Increasing globalization with related regulations continues to put pressure on accounting authorities to move towards a common global accounting framework - The International Financial Reporting Standards (commonly called IFRS Standards or just IFRS). IFRS Standards is becoming the global standard used by many public companies for the preparation of financial statements. IFRS Standards has replaced many national accounting standards around the world. Currently, over 140 jurisdictions have successfully adopted IFRS Standards. Although public companies in the U.S. are required to apply US GAAP, the SEC continues to explore whether, and if so, when and how to incorporate IFRS Standards into the U.S. financial reporting system. Being financially bilingual in the U.S. is important. This course is designed to identify the significant differences, by accounting area, between US GAAP and IFRS Standards. It discusses key topics, such as conceptual framework and financial statement presentation, revenue recognition, lease accounting, and business combinations.
Field of Study: Accounting
CPE Hours: 5.5
|
5.5 |
$ 47.95 |
CPA |
Buy |
This course covers everything business people and managers need to know about accounting and finance. It is directed toward the businessperson who must have financial and accounting knowledge but has little formal training in finance or accounting. This could include a newly promoted middle manager or a marketing manager of a small company. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the limited ideas about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied, regardless of the firm size, in the real world. It gives nonfinancial managers the understanding they need to function effectively with their colleagues in finance.
Field of Study: Accounting
CPE Hours: 15.0
|
15.0 |
$ 93.95 |
CPA |
Buy |
A company's financial statements sometimes report significantly different results from year to year. This may be due to changes in economic circumstances, but it may also be due to changes in accounting methods or corrections of errors in recording past transactions. Changing the accounting method used can have a dramatic impact on a company's financial statements. This course provides a comprehensive overview of the accounting treatments and disclosure requirements pertaining to accounting changes and error corrections as stipulated in ASC 250 Accounting Changes and Error Corrections. It discusses the different types of accounting changes and error corrections and the related reporting implications within an entity's financial statements. Specifically, it includes excerpts from and references to ASC 250, interpretive guidance, and examples. It also provides insights from the Securities and Exchange Commission (SEC) staff.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
A derivative is a financial instrument or other contract that derives its value from the movement of prices, interest rates, or exchange rates associated with an underlying item. Uncertainty about the future fair value of assets and liabilities or about future cash flows exposes firms to risk. One way to manage the risk associated with fair value and cash flow fluctuations is through the use of derivatives. The derivatives and hedging guidance codified in ASC 815, Derivative Instruments and Hedging Activities is considered as one of the challenging areas in GAAP due to its extensiveness and complexity.
This course provides an accountant-friendly overview of derivative instruments and hedge accounting. It discusses derivatives, including the definition of a derivative, scope exceptions to ASC 815, types of risks, accounting requirements, and guidance on embedded derivatives. It addresses the requirements for applying hedge accounting and the specific requirements for fair value hedges, cash flow hedges, and net investment hedges. It also discusses the presentation and disclosure requirements. Finally, the course identifies special situations such as servicing of financial assets and mortgage servicing rights.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
Earnings per share (EPS) is a popular and useful measure of a company's profit performance. Companies with publicly held common stock or potential common stock must disclose their EPS information. EPS tells you how much profit (or loss) each share of common stock has earned after adjustments for potential dilution from options, warrants, and convertible securities are factored in. This course covers the computation, reporting, presentation, and disclosure requirements associated with EPS as stipulated in ASC 260 Earnings Per Share. It includes excerpts from and references to ASC 260, and interpretive guidance. It also provides examples to illustrate the application. Finally, it includes insights from the Securities and Exchange Commission staff.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
In today's modern economy, the growth of foreign operations is continuing upward and the number of companies with foreign operations has expanded. For example, a company often operates in different economic and currency environments to stay competitive in the global marketplace. Thus, it must have a process for reporting foreign currency balances to address several financial reporting issues, such as determining functional currencies, accounting for foreign currency transactions, and translating its foreign entity's financial statements. ASC 830 Foreign Currency Matters provides guidance for transactions denominated in a foreign currency, and for operations undertaken in a foreign currency environment. This course covers key aspects of the guidance and includes specific examples to illustrate its application. Relevant references to and excerpts from ASC 830 are discussed throughout the course.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
Accounting for income taxes is one of the more challenging topics of financial accounting. Corporations must file income tax return following the guidelines developed by the IRS. Because GAAP and tax regulations differ in several ways, so frequently do pretax financial income and taxable income. Hence, the amount that a company reports as tax expense will differ from the amount of taxes payable to the IRS. Those differences produce a complex accounting standard. Tax-related restatement is one of the leading causes of financial restatements.
This course is designed to help you navigate the complexities of income taxes. It identifies ASC 740 Income Taxes accounting and financial reporting requirements for the effects of taxes based on income. It describes the basic principles such as the asset and liability method, tax positions assessment, and the effect of temporary differences. It explains how to assess whether a valuation allowance is necessary for its deferred tax assets. It also covers key concepts such as asset acquisition, intraperiod allocations, and interim reporting related to income taxes. Finally, it addresses financial statement presentation and disclosure. Specific examples are included to illustrate the application. Relevant references to and excerpts from ASC 740 are discussed throughout the course.
Field of Study: Accounting
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
CPA |
Buy |
Companies have different motivations for investing in securities issued by other companies. One motivation is to earn a high rate of return. Another motivation for investing (in equity securities) is to secure certain operating or financing arrangements with another company. This course addresses the accounting and reporting requirements for investment securities and includes specific examples to illustrate the application. Key aspects of debt securities, such as classification, purchases, transfers, impairments, and presentation and disclosure, are addressed. The course also discusses how to account for equity securities and the impairment of investments. Finally, the course explains when to use the equity method and how to apply the equity method.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
Historically, lease accounting has been straightforward: a capital lease vs. an operating lease. An operating lease is treated as an off-balance sheet operating expense. The FASB issued ASU 2016-02, Leases (ASC 842) in response to the growing need for transparency and comparability among organizations. The basic concept of ASC 842 is that leases of all types convey the right to direct the use and obtain substantially all the economic benefit of an identified asset, creating an asset and liability for lessees. Thus, the most signi?cant change requires lessees to recognize the rights and obligations resulting from all leases (greater than 12 months) as assets and liabilities on their balance sheets. Although the lessor accounting is largely unchanged from ASC 840, there are some important changes and more disclosure requirements. For example, certain principles of the lessor model are updated to align with changes to the lessee model and the revenue recognition standard (ASC 606). As a result, ASC 842 brings additional scrutiny from enterprise leaders, auditors, and regulators.
This course is designed to help you navigate the complexities of this standard. It explains ?nancial accounting and reporting requirements for lessees and lessors with specific examples to illustrate the application. It also includes public business entities' reporting responsibilities and explains how ASC 842 affects a company's financial results. Finally, it shares insights that help companies develop a reasonable leasing policy threshold, maintain effective internal control over leases, and prepare for audits.
