Instructor for this course
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Each year accountants and auditors must implement numerous updates from accounting standards/requirements outlined by the AICPA, FASB, PCAOB, SEC and others. The following information is related to Q1-Q4 2020 and is gathered from leading source economic publications.

This session will examine the overall 2020 economic conditions (mostly created from the pandemic). We will also review some of the most significant actions taken by the regulatory bodies such as the AICPA, SEC, PCAOB, FASB.

Note: With the impact of COVID-19 and its unprecedented implications on our personal lives and businesses, much of this update will cover actions taken by regulatory bodies related to information important to accounting professionals.

Learning Objectives

  • Examine an economic update for 2020 and understand how it has impacted the profession.
  • Evaluate and examine regulatory updates for SEC, FASB and the AICPA and understand how they have impacted the profession.
Last updated/reviewed: June 4, 2021

8 Reviews (27 ratings)Reviews

5
Anonymous Author
This is a great high level/general review of current updates as you end your 2020 reporting. There are lots of things to watch for brought about by the pandemic depending which industry and reporting requirements you need. Great course!
4
Member's Profile
Appreciate the links where to update info and instructor didn't spend a lot of time of the "might happens", instead focusing on actual changes.
5
Anonymous Author
Good overview with references to sources providing specific guidance and continual updates
5
Member's Profile
The course was informative and the instructor could be understood clearly.
5
Member's Profile
A very informative course. Lot's of useful information in various areas.
5
Member's Profile
Good high level overview of the regulatory updates that have happened.
5
Anonymous Author
This course provides some very useful regulatory and economic updates
5
Anonymous Author
I really enjoyed the course, and I found it very informative.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:42Introduction to 2020 Technical Accounting Update and 2021 Outlook
  11:15Economic Update
  7:04Regulatory Update
  8:12Regulatory Update Cont'd
  4:33Regulatory Update-ASC Topic 606
  5:56AICPA
  5:34Other Developments
  2:30Summary
CONTINUOUS PLAY
  49:462020 Technical Accounting Update and 2021 Outlook
SUPPORTING MATERIAL
  PDFSlides: 2020 Technical Accounting Update and 2021 Outlook
  PDF2020 Technical Accounting Update and 2021 Outlook Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM