COURSE DESCRIPTION

With the complexity of a fast-paced business environment and continued emphasis by regulators on preventing and detecting improper financial reporting, CPAs must remain current regarding the accounting guidance and regulations affecting
their daily functions and professional responsibilities.

This course will consider several areas of accounting and auditing guidance and resources. The FASBs Accounting Standards Codification is the source of U.S. GAAP to be applied to nongovernmental entities. The content and organization
of the Codification will be reviewed for CPAs to effectively access and research the proper accounting standards. The sections of the Sarbanes-Oxley Act addressing oversight, the Public Company Accounting Oversight Board and internal
controls over financial reporting will be reviewed along with the auditing standards issued by the PCAOB. The activities of the Private Company Council and the guidance issued by the Council will also be outlined.

Topics include:

• Accounting and auditing guidance and resources
• FASBs Accounting Standards Codification
• Sarbanes-Oxley Act

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the importance of the internal control and corporate governance provisions of the Sarbanes-Oxley Act.
• Identify the reference format used in the FASBs Accounting Standards Codification.
• Identify the auditing standards issued by the PCAOB.
• Recognize the importance of the internal control and corporate governance provisions of the Sarbanes-Oxley Act.
• Identify the standard-setting process for private companies.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to review the accounting and financial disclosures related to two recent changes from legislation: the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax.

Topics include:

• An overview of the ERC rules
• Models to use to account for the ERC
• Comparing the use of the ASC 958 model with the IAS 20 model to account for the ERC
• Disclosures required for the ERC including disclosures found in newly issued ASU 2021-10
• Fixing 2020 ERC presentation and disclosure errors
• Presenting the ERC on tax-basis financial statements
• Overview of the Pass-Through Entity (PTE) Tax election
• GAAP accounting for the PTE tax
• GAAP disclosures for the PTE tax
• Presenting the PTE tax on tax-basis financial statements

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the type of expense that is the basis for measuring the amount of the ERC.
• Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model
• Recognize where to present the ERC in the statement of income using the IAS 20 grant model.
• Identify an action step to be taken to correct the previous presentation and disclosure of an ERC in the 2020 statement of income
• Recognize the proper presentation of the ERC in a tax-basis statement of income
• Recognize a technique that has been attempted to circumvent the SALT deduction limitation
• Identify how to account for the PTE tax in an entitys financial statements
• Recognize the requirements for recording deferred state income taxes with respect to the PTE tax election
• Identify disclosures that should be made for the PTE tax

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to review the impact that COVID-19 has on accounting and financial reporting, and the changes made by the CARES Act and the Consolidated Appropriations Act, 2021, including accounting for Paycheck Protection Program (PPP) loans and forgiveness.

Topics include:

• Disclosures of risks and uncertainties.
• Going-concern reporting and disclosure issues.
• Impairment issues related to goodwill and other long-lived assets.
• Accounting for variable consideration revenue and onerous contracts.
• Dealing with inventory costs and stock market investment losses.
• Collectability of trade receivables; exit and termination benefit obligations.
• Contingencies, and accounting and auditing engagement matter.

The course also discusses the accounting for PPP loans and forgiveness, and the accounting for tax changes made by the CARES Act and Consolidated Appropriations Act,

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Identify the benchmark used to determine the going concern
• Recognize how to report an ongoing concern in an audit
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of remote auditing
• Recall how to present debt issuance costs in the financial statements
• Recognize how to account for PPP loan forgiveness
• Identify how to treat the forgiveness of a PPP loan for tax purposes, and
• Identify an example of a circumstance in which an emphasis-of-matter paragraph might be necessary.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Risk management for accounting professionals begins with accepting engagements with clients and does not end until the date on which record retention requirements expire. Along the way, practitioners may encounter special cases in
which documentation of accounting information becomes more complex.

This course will provide an overview of engagement documentation and retention for various types of engagements.

Topics include:

• Chapter 1:  Overview of Engagement Documentation for Risk Management
• Chapter 2: Individual Client Engagements
• Chapter 3: Compilation Engagements
• Chapter 4: Review Engagements
• Chapter 5: Audit Engagements
• Chapter 6: Attestation and Litigation Engagements
• Chapter 7: Record Retention for Risk Management

Learning Objectives:

After reading the course material, you will be able to:

• List the key points to cover in welcome letters to which clients agree before an engagement begins;
• Recognize proper terminology about assurances and responsibilities of parties in compilation, review, and audit engagements;
• Identify types of specialized engagement letters that offer the best defensive terms in unusual or high-risk engagements;
• Recognize common pitfalls in the conduct of engagements with individual clients.
• Business clients requesting compilation, review, audit, attestation, and litigation support services; and
• Identify the types of regulatory and standards-setting bodies that impose record retention provisions for accounting.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Electronic payments are fast becoming the preferred method of payment for best-practice companies. The COVID crisis shined a light on the inefficiencies of making paper payments. While many professionals were well aware that paper checks were expensive and used valuable human resources, this detail was often swept under the rug. With an increasingly remote workforce, feigning ignorance no longer works. Ss organizations recognize the cost-savings and efficiencies associated with ACH payment programs, they are starting to change. This will only continue with the introduction of Real-Time payments.

This course presents basic information the professional can use to properly set up and grow an ACH payment program, understand when to use more costly wire transfers and how to use Instant Payments. Industry expert Mary Schaeffer shows auditors, controllers, and managers exactly how to do this. She also alerts readers to the growing threat of fraud in this arena, offering advice for everyone – whether or not they are currently making electronic payments. “Everyone who does not take the proper precautions is at risk,” she warns.

Topics include:

• Chapter 1: How ACH Payments Work
• Chapter 2: How to Start an ACH Payment Program
• Chapter 3: How to Expand an ACH Payment Program
• Chapter 4: How to Protect Your Organization against ACH Fraud
• Chapter 5: ACH Best Practices, ‘Gotchas’ and Worst Practices
• Chapter 6: The Remittance Advice
• Chapter 7: Wire Transfers
• Chapter 8: Real-Time Payments (Instant Payments)

Learning Objectives:

After reading the course material, you will be able to:

• Identify the reasons why paying electronically benefits an organization
• Pinpoint issues to be considered when setting up an electronic payment program
• Create a basic ACH payment program for an organization
• Build an effective strategy for converting suppliers to the program
• Identify effective strategies to grow your ACH payment program
• Develop an effective method for converting suppliers to the program
• Understand the different types of payment fraud currently being perpetrated
• Develop an effective method to combat electronic payment fraud
• Develop a Best Practice ACH payment initiative
• Avoid worst practices as well as hidden pitfalls when setting up an ACH payment program
• Develop solutions to deliver remittance data to suppliers Understand how Instant Payments Work
• Develop a best practice approach to using wire transfers
• Identify instances where ACH payments can be used in place of costly wire transfers
• Understand the new Instant Payment offering from the Federal Reserve Banks, FedNow
• Develop a fraud protection plan to prevent criminals from defrauding you using your Zelle account

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the latest developments affecting 2021 and 2022 audit engagements, including the impact of COVID-19 on audit engagements.

In this course, auditors will learn about the new auditors report, auditing estimates and audit evidence, and changes made to the auditors understanding of the entity, its environment, and risk assessment procedures, and the guidance
on using the work of specialists as audit evidence. These changes are found in newly issued SAS Nos. 134-145, and the new attestation standards found in SSAE Nos. 19-22.(Items 20 and 20E)

The course focuses on recalling, recognizing, and identifying rules related to auditing standards including new developments about those standards.

Topics include:

• Addressing the auditors consideration of the business and economic environment in which the client operates;
• Accounting and auditing engagement issues during COVID-19 including the impact of the pandemic on an entitys ability to continue as a going concern;
• Client and employee fraud;
• Specific accounting risks for auditors to consider limiting auditor's liability key audit focus areas during volatile times lessons from litigation efficiency engagements to reduce auditor time;
• Various practice issues related to audits;
• Dealing with DOL audits of employee benefit plans; and more...

Learning Objectives:

After reading Section 1 of the course material, you will be able to:

• Identify an example of a concentration that might require disclosure
• Recall the definition of near term
• Identify the most obvious approach to account for a PPP loan under GAAP
• Recall how an entity should account for PPP loan forgiveness
• Identify a scenario in which it would be impracticable for an auditor to attend a physical inventory
• Recognize an advantage of remote auditing
• Recognize a behavioral trait of most occupational fraudsters
• Recognize the difference between fraud and an error
• Recall the three conditions of the fraud triangle
• Identify common types of financial statement fraud noted by the FBI
• Recognize an example of a misappropriation of assets
• Identify an additional procedure required to deal with the risk of management override of internal controls
• Recognize a factor to consider in evaluating the going concern of an entity
• Recall how an investment in equity security should be accounted for under GAAP
• Recognize the new sales tax rules in the wake of the Wayfair decision
• Recognize an example of a coverage ratio
• Recall the timeframe within which most lawsuits against auditors occur
• Identify a recommendation to tighten up auditor work papers

After reading Section 2 of the course material, you will be able to:

• Identify a suggestion for an auditor reducing time and increasing audit efficiency
• Recognize when negative accounts receivable confirmations should not be used
• Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
• Recall the rule for an auditor presenting his or her city and state on the audit report
• Identify the rules for an auditor communicating deficiencies found in an audit
• Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
• Identify a type of fraudster
• Recall the location of certain sections in the auditors report
• Recognize the categorization of an adverse opinion
• Identify a change that SAS No. 136 makes to the limited-scope ERISA audit
• Recognize one of the changes made by AU-C 703 to ERISA audits
• Recall the reporting requirement when an auditor obtains other information in an audit
• Identify a reference that is made in the new definition of materiality
• Recognize the definition of certain types of paragraphs made by SAS No. 139
• Recognize an example of an attribute of information obtained as audit evidence per SAS No. 142
• Identify how inherent and control risk should be assessed under the SAS No. 143 requirements
• Recall the three approaches that an auditor can use to perform further audit procedures required by SAS No. 143
• Identify some instances in which an auditor may conclude that a specialists work is not adequate
• Identify a type of risk assessment procedure that an auditor can use in accordance with SAS No. 145
• Recall examples of risk assessment procedures that an auditor may perform in SAS No. 145
• Recognize how to perform risk assessment procedures when relying on information obtained from previous experience with an entity
• Identify examples of risk assessment procedures to obtain audit evidence in accordance with SAS No. 145
• Recognize a new requirement made by SAS No. 145 in connection with assessing inherent risk and control risk in an audit
• Identify how an auditor should respond if the auditor does not plan to test the operating effectiveness of an entitys controls.
• Identify a change made by SSAE No. 19
• Recognize one of the four types of engagements within SSAE No. 21s new definition of attestation engagement
• Identify an example of subject matter that is within the scope of SSAE No. 22s review

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the latest developments affecting 2020 and 2021 audit engagements, including the impact of COVID-19 on audit engagements.

Additionally, in this course, auditors will learn about the new auditor’s report, auditing estimates, and audit evidence guidance found in SAS Nos. 134-143, and the new attestation standards found in SSAE Nos. 19-22.

The course focuses on recalling, recognizing, and identifying rules related to auditing standards including new developments about those standards.

Topics include:

• Addressing the auditors consideration of the business and economic environment in which the client operates
• Accounting and auditing engagement issues during COVID-19 included the impact of the pandemic on an entitys ability to continue as a going concern.
• Client and employee fraud.
• Specific accounting risks for auditors to consider.
• Limiting auditors liability.
• Key audit focus areas during volatile times.
• Lessons from litigation.
• Efficiency engagements to reduce auditor time.
• Various practice issues related to audits.
• Dealing with DOL audits of employee benefit plans; and more!

Learning Objectives:

Section 1:

After reading the Section 1 course material, you will be able to:

• Identify an example of a concentration that might require disclosure.
• Recall the definition of the near term.
• Identify the net operation loss rules under the CARES Act.
• Recognize a key characteristic of a multi-employer pension plan.
• Identify the most obvious approach to account for a PPP loan under GAAP.
• Recall how an entity should account for PPP loan forgiveness.
• Identify a scenario in which it would be impracticable for an auditor to attend a physical inventory.
• Recognize an advantage of remote auditing.
• Recognize a behavioral trait of most occupational fraudsters.
• Recognize the difference between fraud and error.
• Recall the three conditions of the fraud triangle.
• Identify common types of financial statement fraud noted by the FBI.
• Recognize an example of a misappropriation of assets.
• Identify an additional procedure required to deal with the risk of management override of internal controls.
• Recognize a factor to consider in evaluating the going concern of an entity.
• Recall how an investment in equity security should be accounted for under GAAP.
• Recognize the new sales tax rules in the wake of the Wayfair decision.
• Recognize an example of a coverage ratio.
• Recall the timeframe within which most lawsuits against auditors occur.
• Identify a recommendation to tighten up auditor work papers.

Section 2:

After reading the Section 2 course material, you will be able to:

• Identify a suggestion for an auditor that reduces time and increases audit efficiency.
• Recognize when negative accounts receivable confirmations should not be used.
• Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
• Recall the rule for an auditor presenting his or her city and state on the audit report.
• Identify the rules for an auditor communicating deficiencies found in an audit.
• Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
• Identify a type of fraudster.
• Recall the location of certain sections in the auditors report.
• Recognize the categorization of an adverse opinion.
• Identify a change that SAS No. 136 makes to the limited-scope ERISA audit.
• Recognize one of the changes made by AU-C 703 to ERISA audits.
• Recall the reporting requirement when an auditor obtains other information in an audit.
• Identify a reference that is made in the new definition of materiality.
• Recognize the definition of certain types of paragraphs made by SAS No. 139.
• Recognize an example of an attribute of information obtained as audit evidence per SAS No. 142.
• Identify an attribute of audit evidence referenced in SAS No. 142.
• Identify how inherent and control risk should be assessed under the SAS No. 143 requirements.
• Recall the three approaches that an auditor can use to perform further audit procedures required by SAS No. 143.
• Identify a change made by SSAE No. 19.
• Recognize one of the four types of engagements within SSAE No. 21s new definition of attestation engagement.
• Identify an example of subject matter that is within the scope of SSAE No. 22s review.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This chapter sketches a profile of the generation represented by Americans born from 1946 through 1964: baby boomers. After an overview of how todays middle-aged Americans are changing the stereotypes of the work world, personal lifestyles,
and family home-life, this chapter explores the possible perhaps even probable financial and lifestyle shortfalls boomers may encounter. The causes of the boomers dilemma, which are explored in Chapter 2 are many, and the approaches
to prevent financial, emotional, and personal trauma will not be simple; Chapter 3 outlines the creative strategies this forceful generation will devise to deal with this first-ever long-lived, massive cohort. The Planning Resources
at the end of each chapter offer helpful websites and other sources of information vital for forging ahead with the second half of life.

Topics include:

• Chapter 1: Reasons to Plan
• Chapter 2: Boomer's Impending Financial Squeeze
• Chapter 3: Decisions, Decisions

Learning Objectives:

After reading the course material, you will be able to:

• List the educational, financial, and emotional aspects of the typical boomer in their planning for a productive and stable second half of life;
• Recognize the changes to the concept of careers and lifestyle brought about by womens entrance and ascension in the American workforce;
• Recognize the revised needs and priorities of boomers as they prepare for the second half of life; and
• Recognize the changes to the workplace, market, and service sector instituted by the surge of older Americans in our culture.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course is an overview of basic fringe benefits and examines their mechanics, compensation methods, valuation, withholding, and accounting. Achievement awards, term life insurance, medical reimbursement, meals and lodging, educational
assistance, dependent care, employer-provided automobiles, interest-free loans, etc. are identified. Employer and employee economic and tax considerations are recognized. Fringe benefit requirements and limits are specified and
ERISA compliance requirements are determined.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize basic fringe benefit planning by determining income under 61, and identify the differences between former nonstatutory and current statutory fringe benefits created by recent cases, rulings, and tax law changes.
• Specify the mechanics of typical fringe benefits, determine the fair market value of a fringe benefit under the general valuation rule or the special valuation rules, and identify the general accounting rule and the special two-month
  pour-over accounting rule.
• Identify an employee achievement award under 274, and recognize the rules for group term life insurance under 79 stating how to implement proper coverage.
• Determine the mechanics of self-insured medical reimbursement plans under 105, and specify the requirements of medical insurance under 106 identifying differences.
• Identify the rules for excluding the value of meals and lodging under 119, and cafeteria plans and how they operate.
• Recognize the requirements and limits of employee educational assistance programs and dependent care assistance specifying how to obtain each type of assistance.
• Identify no-additional-cost services and determine what property or services are excludable from income as qualified employee discounts under 132(c), and specify exceptions to working condition fringes and de minimis fringes.
• Determine the requirements for qualified transportation fringe benefits under 132(f), specify valuation methods for employer-provided automobiles, and identify the qualifications for the popular physical fitness exclusion, and
  the requirements and benefits of adoption assistance programs.
• Recognize planning services available under 132, 212, and 67, determine interest-free and below-market loans, identify child care benefits and corporate-funded educational savings accounts, specify S corporation fringe benefits,
  and identify ERISA compliance requirements.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Best practices for the accounts payable function are critical for those organizations concerned about their profitability. For poor practices result in excess cost, duplicate payments, increased processing expenses, fraud, and frayed
vendor relationships. And, of course, there is the growing issue of regulatory compliance as the Feds and states look for their fair share.

This course presents information the professional can use to identify best practice problems as well as regulatory concerns. Industry expert Mary Schaeffer explains the issues related to the accounts payable function to auditors,
controllers, and managers. She then reveals the best practices for a myriad of these issues as well as identifying almost best practices for those cases where it is not possible to use the best practice and the worst practices
which are likely to cause trouble.

Topics include:

• Chapter 1: Managing the AP Function
• Chapter 2: Master Vendor File
• Chapter 3: Invoice Processing
• Chapter 4: Invoice Problems
• Chapter 5: Checks
• Chapter 6: ACH (Electronic Payments)
• and much more to cover.... through Chapters 7-22

Learning Objectives:

After reading the course material, you will be able to:

• Establish strong master vendor file practices
• Incorporate appropriate segregation of duties into master vendor file process
• Create effective invoice receipt practices
• Construct best practice invoice handling routines
• Define effective practices when short-paying invoices
• Establish a process for managing discrepant invoices
• Design a suitable process for storing check stock
• Understand the benefit of paying electronically
• Develop a process to weed out fraudulent change of bank account requests
• Develop strong controls in a p-card program
• Identify ways to pay small-dollar invoices without issuing a check
• Identify lost funds through an effective supplier statement review policy
• Integrate the concept of segregation of duties across the payment process
• Uncover practices that will eliminate weak control points
• Understand the importance of having a separate computer for online banking
• Integrate check fraud prevention practices into the accounts payable process
• Create a strong travel and entertainment policy the is compliant with IRS guidelines for the entire organizations
• Develop policies for handling travel issues created when employees leave
• Understand what is required for information reporting to the IRS for independent contractors
• Integrate the use of IRS TIN Matching into the new vendor setup function
• Create a policy that will enable the organization to report and remit unclaimed property in all instances
• Incorporate regular OFAC checking into the payment process to ensure payments are not made to terrorists
• Identify potential situations where payment may actually be a bribe to a foreign official in conflict with FCPA regulations
• Understand how payment timing can both help and hurt the organization
• Create procedures to ensure all early payment discounts are earned

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Americans who want to be their boss are not entirely on their own. They have a rich uncle - Uncle Sam - who is there to help, as well as to make demands. The Nation's tax laws are intended to encourage people to start new businesses and are chock full of incentives and tax breaks, as well as sometimes onerous reporting requirements.

This course is a fast-paced and entertaining guide through tax issues affecting business entities and their owners. The focus of this class is on tax devices and techniques available to the small-business owner. Emphasis will be given to operational deductions, fringe benefits, compensation, family income splitting, retirement plans, and estate planning.

Topics include:

• Sole proprietorships
• Partnerships
• Regular corporations
• Recordkeeping
• Kinds of records to keep
• Business transactions
• Bookkeeping systems
• How long to keep records
• Accounting periods and methods
• Inventories

Learning Objectives:

After reading the course material, you will be able to:

• Recognize sole proprietorships, partnerships, and corporations as organizational formats for new and existing businesses.
• Identify how the choice of entity relates to the type of records to keep, listing issues related to substantiation and documentation.
• Specify available accounting periods and methods and the methods for identifying and valuing inventory items.
• Identify the various types of income and their implications, including the hidden income tax dangers of cancellation of indebtedness income, tax recoveries, and depreciation recapture
• Specify the existing basic business and investment tax credits, naming their tax requirements, and business asset types that affect the character of gain or loss, and recognize the tax treatment on the disposition of business assets, including non-recognition transfers and 1231 assets
• Recognize the importance of 162 in deducting and substantiating business expenses and costs and specify the implications of the deduction timing and limits specifying the treatment of not-for-profit activities
• Identify conditional sales contracts, leveraged leases, and true leases, and determine how to qualify for rent expense deductions including through leasehold improvements.
• Specify the various forms of interest expense under 163(a) recognizing related reporting and filing issues, and identify the distinctions between deductible and nondeductible interest.
• Recognize deductions for real estate, state, and local taxes and list deductions for home office use, research and experimentation costs, barrier removal, and mine development
• Identify the various forms of tax treatment under the concepts of depreciation and amortization, including the effect on amortization of 197.
• Determine the differences between cost depletion and percentage depletion as a means of accounting for the reduction of a products reserves.
• Specify the types of bad debt and their effect on accounting and the various methods for dealing with bad debt.
• Specify the common-law rules used by the IRS to determine whether a person is an employee for purposes of FICA, FUTA, and federal income tax withholding.
• Identify the tests for wages to be deductible and how excluded fringe benefits can result in more employer deductions and incentive-based compensation to employees.
• Identify the apportionment of business and personal use of an automobile, including deduction limitations, and specify the various depreciation methods such as MACRS and 179 expensing.
• Identify the various valuation methods used in determining the actual value of an employees personal use of an automobile specifying the reporting options available to the employer.
• Determine the factors associated with the business purpose requirement stating how they determine deductible expenses for meals and currently restricted entertainment.
• Identify the applicable federal per diem rate from any one of several methods and the different reporting and income inclusion treatments given to self-employed persons or reimbursed employees.
• Determine the differences between defined contribution and defined benefit plans recognizing the different types of plans and their effect on retirement benefits
• Identify Keogh Plans, traditional and Roth IRAs, and SIMPLE 401(k) plans by specifying their characteristics and determining how and when they may and may not be appropriate
• Specify the requirements that determine insurance premium deduction and, identify the interest disallowance rule, the uniform capitalization rules citing their relation to production or resale activity costs
• Identify the primary dispositive plans, such as simple wills, the various types of trusts, annuities, related family documents, and conservatorships.
• Specify the various special business issues related to estate planning, such as methods of business valuation, the implications of important revenue rulings, the use of estate planning tools recognizing buy-sell agreements, and, deferred compensation agreements.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This comprehensive book describes and compares sole proprietorships, partnerships, limited liability companies, C corporations, and S corporations. It examines their advantages and disadvantages, permitting the reader to properly
select the right business entity for their tax and liability needs. The major emphasis is given the maximization of tax benefits in each business format. Fringe benefits, retirement plan alternatives, and nonqualified deferred
compensation are discussed in detail.

Topics include:

• Advantages and disadvantages
• Formation
• Schedule C
• Self-employment tax
• Estimated tax
• Sale of a business
• Classification of assets
• Other business dispositions
• Income splitting
• Estate planning

Learning Objectives:

After reading the course material, you will be able to:

• Determine the advantages and disadvantages associated with sole proprietorships, and specify the formation requirements.
• Identify not-for-profit activities, particularly as they relate to Schedule C businesses, and recall the various requirements permitting such businesses to complete the C-EZ form or request an automatic filing extension.
• Recognize the taxes imposed on self-employed persons specifying compliance with payment requirements, determine how sole proprietorship assets are characterized on disposition, and, identify income splitting and estate planning
  devices available for such business owners and their impact on entity choice.
• Determine what constitutes a partnership under 761(a) including the status of joint ventures, co-tenancy, publicly traded partnerships, and the special benefits of family partnerships citing several advantages and disadvantages
  of each and recognize how partners share tax items
• Identify the taxation of partners and partnerships and its effect on the preparation of individual returns and K-1s and, specify the exclusion requirements stating the tax rate and 1031 exchange impact
• Recognize separately stated items identifying the relationship of deductions to outside basis, partnership versus partner deductions, allocation of deductions, and related filing requirements to improve accurate tax reporting.
• Determine the closing of a partnership year, the events that terminate a partnership, and the events that do not close the year to insure proper tax allocation.
• Identify types of transactions between a partner and the partnership that can influence the treatment of the transaction, and specify the character of property contributions under 721.
• Determine inside and outside basis, including complications caused by the contribution of services, specify their interplay with the at-risk and passive rules, their impact on the disposition of partnership interests, and their
  effect on partnership distributions, and identify how such distributions and liquidations effect gain or loss for partnership and partners
• Identify the characteristics of limited liability companies (LLCs) that distinguish them from other entities, particularly C corporations, and specify the benefits of an LLC and their effect on choosing a form of entity.
• Cite reasons for choosing an LLC over S corporations, limited partnerships, and general partnerships and, in contrast, determine the drawbacks of LLCs to assist clients in entity selection.
• Identify several ways to use the LLC form effectively and thereby fit client objectives and expand business-planning opportunities.
• Recognize the varying tax consequences of forming or converting to an LLC including possible tax differences using the California Limited Liability Company Act
• Determine a corporation, for tax purposes, and identify regular corporations from other entities
• Identify personal service corporations and small business investment companies, their requirements and tax treatment and determine when and how clients can engage or avoid such classification for their benefit.
• Recognize the transfer of money, property, or both by prospective shareholders to a corporation and the requirements of 351.
• Specify the requirements of 1244 stock and the small business stock exclusion, and determine the differences between start-up expenses and organizational expenses.
• Identify corporate pitfalls and dangers citing tax recognition of the entity, tax rates, AMT repeal, capital gains and losses under 1212 and the dividends received deduction under 243.
• Specify necessary corporate action for making allowable corporate charitable contributions, benefiting from the repeal of 341, and avoiding tax penalties under 541 and 531.
• Identify available corporate accounting periods and methods stating the treatment and impact of tax-exempt income, inventory identification and evaluation, multiple corporations, and corporate liquidations and distributions
• Determine what constitutes an S corporation and specify the advantages and disadvantages associated with them.
• Identify variables that impact whether a business can choose S corporation status, ways that an S corporation may be terminated, and the related procedures that must be followed.
• Recognize S corporation tax treatment including special areas involving income and expenses, pass-through items, built-in gain, passive income, tax preference items, LIFO recapture tax, capital gains tax, investment credit recapture,
  estimated tax payments, and basis of S corporation stock
• Identify S corporation owner compensation and distribution options recognizing reasonable compensation requirements, related party rules, S corporation distribution taxation, tax year choices, fringe benefits, and specifying when
  the Form 1120S must be filed.
• Recognize basic fringe benefit planning by specifying income under 61, and determining the differences between former nonstatutory and current statutory fringe benefits created by recent cases, rulings, and tax law changes.
• Identify the basic mechanics of typical fringe benefits, determine the fair market value of a fringe benefit under the general valuation rule or the special valuation rules, and cite the general accounting rule and the special
  two-month pour-over accounting rule.
• Determine what constitutes a 274 employee achievement award and specify the rules for 79 group term life insurance specifying how to implement proper coverage.
• Recognize the mechanics of 105 self-insured medical reimbursement plans, and determine the requirements of 106 medical insurance stating the differences between the two Code sections.
• Specify the rules for excluding the value of meals and lodging under 119 and determine what constitutes a cafeteria plan stating how it operates.
• Identify the requirements and limits of employee educational assistance programs and dependent care assistance determining how to obtain each type of assistance.
• Determine no-additional-cost services and identify what property or services are excludable from income as qualified employee discounts under 132(c), and specify exceptions to working condition fringes and de minimis fringes.
• Determine the differences between self-employed and qualified plans for other business types recognizing key choice of entity factors.
• Specify the requirements of IRAs, SEPs, and SIMPLEs, and identify tax-free Roth IRA distributions stating where to maximize plan benefits.
• Identify the advantages of nonqualified deferred compensation, specify the purposes of nonqualified plans and factors that a nonqualified retirement benefit can be based on, determine the contractual provisions of such arrangements
  and necessary provisions, recognize the IRSs position on nonqualified compensation, and determine constructive receipt and economic benefit.
• Specify the differences among unfunded bare contractual promise plans, funded company account plans, and segregated asset plans and the tax consequences of each, and identify the basic tax consequences associated with nonqualified
  plans.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This mini-course describes and compares sole proprietorships, partnerships, limited liability companies, C corporations, and S corporations. It examines their advantages and disadvantages, permitting the participant to properly select
the right business entity for their tax and liability needs.

