Instructor for this course
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We all know 2020 was a year for the record books but 2021 continues to bring its surprises. COVID-19 continues its hold on the U.S. as well as the whole world. Along with this, have come many technical accounting challenges that FASB, the SEC, AICPA, and other accounting-related groups continue to monitor the economy and provide input regarding a multitude of accounting issues.

These updates are provided by Illumeo each quarter as a benefit to professionals to help understand some of the most prevalent issues and areas that may need to be focused on in the coming months.

Learning Objectives

  • Discover and overview of the status of the economy as of late April 2021.
  • Recognize the impact of COVID on the accounting profession.
  • Explore and overview of FASB, AICPA, PCAOB and GAQ updates.
Last updated/reviewed: May 13, 2022

15 Reviews (58 ratings)Reviews

5
Anonymous Author
Thankful for this useful update and lesson noted that I should continue to work on up-skilling towards better resource managament and cash flow management.
5
Anonymous Author
The instructor explains clearly some accounting updates and recent developments in the economy and accounting profession as at Q1 2021
4
Anonymous Author
This is a great alternative to watching live quarterly updates from the larger firms! Well-presented as always, by Lynn Fountain.
5
Member's Profile
This one is more technical then other quarterly reviews courses. Lots of important information regarding new accounting guidance.
5
Member's Profile
The instructor provided information about automation and upskilling that will impact the Accounting profession beyond COVID.
5
Anonymous Author
This was a thorough update about new guidance and the state of affairs in the pandemic world.
5
Anonymous Author
Nice and concise update to keep up with the rapid changes occurring quarter to quarter.
4
Anonymous Author
Informative update on changes to the environment and specifically accounting in 2021.
5
Anonymous Author
I always find this instructor's courses helpful. She always has good examples.
5
Anonymous Author
Great overview of what to expect, including reference and supporting sources.
5
Anonymous Author
Great update and applicable to the current year and what is new
4
Member's Profile
Very informative and insightful technical accounting update.
5
Anonymous Author
I enjoyed the course, and I found it very informative.
5
Anonymous Author
good update on the first quarter of 2021 for accounting
5
Anonymous Author
Good tie in of current events to trends in the market.

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
  5:57Introduction to Q1 2021 Technical Accounting Update
  11:39Economic Impact
  5:11COVID Impact on Accounting Profession
  8:08Accounting Impacts
  13:07Accounting Impacts Cont'd
  2:24Summary
CONTINUOUS PLAY
  46:26Q1 2021 Technical Accounting Update
SUPPORTING MATERIAL
  PDFSlides: Q1 2021 Technical Accounting Update
  PDFQ1 2021 Technical Accounting Update Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM