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Friday, December 3, 2021 Live Webcast

Financial Reporting Update for Tax Practitioners (E2112161)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

8.0 CPE Credits in AA

OVERVIEW

Designed for all tax practitioners, including those who prepare tax basis financial statements for their clients, this course will replenish your accounting and reporting tank with an update of recent standard setting activities at the FASB and AICPA. The course will focus on recently issued updates by the FASB, including the new revenue recognition, lease, and financial instruments and other significant new accounting standards, with a focus on how these new Updates will impact income tax accounting. We’ll also review lessons learned from the adoption of Topic 606, focus on maintenance efforts in following the new revenue guidance, including the continuing income tax effects of the new standard. The course will also discuss recently issued standards from the AICPA. The course will also review recent FASB updates that impact income tax accounting for stock-based compensation and the presentation of deferred taxes on the balance sheet, as well as review the format of tax basis financial statements and provide an update on recently issued and proposed FASB changes to income tax accounting and disclosures. Lastly, the course will review recent activities of other standard setters, with a focus on how the new guidance will impact tax practitioners. For tax practitioners, this is the one place to go in order to get up to date on what is going on in the world of financial reporting. We will also review the recent activity of the AICPA, which would impact tax practitioners. The course will focus on any changes to common book-tax temporary differences which will result from applying this new guidance and will utilize plenty of hands-on examples and illustrations to increase your overall understanding and application of the material. For tax practitioners, this is the one place to go in order to get up-to-date on what is going on in the world of financial reporting.

DESIGNED FOR

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

BENEFITS

  • 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

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

COURSE LEVEL

Update

PREREQUISITES

Experience in financial accounting and reporting.

ADVANCE PREPARATION

None

INSTRUCTOR

Daryl Krause

Daryl G. Krause, CPA

AICPA/Professional Development Institute

Daryl G. Krause, CPA DG Krause LLC / Indianapolis, Indiana

Mr. Krause has CPA certifications in several Midwestern states. He practices public accounting as Manager & CEO of his regional CPA firm, headquartered in Indianapolis, Indiana, which he founded in 2005. DG Krause LLC is a member of the AICPA’s Employee Benefit Plan Audit Quality Center and performs employee benefit plan audit services for which Daryl serves as the sign-off partner.

Daryl has led more than 200 CPE programs for the AICPA, Surgent McCoy CPE, LLC, The Ohio Society of CPAs and Indiana CPA Society since 2008. He has led programs in 33 states and the District of Columbia for the AICPA alone, thereby helping thousands of CPAs around the country to maintain their licenses. He leads programs sponsored by State Societies, or Firm or Organization sponsored in-house programs. Chosen by the AICPA to be the Program Leader for the 2016 videotaping of Leases: Mastering the New FASB Requirements, an 8 hour CPE program introducing this critical new accounting topic, which is frequently rebroadcast and he often serves as its monitoring technical expert.

He has performed technical reviews during the development of certain AICPA courses including the 2013 editions of Revenue Recognition, Top 10 GAAP Issues, Internal Control Essentials for Accountants and Auditors and several Employee Benefit Plan related courses. He is the Content Matter Expert of the recently published AICPA Accounting Trends & Techniques Employee Benefit Plans-Best Practices in Presentation and Disclosure - Sixth Edition - 2016 copyrighted publication. Author of several 2016 employee benefit plan-related DG Krause LLC CPE programs offered by the Indiana CPA Society.

Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services. Roles included Ohio Valley Area Director of Employee Benefit Plan Services for 8 years, Senior Manager in the Entrepreneurial Services group for 3 years, Senior Manager in National Professional Development group for 5 years, which involved designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice.

PRICING

$289.00 - Member

$439.00 - Nonmember

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Note: Online pre-registration will close on December 3 at 9:00 AM.

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COURSE DEVELOPER

Surgent