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UID:1714405680@thefeng.org
DTSTAMP:20240429T154800Z
DTSTART:20220111T161500Z
DTEND:20220111T170000Z
ORGANIZER;CN=Dave Quimby:MAILTO:dg_quimby@yahoo.com
SUMMARY:THE FENG: Year End Financial Accounting Considerations
LOCATION:Zoom call
DESCRIPTION:Andrew Valverde, Audit Senior Manager at Baker Tilley, will be talking&nbsp;on&nbsp;&nbsp;Year End Financial Accounting Considerations for 2021 &nbsp;&nbsp;Andrew will&nbsp;touch on some of the focal points effecting many businesses as a result of some of the events and conditions impacting the domestic economy during the year.&nbsp;Considerations of supply chain impacts on 2021 year-end financial reportingConsiderations for estimates of variable consideration to customers (drawing on experience from my Suzuki audit)Inventory Cut-offInventory costing&nbsp;Federal Stimulus and Methods of Accounting (drawing on experience from my EACO Corp audit)High level tax presentationFinancial accounting - Lack of directly authoritative US GAAP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Reminder on effective date of new accounting pronouncementsEmphasis on lease accounting and implementation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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