CPE Live Course Catalog

Transcription

1 CPE Live Course Catalog

2 Contacts for CPE Information State Societies Accounting & Auditing Seminars: Helene Gomes Seminar Scheduler, CPE Catalog In-House All Seminars: AnnMarie Meyer All In-House Seminars Desiree Smith Seminar Administrator, CPE Materials Tax Seminars: Cassandra Jewell Seminar Administrator & Scheduler, CPE Materials ext Other Loscalzo Team Members Amanda Shepherd, CPA Product Director Operations Management Kenneth Heaslip, MS, MBA, CPA, CGMA Content and Instruction Specialist Jesse Fromosky Billing x3781 Maddalena Nava Course Production Teresa Viana Course Production Contact Us

3 DEAR CLIENTS, We re proud to announce the release of our 2018 Loscalzo CPE catalog! Based on your needs, we integrated a comprehensive inventory of tax courses into our catalog last year, and this year we ve added many new courses to our existing base of quality programs. Loscalzo Institute, a Kaplan company, has been in business for over 30 years and continues to pride itself on providing the highest quality in live CPE courses. You ll enjoy relevant courses delivered by some of the best instructors who are subject matter experts, providing their theoretical guidance and practical experience. In this year s catalog, you ll find new technology courses that address hot topics related to data analytics and cybersecurity as they pertain to the accounting profession. Data analytic techniques are becoming increasingly important. When you effectively analyze the massive amount of data that is now available, you ll get more meaningful results in a more efficient manner. Also, protecting information in accounting records through cybersecurity awareness is critical in the current environment. Another key benefit of the 2018 catalog is the new Merger and Acquisition Planning and Best Practices course. Learning how to apply acquisition accounting rules is important, but actually performing due diligence, analyzing the overall financial model, and executing the various acquisition agreements requires a different knowledge base and skill set. While reviewing our course offerings, you will notice that we have expanded our course list to include pervasive topics like lean. The new lean accounting course is a must-see! You ll also find new best practices courses: Accounting Firm Best Practices will provide a host of valuable insight for accounting firms. Professional Services Using QuickBooks information will be useful for those firms providing services to clients who use QuickBooks. The catalog wouldn t be complete without these other valuable new programs, covering the following topics: An overview of the SEC s financial reporting and disclosure requirements Healthcare and tax reform issues New partnership tax return examination rules New Yellow Book requirements In addition, our revenue recognition course has been updated to meet the new standards and industry practices. You ll also find a new module specific to the tax implications of the new revenue recognition guidance, which could catch accountants off guard if they re not properly informed. In order to customize trainings to match your needs, we re working toward program modularization by breaking down more of our full day courses into smaller sessions, making it easier for you to mix and match topics. We look forward to working with you and sincerely hope you re enjoying our classic core programs, our newly added tax courses, and our new 2018 programs. Wishing you a wonderful year of CPE courses! Amanda D. Shepherd, CPA Director, Loscalzo Institute 3

4 TABLE OF CONTENTS Contact Us...2 Accounting and Auditing Programs Hour Programs Entry Level Staff A&A Staff Level 1 (SL1) Experienced Staff A&A Staff Level 2 (SL2) In-Charge Staff A&A Staff Level 3 (SL3) Hour Programs 2018 FASB and AICPA Update NEW! (FAU) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) An Overview of the SEC s Financial Reporting and Disclosure Requirements NEW! (SEC1) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) FAQ Accounting and Auditing (FAQAA) Fraud (FRAUD) GAAP for Industry (GAAPI) GAAP for the CPA (GAAPC) Improve Your Accounting and Finance Teams Effectiveness (IAF) Lease Accounting Workshop NEW! (LAW) Merger and Acquisition Planning and Best Practices NEW! (MAP) Revenue from Contracts with Customers (ASU , As Amended) NEW! (REV) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Understanding and Testing Internal Control (UTIC) Hour Programs Accounting and Auditing Updates NEW! (AAU4) Accounting for the Lean Enterprise NEW! (ALE4) Analytical Procedures Workshop (APW4) Table of of Contents

5 TABLE OF CONTENTS 4-Hour Programs (continued) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4) Attestation Standards (AS4) Compilation and Review Practice Guide (CRP4) Deceptive Accounting Practices (DAP4) External Fraud (EF4) Fair Value: Measurement (FV4) FAQ Audit Issues (FAQAI4) FAQ GAAP Financial Statements (FAQG4) Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) Improve Your Accounting and Finance Teams Effectiveness (IAF4) Internal Fraud (IF4) Lease Accounting in Transition NEW! (LAT4) Pitfalls and Problems in Financial Statement Disclosures (PPF4) Planning Cost Efficient and Effective Audits (PCE4) Professional Services Using QuickBooks NEW! (PSQ4) Revenue from Contracts with Customers (ASU , As Amended) NEW! (REV4) Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) Hour Programs Accounting for Income Taxes (AIT2) Analytical Procedures for Reviews and Audits (APR2) Analyzing Financial Statements A Guide (AFS2) Dangers of Improper Revenue Recognition (DIR2) Derivatives and Hedging (DH2) Efficiency and Effectiveness in Documentation Review (EED2) FASB Updates NEW! (FASB2) Meeting Documentation Requirements in Your Workpapers (MDR2) Nonstatistical Sampling for Efficient Audits (NSE2) Peer Review Deficiencies How to Solve Them? (PRD2) Recent Compilation and Review Issues (CRP2) Related Party Transactions A Recurring Issue (RPT2) Statement of Cash Flows (SCF2) Variable Interest Entities and Related Party Leases (VIE2) Table of Contents 5

6 TABLE OF CONTENTS Employee Benefit Plan Programs Hour Programs 2018 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) Ethics Hour Programs Professional Ethics for CPAs (ETHICS4) Professional Ethics for Connecticut CPAs (ETHICSCT4) Professional Ethics for Delaware CPAs (ETHICSDE4) Professional Ethics for Massachusetts CPAs (ETHICSMA4) Professional Ethics for New Jersey CPAs (ETHICSNJ4) Professional Ethics for New York CPAs (ETHICSNY4) Professional Ethics for Vermont CPAs (ETHICSVT4) State Accounting Ethics with Emphasis on Tax Practice Issues for Arizona (STET4) Tax Practitioner Responsibilities and Ethics NEW! (TAXE4) Information Technology Programs Hour Programs Data Analytics NEW! (DATA) Hour Programs Cybersecurity Awareness and Assurance NEW! (CYBA4) Data Analytics NEW! (DATA4) Hour Programs Cybersecurity Awareness and Assurance NEW! (CYBA2) Governmental and Not-For-Profit Programs Hour Programs Compliance Auditing from Start to Finish (CAS) Compliance Auditing: Questions from the Field (CAQ) Essentials of Nonprofit Auditing (ENA) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues NEW! (FAQNP) Table of Contents

7 TABLE OF CONTENTS 8-Hour Programs (continued) Nonprofit, Government and Compliance Update NEW! (NGCU) Nonprofit Industry Update and GAAP Refresher NEW! (NIU) Hour Programs Government Auditing Standards (2017) NEW! (GAS4) Governmental Update NEW! (GU4) Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) Nonprofit GAAP Refresher NEW! (NGR4) Hour Programs Not-for-Profit Update NEW! (NFPU2) Uniform Guidance Compliance Update NEW! (UGC2) Non-Technical Programs Hour Program Business Communication (BC) Hour Program Accounting Firm Best Practices NEW! (AFB4) Tax Programs Hour Programs Tax Staff Training Advanced Issues (TSTA) Tax Staff Training Business (TSTB) Tax Staff Training Individual (TSTI) Hour Programs Accounting Methods as a Tax Planning Service: Filing Form 3115 to Save Taxes (AMTP) Advanced Partnership Issues, Featuring the New Partnership Audit Regime NEW! (APIA) Advanced Tax Practice (ATP) Advanced Tax Update for Experienced Practitioners (ATU) Assisting Survivors: CPA s Role in the Decedent s Estate (ASDE) Business & Industry Tax Update (BITU) C Corporation: Advanced (CCA) Church and Minister Taxation (CMT) Table of Contents 7

8 TABLE OF CONTENTS 8-Hour Programs (continued) Construction Contractors: Special Tax and Accounting Considerations (CCST) Corporate Taxation: Subchapter C for C Corporation or S Corporation (CTSC) CPA Succession Planning (CPAS) Current Federal Tax Developments (CFTD) Depreciation, Repairs, and Fixed Assets: Tax Considerations (DRFA) Estate and Gift Taxation: Planning and Compliance (EGTP) Ethics and Quality Control in Tax Practice (EQCT) Federal Tax Update for Industry (FTUI) Financial, Estate, and Tax Planning for Individuals Over 55 (FET) Financial Planning Strategies for Life Wealth Cycles (FPWC) Fringe Benefits 2018 (FB) Health Care and Taxes: Where Are We Now? NEW! (HCT) HSAs, HRAs, and FSAs: Health Care Options After Affordable Care (HSA) Income Taxation of Trust and Estates: Planning and Preparation of Form 1041 (ITTE) Introduction to Partnership Taxation (IPT) Introduction to U.S. Taxation of International Transactions (IIT) IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP) Multi-State Taxation of Businesses (MSTB) Navigating Divorce: Tax & Litigation Issues (NDTL) Oil and Gas Taxation: Advanced Issues (OGAI) Oil and Gas Taxation: Nuts & Bolts (OGNB) Partnership and LLC Taxation: Advanced Issues (PTAI) Partnership/ S Corporation Basis and Distribution Issues (PSBD) Pass-Through Entities: Advanced Tax Issues (PTEA) Preparing Complex 1040s (PCR) Preparing Form 1041: Getting It Right (PF41) Preparing Form 1065: Dealing with the Complexities (PF65) Preparing Form 1120S: Eliminating Common Mistakes (PF0S) Real Estate Partnerships: Get In, Get Out, Get Taxed (REPG) Red Flag Issues: Areas the IRS Attacks in Examination (RFI) Table of Contents

9 8-Hour Programs (continued) TABLE OF CONTENTS S Corporations: Advanced Issues (SCAI) Social Security: Advanced Training (SSAE) Social Security Benefits: Advising Clients (SSB) Streamlined Tax Staff Training Business (STSB) Streamlined Tax Staff Training Complex Return Issues (STCR) Streamlined Tax Staff Training Individual (STSI) Streamlined Tax Staff Training Tax Research and Quality Control Issues (STRQ) Tax Aspects of Bankruptcy: All Need Not Be Lost (TAOB) Tax Exempt Organizations: Advanced Planning and Compliance For Tax Matters (TEOA) Tax Exempt Organizations: Basic Issues for Operating, Organizing, and Preparing Forms (TEOB) Tax Research: Sources, Methods, and Documentation (TRSM) Tax Update for Financial Executives (TUFE) Hour Programs Adding Value for Clients via Retirement Programs NEW! (AVRP4) Alternative Minimum Tax The Real Federal Income Tax (AMT4) Estate Planning for the 99%: Portability and More NEW! (EPP4) Getting to the K-1: Partnership Allocations under 704(b) and 704(c) NEW! (GKPA4) Partnership Tax Exams: Getting Ready for the Major Changes NEW! (PTEGR4) Passive Activities: Enabling Clients to Survive an IRS Challenge NEW! (PAEC4) Tax Implications of the New Revenue Recognition Guidance (ASU , As Amended) NEW! (TINR4) Hour Programs Introducing Tax-Exempt Organization: What s the Purpose of It All? NEW! (ITEO2) Real Estate Capitalization and Expensing Rules NEW! (RECE2) Discussion Leaders References Table of Contents 9

10 ACCOUNTING AND AUDITING PROGRAMS 16-Hour Programs Entry Level Staff A&A Staff Level 1 (SL1) Experienced Staff A&A Staff Level 2 (SL2) In-Charge Staff A&A Staff Level 3 (SL3) 8-Hour Programs 2018 FASB and AICPA Update NEW! (FAU) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) An Overview of the SEC s Financial Reporting and Disclosure Requirements NEW! (SEC1) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) FAQ Accounting and Auditing (FAQAA) Fraud (FRAUD) GAAP for Industry (GAAPI) GAAP for the CPA (GAAPC) Improve Your Accounting and Finance Teams Effectiveness (IAF) Lease Accounting Workshop NEW! (LAW) Merger and Acquisition Planning and Best Practices NEW! (MAP) Revenue from Contracts with Customers (ASU , As Amended) NEW! (REV) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Understanding and Testing Internal Control (UTIC) 10 Accounting and Auditing Programs

11 ACCOUNTING AND AUDITING PROGRAMS 4-Hour Programs Accounting and Auditing Updates NEW! (AAU4) Accounting for the Lean Enterprise NEW! (ALE4) Analytical Procedures Workshop (APW4) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4) Attestation Standards (AS4) Compilation and Review Practice Guide (CRP4) Deceptive Accounting Practices (DAP4) External Fraud (EF4) Fair Value: Measurement (FV4) FAQ Audit Issues (FAQAI4) FAQ GAAP Financial Statements (FAQG4) Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) Improve Your Accounting and Finance Teams Effectiveness (IAF4) Internal Fraud (IF4) Lease Accounting in Transition NEW! (LAT4) Pitfalls and Problems in Financial Statement Disclosures (PPF4) Planning Cost Efficient and Effective Audits (PCE4) Professional Services Using QuickBooks NEW! (PSQ4) Revenue from Contracts with Customers (ASU , As Amended) NEW! (REV4) Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) 2-Hour Programs Accounting for Income Taxes (AIT2) Analytical Procedures for Reviews and Audits (APR2) Analyzing Financial Statements A Guide (AFS2) Dangers of Improper Revenue Recognition (DIR2) Derivatives and Hedging (DH2) Efficiency and Effectiveness in Documentation Review (EED2) FASB Updates NEW! (FASB2) Meeting Documentation Requirements in Your Workpapers (MDR2) Nonstatistical Sampling for Efficient Audits (NSE2) Peer Review Deficiencies How to Solve Them? (PRD2) Recent Compilation and Review Issues (CRP2) Related Party Transactions A Recurring Issue (RPT2) Statement of Cash Flows (SCF2) Variable Interest Entities and Related Party Leases (VIE2) Accounting and Auditing Programs 11

12 Entry Level Staff A&A Staff Level 1 (SL1) 16-Hour Program Bridge the gap between academia and practice. Public accounting requires a high level of technical competency which begins the first day of hire and continues throughout a professional s career. The rapid pace of the changing world of accounting requires new technical knowledge with each addition to the professional standards. The academic environment prepares graduates with a level of conceptual knowledge. Upon entering public accounting practice, firms must transition that knowledge of concepts into practical application for staff to develop quickly with the level of technical competency required by the professional standards. Entry level staff accountants. Public accounting firms that want to develop newly-hired staff quickly with opportunities for advancement find that a consistent, continual formal training combined with practical application on the job will provide the best opportunity for quality performance. This is the first of three levels of staff development to begin the process. To provide guidance and hands-on experience with case studies to staff in their technical development and enhance performance required by the standards. Professional standards Understanding the similarities and differences between preparation, compilation, review and audit services Financial reporting frameworks Procedure requirements of preparation, compilation, review and audit engagements Documentation required for all levels of service Use and application of analytical procedures Focus on preparing documentation properly SL1 Basic months experience. Basic knowledge of SSARSs and SASs Accounting Auditing Accounting: 8 hours Auditing: 8 hours Only 8-hour qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. 12 Accounting and Auditing Programs (16-Hour)

13 Experienced Staff A&A Staff Level 2 (SL2) 16-Hour Program This is the second of three levels in staff development that have been designed to provide continuing progress in the development for staff with more advanced and complex assignments with minimal supervision. The course will focus on the understanding and performance of the risk assessment process of the audit. Case studies will highlight best practices on the areas of analytical procedures, internal controls and walk-throughs. Since this experience level will be expected to assist more with the notes to the financial statements, a detailed discussion will provide a basic knowledge and examples of required disclosures for a U.S. GAAP or special purpose framework financial statement. Experienced level staff accountants that have participated in an audit engagement. As staff gain experience, the planning and reporting phase of an engagement become more complex and will require technical performance with minimum supervision. This course will provide insight into the expectation of this level of performance. To provide guidance and hands-on experience with case studies to staff in their technical development and enhanced performance required by the firm. Requirements of the risk assessment phase of an audit Identification of risk of error, including fraud Understanding of the linkage requirement with further audit procedures Application of analytical procedures for planning Documentation required for analytical procedures Adequacy and reliability of evidence Presentation and disclosure requirements Examples of disclosure of required accounting policies Common peer review deficiencies SL2 Intermediate months experience. Knowledge of U.S. GAAP, audit standards and participated on an audit engagement Accounting Auditing Accounting: 8 hours Auditing: 8 hours Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. Accounting and Auditing Programs (16-Hour) 13

14 In-Charge Staff A&A Staff Level 3 (SL3) 16-Hour Program This is the third of three levels in staff development that have been designed to provide continuing progress in the development for staff. The course will focus on the need to plan effectively and consider efficiencies to manage an engagement. Beside mastering the technical knowledge, responsibility is now added to train and supervise assistants. The in-charge will now be responsible for supervision, training and review of the documentation accumulated in an engagement. Accountants that have participated in several audit engagements. As staff gain experience, the planning and reporting phases of an engagement become more complex and will require the in-charge to develop skills to manage an engagement including consideration of review of documentation and supervision of assistants. This course will provide insight into the expectation of this expanded level of performance. To provide guidance and hands-on experience with case studies, to adequately plan, supervise assistants and review documentation that supports the report. Role and responsibilities of the in-charge accountant Planning cost efficient and effective audits Managing an engagement for profitability Reviewing and applying the linkage requirement with further audit procedures Using analytical procedures for substantive testing Documentation required for substantive testing using analytical procedures Sufficiency and reliability of evidence Reviewing documentation utilizing case studies Writing and resolving review comments Assistant training and supervision Common peer review deficiencies SL3 Intermediate 24+ months experience. Knowledge of U.S. GAAP, audit and SSARS standards and participated on several audit engagements Accounting Auditing Accounting: 8 hours Auditing: 8 hours Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. 14 Accounting and Auditing Programs (16-Hour)

