Review of Significant Accounting Topics | 4202792A

Date :
June 29, 2020 8:30 AM - 4:00 PM
Location :
Webcast
Facility :
Webcast Remote
Level of Difficulty :
Intermediate
Member Price :
295.00
Nonmember Price :
400.00
CPE Credits :
CPE 8.00, AA 8.00
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Address areas of accounting that present challenges for financial statement preparers of nonpublic entities. Learn about the information necessary to understand these issues and explore practical, applicable approaches.

Topics include:

    • Uncertainties:  What Should Be Disclosed and How Much Information Should Be Provided?
    • Disclosures:  Don’t Hide the Forest in the Trees.
    • Fair Value:  When It Is Required and When Else It May Be Used?
    • Other - Political, economic, business, or other activities of the period. Business implications; alternative accounting treatments, and the impact on the financial statements.

Attendees have the option to further participate by requesting specific areas of accounting to be addressed in the course. The inclusion of suggestions are added when possible (the option unavailable to web re-broadcast attendees).

 

 

Objectives:

 
    • Recognize business uncertainties, distinguishing among those that are part of everyday life, those raising enough of a threat to justify notifying stakeholders of its existence and general implications; and those requiring significant attention due to the magnitude of its potential effect, the likelihood of occurrence, or both.
    • Develop a practical approach for preparing disclosures with the goal of creating footnotes that are easily read and understood.
    • Identify the uses of fair value as a basis for measuring financial statement elements.
 
 
 
 

Major Subjects:

 
    • Accounting for and disclosing uncertainties
    • Developing client-based disclosure checklists
    • Writing effective and understandable footnotes
    • Defining and measuring fair value
    • Reporting and disclosing fair value amounts and changes in fair value
 
 
 
 

Advanced Prep:

 

None.

 
 
 
 

Misc. Information:

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Level of Difficulty:
Intermediate
Field of Interest:
Accounting
Prerequisites:
 

Basic knowledge of GAAP and accrual accounting.

 
 
 
 
Designed For:
 

CPAs, controllers, accounting and financial professionals.

 
 
 
 

Instructors

Mark Edward Dauberman, CPA

Mark Dauberman provides CPE and technical staff training for CPA firms, private industry employers of accountants, and government organizations on topics that include accounting, compilation and review, fraud, internal and external auditing, developing internal controls, strategic planning, and practice management. He is also the senior editor for Roger CPA Review Course and authors CCH’s Knowledge-Based Compilations and Reviews.

Dauberman’s public accounting experience includes working with various local firms throughout high school and college, and employment with Kenneth Leventhal & Company. More recently, he was a partner at NSBN, a Beverly Hills CPA and business consulting firm. Dauberman’s industry experience includes serving as assistant controller of a large trucking and warehousing firm. He has been both a controller and the vice president of finance and administration for major real estate development companies. He also spent nearly 30 years as an entrepreneur, operating a business that prepared individuals for the CPA exam.

Dauberman taught his first university accounting class in 1969 and has been involved in accounting education since, most recently a visiting lecturer at California State University, San Bernardino. He obtained his bachelor’s degree in accounting from California State University, Northridge and his executive MBA at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he previously had been a student of Dr. Drucker’s.

Materials:

  • Materials - ebook