Navigating New FASB Guidance: Your 2022 Guide

Field of Study: Accounting 
CPE: 1 Credit Hour 

Join us for an informative overview of new FASB standards that could impact your organization. This session will explore recent developments in the financial accounting standards relevant to cooperatives. Guest speakers Randy Throener and Amy Schreck will discuss the latest FASB guidance so attendees can successfully implement these recent amendments.

Learning Objectives: 

• Explain new FASB guidance affecting organizations 
  
• Recognize the potential impact of new FASB guidance 
  
• Describe best practices and tips for implementation of new FASB guidance

Presenter: Randy F. Throener, CPA, Partner, BKD CPAs & Advisors 
Randy is an audit partner for BKD CPA & Advisors, a top 15 CPA firm. He is the national leader of  BKD’s agribusiness practice and leads the manufacturing, transportation and distribution team in Nebraska. Randy is also a member of BKD National Commercial Services Group. He has more than 25 years of experience in public accounting, providing audit and consulting services to a variety of clients, including agribusiness cooperatives, processors, producers and distributors as well as manufacturing and distribution and private equity-owned entities. He has extensive experience in hedge accounting, mergers and acquisitions, inventory valuation, cost analysis and stock-based compensation. He is a member of the American Institute of CPAs, Nebraska Society of Certified Public Accountants and BKD Foundation Committee. He is a graduate of Leadership Lincoln and Leadership Nebraska. Randy is a 1994 honors graduate of Nebraska Wesleyan University, Lincoln, with a B.S. degree in business administration with an emphasis in accounting 
 
Presenter: Amy Shreck, Director, BKD CPAs & Advisors 
Amy is a member of BKD National Public Sector Group and has more than 16 years of experience working with governmental entities, not-for-profits and higher education institutions.  She leads the BKD Center of Excellence for the Public Sector, an internal committee of public sector leaders across the firm who discuss a variety of issues important to the public sector. She completed a two-year term as a practice fellow with the Governmental Accounting Standards Board (GASB) at its headquarters, where she helped to formulate standards and assisted with technical inquiries. Amy’s experience at GASB allows her to help clients better understand GASB standards and the thought process behind the standards. Amy is a member of the American Institute of CPAs and Nebraska Society of Certified Public Accountants. She also is a frequent presenter at the Great Plains chapter of GFOA conferences, speaking on financial reporting changes, including new GASB statements and projects. She is a graduate of Leadership Omaha Class 37 and serves on the Nebraska BKD Foundation Advisory Committee. She previously served on the Goodwill Industries Serving Southeast Nebraska board of directors and the University of Nebraska-Lincoln School of Accountancy Junior Advisory Board. Amy is a graduate with highest distinction of University of Nebraska-Lincoln with a B.S. degree in business administration and an M.P.A. degree.