15 2018 FASB and AICPA Update (FAU) NEW! 8-Hour Program Loscalzo s most popular course is a must to keep you on top of the continuing changes in the profession. Whether these changes are in technical standards or professional standards, the course authors will evaluate and emphasize those changes with broad application and offer detailed practical guidance and illustrations. All firms, all staff, all CPAs; all accountants needing a good year-round update on recently issued standards. Participants will be able to apply the changes and discuss the issues surrounding recently issued accounting, auditing, preparation, compilation and review pronouncements, and relevant proposals. This program focuses on all things the accounting professional should be aware of including: Accounting standard updates FASB projects Private company issues Audit service issues ARSC initiatives, preparation, compilation and review updates and initiatives AICPA activities and profession update Section on auditing standards qualifies for the 24-hour Yellow Book requirement. Section on specific accounting standards qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. FAU Update Basic audit and accounting course or experience Accounting Auditing Accounting: 5 hours Auditing: 3 hours NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: 2018 FASB and AICPA Update NEW! (FAU) Accounting and Auditing Updates NEW! (AAU4) FASB Update NEW! (FASB2) Accounting and Auditing Programs (8-Hour) 15

16 Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) 8-Hour Program (Great industry course) Take analysis to a new level by building upon traditional financial statement analytical techniques through incorporating cash flow measurements. Recognizing strengths and limitations of accrual accounting-based analytical approaches when performing financial statement analysis. This program utilizes cases ranging from public companies to small private companies to assess profitability, liquidity, and resource management efficiency. Industry CPAs, accountants, and financial professionals who analyze financial results to evaluate operational performance, perform acquisition due diligence, and develop business strategies. Practice CPAs that perform a risk assessment as a part of audit planning. Apply traditional financial statement analysis techniques for specific entities and project objectives Use cash flow statements and cash-based ratios to find the real meaning behind accrual-based data Assess reported earnings quality Incorporate industry metric comparisons for benchmarking and best-practices analysis Reading between the lines what the numbers really mean Which financial ratios tell the true story Performing horizontal and vertical analysis Impact of including information outside the financial statements on U.S. GAAP performance analysis Finding and using relevant industry data for large and small companies The importance of cash flows Cash flow analysis techniques Case studies AFS Basic Accounting 8 hours NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4) Analyzing Financial Statements A Guide (AFS2) 16 Accounting and Auditing Programs (8-Hour)

17 An Overview of the SEC s Financial Reporting and Disclosure Requirements (SEC1) NEW! 8-Hour Program (Great industry course) Oversight by the SEC of public company financial reporting is critical in maintaining an efficient market for investors by providing accurate and truthful information about reporting entities, the securities they are selling, and the risks involved in investing. This course is designed to provide participants with an overview of the laws that govern the securities industry including the financial reporting and disclosure requirements established by the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended. This program will make extensive use of the SEC s Financial Reporting Manual for the selection of program topics. This program was developed and will be presented from the perspective of the practitioner preparing and disclosing public company financial information necessary to comply with SEC regulations. Public company disclosure examples will be illustrated throughout this program. CPAs and other accounting professionals in industry and public practice. Describe the securities laws that regulate the issuance and trading of securities Identify and describe the filing requirements for form S-1 for registration statements Identify and describe the filing requirements for forms 10-Q, 10-K and 8-K Apply the guidance in the SEC s Financial Reporting Manual to selected topics of more relevance to practitioners SEC1 Intermediate Basic knowledge of U.S. GAAP Accounting 8 hours Overview of the SEC laws that govern the securities industry 10-Q, 10-K and 8-K filings Staff Accounting Bulletins (SABs) SEC disclosure requirements Comment letters Selected topics from the SEC s Financial Reporting Manual Accounting and Auditing Programs (8-Hour) 17

18 Compilation and Review Practice Guide (CRP) 8-Hour Program Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21 in AR-C Sections 60, 70, 80, and 90, as well as the changes made in SSARS 22 and 23. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS, while applying best practices for both efficiency and effectiveness. Practitioners who perform compilation and review engagements for non-public entities. Identify the performance requirements in the SSARS standards based on SSARS 21, 22 & 23 Effectively review engagements utilizing the guidance in AR-C Sections 60, 80, and 90 Effectively perform preparation engagements utilizing the guidance in AR-C Section 70 of SSARS 21 Efficiently document compilations and reviews following the documentation guidance in AR-C Sections 80 and 90 in SSARS 21, 22 & 23 Identify best practices when performing compilation and review engagements Address special purpose frameworks when performing compilation and review engagements SSARS Clarity Project Preparation of financial statements AR-C Sections 60, 70, 80, and 90 Compilation performance requirements Review performance requirements How to document and perform compilations and reviews Special purpose frameworks financial statements what they are and when they can be used Legal liability concerns and issues How to perform and document analytical procedures appropriately, including developing expectations Independence Non-attest services Common issues raised in peer reviews CRP Intermediate Basic familiarity with SSARS standards Auditing 8 hours NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: Compilation and Review Practice Guide (CRP) Compilation and Review Practice Guide (CRP4) Recent Compilation and Review Issues (CRP2) 18 Accounting and Auditing Programs (8-Hour)

19 Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs* (DRR) 8-Hour Program Don t join the growing list of accounting professionals in trouble. We will discuss: The accounting stories behind over 40 famous financial statement frauds, such as Fannie Mae, McAfee, Parmalat, Tyco, Waste Management, and WorldCom Deceptive accounting practices The warning signs of problems in areas such as revenue recognition, related parties, significant estimates, capital items versus expenses, choices among accounting methods, and improper activity to evade taxes Practitioners in industry and in public practice. Identify creative accounting practices used to deceive financial statement users Identify those risk characteristics normally associated with fraudulent financial reporting Emphasize improper revenue recognition practices and techniques to identify them Back to the basics U.S. GAAP revisited Live cases dealing with improper revenue recognition and other misleading practices When is revenue real Related parties and other off-balance sheet schemes Reserves, accruals, writedowns, and asset impairments Significant estimates Capitalized assets and inventory Fair value abuses DRR Basic Basic familiarity with accounting standards Accounting 8 hours *Emphasizes current revenue recognition issues. Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Deceptive Accounting Practices (DAP4) Dangers of Improper Revenue Recognition (DIR2) Accounting and Auditing Programs (8-Hour) 19

20 Disclosure The Key to Financial Statements (DKFS) 8-Hour Program (Great industry course) Keep your professional reputation stellar by making sure your financial statements are up-to-speed. This course will: Explain and illustrate disclosure requirements Clear up misconceptions on practice problems Correct disclosure deficiencies most frequently cited by peer reviewers Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public financial statements. This program is a must for those practitioners who will undergo peer review. Participants will be able to prepare disclosures necessary for privately held companies. This program does not discuss SEC requirements. Special emphasis is given to common disclosure deficiencies noted in practice Recent changes in subsequent events, going concern, loss contingencies, financial instruments, and fair value Risks and uncertainties and accounting policies Liabilities how debt violations impact classification Uncertain tax positions Accounting changes, error corrections, and other categories in the income statement Cash flow statements DKFS Basic Participants should be familiar with current accounting issues Accounting 8 hours Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. NOTE: This course is available as an 8-hour and 4-hour program: Disclosure The Key to Financial Statements (DKFS) Pitfalls and Problems in Financial Statement Disclosures (PPF4) 20 Accounting and Auditing Programs (8-Hour)

21 FAQ Accounting and Auditing (FAQAA) 8-Hour Program (Highly-rated Q&A format) This program hits the mark by reviewing real issues and questions asked prior to the session by accountants who are past attendees of our seminars. The manual includes approximately 70 live issues dealing with accounting and disclosures, preparation services, compilations, reviews, and audits. Get quick and practical solutions to issues that may confront you. Specific emphasis on issues associated with variable interest entities. Practitioners in public practice who need to keep on top of changing needs and current issues in the profession. Recognize issues impacting their clients Resolve emerging practice problems Address problems before they arise Accounting and disclosure issues cash and cash equivalents, capitalized costs, investments in closely-held entities, related and affiliated entities, variable interest entities, nonmonetary transactions, debt and equity transactions, and revenue recognition Preparation, compilation, and review issues documentation, interim reporting, special presentations and reports, special purpose framework Auditing and reporting issues inadequate accounting records, investments in closely-held entities, inventory, receivables and payables, sampling issues, and AU 265 Section on auditing and reporting qualifies for the 24-hour Yellow Book requirement. Section on accounting and disclosure qualifies for the 24-hour requirement if auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement. FAQAA Intermediate Basic audit and accounting course or experience Accounting Auditing Accounting: 5 hours Auditing: 3 hours NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: FAQ Accounting and Auditing (FAQAA) FAQ GAAP Financial Statements (FAQG4) Accounting and Auditing Programs (8-Hour) 21

22 Fraud (FRAUD) 8-Hour Program Years after some of the biggest scandals of all time (e.g., Enron, Waste Management, WorldCom), fraud continues to pose a significant threat to organizations of ALL sizes. From stealing petty cash to pulling off elaborate embezzlement and accounting schemes, companies need to enhance their defenses against this never-ending threat. This program focuses on the basics of how fraud is perpetrated and prevented and is a must have for CPAs in business. CPAs in public practice and industry. Identify the fraud problem Identify red flags Know how to report fraud Build an anti-fraud control environment Identify the audit requirements around fraud Types of fraud Identifying red flags of fraud Fraud prevention techniques The CPA practitioner s responsibility Basic detection tools and techniques FRAUD Basic Accounting 8 hours NOTE: This course is available as an 8-hour and 4-hour program: Fraud (FRAUD) External Fraud (EF4) Internal Fraud (IF4) 22 Accounting and Auditing Programs (8-Hour)

23 GAAP for Industry (GAAPI) 8-Hour Program (Great industry course) The requirements of U.S. GAAP are often complex and overwhelming for professionals who prepare financial statements. The complexities and constant changes to existing standards require diligence and focus. History shows that certain areas continue to pose challenges for many preparers. This program is specifically geared toward professionals in the accounting industry. We cover some of the more challenging areas in U.S. GAAP, including business combinations, goodwill and impairments, joint ventures, derivatives and hedging, as well as upcoming changes to revenue recognition, which will be a challenge to all! The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar. Accountants preparing financial statements. This course provides answers to some of the more complicated accounting issues preparers of industry financial statements face every day. Explain the accounting for specific U.S. GAAP requirements Apply troublesome pronouncements Business combinations Common derivative arrangements and hedging Goodwill and impairment losses Debt modifications and troubled debt restructuring Joint ventures and collaborative arrangements Stock-based compensation New revenue recognition lease and financial instrument standards GAAPI Basic Accounting 8 hours NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: GAAP for Industry (GAAPI) Fair Value: Measurement (FV4) Derivative and Hedging (DH2) Variable Interest Entities and Related Party Leases (VIE2) Accounting and Auditing Programs (8-Hour) 23

24 GAAP for the CPA (GAAPC) 8-Hour Program The complexity of U.S. GAAP continues to present challenges for the CPA. Constant changes to existing standards present major challenges and often result in more confusion than clarity. This program is specifically tailored to the CPA and covers the ins and outs of troublesome areas in existing U.S. GAAP, including income taxes, other comprehensive income, cash flows, fair value, impairments, and other common issues encountered by CPAs, with emphasis on U.S. GAAP alternatives promulgated by the Private Company Council. The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar. CPAs preparing financial statements. This course provides answers to some of the more complicated accounting issues facing the CPA. Explain the accounting for specific U.S. GAAP requirements Apply troublesome pronouncements Income taxes Other comprehensive income Cash flows Fair value accounting Impairments Variable interest entities Interest rate swaps Guarantees Concentrations U.S. GAAP alternatives for privately held companies New revenue recognition guidance, lease accounting, and financial instruments standards GAAPC Basic Accounting 8 hours NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program: GAAP for the CPA (GAAPC) Accounting for Income Taxes (AIT2) Statement of Cash Flows (SCF2) 24 Accounting and Auditing Programs (8-Hour)

25 Improve Your Accounting and Finance Teams Effectiveness (IAF) 8-Hour Program (Great industry course) This course is designed to help financial leaders of all sized entities improve their finance and accounting teams effectiveness and efficiency. It provides detailed practical guidance and illustrations, as well as synopses for specialized issues. Chief Financial Officers, Treasurers, and Controllers. This course can also be used as a refresher, by giving a broad overview of the critical pieces in leading and managing an organization s accounting and finance functions. Participants will be able to apply the knowledge they obtain in this program to their day-to-day operations of the financial close, cash management, forecasting, and operational dashboards, as well as the longer-term tasks of bank relationships, risk management, financial planning, budgeting, inventory control and costing, and accounts receivable management. The program focus is across companies financial support functions, with stronger emphasis on those items which drive an organization s cash management, financial planning and analysis, decision support, and managerial accounting needs. It provides practical process examples for dealing with the variety of items that come up in finance and accounting departments. This program also provides advice and examples for adding value through capital management and enabling growth. NOTE: This course is available as an 8-hour and 4-hour program: Improve Your Accounting and Finance Teams Effectiveness (IAF) Improve Your Accounting and Finance Teams Effectiveness (IAF4) IAF Intermediate Accounting experience Practical work experience in the accounting and finance functions Accounting 8 hours Accounting and Auditing Programs (8-Hour) 25

26 Lease Accounting Workshop (LAW) NEW! 8-Hour Program (Great industry course) FASB s new lease standard (ASU , Topic 842) makes significant changes in lessee accounting and disclosure. Lessor accounting only has minor changes from prior guidance. Effective in 2019 (or 2020 for nonpublic companies), most long-term leases will be capitalized on the balance sheet of lessees as right of use (RoU) assets and lease payment liabilities. This 8-hour program will take a deep dive into lease accounting based on the new guidance covering all aspects of lessee and lessor accounting and disclosures. It will also illustrate the accounting for finance and operating leases for both lessees and lessors and discuss related business implications of the new lease standard. A number of workshop cases are included for application and discussion purposes. Financial professionals in companies that are lessees or lessors, as well as auditors with clients that are lessees or lessors. Describe the new lease terminology including finance and operating leases Define a lease contract Identify and describe the recognition and measurement techniques for right of use (RoU) assets and lease payment liabilities Through the use of workshop cases, develop the expertise necessary to account for finance leases and operating leases by both lessees and lessors following the new lease guidance Definition of a lease Searching for embedded leases in contracts Operating leases Finance leases including lease classification Allocating consideration to lease components and non-lease components Identifying the proper lease term Interaction with revenue recognition rules Lease modifications and terminations Transition guidance Disclosures LAW Basic Prior exposure to lease accounting as a lessee or lessor will be helpful Accounting 8 hours 26 Accounting and Auditing Programs (8-Hour)

27 Merger and Acquisition Planning and Best Practices (MAP) NEW! 8-Hour Program (Great industry course) This program is designed to help individuals from first time buyers to veteran entrepreneurs navigate the acquisition process. It discusses practical ideas on finding potential targets, letters of intent (LOIs), the due diligence process, building the business case financial model, obtaining proper financing, negotiating the deal documents, and integration of the acquired entity. The course will cover how to build a plan, execute the acquisition process, and lead a team to be a successful acquirer of other business entities to grow revenue and enhance net income. CFOs, VPs of Finance and CPA advisors to assist business owners in the acquisition process of buying or selling a business. Participants will be able to lead their company through the entire merger or acquisition process after the completion of this course. Finding prospective targets Initial purchase price negotiation process LOIs getting more formal Entity purchase vs. asset purchase deals Due diligence not just the numbers - Numbers - Physical assets and buildings - Patents and other legal issues - Environmental testing and protecting yourself - Insurance - Human resources, employee benefits and pay structures - Sales and marketing - Sight visits and other investigative procedures - Confirm production capacity - Dealing with leaked information and non-disclosure agreements Return on investment model what to pay for and what not to pay for Financing the transaction Deal documents Financing documents Purchase accounting and goodwill entries, including step acquisitions Having an integration plan MAP Advanced Basic knowledge of business acquisition accounting Finance 8 hours Accounting and Auditing Programs (8-Hour) 27

28 Revenue from Contracts with Customers (ASU , As Amended) (REV) NEW! 8-Hour Program (Great industry course) (Available as a workshop) ASU , as amended (Topic 606) will impact most U.S. GAAP financial statements either due to measurement and recognition changes from legacy U.S. GAAP and/or additional disclosure requirements compared to prior guidance. This new 8-hour program will review the key provisions of the ASU, identify and apply the new five-step revenue recognition model with detailed examples/case studies for each step, describe the new disclosure requirements, as well as discuss transition and business implications of the new guidance. In addition, industry implementation guidance developed by the AICPA will be discussed. This program was developed and will be presented from the perspective of the practitioner preparing and disclosing the financial information necessary to comply with the new ASU. CPAs and other accounting professionals in industry and public practice. Recognize how the new revenue guidance differs from legacy revenue guidance Identify and describe the five steps involved in applying the new revenue recognition model Identify and describe the industry implementation guidance developed by the AICPA Identify and illustrate the increased disclosures required in the ASU for both public and nonpublic entities Identify the transition requirements to be applied upon the effective date of ASU , as amended REV Intermediate Basic knowledge of U.S. GAAP Accounting 8 hours Objectives and scope Five-step revenue recognition model Specialized topics Industry implementation guidance Presentation and disclosure Transition guidance and business implications This course is also available as a workshop. The workshop is ideal for audiences/participants who like to interact and get their hands into the detail or who are accustomed to working with teams. It is a combination of a lecture and a workshop, in which participants will be given situations to analyze and conclude on as part of a group. This type of format engages participants, provides for lively discussion points, and reinforces the overall understanding of the new standard. 28 Accounting and Auditing Programs (8-Hour)

29 Reviewing Documentation Effectively (RDE) 8-Hour Program (Includes Practice Aid) This course will cut down review time by helping participants: Understand the documentation issues caused by SSARS and the Risk Assessment Audit Standards Learn tips on how to quickly catch problems and motivate staff to correct them Motivate staff to correct documentation deficiencies Through a series of interactive cases, participants will get practice with reviewing engagement files. The in-charge accountant responsible for supervising the engagement. Perform an effective review of documentation Document the review process Communicate deficiencies to staff Differentiate between review responsibilities of an in-charge, supervisor, and partner Program illustrates how effective review of documentation can prevent peer review problems Documentation requirements under the risk assessment SASs and SSARS requirements Common documentation problems Approaches to workpaper review Effective communication techniques that boost morale, not deflate it Documentation of the review process Case studies dealing with live documentation problems for both reviews and audits RDE Basic Accounting 8 hours Accounting and Auditing Programs (8-Hour) 29