CPE Live Course Catalog

CPE Live Course Catalog 2017 Delaware & Pennsylvania www.loscalzo.com 732.945.0772 1

Table of Contents Accounting & Auditing Accounting & Auditing 3 2017 FASB and AICPA Update (FAU) 4 Compilation and Review Practice Guide (CRP) 5 Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) 6 Disclosure The Key to Financial Statements (DKFS) 7 Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Ethics for Delaware/Auditing 8 Professional Ethics For Delaware CPAs And Compilation and Review Practice Guide (DE-ETHICS4/CRP4) Ethics/Auditing 2017 FASB and AICPA Update (FAU) 8-Hour Program Loscalzo s most sought-after 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. FAU Update Basic audit and accounting course or experience Accounting and Auditing 10 Professional Ethics For CPAs And Compilation and Review Practice Guide (ETHICS4/CRP4) Not-for-Profit 12 Nonprofit Industry Update and GAAP Refresher (NIU) Tax 13 Current Federal Tax Developments (CFTD) 14 Partnership and LLC Taxation: Advanced Issues (PTAI) 15 Streamlined Tax Staff Training Business (STSB) This program focuses on all things the accounting professional should be aware of, including: Accounting standard updates; FASB/IASB convergence projects; Private company issues; Audit service issues; ARSC initiatives, preparation, compilation and review updates and initiatives, AICPA activities. Accounting: 5 hours Auditing: 3 hours 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. CPE Classroom Locations 16 Newark, DE; Cranberry Township, PA; and Trevose, PA Registration 17 Registration Information & Policies 19 Registration Form Oct 25 Trevose, PA John Fleming, CPA COST 2 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 3

Accounting & Auditing Accounting & Auditing 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. 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 21, 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, and 23 Effectively perform compilation and review engagements utilizing the guidance in AR-C Sections 60, 80, and 90 of SSARS 21, 22, and 23 Effectively perform preparation engagements utilizing the guidance in AR-C Section 70 of SSARS 21, 22, and 23 Efficiently document compilations and reviews following the documentation guidance in AR-C Sections 80 and 90 in SSARS 21, 22, and 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 CRP Intermediate Basic familarity with SSARS standards Auditing Auditing: 8 hours 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 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 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 Accounting: 8 hours Oct 30 Trevose, PA James Newhard, CPA COST Nov 15 Newark, DE Mark Mishler, CPA COST 4 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 5

Accounting & Auditing Accounting & Auditing 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 practitioners who will undergo peer review. Participants will be able to prepare disclosures necessary for privately-held companies. DKFS Basic Participants should be familiar with current accounting issues Accounting Accounting: 8 hours 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. 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. Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) 8-Hour Program Participants can meet their A&A CPE requirement with topics that relate to their responsibilities. This program will: Explain why a tax return and a tax basis financial statement are not the same Illustrate what GAAP versus tax differences need to be disclosed Address frequently encountered reporting and performance issues by tax practitioners Identify differences in disclosures for tax basis financial statements Tax practitioners who are associated with compiled or reviewed GAAP and/or tax basis financial statements. Identify differences between GAAP requirements and the tax return Recognize problems in performance and documenting of preparations, compilations, and reviews Apply accounting standard and appropriate disclosure Highlights new and troublesome issues for those tax practitioners issuing compilation and review reports Examination of book versus tax differences Changes needed to the body of the statements when tax basis financials are presented Tax basis financials what disclosures are really necessary Problems and issues in compilations and reviews, including an update of SSARS 21 Overview of recent relevant accounting standards updates Standards for tax and consulting services TPG Basic Accounting and Auditing Accounting: 5 hours Auditing: 3 hours Jun 29 Newark, DE James Newhard, CPA Nov 16 Trevose, PA Mark Mishler, CPA COST Dec 21 Trevose, PA James Newhard, CPA COST 6 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 7

Ethics for Delaware/Auditing Ethics for Delaware/Auditing Professional Ethics For Delaware CPAs And Compilation and Review Practice Guide (DE-ETHICS4/CRP4) 8-Hour Program AM SESSION: There is a new emphasis on professional ethics training. The AICPA codified the Code of Professional Conduct in 2014 and have added several interpretations since then. CPAs need to stay abreast of these changes. The State of Delaware continues to require all CPAs to take a course biennially. This course covers from a practical perspective all the latest pronouncements with an emphasis on common implementation examples. It covers ethical issues affecting CPAs in practice and industry. This program qualifies for the biennial State Board of Accountancy s 4 hour ethics CPE requirement (July 1, 2015 June 30, 2017). PM SESSION: This session features highlights from our popular 8-hour Compilation and Review Practice Guide. Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21/22/23 in DE-ETHICS4/CRP4 Intermediate Basic knowledge of professional ethics rules and regulations. Basic familiarity with SSARS standards Regulatory Ethics and Accounting Regulatory Ethics: 4 hours Auditing: 4 hours AR-C Sections 60, 70, 80 and 90. 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 21/22/23, while applying best practices for both efficiency and effectiveness. (continued) Effectively perform compilation and review engagements utilizing the guidance in AR-C Sections 60, 80, and 90 of SSARS 21/22/23 Effectively perform preparation engagements utilizing the guidance in AR-C Section 70 of SSARS 21/22/23 Efficiently document compilations and reviews following the documentation guidance in AR-C Sections 80 and 90 Identify best practices when performing compilation and review engagements Address special purpose frameworks when performing compilation and review engagements AM SESSION: Issues impacting attest services, including independence issues Issues impacting non-attest practices and engagements Issues impacting CPAs in industry PM SESSION: 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 CPAs in public practice as well as CPAs employed in private industry Practitioners who perform compilation and review engagements for non-public entities Understand the revised AICPA Code of Professional Conduct rules and their application to all members in public practice and business Identify ethical threats and safeguards associated with members practicing in public practice, in business, or applicable to other members Apply the AICPA s Code of Professional Conduct rules applicable to integrity and objectivity, independence, general standards, acts discreditable, commissions and referral fees, advertising, confidential information, and form of organization and name Learn the differences between AICPA requirements and those of the State of Delaware Identify the performance requirements in the SSARS standards based on SSARS 21/22/23 May 12 Newark, DE James Newhard, CPA COST (full day) COST (AM or PM session) Early Bird: $133* Regular: $163 (full day and AM session) 12:30 1:00 pm (PM session) (full day) 8:30 am 12:00 pm (AM session) 1:00 4:30 pm (PM session) 45-minute lunch break (). 8 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 9

Ethics/Auditing Ethics/Auditing Professional Ethics For CPAs And Compilation and Review Practice Guide (ETHICS4/CRP4) 8-Hour Program AM SESSION: There is a new emphasis on professional ethics training. The AICPA codified the Code of Professional Conduct in 2014 and have added several interpretations since then. CPAs need to stay abreast of these changes. This course covers from a practical perspective all the latest pronouncements with an emphasis on common implementation examples. It covers ethical issues affecting CPAs in practice and industry. This program qualifies for the State Board of Accountancy s 4 hour ethics CPE requirement. PM SESSION: This session features highlights from our popular 8-hour Compilation and Review Practice Guide. Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21/22/23 in AR-C Sections 60, 70, 80 and 90. This program addresses ETHICS4/CRP4 Intermediate Basic knowledge of professional ethics rules and regulations. Basic familiarity with SSARS standards. Regulatory Ethics and Accounting Regulatory Ethics: 4 hours Auditing: 4 hours 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 21/22/23, while applying best practices for both efficiency and effectiveness. (continued) Effectively perform preparation engagements utilizing the guidance in AR-C Section 70 of SSARS 21/22/23 Efficiently document compilations and reviews following the documentation guidance in AR-C Sections 80 and 90 Identify best practices when performing compilation and review engagements Address special purpose frameworks when performing compilation and review engagements AM SESSION: Issues impacting attest services, including independence issues Issues impacting non-attest practices and engagements Issues impacting CPAs in industry PM SESSION: 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 CPAs in public practice as well as CPAs employed in private industry Practitioners who perform compilation and review engagements for non-public entities Understand the revised AICPA Code of Professional Conduct rules and their application to all members in public practice and business Identify ethical threats and safeguards associated with members practicing in public practice, in business, or applicable to other members Apply the AICPA s Code of Professional Conduct rules applicable to integrity and objectivity, independence, general standards, acts discreditable, commissions and referral fees, advertising, confidential information, and form of organization and name. Learn the differences between AICPA requirements Identify the performance requirements in the SSARS standards based on SSARS 21/22/23 Effectively perform compilation and review engagements utilizing the guidance in AR-C Sections 60, 80, and 90 of SSARS 21/22/23 Nov 14 Cranberry Township, PA James Newhard, CPA Nov 28 Trevose, PA James Newhard, CPA COST (full day) COST (AM or PM session) Early Bird: $133* Regular: $163 (full day and AM session) 12:30 1:00 pm (PM session) (full day) 8:30 am 12:00 pm (AM session) 1:00 4:30 pm (PM session) 45-minute lunch break (). 10 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 11

Not-for-Profit Tax Nonprofit Industry Update and GAAP Refresher (NIU) 8-Hour Program This program provides a 2017 update of the issues at the forefront of the industry to assist the auditor in assessing risk. It also includes updates to FASB guidance through early 2017 with a specific section on the new notfor-profit financial statements, complete with disclosure examples. We will also discuss the FASB s decisions to date related to the accounting for grants, as well as a discussion of the AICPA s task force recommendations related to revenue recognition. The GAAP refresher portion of the program includes coverage of some significantly enhanced sections in the nonprofit audit guide and nonprofit Technical Practice Aids (AICPA). This course also provides an update on issues relative to the Single Audit and the AICPA s Audit Quality Initiative. Practitioners working with nonprofit organizations in public practice and nonprofit industry accountants who need to keep on top of current accounting and disclosure requirements. Apply the issues faced by nonprofits in today s environment, which will help them assess risk Recognize and deal with major accounting and disclosure issues impacting their clients or organizations NIU Intermediate Basic familiarity with not-for-profit accounting and auditing Accounting Accounting: 8 hours Not-for-profit industry updates 2017; Major accounting and disclosure issues specific to nonprofit organizations; Issues related to the Single Audit. 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. It is recommended that this course not be scheduled back to back with Nonprofit, Government and Compliance Update (NGCU) or Essentials of Nonprofit Auditing (ENA). Current Federal Tax Developments (CFTD) 8-Hour Program This fast-paced, one-day course covers the latest developments in federal taxation, updated biweekly, with emphasis on real world applications. This program is always applauded for its relevance and coverage of practical issues. Emphasis on current issues, planning, and strategy keeps participants interested all day. Learn how to avoid penalties, how to use IRS Frequently Asked Questions to answer tough questions relating to new laws, how to plan for the new Medicare Tax and other tax provisions in the Affordable Care Act, how to change over 150 accounting methods automatically with no user fee, and much more. Tax advisors in public practice and corporate tax departments who want an up-to-the minute review of federal tax developments delivered in plain English. Understand and work with tax law changes Analyze court decisions, IRS Notices, Revenue Rulings, and Revenue Procedures for application to clients tax planning and compliance Be aware of IRS audit issues Assess pending legislation Anticipate and create opportunities for tax reduction Avoid penalties IRC Sec. 6662 imposes on careless taxpayers CFTD Update Taxes/General Taxation 8 hours ENROLLED AGENT CREDIT After the event, we will apply with the IRS for CE; report credits directly to the IRS; and issue certificates. New Tax Law monitoring changes and phase-ins New Treasury Regulations, Revenue Procedures, Revenue Rulings, Notices, and so on Letter Rulings and Technical Advice Memoranda of interest to clients Court decisions that affect average taxpayers IRS Initiatives, Audit Technique Guides, Office of Professional Responsibility, and other targeted programs Practice aids, checklists, examples, and new forms Jun 28 Trevose, PA Allen L. Fetterman, CPA COST Nov 13 Cranberry Township, PA Mark Patrick, CPA COST 12 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 13

Ethics/Accounting Not-for-Profit Tax Tax Partnership and LLC Taxation: Advanced Issues (PTAI) 8-Hour Program This program covers allocation of basis in debt, step up in basis upon transfer, disguised sales, abandonment of partnership interest, special allocations of income and deductions, reallocation of depreciation among partners, reporting income from forgiveness of indebtedness, determining an LLC member s self-employment income, and more. This is the program that gets participants ready to help their clients plan partnership and limited liability company transactions to minimize taxes. CPAs who advise their clients regarding planning for partnership and/or limited liability company transactions and/or who have review responsibility for partnership or limited liability company tax compliance. May also be suitable for public practice. ENROLLED AGENT CREDIT Recognize tax traps and pitfalls in the organization and After the event, we will apply operation of partnerships and LLCs with the IRS for CE; report Calculate the special allocations required for Section 704(c) property credits directly to the IRS; Deal with common ownership changes and issue certificates. Handle Section 754 elections and related adjustments Apply rules properly when passing income and other items through to owners Plan and properly account for income from forgiveness of debt Handle the balance sheet after required tax adjustments Organizing a partnership: Special tax considerations Contributions of property to capital Secs. 721, 722, and 723 Liabilities and their allocation to owners basis Sec. 752 Determination of owners distributive share including special allocations Sec. 704(b) Adjustments for contributed property Sec. 704(c) PTAI Advanced Taxes/Partnership Taxation 8 hours Optional adjustments to the basis of entity property Sec. 754 election Distribution of HOT assets Sec. 751 Payments to a retiring partner or member Sec. 736 How the net investment income tax affects partnerships Sec. 1411 Current developments court cases and IRS rulings Streamlined Tax Staff Training Business (STSB) 8-Hour Program From books to tax returns that s the mission. But, how do you get started? How can you identify and keep track of different reporting for different types of entities? How different is Form 1065 from Form 1120S? Those questions and many more will be answered in this informationpacked program. Tax staff making the move up from preparing individual Forms 1040 to preparing business income tax returns. Identify differences in how information is presented in income tax returns of various business entities Prepare and post tax and closing entries Efficiently prepare Forms 1065, 1120S, and 1120 Prepare various common supporting forms, such as Form 4797 reporting sales of property Recognize tax planning concepts and develop efficient tax research techniques Preparation of business income tax returns from clientmaintained records Accounts that must be analyzed for proper tax reporting Critical disclosures that may be required in business returns How information is reported differently in Forms 1065, 1120, and 1120S STSB Intermediate Taxes/General Taxation 8 hours ENROLLED AGENT CREDIT After the event, we will apply with the IRS for CE; report credits directly to the IRS; and issue certificates. Oct 26 Cranberry Township, PA Mark Patrick, CPA COST Oct 27 Cranberry Township, PA Mark Patrick, CPA COST 14 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 15

CPE Classroom Locations Registration Information & Policies Trevose, PA Radisson Hotel Philadelphia Northeast 2400 Old Lincoln Highway Trevose, PA 19053 215.638.8300 CONFIRMATION After your registration is processed, a confirmation will be sent to you. Registration COURSE MATERIALS Information & Policies Printed materials will be provided on-site and at no cost. We cannot guarantee printed course materials for walk-in registrants. WALK-IN Registration closes 5 days prior to the program date, but individuals may register on the day of the program for an additional $15 fee, if space permits. Print materials may not be available on-site for walk-in registrants but will be shipped within 5 days of the program. TRANSFERS & SUBSTITUTIONS Registrants may transfer their registration to another program during the current year only (subject to availability) or substitute another person without a penalty 15 days prior to the program date. Transfers and substitutions requested 6 to 14 days before the program date will be charged a $50 processing fee. Registration transfers 5 days or less before the program date will not be accepted. CANCELLATIONS & REFUNDS All cancellation requests must be emailed to teresa@loscalzo.com or faxed to 732.542.0217. Cranberry Township, PA Courtyard Pittsburgh North 150 Cranberry Woods Drive Cranberry Township, PA 16066 724.776.1900 Newark, DE Wilmington Newark/Christiana Mall Courtyard 48 Geoffrey Drive Newark, DE 19713 302.456.3800 16 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 17

Registration Information & Policies Registration Form COST CANCELLATION RECEIVED REFUND DETAILS 15 days prior to program date Full refund 14 days to 6 days prior to program date Full refund minus $50 processing fee 5 days or less prior to program date No refund CPE CERTIFICATE OF COMPLETION All attendees will receive a certificate of completion to document attendance at the end of each program. Walk-ins will receive their certificate within 5 days of the program. Note: Requests for new CPE Certificates will be charged $25/certificate. These programs comply with the Standards for Formal Group Programs published by the American Institute of Certified Public Accountants. Loscalzo Institute has been approved as an acceptable sponsor of Continuing Professional Education Programs by NASBA Sponsor #103266. For more information regarding administrative policies such as complaints or refunds, please contact our office. Loscalzo Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. Complete the form below (please print) and return with your check or credit card information. Note: Emailed registrations must include credit card number and signature. Please use one form per person. This form may be photocopied for your convenience. Call (8:00 am 4:00 pm) or visit our website for additional registration information. RESERVE YOUR SEAT Online: www.loscalzo.com Call: 800.272.3551 x204 or 732.945.0772 Email: teresa@loscalzo.com ATTENDEE INFORMATION Name Firm/Company Address City State ZIP Phone Fax Email COURSE INFORMATION Course Title Date Location PAYMENT INFORMATION Total Amount Due: $ q Check payable to: Loscalzo Institute q MasterCard q Visa q American Express q Discover Loscalzo Institute 1151 Broad Street, Suite 214 Shrewsbury, NJ 07702 Att: Teresa Viana Cardholder s Name Account Number Expiration Date 3 4 Digit CID Number Cardholder s Signature 18 www.loscalzo.com 732.945.0772 www.loscalzo.com 732.945.0772 19

20 Loscalzo Institute Revmont Park 1151 Broad Street, Suite 214 Shrewsbury, NJ 07702 www.loscalzo.com loscalzo@loscalzo.com p: 732.945.0772 MKT-003862 www.loscalzo.com 732.945.0772