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Q1 2022 has come to a close and the economic unrest we’ve experience since the onset of COVID-19 in March of 2020 continues. As these issues continue to evolve, the accounting profession and all related regulatory bodies are keeping a close eye on the horizon to provide guidance on how issues are impacting the accounting profession. This update provides a high-level overview of the economy and geopolitical issues impacting the profession during Q1 2022 as well as an overview of highlight of the accounting regulatory bodies.

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

Note: This session is the actual recording of the live webinar on March 14, 2022.

Learning Objectives

  • Identify and overview of the status of the economy as of end of Q1 2022.
  • Discover the impact of COVID and geopolitical issues on various accounting areas.
  • Identify and overview of key regulatory groups.
Last updated/reviewed: May 18, 2022

11 Reviews (45 ratings)Reviews

3
Anonymous Author
Pretty good update just as long as you can stand listening to how messed up the current state of the world is. Now our regulatory bodies want to see Social impact instead of Economic Results. Time for me to find a new profession!
5
Anonymous Author
This was a great, relevant update of what's going on around the world and with the economy. It's also nice to get a summary of what the regulatory bodies are doing. Well done.
5
Anonymous Author
With all of the uncertainties in today's world, it is important for accounts to understand how these factors can impact financial reporting and disclosures.
5
Anonymous Author
Great technical accounting update course! I especially like the section of "Accounting Standards Updates" as it provides detailed description.
5
Anonymous Author
Good overview of current economic conditions as well as current updates to disclosures proposed by the SEC. PDF of slides is useful.
5
Anonymous Author
These quarterly updates never disappoint. I look forward to these and knowing I'm up to date on current accounting issues.
5
Member's Profile
I really like all of the information and the references in one place. This is very valuable information.
4
Anonymous Author
Another great course from Lynn Founatain, providing excellent insights in these turbulent times.
5
Anonymous Author
Great overview of the technical and economic updates for Q1 2022.
5
Anonymous Author
Great timely information focused on the hot topics. Keep it up.
5
Anonymous Author
I 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
  6:48Introduction to Q1 2022 Technical Accounting Update
  11:59Economic Overview
  9:24Economic Overview Cont'd
  4:06Updates
  16:02SEC and PCAOB Update
  1:20Summary
CONTINUOUS PLAY
  49:39Q1 2022 Technical Accounting Update
SUPPORTING MATERIAL
  PDFSlides: Q1 2022 Technical Accounting Update
  PDFQ1 2022 Technical Accounting Update Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM