Accounting

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Business/Industry
Business/Industry
Public
Public


 Title  Credit  Format  Price  View
+    Not-For-Profit Accounting: Reporting And Analysis 5 Online $34.99 View

Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires not-for-profit organizations to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) ---colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze financial fitness of NFPOs.

 

Click here for Course Objectives 

+    Specialized Industry GAAP: Entertainment 2 Online $14.99 View

Specialized Industry Gaap: Entertainment  This course discusses all of the important authoritative pronouncements on GAAP for entertainment industries. This course addresses accounting principles, financial reporting presentation requirements, required and recommended disclosures for the entertainment industries such as broadcast, cable television, film, and music.

Each citation in this course will have its ASC topic number and description, ASC citation (XXX-YY-ZZ-PP).

 

Field of Study

Accounting

Level of Knowledge

Overview

Prerequisite

None

Advanced Preparation

None

 

Click here for Course Objectives

 

 

 

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
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+    The Balanced Scorecard - Strategic-Based Control 3 Online $19.99 View

The Balanced Scorecard (BSC) is a strategic-based responsibility accounting system that converts an organization’s mission and strategy into operational objectives and measures for four perspectives: the financial perspective, the customer perspective, the internal process perspective, and the learning and growth perspective. The course addresses the main features of the Balanced Scorecard and its implementation. Presented are several notable case studies that implemented and applied the BSC.

 

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 cancelation and record retention policies

+    Balance Sheet Stockholder's Equities 3 Online $24.99 View

Learning Objectives: 

After completing this chapter, you should be able to: 

 Identify proper accounting procedures for common and preferred stock 

 Recognize accounting methods for acquisition of treasury stock. 

 Recognize how dividends, stock splits, stock warrants and stock rights affect stockholders’ equity. 

+    Economic Indicators 10 Book $119.00 View

Introduction

 

Economic indicators are those often-voluminous statistics released by government agencies, non-profit organizations and even private companies. They provide measurements for evaluating the health of our economy, including the latest business cycles, consumer spending, inflation, housing, and so on. Various economic indicators are released quarterly, monthly, weekly, and even daily.

 

This course provides an introductory overview of the world’s most prevalent economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade. This course reviews the impact that changes in these indicators have on the financial markets and monetary policy.

 

 

Learning Objectives

 

After completing this course, participants should be able to:

 

·         Identify the types of economic indicators that exist and recognize the unique characteristics of each type.

·         Recognize the characteristics and economic impact of key economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade.

·         Identify the components of gross domestic product (GDP) and recognize how economic indicators impact these components.

 

·         Recognize how changes in economic indicators and the actions of the Federal Reserve impact financial market activity.

+    IFRS in the USA 7 Online $69.99 View

Introduction

 

International Financial Reporting Standards (“IFRS”) represents the international alternative to U.S. Generally Accepted Accounting Principles. Most of the world already communicates with investors and stakeholders about corporate financial performance in the language of IFRS. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible.

 

This course provides an introductory overview of International Financial Reporting Standards, including detailed discussions of the impact that adopting IFRS will have on businesses. This course also includes comprehensive reviews of the IASB structure and its standard-setting process, the basic framework that serves as the foundation for IFRS and the differences that exist between U.S. GAAP and IFRS.

 

 

Learning Objectives

 

After completing this course, participants should be able to:

 

  • Define “IFRS” and recognize practices consistent with the due process followed when developing and issuing IFRS.

·         Recognize the basic concepts by which financial statements are prepared under IFRS.

 

  • Identify the primary differences that exist between IFRS and U.S. GAAP as well as the efforts by the IASB and the FASB to eliminate these differences.
  • Recognize the costs and benefits associated with adopting IFRS.
+    Fraud Detection Tools 2 Book $19.99 View

Course Description:

Two tools for fraud detection are discussed in this course; Benford’s Law and the Beneish M Score.  Benford’s Law predicts the probability of the distribution of first digits in a set of accounting numbers.   For the first digit, one is the most likely occurrence, followed by two, etc.  In a large population of accounting transactions, by comparing the actual occurrence of first digits in accounting numbers to the Benford distribution, areas of concern are highlighted for further analysis and evaluation. 

The Beneish M Score quantifies the possibility of financial manipulation occurring in financial statements.  If the M Score is greater than (or less negative than) -2.22, it is likely that there is some manipulation of the financial results. 

Both of these are powerful tools in the detection of fraud.  Benford’s Law assists in the detection of transactional fraud while the Beneish M Score assists in the detection of fraud in financial reporting.



Learning Objectives

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

·         Describe how to use Benford’s Law to detect potential fraud

·         Define situations where Benford’s Law is and is not applicable

·         Describe the Beneish M Score and its components

 

 

Prerequisites: None

Level: Overview

+    Financial Ratio Analysis - Practical Uses for the CPA 4 Online $29.99 View

Course Description:

Financial ratio analysis is an effective tool for CPAs to evaluate and analyze financial trends to highlight operational efficiencies and inefficiencies. For the CPA in the attest function, financial ratios can be an important tool for audit planning to identify operational issues as well as any potential going concern questions that should be addressed. Through the use of example financial statements, this course demonstrates the practical uses of:

·         Common sized financial statements

·         Commonly used financial ratios

·         The DuPont Model for evaluating return on equity

·         Ratios to forecast working capital

·         Cash flow ratios to identify potential liquidity issues

 

 

Learning Objectives

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

·         Recognize the elements of common sized financial statements

·         Compute commonly used financial ratios

·         Differentiate the implications of each ratio to the company being measured

·         Recognize the elements of the DuPont model

·         Recognize the use of ratios to forecast certain working capital account balances

·         Compute commonly used cash flow ratios

 

 

Prerequisites: None

Level: Overview

NASBA Category: Accounting

 

Recommended CPE:  4 Hours

+    Revenue and Margin Analysis 2 Online $24.99 View

 

Course Description:

The comparison of actual revenue or margin amounts to either budget or prior year results will generally result in a variance.  This course demonstrates mathematical formulas to compute the amount of that variance that is attributable to pricing decisions, unit volume and product mix.  In the case of margin variances, the calculation for product cost is an additional component.  This method is an important tool to clearly and concisely explain revenue and margin variances to marketing, operations and executive personnel.  Specific topics covered are the calculation of the price, volume, mix and cost components as well as an explanation of the concept of product mix.  Applicable to CPA’s working in the manufacturing or distribution industry as well as CPA’s in public accounting who serve these industries.

 

 

Learning Objectives

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

·         Identify appropriate explanations for revenue and margin variances

·         Define and compute the price variance component at the revenue and margin levels

·         Define and compute the volume variance component at the revenue and margin levels

·         Define and compute the product mix variance component at the revenue and margin levels

·         Define and compute the product cost variance component at the margin level

 

 

Prerequisites: None

Level: Overview

NASBA Category: Accounting

Recommended CPE:  2 Hours

+    Crossing the Line Fraud Case Studies 1 Online $14.99 View

Course Description:

This course is based on two recent financial statement fraud cases; Dewey & LeBouef and ContinuityX.  Dewey & LeBouef was a high-profile law firm that, at its peak, had over 3,000 employees and over 1,400 lawyers.  It is alleged that personnel at Dewey & LeBouef made inappropriate financial adjustments starting in 2008 to meet its bank lending covenants and planned to conceal these adjustments from its “clueless auditor”.  Dewey & LeBouef declared bankruptcy in 2012.  

ContinuityX was an internet services reseller that, according to an SEC complaint, fabricated 99% of its revenue.  It was audited by a firm that was fined and disciplined by the SEC and the partner responsible for the audit was also fined and permanently suspended from practicing before the SEC.  ContinuityX declared bankruptcy in 2013.

Both cases involve financial statement fraud, auditor deception and some lessons to be learned. 

 

 

Learning Objectives

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

·         Recognize the primary elements of financial statement fraud in the Dewy & LeBouef and ContinuityX cases

·         Associate the primary elements of financial statement fraud in the cases in this course with audit procedures that may have detected the fraud

 

 

 

 

 

Prerequisites: None

Level: Overview

NASBA Category: Auditing

Recommended CPE:  1 Hour

+    Accounting Fraud: Recent Case Studies 1 Online $14.99 View

Course Description
This course uses cases of three recent accounting frauds to demonstrate the importance of internal controls, management oversight by the board of directors and an organizational emphasis on ethics in the prevention of fraud. It also examines the CPA auditor’s responsibility for internal controls and the prevention and detection of fraud as part of its work. The case studies utilized relate to Koss Corporation, Fair Finance Company and Diamond Foods.

 


Learning Objectives
After completing this course, you will be able to
 Recognize the auditor responsibility for internal controls and fraud detection as part of its audit
 Associate fraud with inadequate internal controls
 Recognize the importance of independent board of director and audit committee oversight in the prevention of fraud