U.S. GAAP: Annual Comprehensive Update with Renee Rampulla
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(Check-In 8:15am EST)
Virtual
8.00 Credits
Member Price $309.00
Non-Member Price $459.00
Overview
You could pay $0 for this course!
This comprehensive update has been designed to assist those who need to remain up to date on recently issued and effective accounting guidance issued by the Financial Accounting Standards Board (FASB). Learn what FASB guidance is on the horizon. Identify various types of accounting alternatives available for private companies and not-for-profit entities. Recognize the main aspects of the FASB Accounting Standards Codification and gain insight into the financial reporting environment..
This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-16242. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Prerequisites
Basic experience in the application of generally accepted accounting principles.
Designed For
Financial statement preparers, CPAs in industry, those practicing in the area of public accounting, auditors, educators, and other interested professionals and learners.
Objectives
Upon successful completion of this course, you will be able to: • Identify the financial reporting environment and the structure of the FASB codification. • Recognize recently issued accounting standards updates from the FASB. • Recall the accounting requirements for crypto assets, governmental grants, environmental credits, CECL, leases, interim reporting, joint ventures, hedging, and much more. • Identify topics on the FASB’s technical agenda. • Recognize the various accounting alternatives available to private companies and not-for-profit entities. • Recall the types of frequent disclosure requirements found in the financial statements of private companies such as continencies, risks and uncertainties, accounting policies, revenue recognition, leases, impairment, CECL and fair value.
Leader(s):
Leader Bios
Renee Rampulla, CPA, CGMA, American Institute of CPAs
Renee Rampulla has over twenty years of professional experience. She writes, lectures, and consults on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. Renee is the president and founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, she was a senior staff member of the American Institute of Certified Public Accountants (AICPA). At the AICPA Renee worked closely with senior technical committees, presented technical guidance before standard setters, and authored and updated several authoritative and non-authoritative publications. For several years Renee was an adjunct lecturer at a university in New York City where she taught numerous undergraduate accounting and auditing courses. Renee enjoys teaching and is an instructor and author of several continuing professional education courses for the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE) and other organizations, covering a variety of accounting and auditing topics. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the NYSSCPA, the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, and the Association of Certified Fraud Examiners. Renee serves as a committee member of the NYSSCPA’s Professional Ethics committee. She is currently the vice-leader of the NJSCPA’s Accounting and Auditing Standards Interest Group, becoming leader in June 2012. Previously she served as co-chair of the NJSCPA Accounting Standards and IFRS sub-committee interest groups.
Non-Member Price $459.00
Member Price $309.00