Learning Objectives:

After reading the course material, you will be able to:

• Cite the central differences among business entities and the advantages and disadvantages associated with basic business entity types
• Recognize the tax attributes of sole proprietorships, partnerships, LLCs, S corporations, and C corporations and how each entity can be used to enhance tax and financial purposes and objectives
• Specify the unique (e.g., self-employment) and general taxes applicable to particular entities and the tax forms that may be required
• Identify the basic deductions that are permissible for each entity type and the conditions under which they are allowed
• Determine the tax years, accounting methods, and valuation methods that each entity type may use, and how the entities can be terminated
• Specify for different entity types the basis and the tax effect of sales, exchanges, transfers, contributions, and distributions.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Climate change and sustainability are topics that are increasingly on the minds of investors and other stakeholders. Companies are increasingly subject to nonfinancial reporting requirements relating to environmental, social, and governance
factors. For example, sustainability reporting requirements are increasingly impacting the investment and lending activities of global financial institutions. Investors now expect businesses to frame decisions in terms of environmental,
social, and human impact for the long-term, rather than on short-term gains such as next quarter's earnings report. This course reviews the prevailing sustainability reporting and non-financial reporting frameworks.

This course also reviews the accounting for climate change risks under the U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS). While these Standards do not cover climate change
risks and other emerging risks explicitly, they do address issues that relate to them. This course reviews the application of those Standards and the related guidance on materiality to climate and other emerging risks.

Topics Covered:

• CHAPTER 1 CLIMATE CHANGE AND THE ECONOMY
• CHAPTER 2 SUSTAINABILITY DISCLOSURES
• CHAPTER 3 CLIMATE CHANGE ACCOUNTING

Learning Objectives:

After reading the course material, you will be able to:

• Identify the potential economic impacts and financial risks of climate change.
• Recognize disclosure practices that are consistent with leading sustainability reporting frameworks.
• Identify areas of accounting and financial statement disclosures that are impacted by climate-related and other emerging risks.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This presentation integrates federal taxation with overall financial planning. The course will explore tax strategies relating to the central financial tactics of wealth building, capital preservation, and estate distribution.

The result is a unified explanation of tax economics that will permit the tax professional to locate, analyze, and solve financial concerns. Designed to improve the quality of services to clients and the profitability of engagements,
this program projects the accountant into the world of financial planning. This course will give the participant practice in analyzing problems, developing solutions, and presenting final personal financial plans to clients.

The course surveys wills, living trusts, gifts, marital property, and probate avoidance. Will and trust forms are explored along with living wills, durable powers of attorney, and nominations of conservators. Designed to eliminate
estate problems and death taxes, the emphasis is on practical, cost-effective solutions.

Topics include:

• CHAPTER 1 - FINANCIAL TAX PLANNING
• CHAPTER 2 - BUILDING AN ESTATE
• CHAPTER 3 - PRESERVATION OF WEALTH
• CHAPTER 4 - DEFERRAL
• CHAPTER 5 - REDUCTION
• CHAPTER 6 - INCOME SPLITTING
• CHAPTER 7 - ELIMINATION
• CHAPTER 8 - ASSET PROTECTION
• CHAPTER 9 - Estate Planning
• CHAPTER 10 - Estate and Gift Taxes
• CHAPTER 11 - Wills and Probate
• CHAPTER 12 - Trust
• CHAPTER 13 - Entities and Title
• CHAPTER 14 - Life Insurance, Annuities and Buy-Sell Agreements
• CHAPTER 15 - Special Business Issues
• CHAPTER 16 - Estate Freeze Rules
• CHAPTER 17 - Elderly and Disabled Planning
• CHAPTER 18 - Post-Mortem Planning and Tax Return Requirements

Learning Objectives:

After reading the course material, you will be able to:

• Identify short-term financial goals and investment purposes, recognize the importance of defining, listing, and prioritizing realistic goals specifying how investing allocation changes with age.
• Determine the tax consequences of title holding methods by:
1. Specifying ways to hold title to assets starting with the simplest and most direct way to hold property;
2. Cite the tax benefits and drawbacks of co-tenancies, corporations (both C and S), partnerships, qualified retirement plans, and trusts particularly as they relate to a client's after-tax investment return; and
3. Identifying custodianship under the uniform acts and determining how an estate can be tax beneficial to taxpayers.
• Recognize the impact of retirement planning postponement identify the importance of early planning using the author's suggested step process, specify a balance sheet method to plan retirement, determine how to diversify portfolios
  by balancing liquid and nonliquid assets, and identify the purpose of savings and strategies to save.
• Identify money management specifying income types, recognize causes of increased taxable income for itemizing taxpayers, and specify taxable income types and their proper reporting.
• Determine the distinctions between tax-free municipal bonds from fringe benefits in generating tax-free income, cite the benefits of tax deferral, and identify tax-deferred investments.
• Specify ways to shelter income stating how income sheltering amplifies investment return.
• Recognize the budgeting of income into cash by containing expenditures with the author's step process and discretionary income development, identify a clients negative outlook on budgeting and counter strategies, determine how
  to convert income into assets by purchasing investments, and specify asset acquisition rules.
• Specify tax-advantaged investments citing management rules, and determine the economic impact of accelerating deductions, postponing tax liability, and leveraging.
• Identify spending habits stating how to design a budget to increase discretionary income, determine net worth using a balance sheet, and select assets and liabilities for an inventory on which to base financial goals
• Specify why individuals should take primary responsibility for the investment planning including necessary self-education, determine the allocation of financial resources among investments to maximize return, and recognize the
  impact of inflation, risk versus return, and basic income tax planning tactics.
• Identify the benefits of tax deferral, recall the former use of tax deferral under 1034, and cite the tax deferral advantage under 1031 listing its elements
• Specify the related party 1031 restrictions identifying prohibited parties or entities and permissible disposition exceptions, cite recommendations for the protection of exchange participants, and recognize the history of the
  multiple property regulations stating the unique netting requirements for multiple asset exchanges.
• Recall the evolution of delayed exchanges naming allowable transfers, determine how to select qualified replacement property, specify constructive receipt safe harbors and methods to secure exchange party performance, cite the
  1031 partnership underlying asset rule, identify retirement plan design, identify popular methods for providing for retirement, and select near retirement investments.
• Specify the requirements for an installment sale, determine how to elect out of the installment method, identify the variables affecting 453 availability, and determine how to use a property option to receive income and postpone tax
• Identify tax credits specifying qualified computational expenses, limitations, and restrictions
• Recognize the estimated tax rules and procedures including payment deadlines, underpayment penalties, and the economics of overpaying estimated taxes, and specify the nondeductible interest types.
• Determine the deductibility of investment interest, prepaid interest, points, and prepayment penalties recognizing the offset of passive income with rental property mortgage interest.
• Identify business vehicle operating costs using (or switching between) the actual cost method or the standard mileage rate, recognize the importance of expense and mileage records and specify depreciation traps when purchasing a vehicle.
• Recall the requirements for business expenses to meet the directly-related test, cite the elements of the associated test, identify the business expense statutory exceptions, and recognize the application of R.R. 90-23, and R.R. 99-7 to the deduction of transportation costs to a temporary work location.
• Determine business asset depreciation using both ACRS and MACRS recovery classes, identify sources of 172 net operating losses (NOLs) recognizing carryback and carryover rules, specify tax breaks for non-itemizing taxpayers, recognize the advisability of filing an amended return, determine how to avoid audits by claiming refunds for provable items stating which return amendments are safest.
• Recognize formats for income splitting, determine the tax treatment of employee and self-employed business expenses particularly home-office expenses stating the two non-exclusive use exceptions and the income limitation, citing changes made to home office deduction under TRA 97, and recognize the ability of self-employees to make annual deductible contributions to a Keogh plan.
• Identify the tax opportunities available to an unincorporated business including retirement plans, the hiring of family members, travel expenses, casualty losses, bad debts, and self-employment tax.
• Determine the uses and tax characteristics of regular and S corporations by:
1. Citing circumstances when incorporation is desirable,
2. Recognizing the taxation of these entities including their ability to split income; and
3. Specifying initial 351 formation and capitalization issues and identifying appropriate tax form filings for each entity.
• Recognize the use of partnerships to split income among partners including the use of 704(e) family partnerships and the consequences of gifting a partnership interest to a child or another family member.
• Identify the use of custodianship to split income specifying planning considerations and good investments for children, recognize deductions and credits for childcare, education, children, and 7872 loans, and specify the income
  and later estate tax benefits of gifts
• Identify tax elimination techniques by:
1. Recognizing the current 121 home sale exclusion citing its differences with prior tax law
2. Determining qualifications for tax-free state or local obligations including private activity bonds; and
3. Specifying the tax elimination aspects of family transactions such as gifts, bequests, inheritances, life insurance, and even divorce.
• Recognize employer deductions as a means to increase tax-free incentive-based compensation for employees by:
1. Specifying rules for excluding fringe benefits under 132 and their proper reporting on the W-2; and
2. Identifying popular employee fringe benefits including employer-paid accident and health coverage, meals or lodging, cafeteria plan benefits, 127 education assistance, achievement awards, group life insurance, and dependent care assistance.
• Determine how to value fringe benefits according to IRS regulations, identify how to comply with ERISA requirements, specify the proper reporting of reimbursed and unreimbursed business expenses under accountable and nonaccountable
  plans, determine the substantiation of auto expenses using a fixed and variable rate, and specify eligible retirement benefits exempt from social security taxes.
• Identify the goals and purposes of asset protection recognizing the objections some people have about shielding assets from creditors by:
1. Citing reasons for asset protection and situations that can unexpectedly put assets and financial security at stake;
2. Specifying sources of lawsuits and the author's concept of exploding and imploding liability; and
3. Determining asset protection using the primary concepts of insurance, asset placement, and statutory protections.
• Recognize the importance of creditor types associated with asset protection and fraudulent transfers.
• Specify fraudulent transfer laws listing badges of fraud, define statutes of limitation, criminal penalties, and permissible asset transfers.
• Recognize the degree and necessity of asset protection using net worth and asset values on a balance sheet.
• Identify the ways that insurance and buy-sell agreements can offer asset protection by:
1. Citing the asset protection elements of homeowner's, automobile, and disability insurance;
2. Specifying the parties under a life insurance contract stating potential reasons for establishing an irrevocable life insurance trust, and
3. Determining what constitutes entity purchase and cross-purchase buy-sell agreements.
• Identify basic estate planning elements recognizing the importance of well-drafted legal documents and specify the key team participants including their roles in the estate planning process.
• Determine the major steps in the probate process, identify ways to make transfers outside the probate system including the use of a trust, specify estate tax techniques that save death taxes while retaining maximum control, and
  identify estate-planning facts.
• Identify potential death taxes including federal estate tax as it applies to various size estates, specify the principal taxes that impact death taxation, and determine the expiration of the death tax credit.
• Determine what constitutes a taxable estate under 2501 specifying what assets are included in a gross estate using basic categories of property and transfers
• Determine the value of a decedents assets using permitted elections, recognize the use of Form 706 to pay any estate tax due, select the tax basis of estate assets stating how common transactions affect property basis under 1014
• Identify the various gift tax exclusions, specify the tax treatment of below-market loans, recall the gift tax marital deduction requirements, determine the tax consequences of giving various assets specifying factors to consider
  when gifting, and recognize the use of Form 709 to compute and pay federal gift tax.
• Specify types of wills citing the functions a will can perform, identify types of bequests, determine the duties of executors and guardians, and recall ways to hold title and their tax ramifications.
• Identify advantages of a properly drafted will, determine the distribution flow of simple wills, and specify the pros and cons of probate proceedings
• Identify the relationship of parties in a trust, reasons to establish a trust, and types of trusts specifying their estate planning function.
• Specify recommended living trust provisions, identify the application of gift and the income tax including the use of a grantor trust and an unlimited marital deduction, and determine what constitutes an A-B and A-B-C trust
  format.
  
