Middlesex/Somerset Chapter Season Pass - 2022/23

This session will review new guidance from the FASB, AICPA and PCAOB, the AICPA practice aid on analytics and AICPA professional ethics. It will also cover the technical aspects of sampling and the difference between attest and non-attest services.

Highlights

• AICPA practice aid on analytics and AICPA professional ethics
• Real- life examples on journal entry testing and client interviews
• Technical concepts on sampling, including those often misapplied and/or overlooked
• Other important practice matters

Benefits

• Apply the FASB, AICPA and PCAOB recent guidance on going concern accounting and reporting.
• Review and apply recently issued and proposed FASB and AICPA pronouncements.
• Preview new guidance that becomes effective soon.
• Discuss technical concepts on sampling.
• Review requirements for attest and non-attest engagements.

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities

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Coming soon!

Designed For

All CPAs

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Crypto is here to stay, and everyone should have a basic understanding of what it is and how it will impact commerce. Excel has been a very important — but underutilized — tool, and analytical techniques can combat some of the inefficiencies in analysis of financial data. In the first half of this session, you will learn about the basics of cryptocurrency, the underlying principles, block chain, different kinds of crypto and tokens, the future of crypto, and more. In the second half, you will see an overview of the powerful and easy-to-use capabilities of Power Query, Power Pivot and the Data Model to help simplify analytical procedures in Excel.

Highlights

Digital Assets 

• Explanation of basic digital asset concepts 

• • Cryptocurrency 
  • Blockchain 
  • Ethereum (ETH) 
  • Smart contracts 

• Non-fungible tokens 

• Considerations for prospective investors/participants in the digital asset markets 
• Advising clients who hold digital assets 

• • Tax treatment – When is there taxable income? 
  • Reporting requirements for exchanges and asset holders 

• Business and digital assets 

• • IRS and financial statement reporting requirements 
  • Building a business in the digital world – What are tech clients doing with digital assets 

 

Data Analytics for Accounting Professionals 

• What are accounting analytics? 

• • Financial statements 
  • Audit analytics 
  • Managerial analytics – cost/profitability analysis 
  • Tax data analysis 

• Identifying your Questions 

• • IMPACT cycle (Isson & Harriott) 
  • Risk assessment-focus 
  • Testing relevant assertions 

• Exploring the data 

• • Understanding sources of data 
  • Data types 
  • Bringing sources of data together 

• • • Primary and foreign key indicators 
    • Data schema 
    • Relational databases 

• Evaluating data veracity 

• Analytical techniques 

• • Trends and forecasting 
  • Outlier identification 
  • Comparisons 
  • Key performance indicators 

• Everyday tools (Microsoft Excel/Power BI) 

• • Power query 
  • Power pivot  
  • Visualizations 

Benefits

Learn about the basics of cryptocurrency, the underlying principles, blockchain, different kinds of crypto and tokens, the future of crypto and more. Get an overview of the powerful and easy-to-use capabilities of power query, power pivot and the data model to help simplify analytical procedures in Excel.

Designed For

All CPAs and financial professionals

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