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.
Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.
Field of Study: Accounting
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
CPA |
Buy |
Simple fraud schemes that use social engineering techniques are gaining popularity in the United States. These schemes rely on trickery to persuade an unsuspecting employee to divert cash or sensitive information to the fraudster. This course examines techniques being employed such as email spoofing, phishing and vishing using actual recent cases and discusses techniques to minimize the possibility of this type of fraud in your organization.
Field of Study: Auditing
CPE Hours: 1.0
|
1.0 |
$ 14.95 |
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 |
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 |
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: 1.5
|
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 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: 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 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: 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 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 |
Earnings per share (EPS) is a popular and useful summary measure of a company's profit performance. It 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 disclosures associated with earnings per share.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
This course discusses the process of translating financial statements from foreign currency into U.S. dollars. It covers a range of topics for the accounting and reporting of foreign currency transactions as prescribed by ASC 830, Foreign Currency Matters, and ASC 815, Derivatives and Hedging. For instance, forward contracts may be entered into for hedging or speculative purposes. A sale or liquidation of an investment in a foreign entity may occur. Foreign currency dealings may create a tax impact. Finally, footnote disclosures are discussed so readers can properly appraise a company's exposure in overseas operations to variability in foreign exchange rates.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
Small business enterprises sometimes take the position that effective internal controls cannot be achieved. There aren't enough employees for adequate segregation of duties. Many, if not most, have no internal audit function. However, even within the confines of these and other challenges, small businesses can achieve an effective internal control structure.
To overcome an inability to segregate duties as well as other issues, small businesses must look for mitigating controls. The most pervasive mitigating control is the direct oversight of management. This oversight may take the form of financial statement review, approving disbursements, signing checks as well as other review processes. While there are other considerations as to whether the oversight of management may mitigate a lack of segregation of duties and other internal control challenges, if done correctly, this is one of the best ways to overcome these inherent issues.
There are internal control fundamentals that are appropriate for small businesses. This course discusses fundamental operational and accounting controls and also reviews the optimal company culture for an effective internal control environment.
Field of Study: Auditing
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
Specialized Industry GAAP - Real Estate discusses all of the important authoritative pronouncements on GAAP for this specialized industry. This course addresses accounting principles, financial reporting presentation requirements, required and recommended disclosures for real estate, title plant, and mortgage banking industries.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
This course discusses generally accepted accounting principles (GAAP) for reporting stockholders' equity on the balance sheet. 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 the accounting, financial statement presentation, and disclosures associated with preferred and common stock, stock retirement, treasury stock, dividends, appropriation of retained earnings, stock splits, stock warrants (including fractional share warrants), and quasi-reorganization.
Field of Study: Accounting
CPE Hours: 2.0
|
2.0 |
$ 19.95 |
CPA |
Buy |
The full disclosure principle, one of 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 |
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. This course addresses the accounting and disclosure requirements related to derivative financial instruments (derivatives). Also addressed are selected disclosure requirements for other financial instruments, primarily those related to fair value and concentrations of credit risk.
Field of Study: Accounting
CPE Hours: 2.5
|
2.5 |
$ 24.95 |
CPA |
Buy |
Corporations must file income tax return following the guidelines developed by the IRS. Since GAAP and tax regulations differ in a number of ways, so frequently do pretax financial income and taxable income. In consequence, the amount that a company reports as tax expense will differ from the amount of taxes payable to the IRS. This course covers the basic guidelines that companies must follow in reporting income taxes and the disclosure requirement associated with deferred taxes, reviewing some of the concepts and items discussed in ASC 740, Income Taxes.
Field of Study: Accounting
CPE Hours: 2.5
|
2.5 |
$ 24.95 |
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 |
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 |
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 |
A statement of cash flows is required as part of a full set of financial statements. It must be prepared in conformity with generally accepted accounting principles (GAAP). The statement is not required if the financial statements are prepared on a basis of accounting other than GAAP. The statement must be included in both annual and interim financial statements. This course discusses the requirements of ASC 230, Statement of Cash Flows (ASC 230-10-45-18 and 45-27). ASC 958-205, Not-for-Profit Entities: Presentation of Financial Statements, requires the statement of cash flows for not-for-profit entities.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 24.95 |
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 dramatic impact on a company's financial statements. This course covers the accounting, reporting, and disclosures associated with changes in accounting principles (method), estimates, and reporting entities as stipulated in ASC 250-10-05, Accounting Changes and Error Corrections: Overall.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
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 |
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 a comprehensive survey of fair value accounting with a discussion of: (1) ASC 820, Fair Value Measurements and Disclosures, (2) A list of the financial statement items for which fair value reporting is required or allowed. (3) A variety of valuation models, and (4) Fair value disclosure requirements.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
This course discusses all of the important authoritative pronouncements on GAAP for entertainment industries. This course addresses accounting principles, financial reporting presentation requirements, required and recommended disclosures for the entertainment industries such as broadcast, cable television, film, and music.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
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 for debt and equity investments and disclosure requirements. To provide useful information, companies account for investments based on the type of security (debt or equity) and their intent with respect to the investment. The course organizes the study of investments by type of security. Within each section, it explains how the accounting for investments in debt and equity securities varies according to management intent.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
This course discusses the accounting, reporting, and disclosures associated with both current and long-term liabilities on the balance sheet. A liability is a legal debt or obligation that arises during the course of business operations. A current liability, such as accounts payable, is payable within one year. A long-term liability, such as bonds payable, long-term loan, and capital lease, is an obligation that is not due within one year of the date of the balance sheet. This course includes items covered in ASC 210-10-45-5 through 45-12, Balance Sheet: Overall and 470-10, Debt: Overall. Topics cover loss contingencies, compensated absences, termination benefits, troubled debt restructuring, refinancing of current to noncurrent debt, callable obligations by creditors, issuance of bonds, calling debt, imputing interest on noninterest notes payable, environmental liabilities, and offsetting of liabilities.
Field of Study: Accounting
CPE Hours: 3.0
|
3.0 |
$ 27.95 |
CPA |
Buy |
This course focuses on an analysis of the corporate annual report. It help 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 perform financial ratio and cash flow analyses.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
This course reviews the two standards reflected in the Codification as ASC 805, Business Combinations, and ASC 810, Consolidation. These statements, which require prospective treatment for business combinations having fiscal years beginning after December 15, 2008, mandate what is referred to as the acquisition method.
This course emphasizes both the theory and practice relating the acquisition method standards. A comparison of old (e.g., poolings of interest and purchase methods) and acquisition method rules will prepare practitioners for dealing with the variety of practices they will encounter at their clients or employers. This course also addresses the preparation of consolidated financial statements, the appropriate treatment of the costs affecting a combination, and other related issues.
Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.
Field of Study: Accounting
CPE Hours: 4.0
|
4.0 |
$ 29.95 |
CPA |
Buy |
The pension fund is a separate legal and accounting entity. Although a company is not required to have a pension plan, if it does it must follow financial accounting standards and government accounting and presentation dictates. The major types of pension plans are defined contribution and defined benefit. The course presents reporting by a trustee for the plan, including the requirements surrounding pension plan financial statements. The accounting for settlements, curtailments, and terminations is presented. Postretirement benefit plans other than pensions are also discussed. Finally, the accounting and reporting for postemployment benefits are presented.
Field of Study: Accounting
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.
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 - Govenment
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 additional GAGAS standards for performing and reporting on financial audits and attestation engagements. It focuses on the current version of the Yellow Book, Government Auditing Standards: 2018 Revision.
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 control environment of the governmental internal control framework, as discussed within the GAO Green Book. The GAO Green Book standards describe the control environment as the foundation for a system of internal controls, providing the discipline and structure needed to help an entity reach its objectives. The course takes an in-depth look at the 5 key principles that the GAO recommends must be in place for an entity's internal control environment to be considered effective.
Field of Study: Auditing - Government
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
A series of corporate scandals where employees, investors, and other stakeholders suffered tremendous loss have made the world aware of the severity of financial statement fraud. It is a global scourge that harms the reputations of all industries and costs trillions of dollars in worldwide damages each year. Fraud is a persistent fact of business life. The risks of fraud are only increasing fueled by changes in corporate culture, competitive markets, and periods of economic difficulty. Effective fraud prevention and detection begin with awareness. The goal of this course is to enhance professionals' abilities to recognize the fraudulent activities and develop strategies to deter the misconduct.