• Identify the title-holding benefits of trusts, co-tenancy, partnerships, and limited liability companies and the tax characteristics of each, recognize the types of retirement plans used to provide lifetime benefits to a business
  owner and employees, and specify the tax treatment of custodianships and a probate estate.
• Identify the tax treatment of life insurance proceeds by:
1. Determining the treatment of premiums for personally owned life insurance and related benefits and specifying exceptions to this treatment including the transfer for value rule;
2. Select variables that influence whether life insurance is taxable for federal estate tax purposes; and
3. Recalling the gift tax associated with the transfer of life insurance policies.
• Determine the pros and cons of life insurance policy types and specify estate tax planning reasons for establishing an irrevocable life insurance trust.
• Identify reasons why a business interest must be valued in an estate that is subject to federal estate tax, specify factors used to determine the net value of a business under the regulations, and recall the valuation factors in
  R.R. 59-60 specifying their impact.
• Determine the tax consequences in leaving an estate to a surviving spouse, specify the elements of buy-sell agreements, stock redemptions, and stock recapitalizations to dispose of business interests before death, and identify
  deferred compensation agreements recognizing their estate planning impact.
• Determine the benefits of an estate freeze and its ability to reduce the value of a business interest, identify transactions to which Chapter 14 rules apply and terminology used in the Chapter 14 valuation rule that applies to
  corporations and partnerships, and specify exceptions to 2701.
• Recall the terms used in 2702 concerning transfers of interests in a trust, identify the application of the zero value rule to a transfer of an interest in a trust, and specify exceptions to 2702, determine the transfer of an
  interest in the property when there are one or more term interests as a transfer of an interest in a trust, and specify the treatment of joint purchases.
• Recognize the requirements and exceptions of 2703 to ensure the property is valued appropriately, identify lapses as a transfer by gift or as includible in the decedents gross estate under 2704, recall the key terminology of
  2704 under the evaluation rules, specify the amount of the transfer stating which lapses or restrictions qualify as an applicable restriction.
• Identify tools that can allow patients to refuse treatment even when incompetent, determine Supplemental Security Income specifying how it relates to the elderly, and disability planning specifies the requirements that must be
  met to receive disability benefits
• Determine post-mortem estate planning action in the face of funeral and administrative expenses using elections and disclaimers
• Cite the due dates of post-mortem federal forms, specify the filing requirements of a decedents estate tax return, and identify exceptions to the general rule of estate tax payment.
• Determine the processes and procedures necessary in the preparation and filing of Form 706
• Identify the filing requirements for estate income tax and decedents final income tax returns by:
1. Determining the estate income tax under available tax accounting methods and tax years; and
2. Specify the use of Form 1310 for a decedent or a joint return for a decedent and his or her surviving spouse.
• Identify how to avoid penalties when filing a gift tax return, recognize gift splitting to reduce gift taxes, and recall special gift applications and traps stating ways to avoid their tax consequences.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity.
The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental
audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories
of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. Finally, this course will identify the ethical principles that guide the work of auditors who conduct engagements
in accordance with GAGAS.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Ethics, Independence, and Professional Judgment
• Chapter 4: Competence and Continuing Professional Education

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
• Recognize the types of engagements that may be conducted in accordance with GAGAS, and
• Identify terminology that is commonly used in GAGAS.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS.
• Recognize the purpose of applying the GAGAS Conceptual Framework.
• Recognize that action that must be taken by auditors if they conclude that the independence of the engagement team or the audit organization is impaired.
• Identify the individuals that have a role in an audit engagement.
• Identify the number of CPE hours that must be completed in a 2-year period in order to maintain their professional competence.
• Recognize the requirements related to specialists using during an audit.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Commonly referred to as white collar crime, corporate fraud is those illegal acts that are characterized by deceit, concealment, or violation of trust and which are not dependent upon the application or threat of physical force or
violence. These acts are committed by individuals and organizations to obtain money or services or to secure personal or business advantage. This course will recap several actual cases of corporate fraud as presented by the Federal
Bureau of Investigations (FBI) and the U.S. Department of Justice (DOJ).

Topics include:

• The Fraud Deterrence Initiative
• Significant Cases Reported by the FBI
• Significant Cases Reported by the Dept. of Justice
• Working with the F.B.I.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the Fraud Deterrence Initiative and the story behind how it got started
• Identify the various corporate fraud cases which the FBI and DOJ have prosecuted.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

As the primary agency investigating corporate fraud, the FBI has focused its efforts on cases which involve accounting schemes, self-dealing by corporate employees, and obstruction of justice to conceal fraudulent activities from criminal
and regulatory authorities.

This course will review the efforts being made by the FBI and several other federal corporate crime busting governmental bodies within the United States to prevent fraud.

Topics include:

• The President of the United States
• Sarbanes Oxley Act of 2002 (SOX)
• The Security and  Exchange Commission (SEC)
• The Fraud Section of the Dept. of Justice
• F.B.I
• Office of the Chief Accountant
• The Association of the Certified Fraud Examiners (ACFE)
• The American Institute of CPA (AICPA)
• SAS 99

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some of the major organizations who have been working diligently to eliminate corporate fraud in the U.S.
  
• Recognize the national statistics regarding corporate fraud in the United States.
• List the general characteristics of the people who are most likely to commit fraud and how to better identify them as well as the most common types of fraudulent activities which are occurring in corporations today.
• List the various types of schemes used to perpetrate misstatements on the financial statements and misappropriation of assets.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Security experts estimate that as many as 30 percent of all employees do steal and that another 60 percent will steal if given sufficient motive and opportunity. The current economic hard times only add to the temptation of personnel
to take what does not belong to them. This means that it is estimated that only 10 percent of employees will not steal under any circumstances.

The least expensive way to fight corporate fraud within your organization or those of your clients is to be aware of the statistics surrounding its occurrence and then use that knowledge to put processes and procedures into place which
will aid in preventing its occurrence. In this course, you will be provided with several statistics which should help you meet this goal.

Following the statistical analysis, you will be provided with the ACFE Fraud Prevention Check-up in order to assess the vulnerability of your organization or those of your clients to corporate fraud.

Topics include:

• Why Should We Be Aware of Statistics?
• F.B.I.
• Corporate Fraud Task Force
• S.E.C.
• The Association of Certified Fraud Examiners
• How Vulnerable is your Corporation or Clients?

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the financial cost of fraud.
• Recognize the most common method in which fraud is reported according to ACFE statistical studies.
• Recognize why fraud is not always reported by executives and the chief reasons why even CPAs do not always want to participate with law enforcement officers while investigating a fraud incident.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course examines and explains the basics of corporate taxation. The focus is on regular or C corporations, their formation, and their operation under tax law. The advantages and disadvantages of corporations are examined; incorporation
and capitalization issues are discussed; and, basic tax rates and specialty taxes are reviewed. The tax treatment of operational expenses and deductions is outlined, and accounting periods and methods are explored. Finally, the
dangers of multiple corporations and corporate distributions are highlighted

Learning Objectives:

After reading the course material, you will be able to:

• Recognize regular corporation elements, specify their advantages and disadvantages specifying tax treatment, and determine how to distinguish them from PSC corporations
• Identify 351 requirements for tax-free incorporation, recognize the impact of the transfer of money, property, or both by prospective shareholders, and determine the availability of 1244 for stock losses and 195 for amortization
  of start-up expenditures
• Recognize the repeal of the corporate alternative minimum, specify the corporate tax consequences of capital gains and losses, and recognize ways to avert the accumulated earnings trap by identifying the potential use of the accumulated
  earnings credit
• Determine accounting periods and methods available to corporations and specify the tax consequences of liquidating property distributions

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes to accounting and financial reporting affecting the accounting professional. Topics include a review of FASB projects including those related to financial performance, leases, and financial instruments, practice issues involving the statement of cash flows, fair value reporting, pensions, the international convergence project, little GAAP, and more. The structure of the course is to encourage the reader to recall existing GAAP rules coupled with identifying, stating, and outlining rules related to new and proposed pronouncements.

The course also discusses accounting and financial reporting issues related to COVID-19.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize a reason why public companies over disclose in their notes to financial statements.
• Identify a proposed change to the statement of cash flows.
• Recall the definition of free cash flow.
• Recognize some of the key ratios used to analyze working capital.
• Identify some of the symptoms of inefficiently managed working capital.
• Recognize one of the characteristics of a multi-employer pension plan
  
• Recognize the impact that life expectancy has on the amount of pension liability.
• Identify the shift in the types of retirement plans over the past decade.
• Recall the types of assets and liabilities found in Level 1 of the fair value hierarchy.
• Recognize the type of information that is used to estimate credit losses under ASU 2016-13.
• Recognized key changes found in the new lease standard.
• Identify how a lessee recognizes a lease liability under the new lease standard.
• Identify potential impacts from implementing the new lease standard.
• Recognize the general structure of the FASB Accounting Standards Codification (ASC).
• Recall the general GAAP rule for managements evaluation of going concerned.
• Identify a concentration of risk that might require disclosure.
• Recall how LIFO should be valued under GAAP.
• Identify how to record the forgiveness of a PPP loan on the financial statements.
• Recognize how net operating losses are treated under the CARES Act.
• Recognize how to present deferred income taxes on the balance sheet under ASU 2015-17.
• Recognize when a state might be able to charge sales tax under the Wayfair decision.
• Identify some unusual transactions and how they are recorded on the statement of cash flows.
• Recognize the types of arrangements that qualify the private company accounting alternative election related to goodwill amortization and acquisitions.
• Recognize the accounting alternative for leases under common control in ASU 2018-17.
• Identify the impairment test for goodwill under ASU 2017-04.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes to accounting and financial reporting affecting the accounting professional. Topics include a review of FASB projects including those related to financial performance,
leases, and financial instruments, practice issues involving the statement of cash flows, fair value reporting, pensions, the international convergence project, little GAAP, and more. The course structure encourages the reader to recall existing GAAP rules coupled with identifying, stating, and outlining rules related to new and proposed pronouncements. The course also discusses accounting and financial reporting issues – post-COVID,
PPP loans, the Employee Retention Credit (ERC), and the Pass-Through Entity (PTE) Tax.

Topics include:

• Latest Developments on the Accounting Front
• Accounting and Reporting Issues- Post- COVID
• GAAP Income Tax Issues- 2022 and 2023 and Other Financial Reporting Issues
• Accounting Standards Updates (ASUs)

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Travel expenses are, for many organizations, their second-largest controllable expense. This is just one of the reasons why every organization must have a strong policy that governs these expenditures. That being said, the number of
problems that continue to plague many companies when it comes to expense reimbursements defies logic. There has to be a better way.

In this course, industry expert Mary Schaeffer takes a look at some of the more common problems experienced by companies related to employees, expense reimbursement requests. She not only identifies the issues, but offers solutions
on how best-practice companies minimize these problems and, in some cases, eliminate them.

Learning Objectives:

After reading the course material, you will be able to:

• Create processes for dealing with illegible receipts
• Develop a policy for dealing with reimbursement requests for items clearly not covered in the policy
• Identify strategies for dealing with managers who take too long to approve employees expense reimbursement requests
• Create practices to deal with conflicts around the reimbursement process
• Pinpoint areas employees are most likely to cheat on their expense reports

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This mini-course brings the practitioner information on tax issues affecting interest and debt. The various types of interest and their required allocation are explored and reviewed. For the economically troubled client, special attention
is devoted to debt cancellation, repossession, discounts, and foreclosure. The program also discusses installment sales, taxable interest, and bad debts.

Learning Objectives:

After reading the course material, you will be able to:

• Determine what constitutes interest specifying its key components, and identify whether the various types of interest are tax-deductible or nondeductible
• Recognize how to deduct interest that is paid or accrued during the tax year by applying different methods of accounting, specify the applicable federal rate, recognize the effects of unstated interest on transactions, and cite the
  imputed interest rules in the context of debt instruments
• Identify the interest allocation rules and the allocation period for a loan, recognize the difference between an allocation of loan proceeds that are deposited in an account and the allocation of loan proceeds received in cash,
  and cite loan repayments in the order they are deemed repaid
• Determine when certain distributions commonly referred to as "dividends" are interest and the tax treatment of interest that is earned on such items as income on frozen deposits and U.S. Savings Bonds
• Recognize an installment sale transaction, determine what constitutes the installment method, specify the parts of each payment on an installment sale, and cite the related party sales rules of 453
• Identify exceptions to the general income inclusion rule and their effect on a taxpayer, and determine the different effects of nonrecourse indebtedness from the effects of recourse indebtedness on foreclosure
• Specify bad debt categories specifying the impact of nonbusiness bad debt recovery, identify when a business deducts its bad debts from gross income, and recognize which accounting method to apply to business bad debts.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

A derivative is a financial product that derives its value based on an underlying asset, liability, or other variables (such as an interest rate, foreign currency, or commodity price). Derivatives have become very popular tools for
“hedging” (i.e. reducing) financial risk; they have also become an increasingly standard item on big companies' balance sheets. Yet understanding how they work, what they are used for, and how they can affect the bottom line of
business has proven to be a significant challenge for the accounting and auditing industries.

Topics include:

• This course provides an accountant-friendly overview of financial risk management and derivative instruments.
• This overview focuses on the various types of risks that impact financial markets today, as well as the four major categories of derivatives commonly used to hedge these risks (i.e. forwards, futures, swaps, and options).

