Webcast: Financial Reporting Update for Tax Practitioners

367  |  Webcast  |  Update  |  Scheduled

Description

Designed for all tax practitioners, including those who just prepare returns and those who assist on financial statement engagements, this course will replenish your accounting and reporting tank with an update of recent standard-setting activities at the FASB and AICPA. To start, the course will review the significant new financial accounting, auditing, accounting services and ethics guidance issued by standard setters over the past few years. The course will also focus on the unique income tax reporting implications of recently issued accounting standards, such as revenue recognition (ASC 606) and leases (ASC 842). The course then discusses the preparation of tax-basis financial statements. Lastly, the course will dive into the unique income tax accounting considerations that arise from certain types of transactions, such as stock-based compensation, and review the presentation and disclosure requirements of ASC 740.

Credits

Number of Credits Type of Credits
3.00 Auditing
5.00 Accounting

Designed For

All tax practitioners desiring to remain up to date on recent accounting, reporting, and compilation and review activities

Prerequisites

Experience in financial accounting and reporting

Highlights

  • Recent standard-setting and consulting activities at the FASB
  • Proposed updates to income tax accounting and financial statement disclosures
  • Tax basis financial statements
  • Recently issued Statements on Auditing Standards and other audit-related hot topics
  • SSARS No. 21, Clarification and Recodification, and other recently issued and proposed SSARS

Objectives

  • Come up to speed on recent standard-setting activities at the FASB and the AICPA
  • Determine the income tax accounting impact of recently issued and proposed FASB ASUs
  • Be aware of auditing trends on the radar
  • Understand and apply the SSARS No. 21, Clarification and Recodification, relating to the preparation of financial statements and new guidance on compilations and reviews

Prices

Member (Early Bird)
$269.00
Non-Member (Early Bird)
$369.00
Member
$269.00
Non-Member
$369.00
Registration for this event has closed. If you have any question or concerns please give us a call at 615-377-3825 or send us an e-mail at registrar@tscpa.com

Instructors

Richard Daisley, CPA

Rich is Vice President of Accounting and Auditing Curriculum at Surgent CPE. He is a CPA and has over 30 years of experience in the accounting and auditing field. He has worked in both the client service setting as well as in internal capacities as a facilitator of accounting and auditing courses. He was an assurance manager with PwC, spending time in both the assurance practice as well as with PwC's Capital Markets and Accounting Advisory Services group, where he advised clients on the implementation of new accounting pronouncements as well as on issues related to public offerings. Rich also worked in PECO Energy's Merger and Acquisition group, where he performed financial due diligence that supported PECO's acquisition activity in the energy sector. He has experience in the manufacturing, health care, energy, and pharmaceutical industries.

Prior to joining Surgent, Rich also has more than 10 years of experience as a course developer and facilitator, creating and leading training courses on such topics as revenue recognition, stock based compensation, equity instruments and performing integrated audits under the Sarbanes-Oxley legislation. He also designed and delivered courses on instructor development and facilitation skills to senior PwC internal course instructors.

In 2015 he joined Surgent as Director, Accounting & Financial Reporting Content. In this role, he manages Surgent's A&A curriculum, including researching and developing the technical content for Surgent's Accounting and Financial Reporting curriculum.

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