Course ID: SSARSPIU

SSARS Professional Issues Update

This course will cover in-depth the new “Preparation” engagement now contained in the SSARS literature. Participants will also learn the details of new accounting standards for leases, flexible financial statement format for not-for-profit organizations, and uncertainties about an entity’s ability to continue in existence.


Learning Objectives

  • Recognize the difference between a “preparation” engagement and a compilation engagement and its suggested uses
  • Distinguish between an operating versus financing lease and which new financial statement formats will be acceptable for not-for-profit organizations
  • Assess how going-concern issues affect year-end financial statement reporting

Major Topics

  • Preparation versus Compilation Engagement
  • New Lease Standard Including Balance Sheet and Income Statement Effects
  • Flexible Financial Statement Formats for Not-for-Profit Organizations

Who Should Attend

CPAs who perform compilation engagements; and Chief Financial Officers, Controllers and other senior accounting staff personnel with responsibility for leasing activities and financial statement preparation


Fields of Study

Accounting

Prerequisites

Participants in public accounting should have a general knowledge of current compilation and review professional standards. Participants in public accounting, as well as those in other industries/areas, should be familiar with current leasing standards and be involved in the preparation of financial statements for Not-for-Profit organizations.


Provider

Business Learning Institute

CPE Credits

4.0

Level

Intermediate

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org
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