Field of Study: Accounting
CPE Hours: 7.0
|
7.0 |
$ 54.95 |
CPA |
Buy |
A primer on the basic theoretical concepts and the practical procedures of financial record keeping and reporting, and the use of financial and cost data in managerial decision making. It provides an understanding and working knowledge of the fundamentals of financial and managerial accounting that can be put to practical application in day-to-day jobs of managers. It also concentrates on providing a working vocabulary for communication. Topics include accounting principles and reporting trends, accounting conventions and systems, interpretation and analysis of financial statements; cash flow statement; break-even analysis; activity-based costing (ABC); responsibility accounting; budget for profit planning; short-term and long-term investment decision making. A list of computer software for accounting, ABC, and budgeting is presented.
Field of Study: Accounting
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
In 2021, the Congressional Research Service reported that over 70% of all U.S. workers have access to employer-sponsored pensions. The need to properly administer and account for pension funds is critical. There are very specific requirements for pension accounting and postretirement benefits. ASC 715 Compensation - Retirement Benefits provides guidance on financial reporting for employers who offer pension benefits to their employees. ASC 960 Plan Accounting - Defined Benefit Pension Plans and ASC 962 Plan Accounting - Defined Contribution Pension Plans address the plan accounting standards for defined benefit plans and defined contribution plans respectively. Those detailed calculations of pension cost and reporting requirements produce a complex accounting standard.
This course is designed to help you navigate the complexities of this standard. It begins with an overview of the pension system in the U.S. discussing the nature of pension plans, plan participants' activities, the classification of pension plans, and types of pension plans and their characteristics. It addresses the significance of pension federal laws, including the Employee Retirement Income Security Act, the Pension Protection Act, the Multiemployer Pension Reform Act, and the American Rescue Plan Act. This course also provides current coverage of the requirements for accounting and reporting on pension plans and postretirement benefits. It includes specific examples to illustrate the application. Relevant references to and excerpts from ASC 715, ASC 960, and ASC 962 are discussed throughout the course.
Field of Study: Accounting
CPE Hours: 7.0
|
7.0 |
$ 43.95 |
CPA |
Buy |
The purpose of this course is to review the changes made to lease accounting by ASU 2016-02, Leases, (as further amended by ASU 2018-01, Land Easement- Practical Expedient for Transition to Topic 842, and numerous other amendments), and to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Topics include a review of the new rules for lessees and lessors, the types of leases, how to account for the balance sheet, income statement and cash flows statement impacts of different types of leases, the implementation requirements, and more.
Field of Study: Accounting
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
Course Description
This course is a one-stop problem-solver for today's busy accounting executive. The course is a working guide to help you quickly pinpoint in the complex world of business.
What to look for
What to do
What to watch out for
How to do it
You'll find ratios, formulas, guidelines, and rules of thumb to help analyze and evaluate any business-related problem. Throughout, you'll find this course practical, quick, and useful.
Chapters 1, 2, and 3 take you through accounting principles and guidelines for evaluating a company's financial health. You will have an increased understanding of various financial statements and their implications. You will be exposed to Corporate Responsibility Law, better known as the Sarbanes-Oxley (SOX) Act. You'll learn techniques for analyzing another company's financial position should you wish to invest, extend credit, or compare. You will also learn how to improve a company's corporate profitability and shareholder value. We present internal managerial accounting applications to help you evaluate your own company's performance, profitability, marketing effectiveness, and budgeting process. You'll learn how to highlight problem areas with variance analysis. You will also learn some valuable new tools, such as activity-based costing (ABC), life-cycle costing, target costing, and corporate balanced scorecard.
Chapters 4, 5, and 6 look at financial analysis tools, financial metrics, and financing methods for decision making. Through break-even and sensitivity analysis, you'll be able to move your company toward greater profits. For investment purposes, this part presents guidelines for evaluating proposals, whether they are short or long-term, for-profit potential and risk-return comparisons. You'll learn management and financing techniques to ensure the best possible strategies for maximizing and acquiring cash. Also covered are basic financial tenets of portfolio theory, the Capital Asset Pricing Model (CAPM), and the Arbitrage Pricing Model (APM).
Chapter 7 provides you with a deeper understanding of the financing of your company. A comparison of public versus private placement of securities is provided. You'll learn the characteristics, advantages, and disadvantages of long-term debt financing. In addition to the various types of debt instruments, the circumstances in which a particular type of debt is most appropriate are considered. The advantages and disadvantages of issuing preferred and common are discussed, along with the various circumstances in which either financing source is most suited. Stock rights are also described.
Chapter 8 discusses how a forecast relates to financial planning. You'll learn the components of a forecast and what it predicts. Various forecasting techniques with examples are identified to help you select the right method.
Chapter 9 covers what every accounting professional should know about accounting information systems. The components of an accounting information system, the factors in selecting accounting software, the purpose of extensible business reporting language, and cloud-based accounting are discussed. It also discusses how accounting professionals leverage technology to enable operational improvement and control costs (e.g. the Big Data, robotic process automation, and cloud computing).
This course has been designed in question-and-answer format in order to address the pertinent issues that come up during the course of business. The questions are typical of those asked by persons like you. The answers are clear, concise, and to the point. In short, this is a veritable cookbook of guidelines, illustrations, and "how-to's" for you, the modern decision maker.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
Accounting is evolving. The accounting function has been transformed from information supplier to strategic contributor, and there is a growing pressure to deliver higher quality management data. Organizations now expect the accounting department to be a central resource for critical business information used in the decision-making process across the organization. Many leading accounting departments have implemented a robust infrastructure to address powerful external forces, such as globalization and increased regulation requirements, and to cope with the internal pressure from stakeholders.
This course discusses the trends in the market, and will share meaningful insights, tips, techniques, and best practices that help the professionals take an innovative approach to reducing the closing cycle requirements. It can be used as a roadmap to build a modern and strategic financial close that meets regulatory requirements, manages the challenges of data quality, increases efficiency, improves transparency and delivers a competitive advantage.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
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.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
Accounts payable is changing. Increased competition resulting from an emerging global market has underscored the intense need for attention on the accounts payable teams. The realm of accounts payable, no longer a simple invoice/payment processing center, is evolving. To move the Accounts Payable departments beyond a back-office operation to a contributor to the company's bottom line, accounts payable leaders must take a more strategic and holistic approach to a successful transformation. This course can be used by accounting professionals who are seeking to improve their operations and results. Upon completion of this course, you will be able to: 1) describe the accounts payable operations; from the workflow and accounting concepts to proper closing 2) recognize signs of potentially fraudulent behavior 3) implement controls to mitigate risk 3) prepare for the audit 4) identify trends and new methods 5) develop accounts payable analytics and performance metrics.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
This course examines best practices in accounts receivable management. Accounts receivable management is associated with both credit and collections. These important functional areas work with sales as well as treasury and bank vendors to ensure the maximum realization of cash from sales revenue.
This course explores each functional area, starting with the sales function, and the best practices that relate to accounts receivable management. Credit and collections will each be discussed followed by accounts receivable management administrative best practices, which will include portfolio review, internal controls and payment application. Banking best practices as they relate to accounts receivable management will be explored last.
Field of Study: Accounting
CPE Hours: 2.5
|
2.5 |
$ 23.95 |
CPA |
Buy |
Analysis and Uses of Financial Statements is designed for interested parties who must understand how to read, interpret, and analyze financial statements. This course describes in clear, concise, and understandable language the intricacies of financial statements, and their use by investors, creditors, analysts, and other interested parties.
This course can enhance your chance for success in business and investing; by enabling you to profit from the knowledge, insights, and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. Realistic examples and illustrations of financial statement analysis are widely used in this course to make the subject matter crystal clear. That is the major objective of this course.
This course explains the objectives of financial statements in a meaningful manner. The accounting principles used in compiling financial statements and the qualitative characteristics of data appearing on financial statements are relevantly and reliably described. After a thorough overview of financial statements, major tools and techniques as explained, including:
* Horizontal and vertical analysis
* Common-size statements
* Ratio analysis
* Liquidity and activity ratios
* Profitability ratios
* Capital structure and solvency ratios
* Market test ratios
* Cash flow ratios
The significance of interim financial statements and segment reporting is explored, as are analysis of annual reports and management discussion and analysis (MDA). The analytical techniques discussed in this course are well within the limits of today's information technology. Once the concepts are understood, software can be used to eliminate much of the computational tedium involved.
Field of Study: Accounting
CPE Hours: 10.0
|
10.0 |
$ 69.95 |
CPA |
Buy |
This course focuses on an analysis of the corporate annual report. It helps you interpret and understand its components, including the financial statements, footnotes, review of operations, auditor's report, supplementary schedules, management discussion and analysis (MD&A), and Management's Report On Internal Control Over Financial Reporting. It touches upon how the Sarbanes-Oxley 404 reporting differs from traditional reporting. The course also teaches you how to calculate and analyze financial ratios and cash flows.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The course is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use. Topics include strategic cost management, analysis of costs; break-even and contribution analysis; cost behavior analysis; activity-based costing (ABC); responsibility accounting and corporate balanced scorecard (CBS); budget for profit planning; short-term decisions; capital budgeting.
Field of Study: Accounting
CPE Hours: 9.0
|
9.0 |
$ 65.95 |
CPA |
Buy |
Assets can compose a significant amount of the total assets in many companies. For example, fixed assets usually account for 35-50% of Fortune 500 companies' total assets and represent the majority of capital investments for most companies. These assets are necessary for companies to operate, and, in many cases, the efficient use of these assets determines the amount of profit that companies will earn. Assets: Reporting, Protecting, and Analyzing is designed to address the key accounting principles and concepts of assets and share meaningful insights and techniques that help accounting professionals build a solid foundation to achieve greater efficiency. To maximize efficiency, accountants must answer the following questions:
* What are the basic accounting rules and requirements for recording, reporting, and disclosing assets?
* How do I properly account for intangible assets and assess goodwill?
* What are the key differences between IFRS and GAAP affecting the reporting of assets?
* What are the top fixed asset issues and how do I address them?
* What are the internal controls for safeguarding valuable assets?
* How can I be "audit-ready" for fixed assets? What are the targeted audit areas and common audit findings?
* How do I make optimal long-term investment decisions?
* What are the various aspects of the lease/buy decisions and considerations of new lease accounting standards?
Field of Study: Accounting
CPE Hours: 7.0
|
7.0 |
$ 54.95 |
CPA |
Buy |
The objective of this course is to inform the reader of the various changes made to the compilation and review standards by the AICPA's Accounting and Review Services Committee (ARSC), and to address practice issues related to compilation and review engagements.
The first section of this course consists of an overview of SSARS No. 21, as amended by SSARS No. 22 through 25, and addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement.
The remainder of the course consists of practice issues in compilation and review engagements. Topics include a discussion of an accountant's responsibility for fraud, internal control and going concern, representation letters for review engagements, personal financial statements, tax-basis financial statements, legends on financial statements, accountant's liability in compilation and review engagements, saving time in engagements, ethics and independence issues, and more. The focus of the course is to identify, recognize and recall the rules pertaining to various pronouncements, including those related to recent developments.
Field of Study: Auditing
CPE Hours: 20.0
|
20.0 |
$ 109.95 |
CPA |
Buy |
The objective of this course is to address the new auditor reporting standards issued by the Auditing Standards Board as SAS No. 134-141. Topics include an overview of the new auditor's report found in SAS No. 134's AU-C 700A, including the new report's format, positioning of sections within the report, title, headings, and expanded language; amendments made to various reporting standards by SAS No. 135; a review of THE new ERISA plan audit standard found in SAS No. 136, AU-C 703, including the format of the new ERISA-plan auditor's report, positioning of sections of that report, the new ERISA Section 103(a)(3)(C) audit (formerly a limited-scope audit) and the auditor's report thereon, expanded audit procedures and communications required by auditors of ERISA-plan financial statements; changes made by SAS No. 137 to the auditor's procedures and reporting on other information, changes made to the definition of materiality by SAS No. 138, changes made to special reports by SAS No, 139, and amendments made by SAS No. 140 to supplementary information, required supplementary information, compliance audits, interim financial information, and audits of internal control over financial reporting.
Field of Study: Auditing
CPE Hours: 10.0
|
10.0 |
$ 69.95 |
CPA |
Buy |
The objective of this course is to address the new auditing standards issued by the Auditing Standards Board as SAS Nos. 142-145.
The first segment of the course addresses SAS No. 142's expanded guidance on what comprises audit evidence in a financial statement audit. Topics include: evaluating audit evidence; testing audit evidence; relevance and reliability of audit evidence including its source; susceptibility to management bias; corroborative or contradictory information; evaluating whether information is sufficiently precise and detailed for the auditor's purposes; and use of automated tools and techniques.
The second segment is a review of SAS No. 143's guidance on accounting estimates including the degree of estimation uncertainty; risk assessment procedures related to accounting estimates; identifying and assessing the risks of material misstatement including responses to the assessment; indicators of possible management bias, and more.
The third segment consists of a review of SAS No. 144's changes to auditing standards in connection with use of specialists (management and auditor specialists) and use of price information obtained from external sources.
The final section addresses significant changes made by SAS No. 145 to the auditor's understanding of an entity and its environment and the assessment of risks of material misstatement.
