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Thursday, June 4, 2020 Webcast

Cybersecurity Awareness in Accounting and Revenue from Contracts with Customers (E2006373)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

webcast

Webcast

4.0 CPE Credits in AA
4.0 CPE Credits in CS

OVERVIEW

This course will teach participants the basics of cybersecurity awareness: how to safeguard sensitive data, address cybersecurity threats within a firm, and use AICPA best practices to manage and obtain assurance of cybersecurity risks. Learn the key provisions of the revenue topic and how to identify and apply the new five-step revenue recognition model, describe the disclosure requirements, as well as discuss transition and business implications of the guidance.

DESIGNED FOR

All accounting and financial professionals looking to gain additional knowledge on data analytics in a general sense as well as through practical analysis, in both industry and public practice.

BENEFITS

  • Explain the cybersecurity threat landscape and its economic costs
  • Identify evolving state regulatory and legal rules related to cybersecurity
  • Apply the core principles of cybersecurity awareness to limit cybersecurity risk
  • Describe the AICPA’s cybersecurity risk management framework and CPE responsibilities
  • Provide reasonable assurance related to third-party consultants and cloud providers
  • Educate the firm and clients on cybersecurity basics, risk management, and best practices
  • Recognize how the new revenue guidance differs from legacy revenue guidance
  • Identify and describe the five steps involved in applying the revenue recognition model
  • Identify and describe selected industry implementation guidance developed by the AICPA
  • Identify the disclosures required in the ASU for both public and non-public entities
  • Identify the transition requirements to be applied

HIGHLIGHTS

  • Overview of data analytics
  • Understanding data systems
  • Discussion on specialized technologies to aid in the audit plan
  • Interrogating data and practical application of specialized technologies
  • Objectives and scope of Topic 606
  • Five-step revenue recognition model
  • Selected industry implementation guidance related to Topic 606
  • Presentation and disclosure related to Topic 606
  • Transition guidance and business implications of Topic 606

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Edward K. Zollars, CPA Edward K. Zollars, licensed as a CPA in Arizona, is in public practice in Phoenix, Arizona, as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He specializes in tax issues for closely held businesses and individuals. He has served on committees with the AICPA Tax Section and currently serves on the Arizona Society of CPAs legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing, and presenting courses for the past 14 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, starting as the Sysop of the AICPA’s Accountants Forum on CompuServe in the 1990s.

PRICING

$389.00 - Non Member

$289.00 - Member

Register Today


Note: Online pre-registration will close on June 3 at 8:30 PM.

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