nonfinancial assets
    • Disclosures and presentation
  • Proposed standards outstanding
SEC
  • Recent rulemaking — currently
    • New 10-Q requirements
    • Disclosure simplification
9:55am - 11:35am (Central Time)
$0.00

This session will cover the following topics:

  • We will review relevant case examples of loan applications.
  • We will discuss methods for compiling integrated cash flow and other financial projections.
  • We will review financial and non-financial metrics that are included in loan covenants.
  • We will review standards for assurance and advisory services in this field.
12:20pm - 2:00pm (Central Time)
$0.00

This session will cover the following topics:

  • Brief overview the of the new rules
  • The areas that will require new judgments
  • SEC comment letters on the earliest filings
  • The transition options
2:15pm - 3:05pm (Central Time)
$0.00

How does a company decide whether to focus on internal growth, growth via acquisition, or both?  This presentation will focus on key economic considerations of acquisitions to better inform participants of the operating and accounting challenges that lie ahead.  We will explore acquisition strategies, valuations, payment methods and the challenges of realizing synergies. 

3:10pm - 4:00pm (Central Time)
$0.00

We all keep track of the accounting standards that impact the financial statements. But are you also “up to date” on the accounting requirements for financial statement disclosures? In this session, we’ll review recent developments in the traditional Footnotes to the statements, as well as other mandatory financial and non-financial disclosures. Please join us to ensure that your knowledge of GAAP encompasses these important extensions of the traditional transaction-recording function of accounting.

$50.00

In order to select CLE credits, please login to your account or register with your applicable BPR number.

Speakers

Michael Kraten, CPA

Michael Kraten, PhD, CPA specializes in the development of business strategies that stimulate the generation of long term sustainable value. He maintains areas of expertise in communication techniques, corporate social responsibility, decision analysis, enterprise risk management, entrepreneurship, financial modeling, forensic analysis, sustainability, and valuation.

Dr. Kraten began his career in the assurance, advisory, and management consulting practices of Deloitte, one of the “Big Four” global accounting firms. After serving as a Management Consulting Partner in the New York headquarters office of BDO, then the sixth largest global accounting firm, he co-founded the entrepreneurial consulting practice AQPQ. The acronym refers to the academic and practitioner qualifications of the firm.

He is also a senior Professor at Houston Baptist University, where he designed and now teaches the graduate courses in entrepreneurial finance, advanced international accounting, and accounting theory, and the undergraduate course in advanced financial accounting.

In addition, Dr. Kraten serves as the Director of Assessment for all business school programs. Furthermore, he is the Founder and Director of the Faculty Learning Community on Sustainability, and the Founding Faculty Adviser to the Student Accounting, Finance, and Economics Initiative.

Furthermore, Dr. Kraten founded and directed the Certified Sustainable Value Professional (CSVP) program of the Rhode Island Society of CPAs. He now develops and presents customized accounting, business planning, leadership, risk management, and sustainability seminars for the Business Learning Institute and IHRDC, a global human resources development firm in the energy industry.

These activities have enabled Dr. Kraten to deliver consulting services, courses, keynote addresses, presentations, and workshops for a wide variety of organizations around the world. His client organizations and collaborative partners have included entrepreneurial start-ups, multinational corporations, government organizations, global charities, and international universities on six continents.

Dr. Kraten has published in the Journal of Banking and Finance, the International Journal of Accounting, Research in Accounting Regulation, the CPA Journal, the Journal of Financial Planning, Accounting and the Public Interest, and other major outlets. His handbook Business Planning and Entrepreneurship: An Accounting Approach is published by Business Expert Press.

In addition, Dr. Kraten serves on committees and task forces of the American Accounting Association, and is an officer of the Public Interest Section of the Association. He is on the Editorial Advisory Board of the CPA Journal, the Planning Committee of the Sustainability Investment Leadership Council, and the Advisory Board of the Center for Professional Accounting Practices at Fordham University in New York City.

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Thomas I. Selling, CPA

Thomas Selling is the author of the Accounting Onion Thomas Selling is the author of the Accounting Onion, one of the most popular weblogs providing investor-oriented commentary on current financial reporting issues. He has produced and led over 150 executive and professional courses on finance, U.S. accounting standards, international accounting standards and the SEC in sixteen countries. He frequently serves as an expert witness and consultant on accounting matters.

Tom has published numerous articles in academic and professional journals, including The Accounting Review, Accounting Horizons, Financial Analysts’ Journal and the CPA Journal. He is a co-author of the textbook International Financial Reporting and Analysis (McGraw-Hill Publishing Company), and authored for ten years SEC Compliance: Financial Reporting and Forms, a monthly reference service published by Thomson Reuters.

Tom recently served on the Standing Advisory Group of the Public Company Accounting Oversight Board and the AICPA’s Financial Accounting and Reporting Subcommittee for the CPA Examination. He has been a member of the advisory board of the Association of Audit Committee Members for 15 years.

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