This course 1) reviews the basic financial reporting principles; 2) identifies the common shenanigans demonstrated with a series of real-life cases; 3) discusses the motivations and opportunities driving fraudsters and types of companies likely to "cook the books"; 4) recognizes symptoms of deceptive accounting practices; and 5) addresses strategies that reduce the possibility of misstatement.
Field of Study: Auditing
CPE Hours: 4.0
|
4.0 |
$ 34.95 |
CPA |
Buy |
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 |
CPA |
Buy |
This course discusses generally accepted accounting principles (GAAP) for reporting assets on the balance sheet. An asset is an item of economic value that is expected to yield a benefit to the owing entity in future periods. Assets are classified as being either current or noncurrent assets. 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 includes a discussion of both current and noncurrent assets. For example, promulgated GAAP for current assets is provided in ASC 210-10-45-1 through 45-4, Balance Sheet: Overall. Receivables are covered in ASC 310 Receivables comprising nonrefundable fees, loans and debt securities, and troubled debt restructurings by creditors. Guidance on the accounting and reporting of inventory is provided in ASC 330 Inventory. ASC 360 Property, Plant, and Equipment provides guidance on accounting for long-lived tangle assets such as land and land improvements, buildings, and equipment.
Field of Study: Accounting
CPE Hours: 4.5
|
4.5 |
$ 39.95 |
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 International Financial Reporting Standards (IFRS) is the framework used by many publicly traded companies around the world today to report their financial results. With support from important constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from the accounting and reporting framework currently in place in the United States to IFRS. In an effort to better understand how convergence will affect financial reporting in the United States, this course provides an overview, by accounting area, of similarities and differences between U.S. GAAP and IFRS. It highlights differences most commonly found in current practice that may affect a converting entity's financial statements. It also provides an overview of significant completed convergence projects in the accounting standards.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
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
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires NFPOs to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) ---colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, and recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.
Field of Study: Accounting
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
CPA |
Buy |
The Governmental Accounting Standards Board (GASB) was established in 1984. The GASB develops and issues accounting standards for state and local governments. When the GASB was formed, the first standard issued (GASB Statement No.1) gave authoritative status to the in-force and currently effective National Council of Government Accounting (NCGA) pronouncements and the AICPA Industry Audit Guide. The GASB issued additional accounting and financial reporting standards for state and local governments from 1984 through 2014. As of December 31, 2014 the GASB codified all accounting and reporting standards for state and local governments currently effective as of that date. Additions or amendments to the standards are added to the Codification.
The current GASB accounting and reporting standards are codified and organized into five parts: Part I - General Principles; Part II - Financial Reporting; Part III - Measurement; Part IV - Specific Balance Sheet and Operating Statement Items; and Part V - Stand-Alone Reporting and Specialized Units and Activities.
Parts I-III follow a textbook-type format and present topics of general interest in accounting and financial reporting. The organization of Parts I and II is based on the twelve basic principles of accounting and financial reporting established by the National Council of Government Accounting (NCGA Statement 1). This course will focus on Parts I and II, the basic principles of accounting and financial reporting for state and local governments.
Field of Study: Accounting - Government
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
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 risk assessment and control activities, as discussed within the GAO Green Book. Management of any governmental agency should assess the risks facing its organization as it seeks to achieve the organization's objectives. This assessment will provide the basis for developing appropriate risk responses. Control activities are the actions management establishes through policies and procedures to achieve objectives and respond to risks, which includes actions to address risks associated with the entity's information system.
Field of Study: Auditing - Governmental
CPE Hours: 5.0
|
5.0 |
$ 43.95 |
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 |
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 |
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 such as Nokia, Lucent Technologies, energy, and internet-related businesses conducted questionable practices.
This course examines developments in finance and accounting and a series of corporate accounting scandals on the heels of the Enron debacle that have led to current sweeping accounting guidelines, proposals, and legislation-most notably, the Sarbanes-Oxley (SOX) Act. Many of the issues surrounding the SOX Act-especially Section 404, Internal Control over Financial Reporting and Sections 302 and 906, Management Certifications -are discussed. The general issues on corporate governance and corporate social responsibility (CSR), including stock option expensing, are also covered.
