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.
*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
|Accounting's Perfect Storm_Handout (1.12 MB)||Available after Purchase|
|Accounting's Perfect Storm_Slides (1.12 MB)||26 Pages||Available after Purchase|
|Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB)||Available after Purchase|
|Accounting's Perfect Storm_Q&A (12.3 KB)||Available after Purchase|
WILLIAM F. O’BRIEN, MBA, CPA, is a financial management consultant and educator with over 40 years of experience. He has held senior financial management positions with Intel Corporation and ROLM Corporation and served as CFO for several emerging high technology companies. Mr. O’Brien has extensive experience in corporate planning, financial analysis, cash management and managerial accounting in both domestic and international settings. He has served on the faculties of Santa Clara University and San Jose State University and is a frequent financial seminar speaker in both the U.S. and abroad.
Knowledge of current events in the financial reporting field.
CPAs in practice and Members in Industry
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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