Learning Objectives:

After reading the course material, you will be able to:

• Define the various types of risks that impact financial markets.
• Identify the unique characteristics of forwards, futures, swaps, and options.
• Recognize appropriate hedging practices using derivative instruments.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Economic indicators are those often-voluminous statistics released by government agencies, non-profit organizations, and even private companies. They provide measurements for evaluating the health of our economy, including the latest
business cycles, consumer spending, inflation, housing, and so on. Various economic indicators are released quarterly, monthly, weekly, and even daily.

This course provides an introductory overview of the worlds most prevalent economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international
trade. This course reviews the impact that changes in these indicators have on the financial markets and monetary policy.

Topics include:

• Chapter 1 Economic Indicators and Business Cycles
• Chapter 2 Financial Markets and Interest Rates
• Chapter 3 GDP and Monthly Indicators
• Chapter 4 Federal Reserve and Monetary Indicators
• Chapter 5 Unemployment and Consumer Indicators
• Chapter 6 Inflation and Productivity Indicators
• Chapter 7 Industrial and Commercial Indicators
• Chapter 8 International Trade Indicators

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of economic indicators that exist and recognize the unique characteristics of each type.
• Recognize the characteristics and economic impact of key economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade.
• Identify the components of gross domestic product (GDP) and recognize how economic indicators impact these components.
• Recognize how changes in economic indicators and the actions of the Federal Reserve impact financial market activity.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Technology is making a huge impact on every facet of the business world. The expense reporting function is no exception. It is making it easier for employees to play games but at the same time, it provides companies the tools they
need to identify that game playing without spending a fortune.

Topics include:

• This course takes a deep dive into the developing expense reporting issues and reveals the way savvy companies can effectively deal with them.
• The issues evaluated in this course are critical to those who want to run a cost-effective, efficient, fraud-resistant expense reimbursement function.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

An exchange-traded fund (ETF) is a basket of securities designed to replicate the performance of a stock or bond index (e.g., S and P 500 Index or Lehman Brothers 20+ Years. Treasury Index.) ETFs are listed on an exchange, and unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day. They can also be sold short and bought on margin. In brief, anything you might do with a stock, you can do with an ETF. Most ETFs also charge lower annual expenses than even the least costly index mutual funds. However, as with stocks, investors must pay a commission to buy and sell ETF shares.

In contrast to most mutual funds, ETFs have no investment minimums. Investors can literally buy a single share of an ETF in the secondary market through their broker (an online broker or the traditional type).

All the above features have led to the rapid growth of ETFs since the first offering came to fruition in 1993. An increasing number of financial professionals, including CPAs, are turning their attention to this unique breed of investment products. As such, this course will provide you with a thorough understanding of exchange-traded funds.

Topics include:

• As such, this course will provide you with a thorough understanding of exchange-traded funds.
• We will cover the manner in which ETFs are created and offered to investors.
• We will take a more comprehensive look at the key features of ETFs and how they stack up to comparable products, such as index mutual funds, including in such areas as tax advantages.
• We will also feature some of the biggest, as well as the most popular, ETF offerings and the companies that offer them.
• Most importantly, we will provide you with information on useful tools and resources, which you can use to further research and utilize exchange-traded funds in your practice.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the evolution of ETFs.
• Identify the key advantages and drawbacks to investors of ETFs.
• Recognize the most notable ETFs on the market.
• Identify the resources that you can utilize to incorporate ETFs into your practice.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Numerous FASB Standards have been issued requiring certain items to be measured and reported at “fair value” on the Balance Sheet. Prior to the release of ASC 820 Fair Value Measurements and Disclosures (formerly known as SFAS 157), the concept of fair value had never been formally defined in U.S. accounting literature. Since its issuance in September 2006, ASC 820 has become one of the most controversial accounting standards ever released.

This course provides a conceptual review of fair value accounting, as outlined in ASC 820 and other U.S. accounting standards. This course will also provide an overview of the authoritative guidance for auditing fair value measurements and disclosures, SAS No. 101.

Topics include:

• Chapter 1: THE EVOLUTION OF FAIR VALUE
• Chapter 2: MEASUREMENT
• Chapter 3: VALUATION TECHNIQUES AND INPUTS
• Chapter 4: AUDITING FAIR VALUE MEASUREMENTS AND DISCLOSURES
• Chapter 5: THE FAIR VALUE OPTIONS
• Chapter 6: THE FAIR VALUE CONTROVERSY

Learning Objectives:

After reading the course material, you will be able to:

• Define ‘fair value’ and explain the fair value framework and hierarchy included in ASC 820 Fair Value Measurements and Disclosures.
• Identify the roles that management and the auditor have in the fair value measurement process.
• Recognize the key aspects of the fair value option.
• Recognize the limitations of fair value accounting.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes affecting accounting and financial reporting, as well as a review and recall of existing accounting standards. Topics include a summary of newly issued FASB statements, current and pending developments, the new lease standard, practice issues, a discussion of accounting and financial reporting issues related to COVID-19, the CARES Act and PPP loans, accounting and disclosures for the Employee Retention Credit (ERC) and Pass-Through Entity (PTE) tax, and more.

TOPICS COVERED:

• CHAPTER 1: Implementing the New Lease Standard- 2022 ASU 2016-02 Leases (Topic 842) and Other Amendments
• CHAPTER 2: Accounting and Financial Reporting for COVID-19, the CARES Act, and PPP Loans 2022 Edition
• CHAPTER 3: Accounting and Disclosures for the Employee Retention Credit (ERC)and the Pass-Through Entity (PTE) Tax-2022 Edition
• CHAPTER 4: ASU 2016-13 Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments-2022
• CHAPTER 5: Current Developments - Accounting and Financial Reporting- 2022
• CHAPTER 6: Selected Accounting Standards Updates (ASUs)2022

Learning Objectives:

After reading the Chapter 1 course material, you will be able to:

• Recognize a key change made to GAAP by the new lease standard
• Identify a type of lease that exists for a lessee under ASU 2016-02
• Recall a type of lease for which the ASU 2016-02 rules do not apply
• Recognize some of the criteria that determine whether a contract is or is not a lease
• Identify how a lessee should account for initial direct costs
• Recall how a lessor should initially account for initial direct costs for a lease in certain instances
• Identify how a lessor should account for lease payments received on the income statement for an operating lease
• Recognize how certain existing leases are accounted for on the implementation date of ASU 2016-02
• Recall the potential impact that the new lease standard might have on a lessees EBITDA and debt-equity ratios.

After reading the Chapter 2 course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Identify the benchmark used to determine a going concern
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of a remote accounting function
• Recall how to adjust a deferred tax account when there is a change in tax law
• Recognize a change made by the CARES Act to the deductibility of interest
• Recognize how to account for PPP loan forgiveness
• Identify how to treat the forgiveness of a PPP loan for tax purposes

After reading the Chapter 3 course material, you will be able to:

• Recognize the type of expense that is the basis for measuring the amount of the ERC.12
• Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model
• Recognize where to present the ERC in the statement of income using the IAS 20 grant model
• Identify an action step to be taken to correct the previous presentation and disclosure of an ERC in the prior year's statement of income.
• Recognize the proper presentation of the ERC in a tax-basis statement of income
• Recognize a technique that has been attempted to circumvent the SALT deduction limitation
• Identify how to account for the PTE tax in an entity’s financial statements
• Recognize the requirements for recording deferred state income taxes concerning the PTE tax election
• Identify disclosures that should be made for the PTE tax

After reading the Chapter 4 course material, you will be able to:

• Recognize the model that ASU 2016-13 uses to deal with credit losses
• Identify how credit losses should be recorded under new ASU 2016-13
• Identify some of the disclosures required by ASU 2016-13

After reading the Chapter 5 course material, you will be able to:

• Identify the elements that are the target of the FASBs disaggregation project
• Recognize one of the characteristics of a multi-employer pension plan
• Recognize the impact that life expectancy has on the amount of a pension liability
• Identify the basic rule of the LIFO Conformity Requirement
• Recognize how the IPIC external index for LIFO is used for GAAP
• Recall the type of investment that is eliminated by ASU 2016-01
• Identify when a sustainability disclosure is required by an SEC company
• Recognize an example of a contract that is exempt from the scope of the revenue standard
• Identify one of the two approaches that are used to recognize revenue using the new revenue standard
• Recall a change to the accounting for the goodwill that is proposed by the FASB
• Recognize how to present deferred income taxes on the balance sheet under ASU 2015-17
• Recognize the basis that most marijuana businesses have to use
• Recognize when a state might be able to charge sales tax under the Wayfair decision

After reading the Chapter 6 course material, you will be able to:

• Identify the private company election to perform a triggering event evaluation
• Recognize the types of arrangements that qualify for the private company accounting alternative election related to goodwill amortization and acquisitions
• Recognize the accounting alternative for leases under common control in ASU 2018-17

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes affecting accounting and financial reporting, as well as a review and recall of existing accounting standards. Topics include a summary of newly issued FASB statements, current and pending developments, the new lease standard, practice issues, a discussion of accounting and financial reporting issues related to COVID19, the CARES Act and PPP loans, accounting, and disclosures for the Employee Retention Credit (ERC) and Pass-Through Entity (PTE) tax. The course also addresses new statements issued by the Auditing Standards Board, changes in compilation and review standards, and more.

Topics include:

• Implementing the New Lease Standard- 2022 ASU 2016-02 Leases (Topic 842) and Other Amendments
• Accounting and Financial Reporting for COVID-19, the CARES Act and PPP Loans 2022 Edition
• Accounting and Disclosures for the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax- 2022 Edition.
• ASU 2016-13 Financial Instruments Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments-2022
• Current Developments- Accounting and Financial Reporting- 2022
• Selected Accounting Standards Updates (ASUs) 2022
• SSARS No. 25 Materiality in a Review of Financial Statements and Adverse Conclusions
• New Auditing Standards: SAS Nos. 134-145

Learning Objectives:

After reading the Chapter 1 course material, you will be able to:

• Recognize a key change made to GAAP by the new lease standard
• Identify a type of lease that exists for a lessee under ASU 2016-02
• Recall a type of lease for which the ASU 2016-02 rules do not apply
• Recognize some of the criteria that determine whether a contract is or is not a lease
• Identify how a lessee should account for initial direct costs
• Recall how a lessor should initially account for initial direct costs for a lease in certain instances
• Identify how a lessor should account for lease payments received on the income statement for an operating lease
• Recognize how certain existing leases are accounted for on the implementation date of ASU 2016-02
• Recall the potential impact that the new lease standard might have on a lessees EBITDA and debt-equity ratios.

After reading the Chapter 2 course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Identify the benchmark used to determine a going concern
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of a remote accounting function
• Recall how to adjust a deferred tax account when there is a change in tax law
• Recognize a change made by the CARES Act to the deductibility of interest
• Recognize how to account for PPP loan forgiveness
• Identify how to treat the forgiveness of a PPP loan for tax purposes

After reading the Chapter 3 course material, you will be able to:

• Recognize the type of expense that is the basis for measuring the amount of the ERC. 13
• Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model.
• Recognize where to present the ERC in the statement of income using the IAS 20 grant model.
• Identify an action step to be taken to correct the previous presentation and disclosure of an ERC in the prior year's statement of income.
• Recognize the proper presentation of the ERC in a tax-basis statement of income.
• Recognize a technique that has been attempted to circumvent the SALT deduction limitation.
• Identify how to account for the PTE tax in an entitys financial statements.
• Recognize the requirements for recording deferred state income taxes concerning the PTE tax election.
• Identify disclosures that should be made for the PTE tax.

After reading the Chapter 4 course material, you will be able to:

• Recognize the model that ASU 2016-13 uses to deal with credit losses
• Identify how credit losses should be recorded under the new ASU 2016-13
• Identify some of the disclosures required by ASU 2016-13

After reading the Chapter 5 course material, you will be able to:

• Identify the elements that are the target of the FASBs disaggregation project
• Recognize one of the characteristics of a multi-employer pension plan
• Recognize the impact that life expectancy has on the amount of a pension liability
• Identify the basic rule of the LIFO Conformity Requirement
• Recognize how the IPIC external index for LIFO is used for GAAP
• Recall the type of investment that is eliminated by ASU 2016-01
• Identify when a sustainability disclosure is required by an SEC company
• Recognize an example of a contract that is exempt from the scope of the revenue standard
• Identify one of the two approaches that are used to recognize revenue using the new revenue standard
• Recall a change to the accounting for the goodwill that is proposed by the FASB
• Recognize how to present deferred income taxes on the balance sheet under ASU 2015-17
• Recognize the basis that most marijuana businesses have to use
• Recognize when a state might be able to charge sales tax under the Wayfair decision

After reading the Chapter 6 course material, you will be able to:

• Identify the private company election to perform a triggering event evaluation
• Recognize the types of arrangements that qualify for the private company accounting alternative election related to goodwill amortization and acquisitions
• Recognize the accounting alternative for leases under common control in ASU 2018-17

After reading the Chapter 7 course material, you will be able to:

• Recognize a precondition for an accountant to accept an SSARS engagement
• Recall whether the preparation of financial statements standard is an attest or non attest service 14
• Identify whether a report is required in the preparation of financial statements engagement
• Recognize what the reporting requirements are, if any when a "no assurance" legend is omitted from prepared financial statements under the AR-C 70 standards
• Identify where to disclose GAAP departures in the preparation of financial statements engagement
• Identify factors that should consider in determining materiality in a review engagement
• Recognize a change that SSARS No. 25 makes to the accountants review report
• Identify the term that GAAP uses for managements assessment of an entitys going concerned
• Recall some of the items that should be documented in a review engagement

After reading the Chapter 8 course material, you will be able to:

• Identify a suggestion for an auditor to reduce time and increase audit efficiency
• Recognize when negative accounts receivable confirmations should not be used
• Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
• Recall the rule for an auditor presenting his or her city and state on the audit report
• Identify the rules for an auditor communicating deficiencies found in an audit
• Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
• Identify a type of fraudster
• Recall the location of certain sections in the auditors report
• Recognize the categorization of an adverse opinion
• Identify a change that SAS No. 136 makes to the limited-scope ERISA audit
• Recognize one of the changes made by AU-C 703 to ERISA audits
• Recall the reporting requirement when an auditor obtains other information in an audit
• Identify a reference that is made in the new definition of materiality
• Recognize the definition of certain types of paragraphs made by SAS No. 139
• Recognize an example of an attribute of information obtained as audit evidence per SAS No. 142
• Identify how inherent and control risk should be assessed under the SAS No. 143 requirements
• Recall the three approaches that an auditor can use to perform further audit procedures required by SAS No. 143
• Identify some instances in which an auditor may conclude that a specialists work is not adequate
• Identify a type of risk assessment procedure that an auditor can use per SAS No. 145

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report.

Learning Objectives:

After reading the course material, you will be able to:

• Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Recognize the five components of internal control.
• Identify conditions that indicate a heightened risk of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Financial markets represent the lifeblood of our global economy. These mechanisms promote greater economic efficiency by transferring funds from individuals, businesses, and governments with an excess of available funds to those with a shortage. Funds are transferred in the financial markets through the purchase and sale of financial instruments (such as stocks and bonds). Short-term financial instruments are available in money markets, while longer-term financial instruments are purchased and sold in the worlds capital markets.

Many financial markets have been in existence for hundreds of years; however, the modern era has brought along many new innovations such as securitization and the derivatives market.

Topics include:

• This course provides an introductory overview of the worlds largest financial markets, including the money, bond, stock, mortgage, foreign currency, and derivatives markets.
• This course reviews the various types of financial risks that impact these markets, as well as the economic variables that influence market activity (such as interest rates and monetary policy).

Learning Objectives:

After reading the course material, you will be able to:

• Identify the unique characteristics of financial markets.
• Recognize the types of financial instruments traded in financial markets.
• Recognize how economic variables (such as interest rates and monetary policy) and financial risks impact financial market activity.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to review the impact that COVID-19 has on accounting and financial reporting, and the changes made by the CARES Act and the Consolidated Appropriations Act, 2021, including accounting for Paycheck Protection
Program (PPP) loans and forgiveness.

The course also discusses the accounting for PPP loans and forgiveness, the accounting for tax changes made by the CARES Act and Consolidated Appropriations Act, and more.

Topics include:

• Disclosures of risks and uncertainties
  
• Impairment issues related to goodwill and other long-lived assets
• Accounting for variable consideration revenue and onerous contracts
• Dealing with inventory costs and stock market investment losses
• Collectability of trade receivables
• Loan modification
• Dealing with business interruption insurance.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract subject to the onerous contract rules
• Recognize how to account for PPP loan forgiveness, and
• Identify how to treat the forgiveness of a PPP loan for tax purposes.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

If you are working in the forensic accounting field at some time in your career it may be necessary to search for hidden assets. This course is designed to review why people hide assets and how they commonly hide them. We will discuss the methods for searching for hidden assets as part of a forensic accounting engagement and how to confiscate the assets once they are located. We will also review some of the legal issues involved with searching for and seizing assets.

This course is appropriate for CPAs, CFEs, external auditors, internal auditors, CIAs, forensic accounts, CFFs, MAFFs, law enforcement personnel, and others who might be involved in searching for hidden assets.

Learning Objectives:

After reading the course material, you will be able to:

• Identify methods for finding hidden assets
• Identify methods for finding hidden income

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

As fraud has evolved over the years the controls and procedures to prevent and detect fraud have also evolved. This course will consider the significant impact of fraud and the measures that have occurred to address fraud, particularly white-collar crime. The United States government's response to events and situations involving fraudulent activity will be looked at along with the consequences for committing fraud.

Topics include:

• The effectiveness of an organizations internal control system plays an important role in fraud.
• The recently updated Internal Control-Integrated Framework provides valuable information for organizations of all sizes to consider sound actions to deter and detect fraud.
• Examples of fraud risks will be reviewed along with steps that can be implemented as part of an anti-fraud program.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the impact of fraud.
• Identify government actions taken to address fraud.
• Identify the components of internal control.
• Recognize the fraud risk assessment process.
• Recognize fraud risk factors.
• Identify controls that address the risk of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Understanding the fundamentals of the accounts payable function is critical for any organization that wants to run an effective and efficient accounts payable function. Without this understanding, weak processes are permitted making fraud easier to commit. Duplicate payments increase and the function is not cost-effective.

This course presents information the professional can use to create a strong process and implement an effective function.

Industry expert Mary Schaeffer shows auditors, controllers, and managers how proper processes in the accounts payable function strengthen controls and lead to efficient and effective accounts payable function.

Topics include:

• Chapter 1: The Foundation of the Accounts Payable Function
• Chapter 2: Master Vendor File: Where the Process Should Begin
• Chapter 3: Invoice Processing: The Reason Accounts Payable Exists
• Chapter 4: Checks: The Original (and Least Efficient) Payment Vehicle
• Chapter 5: Purchase Cards: Streamlining the Payment Process for Small Purchases
• Chapter 6: Electronic Payments: The Most Efficient Payment Vehicle
• Chapter 7: Operational Issues: Invoice Handling and Processing
• Chapter 8: Operational Issues: Payments
• Chapter 9: Inaccurate Payments and Payment Auditing
• Chapter 10: Expense Reimbursement (Travel & Entertainment)
• Chapter 11: Check and P-card Payment Fraud: Detection and Prevention
• Chapter 12: Electronic Payment Fraud Detection and Prevention
• Chapter 13: Fraud: Other Types Affecting the Account Payable Function
• Chapter 14: The Accounts Payable Policy and Procedures Manual
• Chapter 15: Regulatory Issues Affecting the AP Function: A Lot More than Just 1099s
• Chapter 16: Using Technology to Run a More Efficient Accounts Payable Function
• Chapter 17: Internal Controls: The Glue that Holds a Best Practice Function Together
• Chapter 18: Enhancing Operational Productivity in Accounts Payable: The Ongoing Challenge
• Chapter 19: Enhancing Payment Productivity: The Electronic Payment Challenge
• Chapter 20: Enhancing the Bottom Line: Where AP Can Bring in Cash
• Chapter 21: Vendor Relations: An Often-Overlooked Issue
• Chapter 22: The Future of the Accounts Payable Function

Learning Objectives:

After reading the course material, you will be able to:

• Understand why setting up the accounts payable function correctly is important
• Detect potential problems when payments are made outside accounts payable
• Build an effective naming convention
• Delineate an effective process for entering data in the master vendor file
• Establish effective controls around the master vendor file
• Create an effective process for the receipt of invoices
• Identify duplicate invoices
• Construct new procedures for emailed invoices
• Understand and identify the problems associated with paper checks
• Reduce the number of paper checks
• Build programs that will eliminate (or partially eliminate) paper checks
• Create an effective p-card policy
• Identify and eliminate common p-card complications
• Craft an employee responsibility agreement for use of p-cards
• Craft an electronic payment expansion program
• Produce procedures for dealing with discrepant invoices
• Identify duplicate invoices
• Craft an effective process for dealing with invoices without a PO number or name of the requisitioner
• Construct strong processes to avoid returning checks to requisitioners and issuing rush checks
• Eliminate all late fees
• Execute best practices when hiring a recovery firm
• Implement a travel policy that conforms to IRS guidelines
• Assemble a spot-checking policy for expense receipts
• Set reasonable reimbursement practices
• Use positive pay correctly
• Implement policies that deter p-card fraud
• Pinpoint misconceptions that deter proper fraud protection
• Employ best practices to prevent ACH and wire fraud
• Create a policy to deal with the BYOD issue
• Create an effective policy and procedures manual
• Establish a policy for updating the accounts payable policy and procedures manual on a regular basis
• Develop effective procedures for handling information reporting requirements related to accounts payable (1099)
• Establish procedures for checking for bribery violations
• Integrate low-cost technology to create a more efficient accounts payable process
• Incorporate appropriate segregation of duties into your accounts payable

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Learning Objectives:

This course is divided into two sections. The purpose of Section I is to review unusual reporting and disclosure issues that develop in practice including questions such as how to disclose life insurance, leases, catastrophes, agreements
not to compete, and investments. Section II deals with how to disclose and present tax-basis financial statements. Most of the course is presented in a Q&A format.

After reading the Section 1 course material, you will be able to:

• Recall the accounting treatment for non-monetary exchanges
  
• Recognize the formula for measuring impairment of real estate
• Identify the accounting for different types of investments such as securities, investments using the equity method, and partnerships
• Recognize some of the disclosures required for trade receivables
• Recognize how FIFO inventory is valued under the new inventory rules
• Recall certain inventoriable costs
• Recall the GAAP rules to account for an intangible asset with a finite useful life
• Identify the accounting for environmental contamination costs
• Identify examples of costs associated with exit activities
• Recognize how an entity should account for revenue when treated as an agent
• Identify options to avoid having to maintain two depreciation schedules
• Recognize how to account for certain transactions on the statement of cash flows
• Identify examples of group concentrations
• Recognize some of the results from the net operating loss rules in tax reform
• Identify the basic accounting for fresh start reporting
• Identify how web development costs are accounted for during certain stages of development
• Recognize when an entity may elect the fair value option and identify some of the eligible items for which the option is available
• Recognize the basic rule for the liquidation basis of accounting
• Understand How to account for the Pass-Through Entity (PTE) tax in financial statements
  

• Recognize some of the M-1 differences that do not apply to tax-basis financial statements
  
• Recognize how to account for an accounting change in tax-basis financial statements
• Recall how to account for and present nontaxable and nondeductible items in tax -basis financial statements
• Identify the disclosure requirements for tax-basis financial statements
• Recognize the appropriate and inappropriate financial statement titles for tax-basis financial statements

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Most companies have at least a few customers who dont pay them on time. Unfortunately, for some, the problem is worse. They have many customers who dont pay them as quickly as they'd like. While it is definitely true that some of these organizations purposely drag their feet when it comes to the timing of payments, that is not always the case. In fact, many times the delay is due to something the supplier did (or didnt do) during the billing process. These are simple practices that could be easily rectified. This course contains the standard best practices every organization should use when trying to get paid on time as well as a look at the common mistakes that end in delaying payments. The information on these inopportune slip-ups comes from interviews with accounts payable professionals who shared their frustrations over these easily fixable oversights.

Learning Objectives:

After reading the course material, you will be able to:

• Identify common mistakes in your billing process that delay payments
• Create a clean billing process that produces error-free invoices
• Build an effective strategy ensuring you have all needed information on your invoices
• Pinpoint practices that unintentionally cause delays in payment
• Develop an effective strategy for creating a better relationship with the personnel at your customers who are responsible for making payments

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity.
The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits.

Topics include:

• The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.
• This course will describe when the Yellow Book standards must be applied.
• This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize when the Yellow Book standards must be applied.
• Identify the new organization and format of the 2018 Yellow Book.
• Recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

Topics include:

• This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• This course will identify the requirements for auditor communication.
• This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Finally, this course will describe what must be included and what must be excluded from an audit report.

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
• Recognize the types of engagements that may be conducted in accordance with GAGAS, and
• Identify terminology that is commonly used in GAGAS.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Identify the requirements for auditor communication.
• Recognize the items that an auditor should include in the report on internal control and compliance.
• Identify what an auditor must-do if certain information is prohibited from public disclosure or is excluded from a report because of its confidential or sensitive nature.
• Recognize what an auditor must do when Obtaining and Reporting the Views of Responsible Officials.
• Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Recognize the five components of internal control.
• Identify conditions that indicate a heightened risk of fraud.
• Recognize what must be included and what must be excluded from the audit report.
• Identify the requirements when reporting on instances of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will identify the requirements for auditor communication. This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Standards for Financial Audits
• Chapter 4: Fieldwork Standards for Performance Audits
• Chapter 5: Reporting Standards for Performance Audits

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Recognize the items that an auditor should include in the report on internal control and compliance.
• Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Recognize what must be included and what must be excluded from the audit report.
• Identify the requirements when reporting on instances of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS. This course will identify the individuals that have a role in an audit engagement. This course will Recognize the methods for selecting individuals of integrity who have the capacity to develop the competence and capabilities necessary to perform the audit organizations work competently. This course will identify the requirements for auditor communication. This course will identify the three levels of service as identified by the AICPA. This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standard
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Ethics, Independence, and Professional Judgment
• Chapter 4: Competence and Continuing Professional Education
• Chapter 5: Quality Control and Peer Review
• Chapter 6: Standards for Financial Audits
• Chapter 7: Standards for Attestation Engagements and Reviews of Financial Statements
• Chapter 8: Fieldwork Standards for Performance Audits
• Chapter 9: Reporting Standards for Performance Audits

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Recognize that action that must be taken by auditors if they conclude that the independence of the engagement team or the audit organization is impaired.
• Identify the number of CPE hours that must be completed in a 2-year period in order to maintain their professional competence.
• Recognized the methods for selecting individuals of integrity who have the capacity to develop the competence and capabilities necessary to perform the audit organizations work competently.
• Identify what an auditor must-do if certain information is prohibited from public disclosure or is excluded from a report because of its confidential or sensitive nature.
• Identify the three levels of service as defined by the AICPA.
• Recognize the five components of internal control.
• Recognize what must be included and what must be excluded from the audit report.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course is designed for individuals who would like to obtain a basic understanding of identity theft. We will discuss various types of identity theft and how criminals gain access to personal information and commit fraud. We will review some of the legal and ethical implications involved. Examples of real-world cases will be provided to help develop an understanding of the risks involved. We will review steps that can be taken to help prevent identity
theft.

