Pat Patterson

PatPatterson_web.pngPat is an award winning, nationally recognized author, speaker and discussion leader for continuing education courses and numerous state societies. He has experience at the local and national CPA firm level and as an adjunct university professor.

Patterson holds an MBA from the University of North Florida and is a CPA with Patterson CPA Group, Inc.

His firm provides accounting, consulting, and tax preparation services. The AICPA has recognized the firm for work in the "virtual office" field.

Patterson is a member of the AICPA Council, the FICPA Board of Governors, as well as numerous other committees and sections, and is a member of the FICPA Educational Foundation Board of Trustees. He has been named an FICPA Outstanding Discussion Leader and has received the FICPA's Writing Excellence Award. He has also received the New York Society of CPAs' Distinguished Discussion Leader Award.


Course Descriptions

Accounting Standards Update: Summer 2019 

CPE Credit:      2 hours for CPAs, ABAs


This course will present an update on selected Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board (FASB) for 2014 and forward. The course will cover the FASB’s “Big Three” standards and their related “changes” and updates through ASU 2018-20. Other selected updates will be covered as well. Additionally, the session will cover some of the items the FASB is looking at for the future. There will also be some comments on the FASB Chairman’s remarks.

Learning Objectives

  • Recognized some of the latest changes to the FASB's "Big Three" project
  • Recognize how to better deal with the required reporting and disclosure issues of finance and operating leases
  • Identify the change in financial instrument impairment issues
  • Describe and have a working knowledge of selected GAAP updates from the FASB


Level
Update Instructional Method In Person NASBA Field of Study Accounting (2 hours) Program Prerequisites Basic knowledge of accounting Advance Preparation None




Accounting and Auditing Mid-year Tune-up 

CPE Credit:      2 hours for CPAs, ABAs

Review new FASB Pronouncements for 2016 up to the date of the course. This presentation will inform participants of the latest issues from the FASB and the Private Companies Council as well.

New and revised audit standards and pronouncements will be discussed. The impact of the Auditing Clarity Project and the revised auditing standards will be examined for current application. Any newly released auditing standards will be visited.

Learning Objectives

  • Recognize the FASB pronouncements that may impact private companies that come from the FASB and the Private Companies Council

 

 Level Update Instructional Method In Person NASBA Field of Study Accounting (2 hours) Program Prerequisites Basic knowledge of accounting Advance Preparation None


Revenue Recognition: What CPAs Need to Know 

CPE Credit:      2 hours for CPAs, ABAs


Learn about the new professional standard from the FASB known as Revenue Recognition from the FASBs Big 3 Project, which represents significant changes in authoritative professional standards concerning revenue recognition, its 5 step core principles, and related revenue recognition topics. These topics represent changes to changes in revenue recognition. The subjects are explained, discussed, and illustrated for examples.

Learning Objectives

  • Identify the recently issued new FASB 'Big 3 Project' issue of Revenue Recognition (ASU 2014-09)
  • Differentiate standards and its application will impact practically every professional accountant who deals with revenue recognition and accounting issues
  • Recognize effective dates and the deferral of effective dates are discussed
  • Identify the reporting requirements and the timing of revenue recognition will be explored
  • Describe the disclosure requirements for revenue recognition and other related matters will be examined
  • Describe the International Financial Reporting Standards (IFRS)
  • Identify the five steps in applying the new revenue recognition model under ASU 2014-09
  • Recognize changes to current GAAP under the new revenue recognition standard
  • Describe why the FASB and IASB released new revenue recognition standards
  • Identify the changes to annual reporting periods
  • Recognize which Accounting Standards Update was released to further articulate the guidance in ASU 201-09
  • Describe what the joint transition resource group (TRG) for revenue recognition does

 Level Basic Instructional Method In Person NASBA Field of Study Accounting (2 hours) Program Prerequisites None Advance Preparation None

Thursday CPE Sessions

9:15 am - 11:15 am  Charlotte TBD

Accounting Standards Update
2 hours CPE for CPAs, ABAs

 

1:00 pm - 2:50 pm Charlotte TBD

Accounting and Auditing Mid-Year Tune-up
2 hours CPE for CPAs, ABAs



3:10 pm - 5:00 pm Charlotte TBD

Revenue Recognition: What CPAs Need to Know
2 hours CPE for CPAs, ABAs

 


Friday CPE Sessions

 8:00 am - 9:50 am Charlotte TBD

2019 GAAP, GAAS, & SSARS Update
2 hours CPE for CPAs, ABAs

 

10:10 am - 12:00 pm Charlotte TBD

Revenue Recognition: What CPAs Need to Know
2 hours CPE for CPAs, ABAs

 

1:30 pm - 3:20 pm Charlotte TBD

Accounting Standards Update
2 hours CPE for CPAs, ABAs

 

3:30 pm - 5:20 pm Charlotte TBD

Accounting and Auditing Mid-Year Tune-up
2 hours CPE for CPAs, ABAs