Field of Study: Auditing
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
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: 6.0
|
6.0 |
$ 49.95 |
CPA |
Buy |
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 not just changes 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 |
Buy |
Cybercrime continues to escalate, ranking as one of the most reported economic crimes in the U.S. The interconnectivity of people, devices and organizations in today's digital world opens up a whole new playing field of vulnerabilities and access points where cybercriminals can enter. In today's cybercrime environment, the issue is not whether a business will be compromised, but rather how successful an attack will be.
This course covers digital technology as it continues to transform and disrupt the business world, exposing organizations to both opportunities and threats. Key elements of an effective cybersecurity risk management, including an awareness of risks and vulnerabilities, understanding of cyber risks, implementation of an effective framework, and the detection of and response to cyberattacks. The challenges, such as the leadership engagement and the approach to managing cyber risks, are discussed, along with government's efforts to address cybersecurity vulnerabilities of the nation, businesses, and individuals.
Field of Study: Auditing
CPE Hours: 6.0
|
6.0 |
$ 49.95 |
CPA |
Buy |
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 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 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 |
CPA |
Buy |
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (ASC 842), which will replace the prior lease guidance in 2019 by providing new requirements of financial accounting and reporting for lessees and lessors. This new standard represents the first comprehensive overhaul of lease accounting since FAS 13 was issued in 1976. The new guidance will affect entities across all industries because most companies enter into contracts that contain leases to support their business operations. Lessees will likely see the most significant changes as they are required to recognize substantially all leases on their balance sheets with a corresponding right-of-use asset. While lessor accounting remains similar to previous guidance in most respects, there are some important changes. For example, certain principles of the lessor model are updated to align with changes to the lessee model and the new revenue recognition standard (ASC 606).
The new lease guidance introduces significant changes to lease accounting, such as lessees' recognition of lease assets and liabilities, an exception for short-term leases, elimination of leveraged leases, new criteria for reporting sale leaseback transactions, increased use of judgment, and expansive disclosures. Moreover, entities are required to use a modified retrospective approach to reflect the effect of the new guidance in the earliest year presented in the financial statements. As a result, implementation of ASC 842 could have significant impact on companies' financial operations - from general accounting and financial reporting, treasury, IT systems, tax, budgeting to forecasting functions. The change in lease standard presents both a challenge and an opportunity to enhance internal control and optimize the lease accounting and administration processes.
To minimize disruptive missteps and costly noncompliance, entities need to take a timely and thorough approach. This course is designed to help you navigate the complexities of this standard, identify the implications of it, and prepare for transition and implementation. It provides a working knowledge of the fundamentals of lease standard that can be applied, regardless of the company size, in the real world.
Field of Study: Accounting
CPE Hours: 7.0
|
7.0 |
$ 54.95 |
CPA |
Buy |
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.
Field of Study: Auditing
CPE Hours: 7.0
|
7.0 |
$ 54.95 |
CPA |
Buy |
Fixed 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 of the 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. Fixed Assets: Reporting and Analyzing is designed to address the key accounting principles and concepts of fixed 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 fixed 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 fixed 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 regarding fixed assets?
* 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 |
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; cast 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 |
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 |
This course explains the significant changes made to auditing standards by the Auditing Standards Board's 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 auditing standards.
Field of Study: Auditing
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
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, topics include and 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.
Field of Study: Accounting (4 CPE), Auditing (4 CPE)
CPE Hours: 8.0
|
8.0 |
$ 49.95 |
CPA |
Buy |
The introduction of 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 is 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 COSO Framework. The course not only addresses the theoretical concept of the internal control systems 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.
Field of Study: Auditing
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
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 - Government
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
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 |
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: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
The course is intended to explain and illustrate so as to develop a deeper understanding of an audit conducted in compliance with auditing standards. It covered both core concepts and practical guidance. For example, it includes topics are essential for auditors to enhance their auditing skills or for non-auditors eager to gain an understanding of the audit function. It also provides guidance to auditors in rendering services to their varied clients with a practical "how-to" audit approach that will establish a foundation for the credibility of an auditors' work. Specifically, the course incorporates and reflects up-to-date guidance from the PCAOB, the AICPA, and the GAO. It emphasizes the importance of the audit independence and transparency of audit participants. It explores various audit techniques required for effective audits. It explains how to identify, assess, and respond to common risks in auditing. It offers a detailed examination of common internal control strategies. It also highlights the key procedures required auditors to attest to management's disclosures regarding the effectiveness of its internal controls in integrated audits.
Field of Study: Auditing
CPE Hours: 8.0
|
8.0 |
$ 59.95 |
CPA |
Buy |
This course provides a detailed overview of major nonprofit areas for the finance professional or board member. This publication is a great resource for any new controller, manager, board member, or CFO working in the nonprofit sector. Each chapter covers an important topic within the nonprofit world, combining theory and practical information to make the issues clear and simple. The material is based on IRS, Financial Accounting Standards Board (FASB), and other government publications, including the "Super Circular," the new federal grant guide. Please note that, like everything in life, things change, and you must keep up with the modifications in the law and accounting regulations.
Field of Study: Accounting
CPE Hours: 9.0
|
9.0 |
$ 65.95 |
CPA |
Buy |
The purpose of this course is to review the factors that led to the demise of Enron. This course also looks at the aftermath of Enron including changes that have been made to accounting, auditing and SEC rules as a direct result of those issues identified as existing in Enron. This course reviews the GAAP rules in effect at the time of the Enron abuses, at the Enron case with particular emphasis on the four special purpose entities that led to Enron's restatement of its financial statements and its ultimate bankruptcy filing. It also looks at the aftermath of Enron including the Sarbanes Oxley Act of 2002 and its rules affecting auditors and accountants, and the new consolidation rules related to variable interest entities (VIEs) which require that certain off-balance sheet entities be consolidated.
Field of Study: Auditing
CPE Hours: 10.0
|
10.0 |
$ 69.95 |
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: 10.0
|
10.0 |
$ 69.95 |
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. 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. 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. The course also discusses SSARS No. 22, Compilation of Pro Forma Financial Information.
Field of Study: Auditing
CPE Hours: 10.0
|
10.0 |
$ 69.95 |
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.
Field of Study: Accounting
CPE Hours: 10.0
|
10.0 |
$ 69.95 |
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 |
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 covers what 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 not had formal training in finance or accounting-perhaps a newly promoted middle manager or a marketing manager of a small company who must know some basic finance concepts. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea 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 |
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 |
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 take a 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 forecasts 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 the concepts of web-based software packages 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).
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
The world of the CFO is in constant flux; today's CFO is tomorrow's CEO or chairman. The contemporary CFO should be at the elbow of the CEO, as a strategic partner and advisor. To fulfill the expectations and effectively operate as a key member of the leadership team, CFOs need a broad perspective and a wide set of capabilities and skills. This course is designed to help CFOs and future aspiring CFOs in enhancing competence through learning the tools and techniques that support sustainable business success. It also shares good practices and ideas that apply in performing a CFO role.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
CPA |
Buy |
The objective of this course is to review the latest developments affecting audit engagements. Part of planning an audit involves consideration of the business and economic environment in which the client operates. Thus, auditors need to be aware of the various types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. In addition to applying techniques to limit their liability to their clients and third parties, auditors are confronting other major problems facing the accounting field, including compliance with the Sarbanes-Oxley Act. The peer review comments and new auditing statements provide further guidance on current issues. To deal with the volatility in the business climate, auditors should focus their efforts in key areas and should take lessons from litigation. Additionally, in this course, auditors will learn how to perform more efficient engagements, understand the guidance found in SAS Nos. 131 to 133 and SSAE No. 18, and much more. The course focuses recalling, recognizing and identifying rules related to auditing standards including new developments pertaining to those standards.
Field of Study: Auditing
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
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.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
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 |
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, practice issues, and more.
Field of Study: Accounting
CPE Hours: 16.0
|
16.0 |
$ 99.95 |
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.
Section I of this course consists of an overview of SSARS No. 21, as amended by 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. 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. The course also discusses SSARS No. 22, Compilation of Pro Forma Financial Information.
Section II 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, 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
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20.0 |
$ 109.95 |
CPA |
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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
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24.0 |
$ 109.95 |
CPA |
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