Topics include:

• Fake checks/currency
• Types of frauds
• Detecting frauds
• Preventing frauds

Learning Objectives:

After reading the course material, you will be able to:

• Define identity theft.
• Identify different identity theft fraud schemes.
• Identify how criminals gather information.
• Describe how to report identity theft.
• Describe how to prevent and detect identity theft.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

International Financial Reporting Standards (IFRS) represent the international alternative to the U.S. Generally Accepted Accounting Principles. Most of the world already communicates with investors and stakeholders about corporate GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible.

Topics include:

• This course provides an introductory overview of International Financial Reporting Standards, including detailed discussions of the impact of adopting IFRS on businesses.
• This course also includes comprehensive reviews of the IASB structure and its standard-setting process, the basic framework that serves as the foundation for IFRS, and the differences that exist between U.S. GAAP and IFRS.

Learning Objectives:

After reading the course material, you will be able to:

• Define IFRS and recognize practices consistent with the due process followed when developing and issuing IFRS.
• Recognize the basic concepts by which financial statements are prepared under IFRS.
• Identify the primary differences between IFRS and U.S. GAAP and the efforts by the IASB and the FASB to eliminate these differences.
• Recognize the costs and benefits associated with adopting IFRS.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 1 of the IFRS Learning Module series provides a deep dive into the principles governing the presentation of financial statements under IFRS. This includes a review of the IASBs Framework, which addresses the concepts underlying the information presented in IFRS financial statements. It also includes detailed discussions of the IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows. Finally, this course provides an in-depth look at the joint IASB/FASB project that will result in sweeping changes to financial statement presentation in the near future.

Topics include:

• Chapter 1: FRAMEWORK FOR THE PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS
• Chapter 2: INTRODUCTION TO IAS 1
• Chapter 3: IFRS FINANCIAL STATEMENTS
• Chapter 4: IASB and FASB JOINT PROJECT
• Chapter 5: Module Summary

Learning Objectives:

After reading the course material, you will be able to:

• Identify financial reports that are within the scope of the IASB Framework.
• Recognize practices that are consistent with the underlying assumptions and qualitative characteristics of financial statements prepared in accordance with the IASB Framework.
• Describe the characteristics of general purpose financial statements required under IFRS.
• Identify and classify the various elements of IFRS financial statements.
• Describe the IASB/FASB joint project on financial statement presentation and its impact on financial reporting.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 2 of the IFRS Learning Module series presents an overview of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and discusses the IASBs and FASBs efforts towards achieving convergence in these areas of financial reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 8
• Chapter 2: ACCOUNTING POLICIES
• Chapter 3: ACCOUNTING ESTIMATES
• Chapter 4: ACCOUNTING ERRORS
• Chapter 5: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Properly classify accounting changes (i.e. changes in accounting policy, changes in accounting estimates, and error corrections) per the guidelines of IAS 8.
• Describe the recognition and disclosure requirements for each type of accounting change under IAS 8.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of accounting changes.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 3 of the IFRS Learning Module series presents an overview of IAS 10 Events after the Reporting Period (a topic commonly referred to as subsequent events under U.S. GAAP) and discusses the IASBs and FASBs efforts towards achieving convergence in this area of financial reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 10
• Chapter 2: RECOGNITION AND MEASUREMENT
• Chapter 3: GOING CONCERN
• Chapter 4: DISCLOSURES
• Chapter 5: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Define events after the reporting period per the guidelines of IAS 10.
• Describe the recognition and disclosure requirements for events after the reporting period under IAS 10.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of events after the reporting period (a.k.a. subsequent events).

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 4 of the IFRS Learning Module series presents an overview of IAS 2 Inventories, the accounting standard for classifying and measuring inventories in IFRS financial statements. This module also discusses the IASBs and FASBs efforts towards achieving convergence in this area of financial reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 2
• Chapter 2: INVENTORY CLASSIFICATIONS
• Chapter 3: INVENTORY SYSTEMS
• Chapter 4: MEASUREMENT OF INVENTORIES (PART 1)
• Chapter 5: MEASUREMENT OF INVENTORIES (PART 2)
• Chapter 6: MEASUREMENT OF INVENTORIES (PART 3)
• Chapter 7: DISCLOSURES
• Chapter 8: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Identify major classifications of inventory.
• Distinguish between perpetual and periodic inventory systems.
• Describe the items to include as inventory cost.
• Describe and compare the formulas used to measure inventories in IFRS financial statements.
• Explain when reporting entities measure inventories at a net realizable value in IFRS financial statements.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 5 of the IFRS Learning Module series presents an overview of IFRS 8 Operating Segments; this overview includes a detailed discussion of the processes for identifying, aggregating, and reporting operating segments in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in segment reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IFRS 8
• Chapter 2: IDENTIFYING OPERATING SEGMENTS
• Chapter 3: IDENTIFYING AND AGGREGATING REPORTABLE SEGMENTS
• Chapter 4: DISCLOSURES (SEGMENT)
• Chapter 5: DISCLOSURES (ENTITY-WIDE)
• Chapter 6: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Explains the process for identifying operating segments under IFRS 8.
• Identify reportable segments based on the guidelines and quantitative thresholds provided in IFRS 8.
• Describe the disclosure requirements of IFRS 8.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of segment reporting.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 6 of the IFRS Learning Module series presents an overview of IAS 33 Earnings per Share; this overview includes a detailed discussion of the processes for calculating and reporting earnings per share measurements in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in EPS reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 33
• Chapter 2: CAPITAL STRUCTURES
• Chapter 3: BASIC EARNINGS PER SHARE
• Chapter 4: DILUTED EARNINGS PER SHARE
• Chapter 5: PRESENTATION AND DISCLOSURE
• Chapter 6: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Calculate basic and diluted earnings per share.
• Describe the presentation and disclosure requirements of IAS 33.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of earnings per share.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 7 of the IFRS Learning Module series presents an overview of IAS 16 Property, Plant, and Equipment, the accounting standard for classifying and measuring property, plant, and equipment (also known as fixed assets) in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in fixed assets reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 16
• Chapter 2: ACQUISITION OF PROPERTY, PLANT, AND EQUIPMENT
• Chapter 3: COSTS AFTER ACQUISITION
• Chapter 4: DEPRECIATION FACTORS
• Chapter 5: DEPRECIATION METHODS
• Chapter 6: IMPAIRMENTS
• Chapter 7: REVALUATIONS
• Chapter 8: DISPOSAL OF PROPERTY, PLANT, AND EQUIPMENT
• Chapter 9: DISCLOSURES
• Chapter 10: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Explain the proper accounting treatment for acquisitions of property, plant, and equipment (and other associated costs) under IFRS.
• Calculate depreciation using the methods permitted under IAS 16.
• Describe the process for determining whether or not a long-lived asset is impaired under IAS 36.
• Distinguish between the cost and revaluation accounting models (as described in IAS16).
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of property, plant, and equipment.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course focuses on tax issues affecting the treatment of interest and debt. It covers the definition of bona fide debt, the impact of related parties, the avoidance of equity and lease characterization, and deductible versus non-deductible
interest factors. Sticky cross issues such as the impact of at-risk rules under 465, passive loss restrictions of 469, and below-market-rate loans under 7278 are examined. In addition, the accounting method treatment of interest,
points, prepaid interest, and discounted loans are reviewed. Particular attention is given to imputed interest and original issue discounts.

Learning Objectives:

After reading the course material, you will be able to:

• Determine interest and select how much is tax-deductible under 163 by:
  
  • a. Identifying what constitutes bona fide debt considering economic substance and purpose and the differences that such debt has from installment sales, long-term and leveraged leases, and annuities;
  • b. Specifying how transactions with family members and controlled corporations can recharacterize alleged indebtedness into gift or business equity naming the factors used in this recharacterization and;
  • c. Recognizing incentives to use corporate debt instead of equity and the special treatment of failed equity investment under 1244.
• Identify deductible interest and special calculation concepts and procedures by:
  
  • a. Recognizing the allocation of interest based on the debts business or personal purpose specifying the application of any carryover rules;
  • b. Determining net investment income including its impact on the deductibility of investment interest;
  • c. Recognizing the special tax treatment given to student loans, margin accounts, and market discount bonds stating what happens to any disallowed interest expense; and
  • d. Specifying the timing considerations in interest reporting including interest paid in advance.
• Recognize nondeductible interest types and provisions that through restriction create nondeductible interest by:
  
  • a. Identifying when interest is nondeductible personal interest under 163(h)(1);
  • b. Determining the disallowance of interest related to tax-exempt income under 265, the life insurance interest restrictions of 264; the 465 at-risk limitations and application of the 469 passive loss rules; and
  • c. Specifying the treatment of certain commitment fees and service charges based on R.R. 67-297 and case law.
• Identify interest under the cash or accrual method recognizing the special elections applicable to and treatment of carrying charges under 266, below-market loans, and imputed interest.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Strong internal controls are a good part of the fraud prevention framework any organization creates to thwart crooks. However, these controls fall in many places, and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow crooks easy access to the organizations financial assets. This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them. The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course is designed to familiarize participants with internal controls that can help to prevent and detect fraud in their organizations. All organizations whether for-profit businesses, not-for-profits or government entities are susceptible to fraud. Fraud can incur internally and be perpetrated by employees, managers, or owners, or fraud can be perpetrated externally by customers, vendors, former employees, and individuals or criminal organizations that have no relationship to the victim organization. This course is designed to consider internal controls for fraud in small businesses but could also be useful for other small entities.

Learning Objectives:

After reading the course material, you will be able to:

• Identify risks of fraud in small businesses
• Identify internal controls to help prevent fraud
• Identify internal controls to help detect fraud
• Design internal controls for a small business

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Strong internal controls are a good part of the fraud prevention framework any organization creates to thwart crooks. However, there are many places these controls fall down and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow crooks easy access to the organizations financial assets.

This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them. The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

Topics include:

• Chapter 1: Why Internal Controls Matter
• Chapter 2: The Basics of Internal Controls: Theory
• Chapter 3: The Basics of Internal Controls: In Practice
• Chapter 4: Fraud Prevention Controls and Practices
• Chapter 5: Internal Controls and Duplicate Payments
• Chapter 6: Where Internal Controls Break Down
• Chapter 7: Purchase Orders and Their Role in Internal Controls
• Chapter 8: Invoice Processing: The Core of the Accounts Payable Function
• Chapter 9: Invoice Related Control Issues
• Chapter 10: When Paying by Check: The Internal Control Migraine
• Chapter 11: Check Related Issues
• Chapter 12: Corporate Procurement Cards: An Alternative to Paper Checks
• Chapter 13: Electronic Payment Alternatives: A Better Payment Approach
• Chapter 14: The Master Vendor File: Where It All Begins
• Chapter 15: The Travel and Entertainment Component: Expense Reimbursements
• Chapter 16: Computers, Tablets, and Smartphones: The Often-Overlooked Control Component
• Chapter 17: Controls to Prevent Bribing Foreign Government Officials
• Chapter 18: Other Issues That Present Control Concerns
• Chapter 19: The Policy and Procedures Manual: Tying It All Together

Learning Objectives:

After reading the course material, you will be able to:

• Detect problems likely to occur as a result of weak controls
• Identify the regulatory consequences of poor or ineffective controls
• Identify really bad accounts payable practices that weaken controls
• Pinpoint problems likely to occur if strong controls are not used in accounts payable
• Delineate problems created when segregation of duties are not set up correctly
• Identify real-life issues that arise due to poor internal controls
• Demonstrate the interaction between fraud and poor internal controls
• Reveal internal control practices every organization should use to deter fraud
• Identify and eliminate weak control practices that dont curtail duplicate payments
• Show how poor controls make duplicate payments more likely to occur
• Pinpoint places where internal controls most commonly breakdown in the accounts payable function
• Reveal reasons controls sometimes fail to Demonstrate how an accounts payable policy and procedures manual strengthens controls
• Pinpoint places where purchase orders cause control problems
• Identify common purchase order problems and show how they can be fixed
• Identify common invoice problems
• Demonstrate how best invoice control practices improve the processing function
• Recognize invoice automation control issues as they arise
• Be aware of how control issues can fall apart in the accounts payable function in the month-end and year-end close
• Implement the proper controls around the check production process
• Demonstrate why signature stamps represent poor control and can cause your organization big problems
• Identify poor controls related to check request forms
• Demonstrate why bank reconciliations have to be done on a very timely basis
• Identify controls that should be incorporated into every corporate procurement program
• Reveal best fraud control strategies for your corporate procurement card program
• Reveal best control practices related to electronic payments
• Demonstrate why daily bank reconciliations are so important even if electronic payments are not being made
• Reveal how controls around the master vendor file prevent fraud
• Show how inappropriate segregation of duties around the master vendor file hurt the bottom line
• Show how uniform enforcement of the travel policy minimizes game playing on the part of employees
• Demonstrate how to control expense reimbursement fraud
• Demonstrate the importance of having a policy regarding employees using personal devices for work
• Integrate appropriate internal controls into the use by employees of personal devices
• Integrate checking for bribery into the accounts payable function
• Show how employees tend to disguise bribes to foreign government officials
• Identify control problems created when employees share passwords
• Identify issues created by Super Users of ERP systems
• Shows how a good policy and procedures manual can strengthen internal controls
• Demonstrate why updating the policy and procedures manual regularly strengthens internal controls

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course is designed for individuals who would like to obtain a basic introduction to forensic accounting. We will review the history of the forensic accounting profession in the United States. Participants will be exposed to various professional associations and certifications in the forensic accounting field. We will discuss the career opportunities in the forensic accounting field and the skills and knowledge necessary to be a successful forensic accountant.

In the accounting industry, one of the topics its often broached is the area of forensic accounting. Many accountants are interested in learning more about forensic accounting or are interested in getting into the forensic accounting profession. This basic level CPE course is designed to help answer some of the basic questions about forensic accounting and working in the forensic accounting field.

Learning Objectives:

After reading the course material, you will be able to:

• Define forensic accounting.
• Identify professional associations and designations in the forensic accounting field.
• Identify various types of forensic accounting engagements, certifications, and designations.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course can benefit accountants, as well as business managers, that want to understand how financial ratios and other forms of analyses can be used to evaluate a business.  This course also covers the investment classifications
and investment accounting used by companies to record investments within their financial statements. 

Topics include:

• Accounting for Equity Securities Investments
• Accounting for Debt Securities Investments
• Financial Statement Analysis 

Learning Objectives:

After reading the course material, you will be able to:

• Financial Statement Analysis 
  

1. Describe the various company evaluation techniques including vertical, horizontal, and ratio analysis that can be used. 
2. Demonstrate an understanding of various company ratios for liquidity and efficiency, solvency, profitability, and market prospects. 
3. Compute various company ratios for liquidity and efficiency, solvency, profitability, and market prospects. 
4. Compute the DuPont Analysis given the appropriate company information. 

• Accounting for Debt Security Investments

1. Demonstrate an understanding of basic bond valuation including recording a bond acquisition and interest revenue. 
2. Describe the various accounting classifications including held-to-maturity, trading, and available-for-sale for debt securities. 
3. Demonstrate an understanding of sales and impairments of debt investments.
4. Demonstrate an understanding of the financial statements presentations, international reporting standards, and the fair value option of debt investments.

• Accounting for Equity Security Investments

1. Discuss what is meant by significant influence and how it affects the accounting classification of equity investments. 
2. Explain the recording of the purchase of equity investments. 
3. Demonstrate an understanding of how dividends, changes in fair value, impairment, and the sale of an equity investment are recorded under the fair value through the net income approach. 
4. Explain the financial statement presentation under the fair value through the net income approach. 
5. Demonstrate an understanding of the recording of investment revenue, receipt of dividends, and additional adjustments under the equity method approach. 
6. Explain the financial statement presentation under the equity method approach. 
7. Discuss the fair value option under the equity method approach.  
8.  Demonstrate an understanding of the recording of investment revenue, receipt of dividends, and recording of additional adjustments under the equity method approach. 
9. Demonstrate an understanding of the consolidation method including the concept of noncontrolling interest and the consolidated financial statements. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The book begins with a look at changing best practices and identifies those which must change in order for the accounts payable function to remain effective and thus allow the parent organization to remain competitive. It also explains why best practices are so important and why keeping current on the latest practices is critical for all.

This course takes a deep dive into the developing issues impacting the AP function of every company. The issues evaluated in this course are critical to those who want to run a cost-effective, efficient, fraud-resistant AP function.

Topics include:

• Chapter 1 Changing Best Practices: No Longer a Static Set of Rules
• Chapter 2 The Evolution in the Invoice Environment
• Chapter 3 The Business Community Takes a Giant Step away from Paper Checks: Electronic Payments
• Chapter 4 Electronic Payments: Expansion and Innovation
• Chapter 5: Expense Reimbursement Receipts: The Bombshell Issue Many Don’t Expect
• Chapter 6: Emerging Payment Frauds, both Large and Small
• Chapter 7: Vendor Portals in Accounts Payable
• Chapter 8: Advances in Technologies Provide New Data Insights
• Chapter 9: Unique Challenges Created by Personal Devices (Smartphones and Tablets)
• Chapter 10: Often-Overlooked Internal Control Breakdowns
• Chapter 11: The New Vocabulary in Use in Accounts Payable (and Elsewhere in the Business Community)
• Chapter 12: The Accounts Payable Function of Tomorrow
• Chapter 13: The Future of the Professionals Working in and Managing the Accounts Payable Function

Learning Objectives:

After reading the course material, you will be able to:

• Pinpoint problems that arise when best practices are ignored in AP.
• Implement a best practice AP policy.
• Create procedures that address new issues impacting AP function.
• Pinpoint the skill sets and personnel likely to be successful in AP in the future.
• Implement a customer service approach in the AP department.
• Identify the needed skills you or your staff might be missing.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course can benefit accountants, as well as business managers, that want to understand how financial ratios and other forms of analyses can be used to evaluate a business.  This course also covers the investment classifications
and investment accounting used by companies to record investments within their financial statements. 

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Accounts Payable Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the three primary accounts payable activities.
• Properly identify the key documents in the accounts payable process.
• Recognize the process-specific controls related to the accounts payable process.
• Properly identify additional accounts payable process considerations and periodic monitoring analysis and other procedures for the accounts payable process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Companies must accurately bill customers in order to stay in business. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the
process.  The course allows participants to become familiar with or brush up on, internal control definitions and concepts.  The course also covers the billing process in detail.  

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Billing Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the five primary billing activities.
• Properly identify key documents in the billing process.
• Recognize the process-specific controls related to the billing process.
• Properly identify additional billing process considerations and periodic monitoring analysis and other procedures for the billing process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

All businesses need cash to survive.  Proper controls in the receipt of cash are extremely important as this is the primary way that most companies generate cash.  A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  The course allows participants to become familiar with, or brush up on, internal control definitions and concepts.  The course covers the cash receipts process in detail.  Learning objectives for this course are listed below. 

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Cash Receipts Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls and the limitations or conceptual failings of internal controls. 
• Identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the three primary cash receipts activities.
• Recognize the cash receipt-specific process controls within the cash receipts process. 
• Correctly identify additional cash receipts process considerations and periodic monitoring analysis and other procedures for the cash receipt process.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Companies must collect outstanding accounts from customers as part of their business activities. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  The course allows participants to become familiar with or brush up on, internal control definitions and concepts.  The course also covers the collection process for outstanding accounts in detail.

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Collection For Outstanding Accounts Process 

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Correctly identify the three primary collections for outstanding accounts activities.
• Recognize the process-specific controls related to the collection of outstanding accounts process.
• Correctly identify additional collection for outstanding accounts process considerations and periodic monitoring analysis and other procedures for the collection of outstanding accounts process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Properly evaluating, setting, and monitoring customer credit limits can be important to companies for issuing credit and ultimately, collecting cash receipts. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  This course allows participants to become familiar with, or brush up on, internal control definitions and concepts.  The course also covers the credit process in detail.  Participants will learn the key credit process steps under both a manual and a computerized system.  While relatively few companies may still have a purely manual system covering a manual system will help an accountant, auditor, or business manager to better understand what the key documents received, created, and sent from the process are.  Learning objectives for this course are listed below. 

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Credit Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the three primary credit activities. 
• Properly identify key documents in the credit process.
• Recognize the process-specific controls related to the credit process. 
• Properly identify additional credit process considerations, periodic monitoring analysis and other procedures, and specific credit policy considerations.  

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course can benefit anyone that wants to better understand the role that internal controls can play in creating a reliable and consistent accounting system for today’s competitive and complex business environment.  A clear
understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  The course allows participants to become familiar with, or
brush up on, internal control definitions and concepts it also covers in detail the order entry process.  Participants will learn the key order entry process activities under both a manual and a computerized system. 
While relatively few companies may still have a purely manual system covering the manual process will help an accountant, auditor, or business manager to better understand what the key documents received, created, and sent from
the process are.  

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Order Entry Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the attributes of job order and process costing. 
• Properly identify the three primary order entry activities. 
• Properly identify key documents in the order entry process.
• Recognize the process-specific controls related to the order entry process. 
• Correctly identify additional order entry process considerations and periodic monitoring analysis and other procedures for the order entry process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Controls around the procurement of goods including the purchasing, receiving, and accounts payable processes are important for companies that want to procure goods effectively at fair prices. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  The course allows participants to become familiar with, or brush up on, internal control definitions and concepts.  Participants will also learn the key purchasing process activities as well as specific controls related to the purchasing process.

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Purchasing Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the four primary purchase process activities.
• Properly identify the key documents in the purchasing process.
• Recognize the process-specific controls related to the purchasing process.
• Correctly identify additional purchasing process considerations and periodic monitoring analysis and other procedures for the purchasing process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Controls around the procurement of goods including the purchasing, receiving, and accounts payable processes are important for companies that want to procure goods effectively at fair prices. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  The course allows participants to become familiar with, or brush up on, internal control definitions and concepts.  Participants will also learn the key receiving process activities as well as specific controls related to the receiving process. 

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Credit Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Properly identify risk categories including internal and external risk in addition to inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the two primary receiving activities.
• Properly identify the key documents in the receiving process.
• Recognize the process-specific controls related to the receiving process.
• Properly identify additional receiving process considerations and periodic monitoring analysis and other procedures for the receiving process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Proper controls around the shipping process are essential for companies in providing accurate and timely orders to customers. A clear understanding of the key controls in a process can benefit internal auditors, business managers, and others who want to understand, improve, or audit the process.  The course allows participants to become familiar with, or brush up on, internal control definitions and concepts.  The course also covers the shipping process in detail.  Participants will learn the key shipping process activities under both a manual and a computerized system.  While relatively few companies may still have a purely manual system, covering the manual process will help an accountant, auditor, or business manager to understand better what the key documents received, created, and sent from the process are. 

Topics include:

• Defining Internal Controls and The Internal Control Environment
• Shipping Process

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the definition of internal control along with internal control concepts including the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
  
• Correctly identify risk categories including internal and external risk and inherent and residual risk.  
• Recognize the typical fraud risk factors as well as the components of the Fraud Triangle and Fraud Diamond.
• Recognize the principles to keep in mind when constructing internal controls as well as the limitations or conceptual failings of internal controls. 
• Properly identify internal control categories including preventative or detective controls and manual or automated controls. 
• Recognize the primary steps required to construct a system of internal controls as well as COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act.  
• Properly identify the three primary shipping activities.
• Properly identify key documents in the shipping process.
• Recognize the process-specific controls related to the shipping process.
• Properly identify additional shipping process considerations and periodic monitoring analysis and other procedures for the shipping process. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course explains the significant changes made to auditing standards by the Auditing Standards Boards Clarity Project that resulted in the issuance of SAS Nos. 122-133. The course is written in a format that provides an overview by allowing the reader to review, recall, and identify key provisions within the new standards.

Topics Covered:

• ASBs Clarity Project
• Replacement SASs with Substantive Changes
• Other Selected New SASs- Clarifying Changes Only
• SAS Nos. 128-133

Learning Objectives:

After reading the course material, you will be able to:

• Recall the structure of the new ASB Clarity Project and how each new standard is segregated
• Identify categories of laws and regulations that are found in AU-C 250
• Identify the scope of communications an auditor should make concerning noncompliance with laws and regulations
• Identify some of the different types of deficiencies in internal control found in a financial statement audit
• Identify the indicators that may suggest there is a material weakness in internal control
• Identify the information that should be included in communication of certain deficiencies in internal control
• Recognize the new audit report title
• Identify examples of headings that should be in the new auditor report
• Recall some of the modified opinion headings found in the new audit report
• Identify the new type of paragraph that is permitted in the audit report
• Identify some examples where an emphasis-of-matter paragraph is required in the audit report
• Identify the new group auditor rules including the responsibilities of parties involved, and the procedures to be performed
• Identify the different types of special-purpose frameworks permitted under auditing standards
• Identify some of the elements that are required in the different types of special-purpose reports
• Identify the general types of disclosures required in special purpose framework financial statements
• Identify how an auditor can evaluate “professional judgment
• Recognize some of the elements that must be in an engagement letter
• Identify the requirements that a successor auditor must satisfy in an initial audit engagement involving opening balances
• Identify an instance in which it may be necessary for an auditor to obtain a positive confirmation
• Identify when an auditor may not be required to use external confirmation procedures
• Identify a procedure an external auditor should perform concerning an internal auditor
• Define the term “reasonable period of time
• Identify an example of a mitigating plan as used in the evaluation for going concerned
• Recognize how an auditor should report ongoing concern when there is substantial doubt
• Recall an example of a type of exempt offering covered by SAS No. 133

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Anyone who wants to make informed, fact-based decisions that are key to the success of an organization will benefit from this class.  This course can benefit accountants, as well as, other business decision-makers.  Companies must have a good understanding of their costs to succeed.  Managers within an organization can use managerial accounting as a basis for making informed, fact-based decisions. This course will cover managerial accounting concepts.

The course allows participants to become familiar with, or brush up on, basic concepts used to allocate product costs and analyze aspects of company performance. The use of job order costing, process costing, or activity-based costing as appropriate for the business can provide business managers with the tools and techniques they can use to analyze company performance as well as categorize and evaluate company product costs to make informed product decisions. 

Topics include:

• Basic Concepts of Managerial Accounting 
• Job Order Costing and Analysis 
• Process Costing and Analysis  
• Activity-Based Costing and Analysis

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the differences between managerial and financial accounting, the various ways to classify costs and the presentation of inventory and cost of goods within the Balance Sheet and Income Statement. 
  
• Properly identify the job order costing techniques used to allocate product costs to jobs/products along with the related journal entries and documents. 
• Properly identify the process order costing techniques used to allocate production costs to products in addition to the related journal entries and documents.
• Correctly identify the three activity-based costing methods for allocating product costs including 1) Single factory-wide overhead rate method, 2) Department overhead rate method, and 3) Activity-based overhead costing method. 

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: