Goodwill Impairment Testing

This course provides an overview of goodwill impairment testing.  The accounting and reporting requirements related to goodwill are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 350-20.  This course focuses on topics such as the initial recognition of goodwill and subsequent measurement requirements including the accounting alternative allowed for certain eligible entities.  This course also addresses the disclosure requirements for goodwill and is current through the issuance of ASU 2019-06.  

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the recognition requirements related to goodwill

·       Recognize overall characteristics of goodwill impairment testing

·       Differentiate between the qualitative and quantitative test of goodwill impairment

·       Identify key characteristics of the accounting alternative for goodwill

·       List the key disclosure requirements for goodwill and goodwill impairment losses

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Lease Accounting & Reporting – What You Need to Know

This course provides an overview of the new lease accounting standard issued by the Financial Accounting Standards Board (FASB) prescribed within Accounting Standards Codification (ASC) Topic 842.  This includes a discussion of the reasons for the change, how to correctly identify a lease within a contract, and the overall recognition, measurement, subsequent measurement, and disclosure requirements.  This course also provides examples of real-world disclosures as well as challenges faced by entities post-adoption.    

Learning Objectives

Upon completion of this course, you will be able to:

·       Determine whether an arrangement contains a lease

·       Identify considerations with respect to substitution rights

·       Identify the criteria for the new finance lease and short-term leases

·       Recognize the new recognition and measurement requirements for both lessees and lessors

·       Identify the requirements related to lease modifications

·       Identify presentation and disclosure requirements for both lessees and lessors

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

Principles of Financial Statement Presentation

This course provides an overview of the key presentation requirements with respect to an entity’s financial statements.  This includes a discussion of key principles related to an entity’s overall presentation as well as specific topics with respect to its balance sheet, income statement, comprehensive income, statement of cash flows, as well as notes to the financial statements.  The course also addresses the considerations around changes in accounting principles.  The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC). 

 

Learning Objectives

Upon completion of this course, you will be able to:

o   Recognize overall financial statement presentation requirements

o   Identify requirements for discontinued operations and liquidation basis of accounting reporting

o   Determine when certain balance sheet accounts can be offset

o   Identify presentation requirements for the income statement and comprehensive income

o   List the different methods used for statement of cash flow presentation

o   Differentiate between operating, financing, and investing activities in the statement of cash flows

o   Identify disclosure requirements with respect to an entity’s accounting policies

o   Recognize the requirements regarding changes in accounting principles

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Recognizing Assets & Liabilities in a Business Combination

Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations.  This step is also one of the more significant steps involved in a business combination transaction.  Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process.  This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”)

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the steps within the acquisition method for business combinations

·       Identify overall recognition conditions for intangible assets

·       Distinguish between different categories of intangibles assets

·       Recognize the accounting alternative available for private and not-for-profit entities

·       Identify overall measurement principles including specific exceptions

 Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Revenue – Five Steps to Recognition

This course provides an overview of the revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 606.  This course focuses specifically on the five-step model for revenue recognition including identifying a contract, identifying performance obligation, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue.          

Learning Objectives

Upon completion of this course, you will be able to:

·       List the five steps involved in the new revenue recognition model

·       Recognize the considerations involved in identifying whether a contract exists

·       Identify the considerations involved with measuring the transaction price

Recognize the steps involved in allocating the transaction price to performance obligations

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

 

Revenue Recognition Principles

This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014.  The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period.  For calendar year public filers, these entities will need to implement the new standards starting in 2018.    

Learning Objectives

Upon completion of this course, you will be able to:

·       Recognize how the new revenue recognition standards were developed between the FASB and IASB

·       List the five steps involved in the new revenue recognition model

·       Recognize the considerations involved in identifying whether a contract exists

·       Identify the considerations involved with measuring the transaction price

·       Recognize the steps involved in allocating the transaction price to performance obligations

·       Identify presentation issues with respect to contract assets and contract liabilities

·       Understand the overall disclosure requirements and transition methods related to the new standards

·       Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Segment Reporting – A Detailed Review

This course provides an overview of the accounting and reporting requirements with respect to segment reporting.  The accounting and reporting guidance related to segment reporting is prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 280.  This course focuses on topics such as the identification of the chief operating decision maker (CODM), the determination of operating segments, and the determination of reportable segments.  This course also provides information on disclosure requirements as well as illustrative examples of segment disclosures for companies in different industries. 

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify key characteristics of operating segments

·       Recognize characteristics of the entity’s chief operating decision maker

·       Identify the quantitative thresholds used for reportable segments

·       Recognize disclosure requirements for reportable segments as well as entity-wide disclosures

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

This course provides a general overview of the accounting and reporting requirements with respect to segment reporting.  The accounting and reporting guidance related to segment reporting is prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 280.  This course focuses on topics such as the identification of the chief operating decision maker (CODM), the determination of operating segments, and the determination of reportable segments.  This course also provides information on disclosure requirements for both reportable segment and entity-wide.

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify key characteristics of operating segments and the chief operating decision maker

·       Identify the quantitative thresholds used for reportable segments

·       Recognize disclosure requirements for reportable segments as well as entity-wide disclosures

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

 

 

 

This course provides an in-depth overview of the new lease accounting standards issued by the Financial Accounting Standards Board (FASB) in February 2016.  This includes a discussion of the primary reasons for the change as well as how to identify a lease within a contract.  This course also provides an in-depth review of lease classification, initial measurement, subsequent measurement, presentation & disclosure, as well as transition requirements.  The course concludes with a discussion of some of the significant differences between IFRS 16 (the IASB’s new lease accounting standard) as well as private company considerations. 

Learning Objectives

Upon completion of this course, you will be able to:

·       Recognize how the new leasing standard has evolved and how the new standard is organized

·       Determine whether an arrangement contains a lease

·       Identify considerations with respect to substitution rights and decision-making rights

·       Identify the criteria for the new finance lease and short-term leases

·       Recognize the new recognition and measurement requirements for both lessees and lessors

·       Identify the recognition criteria for sales-type, direct financing, and operating leases

·       Identify the overall requirements with respect to lease modifications

·       Identify the criteria used for sale and leaseback transactions

·       Identify the considerations with respect to a lessee’s involvement in construction of a leased asset

·       Identify the presentation requirements for both lessees and lessors

·       Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors

·       Identify the effective date for the new lease accounting standards

·       Identify the significant differences between ASC 842 and IFRS 16

·       Recognize considerations of and alternatives provided to private companies

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

Introduction

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

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

 

Learning Objectives

 

After completing this course, participants should be able to:

·       Identify the potential economic impacts and financial risks of climate change.

·       Recognize disclosure practices that are consistent with leading sustainability reporting frameworks.

·       Identify areas of accounting and financial statement disclosures that are impacted by climate-related and other emerging risks

 

Fields of Study: Accounting (75%), Economics (25%)

 

 

Prerequisites: None

 

 

Level: Overview

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

Accounting for Guarantees

Guarantees are often included within certain purchase agreements, sales agreements, commercial agreements, and many other types of agreements.  This course provides an overview of the accounting, reporting, and disclosure requirements related to guarantees.  The U.S. GAAP guidance related to guarantees is prescribed by ASC Topic 460.         

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the primary types of guarantees

·       Recognize the guarantees that are within the scope of ASC Topic 460

·       Identify the recognition, measurement, and subsequent measurement requirements of guarantees

·       Recognize key disclosure requirements for guarantees

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Accounting for Software Sales

Overview

This course provides an overview of the accounting for the costs of software to be sold, leased, or marketed.  The accounting, reporting, and disclosure requirements related to this type of software is prescribed by ASC Topic 985-20.  This course primarily addresses the concept of technological feasibility and how this impacts the cost classification of software development costs.  The course also addresses the respective presentation and disclosure requirements.

Learning Objectives

Upon completion of this course, you will be able to:

·       Distinguish between the different areas of U.S. GAAP related to software

·       Recognize software that is within the scope of ASC Topic 985-20

·       Identify how software costs are recorded prior to and after establishing technological feasibility

·       Recognize how amortization is recorded for capitalized software costs

·       Identify general disclosure requirements related to software for resale

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

Disclosures of Risks & Uncertainties

Overview

This course provides an overview of the disclosure requirements regarding risks and uncertainties.  The disclosure requirements related to risks and uncertainties are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 275.  For public business entities that file their annual and interim reports with the U.S. Securities & Exchange Commission (SEC), there are also additional disclosure requirements required by Regulation S-K.  This course focuses on general disclosure requirements outlined in U.S. GAAP.  This course also provides illustrative examples from both the GAAP implementation guidance as well as actual SEC filings from public business entities. 

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the scope of transactions included within ASC Topic 275

·       Recognize when disclosure is required related to accounting estimates

·       Differentiate between concentration areas and whether or not disclosure is required

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

Do I Have a Lease?

Overview

This course provides an in-depth overview of the assessment of whether or not an arrangement is or contains a lease.  This includes a discussion of specific guidance prescribed by ASC Topic 842 as well as additional interpretive guidance provided several of the Big 4 accounting firms.  This course also addresses the short-term lease exception available in ASC Topic 842. 

Learning Objectives

Upon completion of this course, you will be able to:

·       Determine whether an arrangement is or contains a lease

·       Determine whether an arrangement includes an identified asset 

·       Identify considerations with respect to substitution rights and decision-making rights

Recognize the short-term lease exception prescribed by ASC Topic 842

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

Revenue Recognition – Contract Assessment

Overview

This course provides an overview of the first step in the revenue recognition process – the identification of a contract with a customer.  This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC Topic 606.  This course incorporates excerpts from the FASB’s basis for conclusions of the new revenue recognition standard as well as key excerpts from Big 4 revenue recognition guides in order to develop a comprehensive understanding of this step in the process.     

Learning Objectives

Upon completion of this course, you will be able to:

·       List the five steps involved in the new revenue recognition model

·       Recognize the overall considerations involved in identifying whether a contract exists

·       Identify how collectibility is assessed to determine whether a contract exists

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

Revenue Recognition – U.S. GAAP vs. IFRS

Overview

This course provides an overview of the similarities and key differences between the revenue recognition standards issued by the FASB (ASC Topic 606) and the IASB (IFRS 15).  While these standards are materially similar as the regulators worked jointly to issue the new converged standards, there are notable differences that are good to understand.  However, this course is not intended to provide an exhaustive discussion of these differences.

Learning Objectives

Upon completion of this course, you will be able to:

·       List the key steps in the revenue recognition model

·       Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition

·       Identify some of the key differences between ASC Topic 606 and IFRS 15

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview

This course provides an overview of the similarities and key differences between the business combination standards issued by the FASB (ASC Topic 805) and the IASB (IFRS 3).  While these standards are very similar, as is the case with many areas of U.S. GAAP vs. IFRS, there are notable differences that are helpful to understand.  Note that this course is not intended to provide an exhaustive discussion of these differences.

Learning Objectives

Upon completion of this course, you will be able to:

·       List the key steps in the acquisition method for business combinations

·       Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations

·       Identify some of the key differences between ASC Topic 805 and IFRS 3

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

This course provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as comment letter analysis from several of the Big 4 accounting firms.  Non-GAAP financial measures continue to rank at the top of the most frequent comment letters issued by the SEC.  As a result, it’s important to understand the guidance with respect to these measures to ensure that an entity’s financial statements remain GAAP compliant and are not misleading. 

Upon completion of this course, you will be able to:

·        Differentiate between a GAAP financial measure and a non-GAAP financial measure

·        Recognize examples of different types of non-GAAP financial measures

·        Identify which SEC guidance is applicable to different types of non-GAAP financial measures

·        Recognize disclosures within the scope of Regulation G

·        Identify key requirements included within both Regulation G and Regulation S-K related to these measures

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

This course provides an overview of the similarities and key differences between the revenue recognition and business combination standards issued by the FASB and the IASB.  While these standards are similar in many material respects, there are notable differences that are good to understand.  However, this course is not intended to provide an exhaustive discussion of these differences.

Upon completion of this course, you will be able to:

·        List the key steps in the revenue recognition model

·        Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition

·        Identify some of the key differences between ASC Topic 606 and IFRS 15

·        List the key steps in the acquisition method for business combinations

·        Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations

·        Identify some of the key differences between ASC Topic 805 and IFRS 3

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
This course provides an overview of the key principles related to both revenue recognition and leasing transactions.  The revenue recognition guidance is included within ASC Topic 606 and includes a five-step model identifying a contract, identifying performance obligation, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue.  The lease accounting and reporting requirements are outlined in ASC Topic 842.  This topic addresses areas such as how to correctly identify a lease within a contract, as well as the overall recognition, measurement, subsequent measurement, and disclosure requirements.       

Learning Objectives
Upon completion of this chapter, you will be able to:
•    List the five steps involved in the new revenue recognition model
•    Recognize the considerations involved in identifying whether a contract exists
•    Identify the considerations involved with measuring the transaction price
•    Recognize the steps involved in allocating the transaction price to performance obligations
•    Determine whether an arrangement contains a lease
•    Identify considerations with respect to substitution rights
•    Identify the criteria for the new finance lease and short-term leases
•    Recognize the new recognition and measurement requirements for both lessees and lessors
•    Identify the requirements related to lease modifications
•    Identify presentation and disclosure requirements for both lessees and lessors

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

Course Overview
This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties.  The accounting, reporting, and disclosure requirements related to software depends on the nature of the software, and whether it will be used internally by an entity or will be marketed to its customers.  For internal-use software, the guidance is prescribed by ASC Topic 350-40.  On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20.  

Learning Objectives
Upon completion of this chapter, you will be able to:
•    Distinguish between software that is considered internal-use and not considered internal-use
•    Recognize how implementation costs are accounted for in various stages of software development
•    Identify when capitalization and amortization should commence
•    Recognize how implementation costs of hosting arrangements are accounted for differently

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE

Click here to view cancellation and record retention policies

Course Overview
This course provides an overview of the processes involved in understanding, evaluating, and properly disclosing Accounting Standard Updates (ASUs) issued by the FASB.  This includes a look at the key elements included within each ASU, how companies should consider the impacts from the change, as well as how to properly disclose these impacts (if known) within their notes to their financial statements.  This course also outlines an effective five-step process for monitoring ASUs, from initial release to adoption.   

 
Learning Objectives
Upon completion of this course, you will be able to:
•    Identify standard elements included within each FASB ASU
•    Distinguish between different transition requirements
•    Recognize SEC disclosure requirements relating to pending ASUs
•    Identify best practices for effectively tracking ASUs

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

Course Overview
This course provides an overview of the accounting for internal-use software.  The accounting and reporting requirements related to internal-use software can be found within ASC Topic 350-40.  The primary information addressed within this ASC Topic relates to the development costs that should and should not be capitalized, how those costs are amortized, how they are tested for impairment, as well as presentation and disclosure requirements.

Learning Objectives
Upon completion of this course, you will be able to:
•    Distinguish between software that is considered internal-use and not considered internal-use
•    Recognize how implementation costs are accounted for in various stages of software development
•    Identify when capitalization and amortization should commence
•    Recognize how implementation costs of hosting arrangements are accounted for differently

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

 

 

Course Overview

This course provides an overview of several of the key accounting and reporting topics within U.S. GAAP.  This includes a discussion of accounting for business combinations, revenue recognition principles, and leasing transactions.  This course also address topics such as goodwill impairment, segment reporting, how to account for software (both internal-use and for resale) as well as requirements related to accounting changes and error corrections.  

Chapter 1 - Accounting for Business Combinations

Chapter Overview

This chapter provides an overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations.  The overall objective of the guidance included within ASC 805 is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.  

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  Identify the definition of a business as it relates to a business combination transaction

  List the steps involved in the acquisition method

  Identify the acquisition date for a business combination

  Recognize how to measure goodwill and gains from bargain purchases

  Identify the measurement period for business combinations

  Recognize financial statement disclosures related to business combinations

 

Chapter 2 - Revenue Recognition

Chapter Overview

This chapter provides an overview of the revenue recognition standards prescribed by ASC Topic 606.  This chapter focuses specifically on the five-step model for revenue recognition including identifying a contract, identifying performance obligation, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue.           

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  List the five steps involved in the new revenue recognition model

  Recognize the considerations involved in identifying whether a contract exists

  Identify the considerations involved with measuring the transaction price

  Recognize the steps involved in allocating the transaction price to performance obligations

 

Chapter 3 – Lease Transactions

Chapter Overview

This chapter provides an overview of the new lease accounting standard issued by the FASB within ASC Topic 842.  This includes a discussion of the reasons for the change, how to correctly identify a lease within a contract, and the overall recognition, measurement, subsequent measurement, and disclosure requirements.  This chapter also provides examples of real-world disclosures as well as challenges faced by entities post-adoption.     

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  Determine whether an arrangement contains a lease

  Identify considerations with respect to substitution rights

  Identify the criteria for the new finance lease and short-term leases

  Recognize the new recognition and measurement requirements for both lessees and lessors

  Identify the requirements related to lease modifications

  Identify presentation and disclosure requirements for both lessees and lessors

 

Chapter 4 - Goodwill Impairment

Chapter Overview

This chapter provides an overview of goodwill impairment testing.  The accounting and reporting requirements related to goodwill are prescribed by ASC Topic 350-20.  This chapter focuses on topics such as the initial recognition of goodwill and subsequent measurement requirements including the accounting alternative allowed for certain eligible entities.  This chapter also addresses the disclosure requirements for goodwill and is current through the issuance of ASU 2019-06.   

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  Identify the recognition requirements related to goodwill

  Recognize overall characteristics of goodwill impairment testing

  Differentiate between the qualitative and quantitative test of goodwill impairment

  Identify key characteristics of the accounting alternative for goodwill

  List the key disclosure requirements for goodwill and goodwill impairment losses

 

Chapter 5 - Segment Reporting

Chapter Overview

This chapter provides an overview of the accounting and reporting requirements with respect to segment reporting.  The accounting and reporting guidance related to segment reporting is prescribed by ASC Topic 280.  This chapter focuses on topics such as the identification of the chief operating decision maker (CODM), the determination of operating segments, and the determination of reportable segments.  This chapter also provides information on disclosure requirements as well as illustrative examples of segment disclosures for companies in different industries.  

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  Identify key characteristics of operating segments

  Recognize characteristics of the entity’s chief operating decision maker

  Identify the quantitative thresholds used for reportable segments

  Recognize disclosure requirements for reportable segments as well as entity-wide disclosures

 

Chapter 6 - Accounting for Software

Chapter Overview

This chapter provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties.  The accounting, reporting, and disclosure requirements related to software depends on the nature of the software, and whether it will be used internally by an entity or will be marketed to its customers.  For internal-use software, the guidance is prescribed by ASC Topic 350-40.  On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20.

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  Distinguish between software that is considered internal-use and not considered internal-use

  Recognize how implementation costs are accounted for in various stages of software development

  Identify when capitalization and amortization should commence

  Recognize how implementation costs of hosting arrangements are accounted for differently

  Recognize software that is within the scope of ASC Topic 985-20

  Identify how software costs are recorded prior to and after establishing technological feasibility

  Recognize how amortization is recorded for capitalized software costs

  Identify general disclosure requirements related to software for resale

 

Chapter 7 - Accounting Changes and Error Corrections

Chapter Overview

This chapter provides an overview of the accounting requirements with respect to accounting changes and error corrections and the reporting implications within an entity’s financial statements.  The scope of accounting changes includes a discussion of changes in accounting principles, changes in accounting estimates, as well as changes of a reporting entity.  The chapter also provides an overview of the accounting requirements of correcting errors in previously issued financial statements as well as restatement considerations.  A majority of the information included within this chapter is sourced from the requirements found within ASC Topic No 250.

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  List the different types of accounting changes and how they affect an entity’s financial statements

  Differentiate between the requirements for the different types of accounting changes

  Identify the steps involved in the required assessment for a correction of an error

  Differentiate between the iron curtain and rollover methods for quantifying a correction of an error

  Recognize the different types of restatements required as a result of accounting changes

 

Chapter 8 - Non-GAAP Financial Measures

Chapter Overview

This chapter provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as comment letter analysis from several of the Big 4 accounting firms.  Non-GAAP financial measures continue to rank at the top of the most frequent comment letters issued by the SEC.  As a result, it’s important to understand the guidance with respect to these measures to ensure that an entity’s financial statements remain GAAP compliant and are not misleading.  

