Accounting and Auditing Update for 2020

Featuring COVID-19 AFFECT ON FINANCIAL STATEMENTS & New Lease & Revenue Rules
(Full-Day or 2 Half-Days)


CATEGORY: Accounting & Auditing

SPEAKER: Prof. Kenneth Heaslip, CPA

DATE: June 7, July 8
(or 2 Half-Days option 6/7 & 6/8, 7/8 & 7/7)

TIME: Full Day Option: 8:50 A.M. - 5:10 P.M. Eastern 8:50 - 10:45 Welcome & Lecture
10:45 - 11:00 Coffee Break
11:00 - 12:30 Lecture
12:30 - 1:30 Lunch (on your own)
1:30 - 3:15 Lecture
3:15 - 3:30 Coffee Break
3:30 - 5:00 Lecture
5:00 - 5:10 Wrap-up

Half Day Option: 12:00 - 3:40 P.M. Eastern on each day.

LOCATION: Webinar Rebroadcast

Did you know that COVID-19 has a dramatic affect on financial statements? Kenn Heaslip has prepared an outstanding seminar that will highlight many COVID-19 effects on financial statements. Topics included in this segment are: Fair Value and Impairments for - Fixed Assets, Financial Instruments, Inventory, Goodwill. Additional COVID-19 topics are: 

• Going Concern
• Loan Modifications and Covenants
• Troubled Debt Restructuring
• Subsequent Events
• Risks and Uncertainties
• Business Interruption Insurance Recovery and Presentation
• Cares Act and PPP Loans
• Remote Engagements

This seminar will also feature a full discussion of all new FASBs and SASs including a complete update of the new revenue standard implementation.  This is a BIG ISSUE in 2020. Also featuring a full discussion of the new lease standards effective for 2022 and SSARS No. 24 & 25 on compilations and reviews.  Prof. Kenneth Heaslip presented for ACE during the past year and received rave reviews. He is one of the foremost Accounting and Auditing lecturers in the nation. This is a must attend seminar for all CPA's who prepare financial statements, and now also tax return preparers.

All attendees will receive a 600+ page PDF of Steve Fustolo's 2020 Accounting & Auditing manual. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0.

Topics & Learning Objectives Include:

  • New Revenue Standard Implementation - Including Sample Nonpublic Entity Disclosures for Implementation in 2020.
  • Lease Standards - Effective for 2022
  • SSARS No. 24 & 25
  • New Ethics Hosting / Service Rules, Effective July 1, 2019
  • Practical Examples Will Be Illustrated
  • Various other items

Kenneth Heaslip is one of the foremost lecturers in Accounting & Auditing. He has over 30 years of experience in lecturing on A&A topics and is currently a professor at Mercy College.

  • Program Level: Overview
  • Prerequisites: Basic Knowledge of U.S. GAAP, Compilation & Review, and Auditing Standards
  • Advance Preparation: None Required
    • $295.00 $255.00

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