Field of Study: Auditing
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
This course details the many questions connected with auditing. It provides guidance to auditors in rendering services to their varied clients with a practical "how-to" audit approach. It incorporates and reflects up-to-date guidance from the PCAOB (public companies audits), the AICPA (nonpublic entity audits), and the GAO (Yellow Book audits). For example, it focuses on the principles of independence, audit risk, fraud risk factors, and audit documentation that will establish a foundation for the credibility of an auditors' work. It also includes requirements and considerations related to performing an integrated audit. It highlights the key procedures that require external auditors to attest to management's disclosures regarding the effectiveness of its internal control, such as the use of top-down approach, the test of controls, and evaluation and communication of deficiencies.
Field of Study: Auditing
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
The purpose of this course is to inform the reader of the various changes made to the compilation and review codification by SSARS No. 21 as amended by SSARS No. 22, Compilation of Pro Forma Financial Information, SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services- 2016, and SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services- 2018, and SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
The course addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement.
This course fulfills the California requirement for 8 hours of preparation engagement.
Field of Study: Auditing
CPE Hours: 12.0
|
12.0 |
$ 79.95 |
CPA |
Buy |
Topics include: addressing the auditor's 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 entity's 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.
Additionally, in this course, auditors will learn about the new auditor's report, auditing estimates and audit evidence, and changes made to the auditor's 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.
Field of Study: Auditing
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
An asset is an item of economic value expected to yield a benefit to the owing entity in future periods. To provide information about liquidity, assets are divided into current and noncurrent assets on the balance sheet. A current asset, such as cash, account receivable, and prepaid expenses, is expected to be consumed within one year, while noncurrent assets, such as long-term investments, property, plant and equipment, and intangible assets, are to be consumed in more than one year. This course discusses generally accepted accounting principles (GAAP) for reporting both current and noncurrent assets on the balance sheet. The course is designed to help you navigate common asset accounts with specific examples to illustrate the application.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
A liability is a legal debt or obligation that arises during business operations. A current liability, such as accounts payable, is payable within one year. A noncurrent liability, such as bonds payable, long-term loan, and finance lease, is an obligation that is due in over a year. This course discusses generally accepted accounting principles (GAAP) for reporting both current and noncurrent liabilities on the balance sheet.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
Stockholders' equity represents the cumulative net contributions by stockholders plus accumulated earnings less dividends. Stockholders' equity is synonymous with net worth, or net assets (assets less liabilities). This course discusses generally accepted accounting principles (GAAP) for reporting stockholder's equity on the balance sheet. It addresses many of the possible actions, such as issuance of preferred and common stock, treasury stock, dividends, retained earnings appropriations, stock splits, and stock warrants. The course is designed to help you navigate components of stockholders' equity with specific examples to illustrate the application.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
Blockchain is more than just the cryptocurrency bitcoin. The implementation is usually designed with a specific purpose or function (e.g., smart contracts, distributed ledger systems between businesses). With the growing adoption of this world-changing technology, accountants and auditors with a strong knowledge of blockchains are already increasingly in demand, as an intricate understanding of the technology and its impact is required to provide appropriate guidance.
This course is designed to help accountants and auditors gain a thorough non-technical understanding of blockchain technology. Part I identifies its built-in security features (e.g., distributed ledger, consensus models, and cryptography) and the types of blockchains, to explain how blockchain reshapes the business ecosystem and how smart contracts are executed. Despite the security enhancements, management and auditors should be aware of blockchain challenges, risks, and attacks, which are also addressed. Part I also addresses key application considerations, and how blockchain solutions are not suitable for all existing processes.
To truly appreciate the value of this technology, Part II describes how blockchain technology can transform accounting and auditing practices, allowing us to understand the current landscape and potential hurdles.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
The accountant is frequently called upon to advise management of the impact of proposed combinations, as well as to prepare consolidated financial statements for completed transactions. Knowledge of the emerging accounting rules in this area is critical in supporting both functions. This course explains the characteristics of a business and identifies transactions required the application of business combination accounting, which refers to acquisition method in ASC 805, Business Combinations. This course also explains how to apply the consolidation guidance in ASC 810, Consolidation.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
In the changing business landscape where volatility, uncertainty, risk, and disruption are becoming more prevalent, the role of the CFO has undergone an evolution. CFOs continue to be stretched and scrutinized. In addition to financial reporting, planning and analysis, CEOs and boards expect the CFO to contribute to the major decisions, such as growth strategy, risk management strategy, and investment strategy. This course is designed to help CFOs navigate these issues. It is divided into seven parts, which provide guidance to the issues faced by the CFO and the finance and accounting functions.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
This course is comprised of 6 videos. It begins by discussing the concept of classification and its important role on the financial statements, and then moves into coverage of the company's two primary forms of financing: debt and equity. The financial statements and the footnotes of the companies featured in this course include General Motors, Volkswagen (an IFRS user), Amazon, Home Depot and Panera.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
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 the nonfinancial reporting frameworks.
This course also reviews the accounting for climate-change risks under 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.
Field of Study: Accounting
CPE Hours: 3.5
|
3.5 |
$ 31.95 |
CPA |
Buy |
Today's controllers are facing a complex and constantly changing business environment pressuring their accounting departments to provide timely, accurate and reliable information in a more efficient manner. The controller's office is increasingly viewed as a business asset. Despite the uncertainty of the future, organizations look to the controller to provide clear insights using historical and forward-looking data.
This course will present recent research relevant to today's controllers, as it describes the role of the controller in detail. He/she is at the center of the corporate universe due organizations' need to capture, manage and leverage accounting and business data to enhance their performance in a competitive market. Dramatic changes in the business environment, such as increased globalization, changes in reporting requirements, rapid technological advancement, and the long-term impact of capital expenditures, have driven businesses to reevaluate the controller's role. Most organizations now expect the controller's office to be a central resource for critical business information to help drive strategic and critical decisions from the C-suite as well as across all operations.
Field of Study: Accounting
CPE Hours: 15.0
|
15.0 |
$ 93.95 |
CPA |
Buy |
Cost Management: Accounting and Control covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI) strategies. Topics include analysis of costs; job order and process costing; break-even and contribution analysis; activity-based costing (ABC); balanced scorecard, cost allocation; responsibility accounting; budget for profit planning; short-term decisions; capital budgeting; quality costs and total quality management (TQM); inventory management and just in time (JIT).
Field of Study: Accounting
CPE Hours: 13.0
|
13.0 |
$ 84.95 |
CPA |
Buy |
This course is based on two recent financial statement fraud cases; Dewey & LeBouef and ContinuityX. Dewey & LeBouef was a high-profile law firm that, at its peak, had over 3,000 employees and over 1,400 lawyers. It is alleged that personnel at Dewey & LeBouef made inappropriate financial adjustments starting in 2008 to meet its bank lending covenants and planned to conceal these adjustments from its "clueless auditor". Dewey & LeBouef declared bankruptcy in 2012.
ContinuityX was an internet services reseller that, according to an SEC complaint, fabricated 99% of its revenue. It was audited by a firm that was fined and disciplined by the SEC and the partner responsible for the audit was also fined and permanently suspended from practicing before the SEC. ContinuityX declared bankruptcy in 2013.
Both cases involve financial statement fraud, auditor deception and some lessons to be learned.
Field of Study: Auditing
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
CPA |
Buy |
This course is comprised of 5 videos, focusing on how companies manage and account for the primary current assets: accounts receivable, inventory and some investments. It also provides a broad discussion of the general ways in which assets are depicted on the financial statements. The financial statements and the footnotes of the companies featured in this course include Caterpillar Financial, Caterpillar Manufacturing, John Deere, Nordstrom, Yahoo, Barnes & Noble, and Amazon.
Field of Study: Accounting
CPE Hours: 2.5
|
2.5 |
$ 24.95 |
CPA |
Buy |
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 proposed 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 includes a discussion of accounting and financial reporting issues related to COVID-19, PPP loans, the Employee Retention Credit (ERC), and the Pass-Through Entity (PTE) Tax.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
This course is comprised of 3 videos, covering investments in equity securities (including mark-to-market accounting, equity method and consolidations); property, plant and equipment; and intangible assets. The financial statements and the footnotes of the companies featured in this course include Walt Disney, 3M and Yahoo
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
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 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.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
Fair values are more common in financial reports because fair values have increased in business importance in recent years. Increasingly elaborate financial instruments and risk management practices have created financial statement elements for which historical cost is almost irrelevant, and fair value, and fluctuations in fair value, are extremely relevant.
This course is designed to help you navigate the complexities of fair value measurements. It covers the accounting and financial reporting requirements in ASC 820 Fair Value Measurement and ASC 825-10 Financial Instrument-Fair Value Option as well as insights into how to apply this guidance in practice. For example, it discusses the items for which fair value measurements are required or permitted, includes excerpts from, and references to, ASC 820 and ASC 825-10, and examples. It addresses the key concepts such as applying the fair value framework, identifying common valuation techniques, and determining eligibility for the fair value option.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
The purpose of this course is to inform the reader of the various changes affecting accounting, compilation and review, and auditing engagements as well as a review and recall of existing standards. Topics include a summary of newly issued FASB statements, new statements issued by the Auditing Standards Board, changes in compilation and review, current and pending developments, practice issues, and more.
Field of Study: Accounting 16 CPE, Auditing 8 CPE
CPE Hours: 24.0
|
24.0 |
$ 109.95 |
CPA |
Buy |
A series of corporate misbehavior and scandals where employees, investors, and other stakeholders suffered tremendous losses have made the world aware of the severity of fraud. While fraud varies in sophistication, it can reach and impact every business, regardless of size, industry, or length of time in business. Fraud is a common risk that cannot be ignored and tolerated. A recent study reveals that organizations typically lose approximately 5% of revenues each year to fraud. Whether due to an aggressive sales culture, lack of moral leadership, ineffective monitoring systems, or weak internal controls, questions always beg "why did it happen?", "why couldn't it be prevented or detected by the existing internal controls?", and "where were the auditors and why didn't they uncover the fraud?"
This course is designed to help professionals better prepare for these questions by examining two infamous corporate scandals: 1) The Retail Empire: Crazy Eddie, and 2) The King of Cross-Sell: Wells Fargo. It details how Crazy Eddie applied various techniques to "cook the books" and deceive auditors. It explains how Wells Fargo employees engaged in different types of sales practice misconduct to meet unrealistic sales targets. It also reviews the factors that led to the end of Crazy Eddie and Wells Fargo's widespread customer abuse. Moreover, it discusses lessons learned from both cases that can result in improved audit processes. It identifies specific mistakes made by Crazy Eddie's auditors and discussed what the auditors should have done. It also describes how internal auditors can help prevent the unethical practice from snowballing in Wells Fargo. Finally, it provides guidelines for evaluating the corporate culture with a sample audit program.
Field of Study: Auditing - Fraud
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
CPA |
Buy |
Technological advances change how we live, work, and relate to one another. Remote presence and the interconnectivity of people, devices, and organizations open a whole new playing field of vulnerabilities and access points that cybercriminals can exploit. Cyber threats have evolved from unsophisticated attackers to state-sponsored criminals. Fast-evolving and multi-dimensional threats exist across all industries and organized crime is becoming increasingly sophisticated in its use of technology to commit fraud. As a result, security incidents continue to rise and will continue to be a top-of-mind item for individuals, businesses, governments, and industry regulators as the number of high-profile attacks increases. Staying aware of cyber security trends is critical to crime prevention efforts and it also helps in the creation of tools and strategies to combat cyberattacks.
This course explains how the evolution of technology has transformed society and changed the face of computer and Internet fraud. It identifies common cyberattacks, cybersecurity threats, and vulnerabilities, and ways to protect ourselves from cybercrime. The course also discusses major cybersecurity and privacy laws, significant computer crime statutes, and widely recognized cybersecurity standards. Finally, it explains how the Red Flags Rule affects certain organizations and discusses cybersecurity risks and incidents disclosure requirements for public companies. Real-life cases are included as well.
Field of Study: Auditing - Fraud
CPE Hours: 7.0
|
7.0 |
$ 54.95 |
CPA |
Buy |
This course is designed to help small businesses understand the need for internal controls and develop simple systems to protect businesses against employee fraud schemes. It focuses on common methods of fraud, behavioral and transactional red flags, and control design principles for small businesses. It provides practical recommendations to help small businesses prevent and detect fraud in this unique environment. For example, it offers suggestions for how to overcome the lack of segregation of duties that is often present in small businesses. It discusses how to promote ethical culture through the appropriate tone at the top and code of conduct. It also identifies ways to retain ethical and qualified employees. Finally, it includes checklists to help small businesses assess and strengthen the internal controls in high-risk areas of fraud, such as cash receipts, purchasing & payables, and payroll.
Field of Study: Auditing
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.
This course is divided into four parts. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor's role in Enron's collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability. Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.
Field of Study: Auditing - Fraud
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
CPA |
Buy |
Organizations need an established internal audit function, operating in full compliance with accounting and regulatory standards. They need a group that is already well equipped to meet the challenge of good governance and transparency of internal control effectiveness and efficiency.