Chapter Learning Objectives

Upon completion of this chapter, you will be able to:

  Differentiate between a GAAP financial measure and a non-GAAP financial measure

  Recognize examples of different types of non-GAAP financial measures

  Identify which SEC guidance is applicable to different types of non-GAAP financial measures

  Recognize disclosures within the scope of Regulation G

  Identify key requirements included within both Regulation G and Regulation S-K related to these measures

Additional Contents : Complete, no additional material needed

Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
This course provides an overview of two of the most popular SEC topics which result in comment letters from the SEC.  This includes a discussion of management’s discussion and analysis (MD&A) as well as Non-GAAP Financial Measures.  These two areas consistently rank in the Top 10 for the most frequent comment letters issued to public companies by the SEC.    

Chapter 1 – Management’s Discussion & Analysis
This chapter provides an overview of the rules and regulations with respect to management’s discussion and analysis (MD&A).  This chapter also provides interpretive guidance from the SEC as well as important observations from several of the Big 4 accounting firms.  
Chapter Learning Objectives
Upon completion of this chapter, you will be able to:
•    Identify the SEC Regulation applicable to MD&A
•    Recognize the primary objective and focus areas related to MD&A
•    Identify key information that should be included within a company’s MD&A
•    Recognize the types of transactions that should be discussed in MD&A
•    Identify methods to enhance the presentation of MD&A
Chapter 2 – Non-GAAP Financial Measures
This chapter provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as comment letter analysis from several of the Big 4 accounting firms.  Non-GAAP financial measures continue to rank at the top of the most frequent comment letters issued by the SEC.  As a result, it’s important to understand the guidance with respect to these measures to ensure that an entity’s financial statements remain GAAP compliant and are not misleading.  
Chapter Learning Objectives
Upon completion of this chapter, you will be able to:
•    Differentiate between a GAAP financial measure and a non-GAAP financial measure
•    Recognize examples of different types of non-GAAP financial measures
•    Identify which SEC guidance is applicable to different types of non-GAAP financial measures
•    Recognize disclosures within the scope of Regulation G
•    Identify key requirements included within both Regulation G and Regulation S-K related to these measures

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Disclosure Requirements – Rev Rec, Leases, Business Combinations, CECL, and Segments
Course Overview
This course provides an overview of the financial statement disclosure requirements related to several of the key accounting areas within U.S. GAAP.  This includes disclosures related to revenue from contracts with customers, lease transactions, business combination transactions, current expected credit losses, as well as segments.  Information presented in this course is primarily sourced from the FASB Accounting Standards Codification (ASC).     
Learning Objectives
Upon completion of this course, you will be able to:
•    Identify disclosure requirements related to revenue from contracts with customers
•    Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors
•    Identify disclosures related to business combination transactions
•    Recognize disclosure requirements based on the CECL standard
•    Differentiate between disclosures for reportable segments vs. entity-wide

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Lessee Accounting: Identification, Classification & Recognition
Course Overview
This course provides an overview of the accounting for lease transactions, specifically from the standpoint of a lessee.  This includes a discussion of how to determine if an arrangement/contract is a lease, how to classify the identified lease (e.g., operating vs. finance) , as well as how to recognize and measure the various components of the lease.  
Learning Objectives
Upon completion of this course, you will be able to:
•    Determine whether an arrangement contains a lease
•    Recognize considerations with respect to substitution rights and decision-making rights
•    Identify the criteria for lease classification
•    List the recognition requirements related to operating and finance leases

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
This course provides an overview of the SEC Form 8-K.  This is a broad form used to notify investors in U.S. publicly traded companies of certain events that may be important - generally within four business days of the respective triggering event.  This course provides a detailed look at the events that require a Form 8-K filing, the relevant disclosures, and presents a number of examples to help illustrate disclosure of these events.  
Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize the overall purpose of the Form 8-K
•    Identify the time period in which a Form 8-K must be filed with the SEC
•    Recognize the events that require the filing of a Form 8-K
•    Identify overall disclosures requirements for triggering events requiring a Form 8-K

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
This course provides an overview of the disclosure requirements for SEC Form 8-K – the  broad form used to notify investors in U.S. publicly traded companies of certain events that may be important .  This course provides an overview of the key disclosure requirements for several of the triggering events requiring the filing of a Form 8-K with the SEC.  This course also provides information about how the Form 8-K requirements have evolved over time.
Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize the overall purpose of the Form 8-K
•    Identify the filing deadline for Form 8-K triggering events
•    Identify triggering events that require the filing of a Form 8-K
•    Recognize overall disclosures requirements for a Form 8-K

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations.  This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC Topic 606.  This course incorporates excerpts from the FASB’s basis for conclusions as well as post-implementation information provided by the FASB from its comprehensive Q&A Publication.       
Learning Objectives
Upon completion of this course, you will be able to:
•    List the five steps involved in the new revenue recognition model
•    Recognize the criteria involved in identifying performance obligations
•    Identify post-implementation issues and considerations provided by the FASB

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Description

This course provides a high level overview of the accounting and reporting requirements related to lease transactions as outlined in ASC Topic 842.  This course addresses the process of determining whether an arrangement contains a lease and the resulting lease classification.  This course also addresses recognition requirements as well as some high level presentation & disclosure topics.

Learning Objectives

·       Determine whether an arrangement contains a lease

·       List the criteria for lease classification

·       Identify how leases are initially and subsequently measured

Add  Recognize impacts from lease modifications

·       Identify presentation and disclosure requirements for lease transactions

Add   Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Course Description
This course provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as comment letter analysis from several of the Big 4 accounting firms.  Non-GAAP financial measures continue to rank at the top of the most frequent comment letters issued by the SEC.  As a result, it's important to understand the guidance with respect to these measures to ensure that a company's financial statements remain GAAP compliant and are not misleading.

Learning Objectives
Distinguish between a GAAP and a non-GAAP financial measure
Recognize examples of different types of non-GAAP financial measures
Identify SEC guidance applicable to types of non-GAAP financial measures
Recognize disclosures within the scope of Regulation G and Regulation S-K

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Accounting for Held for Sale Assets

This course provides an overview of the accounting for held for sale assets with a particular focus on the criteria that must be met for held for sale classification.  This course also addresses considerations around the timing of held for sale classification, how held for sale assets are measured and presented, as well as how changes to a planned sale impact the measurement and presentation of held for sale assets.  This course concludes with a brief discussion of the disclosure requirements related to held for sale assets.        

Learning Objectives
Upon completion of this course, you will be able to:

    Identify the types of assets within the scope of held for sale accounting

    List the specific criteria that must be met for an asset to be classified as held for sale

    Recognize the accounting and reporting impacts from held for sale classification

    Identify disclosure requirements for held for sale assets.  


Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Detailed Overview of the Held for Sale Classification Criteria

This course provides a general overview of the six held for sale classification criteria outlined within ASC 360-10.  This includes a discussion of the general impacts from held for sale classification as well as subsequent measurement requirements once a long-lived asset has been classified as held for sale.  This course also addresses how changes to a planned sale impact the measurement and presentation of held for sale assets.

Learning Objectives

Upon completion of this course, you will be able to:

 List the specific criteria that must be met for an asset to be classified as held for sale

 Recognize the accounting and reporting impacts from held for sale classification

 Identify potential reporting impacts from changes to a plan of sale

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Overview of the Statement of Cash Flows

This course provides a basic overview of the statement of cash flows.  This includes a discussion of the method of presentation, the classification of various cash inflows and cash outflows, as well as an illustrative example of the indirect method of presentation.  The accounting requirements with respect to the statement of cash flows is prescribed within ASC Topic No. 230.

Learning Objectives:

Upon completion of this course, you will be able to:

List the different methods used for presenting the statement of cash flows

Differentiate between operating, financing, and investing activities in the statement of cash flows

Recognize how a statement of cash flows is prepared using the indirect method


Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
 

Click here to view cancellation and record retention policies

 

 

What You Need to Know About Cash Flow

The statement of cash flows is one of the most important, if not the most important, financial statements prepared by an entity.  Of particular focus on this statement is the cash flow from operations which presents the amount of cash an entity is generating from its core business operations.  This course provides an overview of the requirements for preparing a statement of cash flows and discusses many other key cash flow related topics in additional detail.  The accounting requirements with respect to the statement of cash flows is prescribed within ASC Topic No. 230.

Learning Objectives:
Upon completion of this course, you will be able to:
List the different methods used for presenting the statement of cash flows
Differentiate between operating, financing, and investing activities in the statement of cash flows
Recognize how a statement of cash flows is prepared using the indirect method
Identify cash flow classification for various types of transactions
Recognize disclosures requirements with respect to cash flow transactions

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Description:
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.
This course is divided into four parts. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor’s role in Enron’s collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability.  Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.

Learning Objectives:
After studying this course, you will be able to:
Identify techniques used to manipulate a company’s financials  
Recognize common financial reporting issues
Recognize measurement and recognition of employee stock-based compensation
Identify regulations that protect investors from unethical business practices  
Recognize how Sarbanes Oxley Act improves corporate behavior and enhances audit quality
Identify laws that govern social responsibilities of business
Recognize the role of good corporate governance in protecting shareholder value

Field of Study:    Accounting
Level of Knowledge :   Overview
Prerequisite:    None
Advanced Preparation:    None
 
Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Cash Flow Reporting & Other Financial Statement Disclosure Hot Topics

Course Overview:
This course provides an overview of the statement of cash flows, one of the most important, if not the most important, financial statements prepared by an entity, as well as other key financial statement disclosure topics.  Chapter 1 focuses on cash flow reporting and Chapter 2 focuses on disclosure requirements related to revenue recognition, leasing, business combinations, CECL, and segments.  While there may not be direct linkage among cash flow and these disclosure topics, this course is intended to provide an overview of several of the key areas.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Supplier Finance Programs – What You Need to Disclose

Course Overview
This course provides an overview of the disclosure requirements with respect to supplier finance programs.  Supplier finance programs, also referred to in many other ways such as reverse factoring, are solutions and processes that companies use to optimize cash flow by allowing for longer payment terms while also providing the option for their suppliers to get paid faster.    

Learning Objectives
Upon completion of this course, you will be able to:
Identify the characteristics of a supplier finance program
Recognize programs within the scope of supplier finance program disclosures
Identify the annual qualitative and quantitative disclosure requirements
Identify interim disclosure requirements

Course Overview
Factoring is a type of transaction where an entity sells it customer receivables to a financial intermediary who then in turn collects payment from the entity’s customers.  Many entities employ this strategy to accelerate cash collection.  This course provides an overview of the accounting and reporting requirements with respect to accounts receivable factoring programs as well as the conditions that must be met in order to recognize the transfer of these financial assets as a “true sale” instead of a secured borrowing.  
Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize key characteristics as well as advantages/disadvantages of factoring arrangements
•    Identify the U.S. GAAP area applicable to factoring arrangements
•    List the three specific conditions that must be met for a factoring arrangement to qualify as a sale
•    Recognize key evaluation considerations relating to true sale opinions
•    Identify examples of continuing involvement
•    Recognize the impact from a failed sale in a factoring arrangement

 

 

Additional Contents :

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
A true sale opinion is an attorney’s conclusion that transferred financial assets have been sold and are beyond the reach of a transferor’s creditors and that a court would conclude that the assets would not be included in the transferor’s bankruptcy estate.  There are many considerations related to these types of opinions, perhaps most importantly is how they are evaluated and whether they can be relied on as evidence.  In this course, we explore many of the burning questions as it relates to true sale opinions.

Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize when a true sale opinion is generally required to be obtained
•    Identify considerations regarding whether internal legal counsel can issue a true sale opinion
•    List specific language that should not be included in a true sale opinion
•    Recognize characteristics of a nonconsolidation opinion

 

Additional Contents :

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Know The Differences Between an Asset Acquisition vs. Business Combination

Course Overview
This course provides an overview of determining whether an acquisition should be accounted for as a business combination or simply as an acquisition of assets.  This includes a focus on whether substantially all of the fair value of the gross assets acquired are concentrated in a single identifiable asset or a group of similar identifiable assets.  This course also provides several comprehensive examples which walk through the application of the respective accounting guidance.

Learning Objectives
Upon completion of this course, you will be able to:
Recognize key differences between assets acquisitions and business combinations
Identify the factors considered in determining whether an acquisition is a business combination
Recognize if substantially all of the fair value of an acquisition is concentrated in a single asset or group of similar assets
Identify indicators of an organized workforce

Additional Contents :

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Introduction
Every business has both current and long-term liabilities that must be tracked and recorded. Accounting for Current and Long-Term Liabilities is a course that discusses important characteristics of liabilities and how liabilities are classified and reported in financial statements. This course will identify how to distinguish between current and long-term liabilities. This course will identify what liabilities are classified as current liabilities and what liabilities are classified as long-term liabilities. This course will also provide examples of recording both current and long-term liabilities.

Learning Objectives
At the end of this course, students will be able to:
    Identify the criteria for a liabilities
    Recognize what differentiates a current liability from a long-term liability
    Identify the nature and recording of current liabilities
    Recognize the disclosure criteria for contingent liabilities
    Recognize the recording criteria for payroll and payroll related taxes
    Identify the nature and recording of long-term liabilities

CPE Credit: 2
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Accounting
Program Prerequisites: None
Advanced Preparation: None

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Introduction
Internal controls are required to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. This course will describe the importance of internal controls and the purpose of audit committee. This course will review the goals for internal controls and discuss the internal control framework used by most companies based in the United States. This course will describe the interrelated components for an effective internal control system. This course will discuss the importance of identifying audit risk. Finally, this course will discuss the difference between control deficiency, significant deficiency, and material weakness.

Course Objectives
At the end of this course, students will be able to:
    Identify the purpose of internal controls.
    Recognize the goals for internal controls.
    Recognize the role that internal controls play for the accuracy of financial statements.
    Recognize the reasonable assurance and inherent limitations for internal controls.
    Identify the components of an effective internal control system.
    Recognize the purpose of risk assessment for internal controls.


CPE Credit: 2
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Accounting
Program Prerequisites: None
Advanced Preparation: None

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Introduction
All business entities require information to operate efficiently and effectively. The accounting system is one of the most important systems for the organization’s decision makers. Accounting information systems collect and process data from transactions and events, organize them in useful reports, and communicate results to decision makers. Accounting Systems and Financial Statements is a course that will describe what information must be collected to properly report on a business. This course will describe the four major types of financial statements and define the standards that are used to create financial reports. This course will define the various elements for the four major financial statements. This course will review the framework for adjustments and describe the common adjustments that must be made at the end of each accounting period, so they are accurate.

Learning Objectives
At the end of this course, students will be able to:
    Identify the organization that are responsible for creating financial statements.
    Recognize the underlying foundations for U.S. accounting standards.
    Identify the SFACs that define the important characteristics of financial statements.
    Identify the four basic assumptions underlie GAAP.
    Recognize the five measurement attributes employed in GAAP.
    Recognize the adjustments that must be made at the end of each accounting period so financial statements are accurate.

CPE Credit: 3
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Accounting
Program Prerequisites: None
Advanced Preparation: None

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Description:

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 replaces virtually all (including industry-specific) U.S. GAAP
revenue guidance with a single model. The standard does not just change the amounts and timing of revenue but
potentially affects organizations’ financial statements, business processes, and internal control over financial
reporting. The standard also affects other related accounting topics such as contract modification, rights of return,
licensing, principal-versus-agent considerations, and income tax. Moreover, the standard creates new and
expanded disclosure requirements.
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 and identify the implications of it. It
provides a working knowledge of the fundamentals of the revenue standard that can be applied, regardless of the
company size, in the real world.

Field of Study Accounting
Level of Knowledge Overview
Prerequisite General Accounting
Advanced Preparation None

This course provides a detailed overview of the key principles and requirements with respect to revenue recognition and leasing transactions.  Both of these areas witnessed substantial changes made in years past by the FASB.  This course takes a quick trip down memory lane to explore how both of these standards evolved, and then takes the user down a detailed path of understanding the key financial reporting requirements of each.

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
This course offers a comprehensive overview of forensic accounting, covering the standards guiding these professionals, the essential qualifications, and the experience necessary for success in this field.  Additionally, this course also outlines a basic five-step process designed to facilitate thorough and meticulously documented engagements, supplemented with examples of the techniques employed by forensic accountants.  

Learning Objectives
Upon completion of this course, you will be able to:
  Recognize the key objectives of forensic accounting
  Identify techniques that forensic accountant use to perform engagements
  Recognize the standards which forensic accountants should follow
  Identify the importance of maintaining a clear audit trail in a forensic engagement

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

 

 

Course Overview
This course provides an overview of key SEC regulations that accountants should be familiar with.  This includes a discussion of the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as specific Regulations including Regulation S-X, Regulation S-K, and Regulation FD.  This course also provides some examples of how companies may be in violation of certain of these Regulations.  Finally, this course concludes with a discussion of some of the key requirements of the Sarbanes-Oxley Act which seeks to enhance corporate transparency, accountability, and governance practices.

Learning Objectives
Upon completion of this course, you will be able to:
  Identify key requirements related to the Securities Act of 1933 and Securities Exchange Act of 1934
  Recognize specific requirements included in Regulations S-X, S-K, and FD
  Distinguish between requirements included in Regulation S-X and S-K
  Recognize key requirements of the Sarbanes Oxley Act of 2002
 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview
On March 6, 2024, the SEC released its long-awaited final rules with respect to climate-related disclosures for public companies.  These rules reflected the SEC’s attempt at responding to investors’ demand for more information about climate-related risks while also balancing the costs of implementing the disclosure requirements.  This course provides an overview of the climate-related disclosure requirements along with information about when public companies must start including these disclosures in their respective filings. 

    
Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize how the SEC climate-related disclosures have evolved
•    Identify types of climate related risks
•    Differentiate between Scope 1, 2, and 3 emissions
•    Recognize qualitative and quantitative climate-related disclosures
•    Identify assurance requirements and compliance dates for different types of entities

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

SEC Climate-Related Disclosures – Overview

Course Overview
On March 6, 2024, the SEC released its long-awaited final rules with respect to climate-related disclosures for public companies.  These rules reflected the SEC’s attempt at responding to investors’ demand for more information about climate-related risks while also balancing the costs of implementing the disclosure requirements.  This course provides brief overview of the climate-related disclosure requirements along with information about when public companies must start including these disclosures in their respective filings.   

 
Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize how the SEC climate-related disclosures have evolved
•    Identify types of climate related risks
•    Recognize qualitative and quantitative climate-related disclosures
•    Identify assurance requirements and compliance dates for different types of entities

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Course Overview

On March 6, 2024, the SEC released its long-awaited final rules with respect to climate-related disclosures for public companies.  These rules reflected the SEC’s attempt at responding to investors’ demand for more information about climate-related risks while also balancing the costs of implementing the disclosure requirements.  This course provides a high-level overview of the climate-related disclosure requirements along with information about when public companies must start including these disclosures in their respective filings.

     
Learning Objectives
Upon completion of this course, you will be able to:
•    Recognize how the SEC climate-related disclosures have evolved
•    Identify types of climate related risks
•    Differentiate between Scope 1, 2, and 3 emissions
•    Recognize qualitative and quantitative climate-related disclosures 

     Identify assurance requirements and compliance dates for different types of entities

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Accounting & Reporting for Crypto Assets

Course Overview
This course provides an overview of the accounting and financial reporting requirements with respect to crypto assets.  This includes a discussion of the types of assets that are within the scope of the guidance for crypto assets along with recognition, presentation, and disclosure requirements.  

Learning Objectives
Upon completion of this course, you will be able to:
* Recognize the criteria for determining what constitutes a crypto assets based on U.S. GAAP
* Identify the recognition requirements for crypto assets
* Recognize the way in which crypto assets are presented on an entity's financial statements
* Identify disclosure requirements with respect to crypto assets

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies