Accounting's Perfect Storm: A Moving Target!

Monday, December 23, 2019
Webcast or Webinar, Online
9:00 AM - 1:00 PM(opens at 8:30 AM) EST
Accounting and Auditing

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

$129.00 Regular Price
$159.00 Regular Price
Course Type: Webcast
Course Code: 19/ACAPS18
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting


The world of professional accounting in the United States is changing forever.  While most financial managers and CPAs are aware of the potential incorporation of International Financial Reporting Standards into U.S. GAAP, many are not sensitive to the potential changes resulting from FASB’s convergence project and the impact of changes in accounting standards for non-public companies from the FASB and the AICPA.


These three elements—adoption, convergence and FASB and AICPA private company reporting—come together to form Accounting’s Perfect Storm.  The changing climate will mandate monumental changes in reporting, operations and financial systems.  You cannot afford to miss this entertaining and interactive course.


*Explore the elements of the Perfect Storm *Develop an appreciation for the adoption impact *Learn how the convergence project will change your basic financial reporting model *Discover the potential alternatives for private company reporting *Identify the critical operations issues driven by the storm *Identify 10 action items for you to take today as you prepare for the stormy weather

Major Topics:

*The elements of the storm and their current status

*The impact of IFRS adoption

*The major convergence issues

*An overview of the elephant in the room—reformatted financial statements

*Exercise: Generating management’s interest in the change in climate

*Alternatives for private company reporting

*Exercise: Selecting the right basis of accounting for your company or client 

*10 business issues driven by the storm

*10 action items for you to take today in preparation for the storm

*Exercise: Preparing key stakeholders for the storm

Designed For:

CPAs in practice and Members in Industry


Knowledge of current events in the financial reporting field.