This course incorporates and discusses up-to-date guidance from the IIA and the 2013 COSO Framework. It not only addresses the theoretical principles of the internal auditing but it also provides readers with the practical guidance they need to assume a role in the internal audit function in their organizations. It addresses the nature and significance of internal auditing by examining its purpose, scope, and transformation. It focuses on the key internal auditing concepts, such as the risk-based auditing approach, internal audit process, and the Three Lines of Defense Model. It also discusses how internal auditors play a value-added role with respect to the Sarbanes-Oxley Act Section 404 certification process.
In addition, this course discusses how internal auditors help organizations effectively manage fraud risks and keep them protected. It discusses the key principles and measurements for proactively establishing an environment to effectively manage an organization's fraud risk. It also includes a template which can be adapted for an enterprise-wide fraud risk assessment by incorporating all major business areas/units within the framework.
Field of Study: Auditing
CPE Hours: 7.0
|
7.0 |
$ 54.95 |
CPA |
Buy |
The introduction of the Sarbanes-Oxley (SOX) Act law fueled rapid growth in the organizational importance of internal control systems. Appropriate interpretation and implementation of the internal control framework are vital for every organization. This course incorporates and reflects up-to-date guidance from the PCAOB, the AICPA, the ACFE, and the principles of 2013 the COSO Framework as amended. The course not only addresses the theoretical concept of the internal control system but also provides readers with the practical guidance they need to assume a role in the design, implementation, maintenance and evaluation of a comprehensive framework of internal controls for their organizations.
Specifically, the course presents the principles of internal control to help readers understand the nature and context of control, such as the limitations of internal controls, the most recognized controls frameworks (e.g., COSO Framework, Green Book), and some common and important control procedures. It also includes steps on how to identify risks and controls, advice on how to assess the adequacy of controls, a discussion of how to reach a fair assessment, and documentation requirements for evidence of effective controls. In addition, the course discusses requirements related to performing an integrated audit: AS 2201 and AU-C Section 940. Although these auditing rules are mandatory for external auditors and not for management, management should give consideration to following the approach described in these requirements.
No discussion of internal controls would be complete without an examination of fraud prevention and detection. All organizations are subject to fraud risks. Fraud is now so common that its occurrence is no longer remarkable, only its scale. The course offers the essential tools for designing and implementing programs and controls to prevent and detect fraud. It focuses on the causes of fraud, fraud risk factors, some of the more common types of fraud, fraud symptoms, and fraud preventive and detective techniques, along with recent cases of corporate fraud. It explains the differences be-tween forensic accounting and auditing. It also includes the ACFE Fraud Prevention Checkup to help organizations identify major gaps and fix them before it is too late.
This course includes an illustration of potential internal control weaknesses involving accounting and financial reporting cycles, along with examples of compensating controls. It provides sample audit programs of key processes. It also incorporates appendixes including an example of management internal control report, a SOX Section 404 management compliance checklist, financial reporting controls and information systems checklist for each key cycle (e.g., revenue, inventory, financing), and a computer applications checklist.
Field of Study: Auditing - Fraud
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
This course uses cases of three recent accounting frauds to demonstrate the importance of internal controls, management oversight by the board of directors and an organizational emphasis on ethics in the prevention of fraud. It also examines the CPA auditor's responsibility for internal controls and the prevention and detection of fraud as part of its work. The case studies utilized relate to Koss Corporation, Fair Finance Company and Diamond Foods.
Field of Study: Auditing
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
CPA |
Buy |
Enron's bankruptcy represented the collapse of the seventh largest company in the U.S. with over $100 billion in gross revenue. The name Enron has become synonymous with lies, greed, and corruption. Senior executives engaged in wide-ranging deceptive accounting practices to defraud the investing public by materially inflating the company's earnings and hiding debt. The downfall of Enron is a complex story. This course is divided into three sections. Chapter 1 discusses how the company grew from humble beginnings to become a leading energy trader and supplier. Chapter 2 identifies key players and a series of events that eventually led to the bankruptcy of the company. It explains the fraudulent scheme involving widespread abuse of GAAP such as fair value accounting and off-balance sheet financings. It also analyzes warning signs that started showing up in the financial statements. Chapter 3 discusses the role of corporate culture, corporate governance, and Arthur Andersen in Enron's collapse. It examines the comprehensive reform of business financial practices and changes made to accounting, auditing, and the SEC rules.
Field of Study: Auditing - Fraud
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
The full disclosure principle, one of the major accounting principles, requires that information provided in financial statements be sufficiently complete to avoid misleading users of the reports by omitting significant facts of information. The full disclosure principle also refers to revealing information that would be useful in the decision-making processes of informed users. Full disclosure is required for the fair presentation of financial statements. This course discusses the disclosures required of companies, including those related to accounting policies, segmental information, related parties, contingencies, long-term purchase contract obligations, inflation, and derivatives. Sample annual reports addressing this requirement are illustrated.
Field of Study: Accounting
CPE Hours: 2.5
|
2.5 |
$ 24.95 |
CPA |
Buy |
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.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
This course on accounting for governmental entities is intended to be used by anyone who would like to gain knowledge of accounting and financial reporting currently recommended for state and local governmental units. The course provides an overview of (1) the fundamental concepts underlying state and local governmental accounting and reporting, (2) the importance of budgetary accounting in government, and (3) the recognition rules and journal entries related to governmental financing. It also describes (1) the accounts and journal entries related to transactions specific to governmental entities, (2) the process of defining the governmental reporting entity, (3) the components of the comprehensive annual financial report (CAFR), (4) the reporting requirements for government- wide and fund-based financial statements, and (5) other required information in the CAFR.
Field of Study: Accounting - Governmental
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
Governmental accounting is different from commercial accounting. Governmental entities use a fund-based accounting system in which some of the funds use a modified-accrual accounting method as opposed to the accrual method used by commercial entities. Also, the financial statements of governmental entities have a foundation in the individual funds but aggregate to a government-wide level.
Upon completion of this course, you will be able to apply the general principles underlying the government accounting standards, demonstrate the basis of accounting used by governments and how fund accounting is used to report the difference programs and activities of the government. You will also be able to identify the financial statements, disclosures, and supplementary information typically reported in the Comprehensive Annual Financial Report. Sample statements are provided to enhance your knowledge of the relationships between the statements.
Field of Study: Accounting - Government
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
The Standards for Internal Control in the Federal Government, known as the "Green Book," sets the requirements for an effective internal control system for federal agencies. This course covers the control environment, as discussed within the GAO Green Book. The control environment is the foundation for a system of internal controls, providing the discipline and structure needed to help an entity reach its objectives. It is the control consciousness of an organization that reflects management’s commitment to internal control. Management of any governmental agency should create and maintain a favorable control environment to achieve the organization’s objectives.
