FASB Update for Small & Medium-Sized Businesses [FAUR]

Nov 15, 2019
Time: 8:00am - 4:00pm

Subject:

Accounting & Auditing

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

Jack Georger, CPA    more info

Jack Georger has served a broad base of clients, including port authorities, higher education institutions, community service organizations, foundations, counties, school districts, cities, and employee retirement systems. In addition, the commercial clients he has served include construction, real estate, aerospace, research and development, agricultural, and professional service firms. Jack has also consulted on numerous budgets and rate and cost studies for municipal authorities, as well as the design and implementation of internal control systems for various entities. During his career, Jack has had the opportunity to audit publicly traded companies, both accelerated filers under PCAOB Auditing Standards and non-accelerated filers; major U.S. cities and counties; colleges and universities; and some of the largest not-for-profit organizations in the United States. Jack is licensed to practice as a certified public accountant (CPA) in the states of California, New York, Virginia, Maryland, South Carolina (inactive), Nevada, Connecticut (inactive), Wyoming (inactive), and Georgia (inactive), and in the District of Columbia; he is also a Certified Internal Auditor (CIA). He is a member of the Institute of Internal Auditors, California Society of Certified Public Accountants (CSCPA), New York State Society of Certified Public Accountants (NYSSCPA), Nevada Society of Certified Public Accountants, and Government Finance Officers Association (GFOA). Jack currently serves on the Auditing Standards and Rules Committee, Not-For-Profit Committee, Sustainability Committee, and Government Accounting and Auditing Committee of the NYSSCPA. Jack has been a member of the GFOA Special Review Committee for the Certificate of Achievement for Financial Reporting since 1990. Jack graduated from George Mason University with a degree in Business Administration, and he first became a CPA in the state of Connecticut in 1981. He was in private practice in New York, where his firm provided auditing, accounting, and tax services to various local governments, not-for-profit organizations, small businesses, and individuals for over twenty years. Since selling his practice in 2001, Jack has been an Audit Senior Manager with KPMG, LLP and Pricewaterhouse Coopers, LLP; a partner in a regional firm in Los Angeles; Audit Director with McGladrey and Pullen, LLP; and, currently, a partner with the Pun Group, LLP. 

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Website registration for this course closes on November 8, 2019. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

FASB Update for Small & Medium-Sized Businesses: A Practical Implementation Guide (FAUR)

November 15, 2019

Westmark Fairbanks Hotel
813 Noble Street
Fairbanks, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Recently updated to include discussion of new FASB standards on revenue, leases, and measurement of financial instruments, this course is designed for small and medium-sized business practitioners and their staff, whether in public accounting or business and industry, and will provide you with a comprehensive review of recent FASB accounting and reporting matters most relevant to smaller companies including: Private Company Standard Setting activities; Accounting Standards Updates (ASUs) recently issued and the FASBs current technical agenda; Revenue Recognition; Lease Accounting; and new ASUs dealing with financial instruments. Plus, the course will discuss such hot topics as the impact of current technology trends on the accounting profession. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients.

Major Topics:
- Private company standard setting activities
- FASB Accounting Standards Updates (ASUs) relevant to smaller businesses
- Revenue recognition implementation guidance
- Lease accounting implementation guidance
- Overview of recent FASB Updates on financial instruments
- Other important practice matters to practitioners who serve small and medium-size businesses, including cybersecurity and technology trends

Learning Objectives:
- Private company standard setting activities
- FASB Accounting Standards Updates (ASUs) relevant to smaller businesses
- Revenue recognition implementation guidance
- Lease accounting implementation guidance
- Overview of recent FASB Updates on financial instruments
- Other important practice matters to practitioners who serve small and medium-size businesses, including cybersecurity and technology trends

Designed For: Small and medium-sized 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

CPE Credits: 8, Accounting & Auditing

Level of Knowledge: Intermediate

Prerequisite: Experience in financial accounting and reporting

Acronym: FAUR

Discussion Leader: Jack Georger, CPA