Field of Study: Auditing - Government
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
Standards for Internal Control in the Federal Government, known as the "Green Book," sets the standards for an effective internal control system for federal agencies. This course covers the effective information, communication system and monitoring of the government internal control framework, as discussed within the GAO Green Book. Effective information and communication systems are a key component of an effective system of internal controls. Effective internal control monitoring assesses the effectiveness of control performance over time and promptly resolves identified weaknesses. These ongoing control evaluations, and corrective actions, are necessary to achieve objectives because they help ensure an effective system of internal controls is in place and operating effectively to mitigate any risks. Together, information, communication, and monitoring support the functioning of the other key components: the control environment, risk assessment, and control activities.
Field of Study: Auditing - Governmental
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
This course describes the requirements created by the Government Auditing Standards, known as the Yellow Book. Government auditing is essential in delivering an objective and independent view of government programs and services. It reinforces the expectation that the government entities will carry out their functions effectively, efficiently, ethically and in accordance with the applicable laws and regulations. In other words, an effective government audit activity strengthens governance by significantly increasing citizens' ability to hold the government entities accountable through the use of internal or external audit services or a combination of the two.
Field of Study: Auditing - Government
CPE Hours: 11.0
|
11.0 |
$ 69.95 |
CPA |
Buy |
Fraud is a heavy economic and moral burden on society, and it is a global problem that harms government and costs trillions of dollars in worldwide damages each year. Although the probability of fraud occurring may vary depending on the size and complexity of the operations and programs, opportunities to commit fraud are always present. To prevent and detect fraud, we must understand why people commit fraud, and identify the common type of government fraud, factors leading to government fraud, and the most frequent fraud detection approaches.
Field of Study: Government Auditing - Fraud
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
Generally Accepted Government Auditing Standards (GAGAS), also known as the Yellow Book, provide a framework for audit organizations and auditors that conduct audits of government entities, entities that receive government awards, and other entities that require a Yellow Book audit. The term "Yellow Book" comes from the original publication of GAGAS in 1972, which was wrapped in a bright yellow jacket. There have been several revisions of the Yellow Book throughout the years. The most current publication, and the focus of this course, is Government Auditing Standards: 2018 Revision.
Field of Study: Auditing - Government
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
Generally accepted government auditing standards (GAGAS) provide a framework for conducting high quality audits with competence, integrity, objectivity, and independence. GAGAS contains standards for audits and requirements and guidance dealing with ethics, independence, auditors' professional judgment and competence, quality control, performance of the audit, and reporting. This course will focus on the purpose of performance audits. It describes the features and requirements to provide a basis for good performance audit practices, along with examples to illustrate the application. For instance, it incorporates a flowchart for internal control considerations to assist in applying the requirements. It provides a fraud risk matrix to help auditors determine whether fraud is significant to audit objectives. Finally, it includes samples of audit reports issued under GAGAS. The focus of this course is the latest revision of the Yellow Book, Government Auditing Standards: 2018 Revision.
Field of Study: Auditing - Government
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
Generally accepted government auditing standards (GAGAS), also known as the Yellow Book, provide a framework for audit organizations and auditors that conduct audits of government entities, entities that receive government awards, and other entities that require a Yellow Book audit. The term "Yellow Book" comes from the original publication of GAGAS in 1972, which was wrapped in a bright yellow jacket. There have been several revisions of the Yellow Book throughout the years. The most current publication, and the focus of this course, is Government Auditing Standards: 2018 Revision. Course Three is designed to help you navigate the complexities of the standards by laying out the fieldwork and reporting standards for financial audits and attestation engagements.
Field of Study: Auditing - Government
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
This course defines earnings management and then introduces and illustrates the two basic forms: real earnings management and accruals earnings management. It illustrates each form, provides a number of examples, discusses whether they are appropriate and then creates a framework for accruals earnings management that identifies and relates the four general areas (materiality, disclosure, classification and measurement) where it is practiced. The video concludes with a thorough discussion of why earnings management is practiced, and common strategies used by companies. Throughout the video real-world financial statements and footnotes are analyzed. Companies featured include General Electric, Merck, Harley Davidson, Tesla, AT&T, Volkswagen, Walt Disney and others.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
This course includes 10 videos that provide a thorough coverage of how to read and analyze financial statements as well as how the analysis can be organized to identify and assess a company's value drivers. It begins with videos covering the balance sheet, income statement, statement of cash flows and the statement of shareholders' equity. It then moves into the real world, focusing on Home Depot, its key performance measures, leading to a complete ratio analysis. Home Depot's performance is then compared to that of Lowe's Home Improvement in terms of the basic ratios, more much more importantly using an ROE-based model that highlights the companies' value drivers.
Field of Study: Accounting
CPE Hours: 3.5
|
3.5 |
$ 31.95 |
CPA |
Buy |
International Financial Reporting Standards ("IFRS") represents the international alternative to U.S. Generally Accepted Accounting Principles. Most of the world already communicates with investors and stakeholders about corporate financial performance in the language of IFRS. 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.
This course provides an introductory overview of International Financial Reporting Standards, including detailed discussions of the impact that adopting IFRS will have 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.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
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 world's 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 IASB's and FASB's efforts towards achieving convergence in these areas of financial reporting.
Field of Study: Accounting
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
CPA |
Buy |
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 world's 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 IASB's and FASB's efforts towards achieving convergence in EPS reporting.
Field of Study: Accounting
CPE Hours: 1.5
|
1.5 |
$ 17.95 |
CPA |
Buy |
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 world's 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 IASB's and FASB's efforts towards achieving convergence in this area of financial reporting.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
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 world's 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 IASB's 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.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
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 world's 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 IASB's and FASB's efforts towards achieving convergence in fixed assets reporting.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
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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 world's 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 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 IASB's and FASB's efforts towards achieving convergence in segment reporting.
Field of Study: Accounting
CPE Hours: 1.5
|
1.5 |
$ 17.95 |
CPA |
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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 world's 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 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 IASB's and FASB's efforts towards achieving convergence in this area of financial reporting.
Field of Study: Accounting
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
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The objective of this course is to address the new revenue standard in ASC 606, Revenue from Contracts with Customers, and its related updates, and provide guidance to nonpublic (private) entities who are required to implement the standard starting in 2019.
Topics include and overview of the new standard and its core principle, an analysis of each of the five steps required in the revenue model, selected issues encompassing principal versus agent considerations, dealing with warranties, bill-and-hold arrangements, and consignment transaction. The course also addresses how to account for contract costs, financial statement presentation of revenue-related accounts, disclosures, and transition methods and guidance.
Field of Study: Accounting
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
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This course discusses the format of the income statement, major income statement categories, unusual or infrequent items, discontinued operations, research and development costs, deferred compensation arrangements, compensation expense arising under a stock option plan, insurance costs, and earnings per share calculation.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
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This course is an introduction to financial statements, why they are important, what they are, and includes a description of the environment in which they are prepared and used as well as a description of the concept of corporate governance. It emphasizes the role of financial statements in measuring how well companies have performed on key factors of business success. This course includes a video presentation.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
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Inventory usually represents a substantial portion of a manufacturing or merchandising company's total assets: on average, it is more than 30% of total current assets for a U.S. company. Inventory management has a significant influence on a company's cash flow and continued viability, and as an asset on the balance sheet, inventory can have a direct impact on reporting the solvency of the company. Thus, determining ideal inventory levels is a balancing act and a key to a healthy and growing business.
This course is designed to address the main accounting principles and concepts applicable to inventory. It shares insights and techniques focused on improving inventory optimization processes, forecasting accuracy, and replenishment strategies. It also discusses common warning signs of inventory fraud, investigation techniques, and some control activities to mitigate risks. This course also identifies the uses of technology to improve inventory management systems. Finally, risk areas, processes, and tips for planning a smooth inventory count are included to help a company prepare for year-end audits.
This course can be used by accounting professionals as a roadmap to what every accountant should know about inventory accounting, reporting, safeguarding, and optimization strategies.
Field of Study: Accounting
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
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This course is for aspiring accountant or finance people who want to improve their understanding of how accounting works. This course packs into one hour the best of what you need to know to perform accounting. You will learn tips and techniques to make sure you stay on track and your books balance, and you will learn how to prepare financial statements using a simple conceptual model that can apply to any organization small or large.
Field of Study: Accounting
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
CPA |
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This course is comprised of 12 videos, demonstrating the process of preparing a complete set of financial statements, including discussions of the basic accounting equation, journal entries, ledgers, and contra accounts (e.g., accumulated depreciation and treasury stock). The last two videos address the differences between accruals and cash flows, and the items that reconcile net income on the income statement with net cash from operating activities in the operating section of the statement of cash flows.
Field of Study: Accounting
CPE Hours: 3.5
|
3.5 |
$ 31.95 |
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In 2014, after years of deliberations, the Financial Accounting Standards Board (the FASB) and the International Accounting Standards Board (the IASB) jointly issued the Accounting Standard Update (ASU) No. 2014-09 (codified primarily in ASC 606) and IFRS 15, respectively. ASC 606, the new revenue standard, replaces virtually all (including industry-specific) U.S. GAAP revenue guidance with a single model. The standard does not just change the amounts and timing of revenue but potentially affects organizations' financial statements, business processes, and internal control over financial reporting. The standard also affects other related accounting topics such as contract modification, rights of return, licensing, principal-versus-agent considerations, and income tax. Moreover, the standard creates new and expanded disclosure requirements.
In light of the new revenue standard, organizations need to reassess their current revenue accounting processes and systems and implement changes required to maintain compliance with the new guidance. This course reorganizes the guidance contained in ASC 606, to follow the five-step revenue recognition model along with other guidance impacted by this standard. It also provides examples to illustrate the application. The course is designed to help you navigate the complexities of this standard, identify the implications of it, and prepare for implementation. It also shares insights to help you evaluate the effect of required changes to the internal control environment. It provides a working knowledge of the fundamentals of revenue standard that can be applied, regardless of the company size, in the real world.
Field of Study: Accounting
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
CPA |
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This course is divided into three parts. Part I is designed to help you navigate the specialized accounting principles and practices for the media and entertainment (M&E) industry. It discusses all the important authoritative pronouncements on GAAP for broadcasters, cable television, films, and music. Relevant references to and excerpts from ASC 920, ASC 922, ASC 926, and ASC 928 are discussed throughout the course. It also provides specific examples to illustrate the application. Part II focuses on the ASC 606 revenue recognition requirements since it supersedes most industry-specific guidance. Entities across industries are required to follow the guidance of ASC 606. Part III highlights key aspects of the lease standard as leases are common in the M&E industry.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
Specialized Industry GAAP - Real Estate covers the important authoritative pronouncements on GAAP for the specialized real estate industry. This course focuses on financial reporting requirements for real estate project costs (Part I), real estate sales (Part II), and the rental of property (Part III). Part I addresses whether costs associated with real estate projects should be capitalized or charged to expense as incurred. Part II explains how to apply the five-step revenue recognition model on real estate sales under ASC 606 Revenue from Contracts with Customers. Part III discusses how lessors (landlords) and lessees (tenants) account for leased property under ASC 842 Leases. This course also includes specific examples to illustrate the application of these requirements.
Field of Study: Accounting
CPE Hours: 3.5
|
3.5 |
$ 31.95 |
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Cash flows are vital to a company's financial health. The statement of cash flows provides useful information to management, investors, creditors, and other interested parties, presenting the effects on cash of all significant operating, investing, and financing activities. It is required as part of a full set of financial statements. This course discusses cash flow reporting, presentation, and disclosure requirements of ASC 230, Statement of Cash Flows. It also provides examples to illustrate the application.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
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The objective of this course is to discuss the general rules and applications used in the preparation of and reporting on tax-basis financial statements and other bases of accounting found within the special purpose frameworks (also referred to as other comprehensive bases of accounting).
Updated for changes made by the Tax Cuts and Jobs Act, the CARES Act, and the Consolidated Appropriations Act, topics include an overview of the types of special purpose frameworks, advantages and disadvantages of using tax-basis financial statements, tax-basis accrual versus cash basis, reviewing the key differences between GAAP and tax-basis revenue and expenses and other differences, tax-basis disclosures, reporting options for tax-basis financial statements, unusual reporting and presentation issues related to tax-basis financial statements, an overview of other types of special purpose frameworks including pure cash basis, modified cash basis, regulatory basis, contractual basis, and the other basis of accounting, and more.
The course also addresses the presentation and disclosures for PPP loans, Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) tax.
Field of Study: Accounting
CPE Hours: 10.0
|
10.0 |
$ 69.95 |
CPA |
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This course covers time value of money, a concept at the heart of economics, finance, and business decision making that also is frequently used by accountants when valuing assets and liabilities. The course consists of a single video that covers interest, future value and present value of various cash flows, and internal rates of return. The applications covered include creating savings plans for future goals, such as vacations and college educations, as well as valuing and accounting for bond investments.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
Implementing a new ERP system is a daunting task for any CFO. An ERP system by design spans the breadth of the organization and as such requires a high level of coordination and collaboration across the business. With so many options available, the task of where to start and how to think through start up elements of your own ERP initiative can be daunting for any CFO.
In this course, Jennifer Nicholson, a many-time CFO, who has recently gone through implementing a new ERP system shares with you her own insights and experience with the ERP implementation process. Whether you have begun already, are just beginning, or merely contemplating a change to your systems, this course will guide you through all the relevant stages of the implementation process.
Field of Study: Accounting
CPE Hours: 1.0
|
1.0 |
$ 12.95 |
CPA |
Buy |