Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs

Course Overview
This course provides CPAs with a comprehensive understanding of derivatives and hedging in financial management. Participants will explore the fundamentals of derivatives, their strategic role in risk management, and the differences between hedge accounting and traditional accounting methods. The course specifically covers fair value, cash flow, and net investment hedges, and discusses their practical applications.  This course also addresses hedge accounting, including designation, documentation, and effectiveness testing.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify derivatives' strategic role in financial risk management
•    Recognize differences between hedge accounting and traditional methods
•    Distinguish fair value, cash flow, and net investment hedges in practice
•    Determine key steps in hedge accounting: designation, documentation, and effectiveness testing
•    Differentiate how fair value, cash flow, and net investment hedges mitigate financial risks

New Course  7/23/24

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

Earnings Management: Advanced Techniques

Course Overview

This course provides an overview of advanced earnings management techniques and their ethical implications. This course addresses advanced methods such as financial engineering, tax planning, big bath accounting, accounting policy changes, and round-trip transactions. Throughout this course, the ethical considerations inherent in these techniques are addressed through a series of example situations.  

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify financial engineering techniques in advanced earnings management
•    Distinguish legitimate tax planning from earnings management strategies
•    Determine the impact of big bath accounting on financial reporting
•    Differentiate permissible changes in accounting policies from manipulative adjustments
•    Recognize risks associated with round-trip transactions in earnings management
 

New Course 7/17/2024

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

Blockchain Essentials for CPAs: Core Principles and Uses

Course Overview
This course provides an overview of blockchain technology and some of its implications for the accounting profession. It covers the fundamentals of blockchain, its applications in accounting, and the potential benefits and challenges. The course is designed for CPAs and accounting professionals seeking to better understand blockchain technology and how it can be used to potentially enhance their accounting processes.  

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify key components and concepts of blockchain technology
•    Recall steps in blockchain transactions and consensus mechanisms
•    Distinguish between blockchain and traditional databases
•    Recognize use cases of blockchain for CPAs

New Course 7/23/24

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

Earnings Management: Foundation Techniques

Course Overview
This course provides an overview of earnings management techniques and their ethical implications. This course covers basics like revenue recognition timing, expense manipulation, provision adjustments, income smoothing, and cost-cutting. Throughout this course, the ethical considerations inherent in these techniques are addressed through a series of example situations.  

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify methods of revenue recognition timing used in earnings management
•    Recognize examples of expense manipulation techniques
•    Recognize the impact of asset valuation adjustments on reported financial performance
•    Differentiate between income smoothing and cost-cutting strategies
 

New Course 7/17/2024

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

Hedge Accounting Basics: What You Need to Know

Course Overview
This course provides CPAs with an overview of hedge accounting.  This includes a discussion of the differences between hedge accounting and traditional accounting methods as well as information about fair value, cash flow, and net investment hedges.  This course also addresses hedge accounting, including designation, documentation, and effectiveness testing.

Learning Objectives
Upon completion of this course, you will be able to:
•    Distinguish fair value, cash flow, and net investment hedges in practice
•    Determine key steps in hedge accounting: designation, documentation, and effectiveness testing
•    Differentiate how fair value, cash flow, and net investment hedges mitigate financial risks

New Course 7/23/24

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

Demystifying Derivatives: Essential Concepts for CPAs

Course Overview
This course provides CPAs with a general understanding of derivatives in financial management. Participants will explore the fundamentals of derivatives, their strategic role in risk management, and their practical applications. The course specifically covers the various types of derivatives, their valuation, and their implications for financial reporting.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify the various types of derivatives and their key characteristics.
•    Recognize the strategic role of derivatives in financial risk management.
•    Determine the financial reporting implications of using derivatives in an organization's financial statements.
 

New Course 7/23/24

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
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

Revision Date:3/29/24

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

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

Revision Date: 12/23/2023

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

Revision Date:  8/31/2022
 
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 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

Revision Date: 12/20/23

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

Revision Date: 5/12/2022

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

         Revision Date: 8/16/2022

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

GAAP Hot Topics – What You Need to Know

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.  
 

Learning Objectives:
•    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
•    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
•    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
•    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
•    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
•    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
•    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

Revision Date: 12/20/2023

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.    

Learning Objectives:
Upon completion of this course, 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
•    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

Revision Date: 12/20/2023

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

Revision Date: 12/20/23

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

Revision Date:  5/12/2022

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

Revision Date: 5/12/2022

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.

Revision Date: 9/2/22

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

Revision Date:  10/10/2022

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
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

Revision Date: 10/12/2022

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

Revision Date: 10/12/2022

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

Revision Date:  10/18/2022

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 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

Revision Date: 8/16/2022

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.  

Revision Date: 8/29/22
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

Revision Date:  8/29/22

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

Course Description:

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

Revision Date:  8/29/22

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 company’s financial statements sometimes report significantly different results from year to year. This may be due to changes in economic circumstances, but it may also be due to changes in accounting methods or corrections of errors in recording past transactions. Changing the accounting method used can have a dramatic impact on a company’s financial statements. This course provides a comprehensive overview of the accounting treatments and disclosure requirements pertaining to accounting changes and error corrections as stipulated in ASC 250 Accounting Changes and Error Corrections. It discusses the different types of accounting changes and error corrections and the related reporting implications within an entity’s financial statements. Specifically, it includes excerpts from and references to ASC 250, interpretive guidance, and examples. It also provides insights from the Securities and Exchange Commission (SEC) staff.

 Field of Study

 Learning Objectives

After studying this course, you will be able to:

1.       Identify the different types of accounting changes and error corrections

2.       Recognize how to account for accounting changes and error corrections

3.       Identify the effect of errors in prior-period financial statements

Revision Date:8/31/22

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

International Financial Reporting Standards (IFRS) is the framework used by many publicly traded companies around the world today to report their financial results. With support from important constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from accounting and reporting framework currently in place in the United States to IFRS.  In an effort to better understand how convergence will affect financial reporting in the United States, depending on the IFRS implementation action taken by the SEC, this course examines some of the material differences that currently exist between U.S. GAAP and IFRS.

Click here for Course Objectives

Revision Date 1/2021

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 February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (ASC 842) providing new requirements of financial accounting and reporting for lessees and lessors. This new standard represents the first comprehensive overhaul of lease accounting since FAS 13 was issued in 1976. The new guidance will affect entities across all industries because most companies enter into contracts that contain leases to support their business operations. Lessees will likely see the most significant changes as they are required to recognize substantially all leases on their balance sheets with a corresponding right-of-use asset. While lessor accounting remains similar to previous guidance in most respects, there are some important changes. For example, certain principles of the lessor model are updated to align with changes to the lessee model and the new revenue recognition standard (ASC 606).

The new lease guidance introduces significant changes to lease accounting, such as lessees’ recognition of lease assets and liabilities, an exception for short-term leases, elimination of leveraged leases, new criteria for reporting sale-leaseback transactions, increased use of judgment, and expansive disclosures. Moreover, entities are required to use a modified retrospective approach to reflect the effect of the new guidance in the earliest year presented in the financial statements. As a result, implementation of ASC 842 could have a significant impact on companies’ financial operations - from general accounting and financial reporting, treasury, IT systems, tax, budgeting to forecasting functions. The change in lease standard presents both a challenge and an opportunity to enhance internal control and optimize the lease accounting and administration processes.

To minimize disruptive missteps and costly noncompliance, entities need to take a timely and thorough approach. This course is designed to help you navigate the complexities of this standard, identify the implications of it, and prepare for transition and implementation. It provides a working knowledge of the fundamentals of lease standards that can be applied, regardless of the company size, in the real world. 

  Revision Date: 1/25/23

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
Click here to view cancellation and record retention policies

Course Description

A derivative is a financial instrument or other contract that derives its value from the movement of prices, interest rates, or exchange rates associated with an underlying item. Uncertainty about the future fair value of assets and liabilities or about future cash flows exposes firms to risk. One way to manage the risk associated with fair value and cash flow fluctuations is through the use of derivatives. The derivatives and hedging guidance codified in ASC 815, Derivative Instruments and Hedging Activities is considered as one of the challenging areas in GAAP due to its extensiveness and complexity.

This course provides an accountant-friendly overview of derivative instruments and hedge accounting. It discusses derivatives, including the definition of a derivative, scope exceptions to ASC 815, types of risks, accounting requirements, and guidance on embedded derivatives. It addresses the requirements for applying hedge accounting and the specific requirements for fair value hedges, cash flow hedges, and net investment hedges. It also discusses the presentation and disclosure requirements. Finally, the course identifies special situations such as servicing of financial assets and mortgage servicing rights.

Learning Objectives: After studying this course, you will be able to:

1.    Identify the attributes of conventional and derivative financial instruments.

2.    Recognize the criteria to qualify for hedge accounting.

3.    Identify the accounting requirements for different derivatives and the related disclosure requirements.

Field of Study:  Accounting

Level of Knowledge:  Advanced

Prerequisite: GAAP Accounting

Advanced Preperation: 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

Introduction

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 6 of the IFRS Learning Module series presents an overview of IAS 33 Earnings per Share; this overview includes a detailed discussion of the processes for calculating and reporting earnings per share measurements in IFRS financial statements. The course also discusses the IASB’s and FASB’s efforts towards achieving convergence in EPS reporting.


Learning Objectives

After completing this course, participants should be able to:

•    Calculate basic and diluted earnings per share.
•    Describe the presentation and disclosure requirements of IAS 33.
•    Describe the similarities and differences between IFRS and U.S. GAAP in the area of earnings per share.


Field of Study: Accounting (100%)
Prerequisites: None
Level: Overview

Revision Date: 8/18/2023

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

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 7 of the IFRS Learning Module series presents an overview of IAS 16 Property, Plant and Equipment, the accounting standard for classifying and measuring property, plant and equipment (also known as ‘fixed assets’) in IFRS financial statements. The course also discusses the IASB’s and FASB’s efforts towards achieving convergence in fixed assets reporting.


Learning Objectives

After completing this course, participants should be able to:

•    Explain the proper accounting treatment for acquisitions of property, plant and equipment (and other associated costs) under IFRS.
•    Calculate depreciation using the methods permitted under IAS 16.
•    Describe the process for determining whether or not a long-lived asset is impaired under IAS 36.
•    Distinguish between the ‘cost’ and ‘revaluation’ accounting models (as described in IAS 16).
•    Describe the similarities and differences between IFRS and U.S. GAAP in the area of property, plant and equipment.


Field of Study: Accounting (100%)
Prerequisites: None
Level: Overview

Revision Date: 8/18/2023

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

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 5 of the IFRS Learning Module series presents an overview of IFRS 8 Operating Segments; this overview includes a detailed discussion of the processes for identifying, aggregating and reporting operating segments in IFRS financial statements. The course also discusses the IASB’s and FASB’s efforts towards achieving convergence in segment reporting.


Learning Objectives

After completing this course, participants should be able to:

•    Explain the process for identifying operating segments under IFRS 8.
•    Identify reportable segments based on the guidelines and quantitative thresholds provided in IFRS 8.
•    Describe the disclosure requirements of IFRS 8.
•    Describe the similarities and differences between IFRS and U.S. GAAP in the area of segment reporting.


Field of Study: Accounting (100%)
Prerequisites: None
Level: Overview
Revision Date: 8/18/2023

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
Accounting for income taxes is one of the more challenging topics of financial accounting. Corporations must file income tax return following the guidelines developed by the IRS.  Because GAAP and tax regulations differ in a number of ways, so frequently do pretax financial income and taxable income. Hence, the amount that a company reports as tax expense will differ from the amount of taxes payable to the IRS.  Those differences produce a complex accounting standard.
This course is designed to help you navigate the complexities of this topic. It covers the accounting and financial reporting requirements for income taxes discussed in ASC 740 Income Taxes. It addresses the basic principles such as the asset and liability method, assessment for uncertain tax positions, and the effect of temporary differences.  It explains the process of accounting for income taxes, including valuation allowance, asset acquisition, intraperiod allocations, and interim reporting. It describes presentation and disclosure requirements. It also provides specific examples to illustrate the application. Relevant references to and excerpts from ASC 740 are discussed throughout the course.

Learning Objectives
After studying this course, you will be able to:
1.    Recognize the basic principles of accounting for income taxes
2.    Identify recognition and measurement requirements for uncertain tax positions
3.    Recognize temporary differences and identify how these differences may arise
4.    Distinguish between permanent and temporary differences
5.    Identify method for computing deferred taxes
6.    Recognize basic rules for income taxes in interim reporting
7.    Recognize the reporting requirements for income taxes

Field of Study    Accounting
Level of Knowledge    Intermediate
Prerequisite    Understanding of GAAP
Advanced Preparation    None
CPE    6

Revision Date: 12/1/22

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 today’s modern economy, the growth of foreign operations is continuing upward and the number of companies with foreign operations has expanded. For example, a company often operates in different economic and currency environments to stay competitive in the global marketplace. Thus, it must have a process for reporting foreign currency balances to address several financial reporting issues, such as determining functional currencies, accounting for foreign currency transactions, and translating its foreign entity’s financial statements. ASC 830 Foreign Currency Matters provides guidance for transactions denominated in a foreign currency, and for operations undertaken in a foreign currency environment. This course covers key aspects of the guidance and includes specific examples to illustrate its application. Relevant references to and excerpts from ASC 830 are discussed throughout the course.

Field of Study    Accounting
Level of Knowledge    Intermediate
Prerequisite    None
Advanced Preparation    None
    
Learning Objectives  
After completing this section, you should be able to:
1.    Recognize key areas of guidance in ASC 830 Foreign Currency Matters
2.    Identify steps to remeasure foreign currency transactions to the functional currency
3.    Identify steps to translate foreign currency financial statements to the reporting currency
 

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 courser addresses income statement accounting and reporting. It discusses a variety of accounting issues surrounding income statement items and related information; the format of the income statement, major income statement categories, extraordinary and nonrecurring items, discontinued operations, research and development costs, deferred compensation arrangements, share-based payment, compensation expense arising under a stock option plan, insurance costs, and earnings per share (EPS) calculation.   

Click here for Course Objectives

Revision Date: 2/27/2023

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 discusses generally accepted accounting principles (GAAP) for assets. It includes a discussion of accounts and loans receivable, inventory, prepaid expenses, fixed assets, capitalized interest, exchange of assets, impairment of assets, involuntary conversion, intangibles, and transfer of financial assets. Promulgated GAAP for current assets is provided in ASC 210-10-45-1 through 45-3, Balance Sheet: Overall. Current assets have a life of one year or the normal operating cycle of the business, whichever is greater. The accounting policies and any restrictions on current assets must be disclosed.

Click here for Course Objectives

Revision Date: 5/1/21

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 discusses the accounting, reporting, and disclosures associated with liabilities covered in ASC 210-10-45-5 through 45-12 and 470-10, Balance Sheet: Overall. Topics include loss contingencies, compensated absences, termination benefits, troubled debt restructuring, refinancing of current to noncurrent debt, callable obligations by creditors, issuance of bonds, calling debt, imputing interest on noninterest notes payable, environmental liabilities, and offsetting of liabilities.

Click here for Course Objectives

Revision Date: 5/1/21

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:
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

Revision Date:  1/4/2017

Prerequisites: None
Level: Overview
NASBA Category: Accounting
Recommended CPE: 2Hours

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 discusses why digital assets should be included in the estate planning process. It then walks you through the steps you need to consider when planning for digital assets and overviews some factors that should be considered during this process. Finally, it discusses some of the difficulties and solutions of managing digital assets due to corporate and state restrictions.

Learning Objectives:

·        Recognize the difficulty in accessing digital assets of a deceased person.

·        Identify digital assets.

·        Identify critical components of digital asset planning

·        Recognize the difference between owned and leased digital assets.

·        Recognize the approaches corporations and states are taking with accessing digital assets of deceased individuals.

Field of Study: Finance

Recommended CPE: 1 Hour

Revision Date: 2/8/23

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 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

Revision Date: 1/2021

Prerequisites: None

Level: Overview

NASBA Category: Auditing

Recommended CPE:  1 Hour

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

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. 

Revision Date:  5/1/21

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

 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.

Revision Date:8/16/2023

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

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.

Revision Date: 8/16/2023

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:

The full disclosure principle, one of the major accounting principles, requires that information provided in financial statements be sufficiently complete to avoid misleading users of the reports by omitting significant facts of information. The full disclosure principle also refers to revealing information that would be useful in the decision-making processes of informed users. This course discusses the disclosures required of companies, including those related to accounting policies, long-term purchase contract obligations, segmental information, related parties, risks and uncertainties, and interim financial reporting. This course also provides real-world examples to illustrate the application.

Learning Objectives:
After completing this section, you should be able to:
       1.    Recognize the full disclosure principle and its implementation
       2.    Identify information disclosed in the summary of significant accounting policies
       3.    Recognize common disclosures relating to accounting policies (e.g., revenue recognition, hedges)
       4.    Identify disclosure requirements for subsequent event, major business segments, related party transactions, risks and uncertainties, and interim financial reporting


Field of Study    Accounting
Level of Knowledge    Basic to Intermediate
Prerequisite    Basic Accounting
Advanced Preparation    None

Revision Date: 4/19/2022

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

CPAs must have a working knowledge of future value and present value concepts because of their application to numerous types of business events and transactions that require proper valuation and presentation. Time value of money is also a critical consideration in financial and investment decisions. For example, compound interest calculations are needed to determine future sums of money resulting from an investment.  Discounting is used to evaluate the future cash flow associated with capital budgeting projects. This course aims at presenting the time value tools and techniques that are necessary for fair value measurements and for various financial decisions.

Click here for Course Objectives

Revision Date: 1/10/2024

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 4 hour course is designed to meet the 4 hour Ethics CPE requirement for Florida CPAs.  It provides an overview of ethical thought along with the core values of the CPA profession and the application of these values to ethical reasoning.  Chapters 455 and 473 of the Florida Statutes and the related administrative rules found in section 61H1 of the Florida Administrative Code are reviewed along with the AICPA Code of Professional Conduct.  Case studies are utilized throughout the course to emphasize material.

Learning Objectives:

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

·        Recognize the ethical standards contained in the Florida Board of Accountancy rules and related Florida statutes

·        Recognize the ethical standards contained in the AICPA Code of Professional Conduct

Prerequisites: None

Level: Overview

NASBA Category: Ethics

Recommended CPE:  4 Hours

Revision Date: 2/27/2024

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
Click here to view cancellation and record retention policies

Course Description
This course reviews the two standards reflected in the Codification as ASC 805, Business Combinations, and ASC 810, Consolidation. These statements, which require prospective treatment for new business combinations having fiscal years beginning after December 15, 2008, mandate what is referred to as the acquisition method. This course highlights recent FASB guidance in the definition of a business, simplifying the test for goodwill impairment, and private company goodwill alternative.
This course emphasizes both the theory and practice relating to the acquisition method standards. A comparison of old (e.g., poolings of interest and purchase methods) and acquisition method rules will prepare practitioners for dealing with the variety of practices they will encounter at their clients or employers. This course also addresses the preparation of consolidated financial statements, the appropriate treatment of the costs affecting a combination, and other related issues.

Learning Objectives:

Analyze transactions under the new definition of a business
Recognize the accounting and reporting requirements for a business combination using the acquisition method
Recognize accounting alternative for goodwill available to private (nonpublic) companies
Recognize when financial statement consolidation is appro
Identify how consolidation is reported and disclosed
Calculate different valuations recorded in a combined financial statement

Revision Date:  4/19/22

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 on accounting for governmental entities is intended to be used by anyone who would like to gain knowledge of accounting and financial reporting currently recommended for state and local governmental units.

Click here for Course Objectives

Revision Date: 2/15/2022

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

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.

Field of Study Accounting
Level of Knowledge Basic to Intermediate
Prerequisite None
Advanced Preparation None

Click here for Course Objectives 

Revision Date: 2/27/2024

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 reviews best practices in the accounts receivable function of small to medium commercial entities as it relates to invoicing and pricing. It also focuses on credit best practices including credit evaluation, use of Z Score and other ratios and methods to secure customer payment when open ended credit is deemed too risky. Collection best practices are explored including those related to account reconciliation. Payment application, internal controls and available banking technology are also reviewed.

This course is appropriate for any CPA who has a beginning to moderate degree of familiarity with the accounts receivable function.

Course Learning Objectives

To manage the receivables function efficiently

Upon completion of this course, you should:

• Understand the importance of the billing, pricing and credit memo process to accounts receivable best practices • Apply customer credit evaluation techniques • Use the Altman Z score and other ratios in evaluating customers • Understand non-traditional methods to secure customer payment • Apply best practices to the collection function • Appreciate the importance of customer account reconciliation and minimize the time spent on this activity • Understand the importance of internal controls and the payment application function • Be aware of technology available in the banking system to speed payment application and account reconciliation.

Revision Date:8/15/23

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

Arrays are a powerful Excel tool that few people know about. It allows you to take multiple steps and consolidate them into one.

• If you are doing and IF statement in a separate column and then copying it down and then summing or averaging the results - an array will let you do it all in one step.
• Do you sit there and delete error values in a column so that you can sum them? This will show you a more efficient way
• Do you need to compare 2 lists and see what is different on one from the other?... Yes an array simplifies the process.

MATCH, ABS, SUMPRODUCT,SUMIF, NESTED IFs are briefly discussed and used in the Ebook.
The manual walks you slowly through each process. The manual is 42 pages.

Course Learning objectives

• Gain an understanding of who arrays work

• Understand how to utilize arrays in the workplace

Revision Date:10/15/21

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 is divided into three parts. Part I is designed to help you navigate the specialized accounting principles and practices for the media and entertainment (M&E) industry. It discusses all the important authoritative pronouncements on GAAP for broadcasters, cable television, films, and music. Relevant references to and excerpts from ASC 920, ASC 922, ASC 926, and ASC 928 are discussed throughout the course. It also provides specific examples to illustrate the application. Part II focuses on the ASC 606 revenue recognition requirements since it supersedes most industry-specific guidance. Entities across industries are required to follow the guidance of ASC 606. Part III highlights key aspects of the lease standard as leases are common in the M&E industry.

Field of Study    Accounting

Level of Knowledge        Overview

Prerequisite        None

Advanced Preparation   None

Learning Objectives

After reading this chapter you will be able to:

  1.   Recognize the basic principles of accounting for broadcasters, cable television, films, and music.

  2.  Recognize different film costs, including participation costs, exploitation costs, and manufacturing costs, and their accounting.

  3.  Identify the revenue model requirements (e.g. identification of the contract, licenses of intellectual property) that replace the legacy industry-specific revenue guidance.

  4.  Identify the key lease accounting requirements that create significant changes for the M&E companies.

Revision Date:  12/20/2023

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 statement of cash flows is required as part of a full set of financial statements. It must be prepared in conformity with generally accepted accounting principles (GAAP). The statement is not required if the financial statements are prepared on a basis of accounting other than GAAP. The statement must be included in both annual and interim financial statements. This course discusses the requirements of ASC 230, Statement of Cash Flows (ASC 230-10-45-18 and 45-27).

Learning Objective:

After completing this course, you should be able to:

1.      Recognize the use of and the objectives for a statement of cash flows.

2.      Identify between operating, investing, and financing activities, and how different cash variables will affect the statement of cash flows.

3.      Identify differences in the preparation of the statement of cash flows using the direct method vs. the indirect method.

4.      Recognize and calculate how changes and transactions in asset and debt accounts affect the cash flows of a company.

5.      Recognize the cash flow issues addressed by ASU 2016-15, Statement of Cash Flows (Topic 230).

Field of Study    Accounting
Level of Knowledge    Basic to Intermediate
Prerequisite    Basic Accounting
Advanced Preparation    None
 

Revision Date: 4/19/2022

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

Companies have different motivations for investing in securities issued by other com­panies. One motivation is to earn a high rate of return. Another motivation for investing (in equity securities) is to secure certain operating or financing arrangements with another company. This course addresses the accounting for debt and equity investments and disclosure requirements. To provide useful information, companies account for investments based on the type of security (debt or equity) and their intent with respect to the investment. The course organizes the study of investments by type of security. Within each section, it explains how the accounting for investments in debt and eq­uity securities varies according to management intent.

Click for Course Objectives

Revision Date: 5/1/21

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 2020, the Pension  Rights Center reported that one out of three older adults received income from  private company or union pension plans;federal, state, or local government pension plans;or railroad retirement, military,or veterans pensions. The need to properly administer and account for pension funds is critical. There are very specific requirements forpension accounting and postretirement benefits. ASC 715 Compensation−Retirement Benefitsprovides guidance on financial reporting  for  employers  who offer pension benefits to their employees.ASC 960 Plan Accounting−Defined  Benefit Pension  Plansand ASC 962 Plan Accounting−Defined Contribution Pension Plansaddress the plan accounting standards for defined benefit plans and defined contribution plans respectively. Those detailed calculations of pension cost and reporting requirements produce a complex accounting standard. This course is designed to help you navigate the complexities of this standard. It begins with an overview of the pension system in the U.S. discussing the nature of pension plans, plan participants’ activities, the classification of pension plans, and types of pension plans and their characteristics. It addressesthe significance ofpension federal laws, including the Employee Retirement Income Security Act, the Pension Protection Act, and the Multiemployer Pension Reform Act. This course also provides current coverage of the requirementsfor accounting and reporting on pension plans and postretirement benefits. Itincludes specific examples to illustrate theapplication.Relevant references to and excerpts from ASC 715, ASC 960, and ASC 962 are discussed throughout the course.

Learning Objectives
After studying this course,you will be able to:
1.Identify the key provisions of pension federal laws
2.Distinguish between defined benefit and defined contribution plans
3.Identify theway to evaluateplan assets
4.Recognize various measures of pension obligations
5.Identify the components of pension expense
6.Recognizethe pension assets (overfunded plan) and pension liabilities (unfunded plan)
7.Identify the unique accounting practice of postretirement benefits
8.Recognizethe reporting requirements for the employer and pension plans

Field of Study Accounting
Level of Knowledge Intermediate
Prerequisite GAAP
Advanced Preparation None

Revision Date: 10/5/22

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

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

Revision Date:  1/2021

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

Preface

Specialized Industry Gaap - Real Estate discusses all of the important authoritative pronouncements on GAAP for this specialized industry. This course addresses accounting principles, financial reporting requirements for real estate, title plant, and mortgage banking industries.

Learning Objectives:

After completing this course you should be able to:

·         Identify different lending agencies within the mortgage banking industry.

·         Recognize accounting issues for title plants.

·         Identify the revenue recognition standard applied to sales of real estate.

·         Recognizes how the lease standard affects real estate entities.

Revision Date:  6/7/2021

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

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.

Revision Date: 6/8/2019

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:

Real Estate: Basic Accounting and Mathematics is a refresher course covering the basic concepts and tools of accounting, finance, and math necessary for new real estate professionals.  It is also applicable to accountants and as well as real estate investors. Topics covered are balance sheet, income statement, basic accounting concepts, real estate algebra, finance math, and more.


Learning Objective:

After completing this course, you should be able to:

1.  Recognize basic financial statements and accounting procedures.
2.  Identify and apply different financial analysis ratios
3.  Recognize and apply key financial ratios useful for real estate.
4.  Calculate interest payments, insurance premiums, loan values, and income ratios.
5.  Recognize and calculate various area measurements useful for real estate valuation.


Field of Study    Specialized Knowledge
Level of Knowledge    Basic
Prerequisite    Basic Math and Accounting
Advanced Preparation    None

Revision Date: 8/17/2022

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:

In 2014, after years of deliberations, the Financial Accounting Standards Board (the FASB) and the International Accounting Standards Board (the IASB) jointly issued the Accounting Standard Update (ASU) No. 2014-09 (codified primarily in ASC 606) and IFRS 15, respectively. ASC 606, the new revenue standard, replaces virtually all (including industry-specific) U.S. GAAP revenue guidance with a single model. The standard 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.

In light of the new revenue standard, organizations need to reassess their current revenue accounting processes and systems and implement changes required to maintain compliance with the new guidance. This course reorganizes the guidance contained in ASC 606, to follow the five-step revenue recognition model along with other guidance impacted by this standard. It also provides examples to illustrate the application. The course is designed to help you navigate the complexities of this standard, identify the implications of it, and prepare for implementation. It also shares insights to help you evaluate the effect of required changes to the internal control environment.  It provides a working knowledge of the fundamentals of revenue standard that can be applied, regardless of the company size, in the real world. 

Learning Objectives

Upon completion of this ccourse you will be able to:

·        Recognize the improvements over the revenue accounting through the release of ASC 606

·        Cite the key changes of the revenue recognition practice compared to former ASC 605

·        Recognize the impact of the revenue standard on the organizations

·        Identify the applicability of the revenue standard

·        Recognize the challenges and impacts related to each transition method

·        Recognize the key concepts of the revenue recognition model

·        Identify the difference between U.S. GAAP and IFRS affecting the revenue recognition practice

·        Recognize the steps involved in implementing the new revenue guidelines

·        Identify the presentation and disclosure requirements

·        Identify the potential impact upon adoption of new revenue guidelines

·        Recognize the requirements for other revenue topics (e.g., warranties, principal-versus agent, licensing)

·        Recognize the indicators for potential misstated revenue recognition

·        Identify control activities that reduce risk of misstatement in revenue

Revision Date: 2/1/21

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
Cost Management: Accounting and Control covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI)  strategies.  Topics  include  analysis  of  costs;    job  order  and  process  costing;  break-even  and  contribution analysis; activity-based costing (ABC);  balanced scorecard, cost  allocation; responsibility accounting; budget  for profit  planning;  short-term  decisions;  capital  budgeting;  quality  costs  and  total  quality  management  (TQM); inventory management and just in time (JIT)

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

Click Here For Courses Objectives

Revision Date: 4/19/22

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 a clear and concise introduction to managerial economics.  The course managerial economics is offered in a variety of titles including business economics, economic analysis for business decisions, economics for management decisions, etc. at both the undergraduate and graduate levels.

It focuses on the fundamentals and essentials needed to understand how business decisions are made and tackled using economics and other quantitative tools. It illustrates decisions with many solved problems to test and help students reinforce their understanding of the subject.  Further, many business professionals can benefit from this course. The reader is assumed to have done some introductory-level work in economics. A minimal amount of background in college-level math and statistics is also expected.

This course extensively and intensively shows the application of economic theory and concepts to real-life business decisions.  It consists of questions and problems along with their answers and suggested solutions.

Click here for Course Objectives

Revision Date:1/2021

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 covers what everything business people and managers need to know about accounting and finance. It is directed toward the businessperson who must have financial and accounting knowledge but has not had formal training in finance or accounting-perhaps a newly promoted middle manager or a marketing manager of a small company who must know some basic finance concepts.  The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied, regardless of the firm size, in the real world.  It gives nonfinancial managers the understanding they need to function effectively with their colleagues in finance.

Click here for Course Objectives

Revision Date:5/1/21

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
Earnings per share (EPS) is a popular and useful measure of a company’s profit performance. Companies with publicly held common stock or potential common stock must disclose their EPS information.  EPS tells you how much profit (or loss) each share of common stock has earned after adjustments for potential dilution from options, warrants, and convertible securities are factored in. This course covers the computation, reporting, presentation, and disclosure requirements associated with EPS as stipulated in ASC 260 Earnings Per Share. It includes excerpts from and references to ASC 260, and interpretive guidance. It also provides examples to illustrate the application. Finally, it includes insights from the Securities and Exchange Commission staff.
 

Field of Study    Accounting
Level of Knowledge    Intermediate
Prerequisite    None
Advanced Preparation    None

Revision Date: 8/31/22

Learning Objectives  
After completing this section, you should be able to:
1.    Identify the difference between two different capital structures—simple and complex
2.    Recognize how to compute basic earnings per share in a simple capital structure
3.    Recognize how to compute diluted earnings per share in a complex capital structure
4.    Identify the presentation and disclosure requirements of EPS data
 

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

A primer on the basic theoretical concepts and the practical procedures of financial record keeping and reporting, and the use of financial and cost data in managerial decision making. It provides an understanding and working knowledge of the fundamentals of financial and managerial accounting that can be put to practical application in day-to-day jobs of managers. It also concentrates on providing a working vocabulary for communication. Topics include accounting principles and reporting trends, accounting conventions and systems, interpretation and analysis of financial statements; cast flow statement; break-even analysis; activity-based costing (ABC); responsibility accounting; budget for profit planning; short-term and long-term investment decision making. A list of computer software for accounting, ABC, and budgeting is presented.

Click Here to view course objectives

Revision Date:8/31/22

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 focuses on an analysis of the corporate annual report. It help you interpret and understand its components, including the financial statements, footnotes, review of operations, auditor's report, supplementary schedules,  management discussion and analysis (MD&A), and  Management’s Report On Internal Control Over Financial Reporting. It touches upon how the Sarbanes-Oxley 404 reporting differs from traditional reporting.  The course also teaches you how to perform financial ratio and cash flow analyses.

Click here for Course Objectives

Revision Date: 6/1/21

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

Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The course is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use. Topics include strategic cost management, analysis of costs; break-even and contribution analysis; cost behavior analysis; activity-based costing (ABC); responsibility accounting and corporate balanced scorecard (CBS); budget for profit planning; short-term decisions; capital budgeting.

Click Here For Courses Objectives

Revision Date: 4/19/22

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
Complete Business Math for Accountants provides accountants, managers, and business entrepreneurs with the information, analysis, and insights necessary to analyze and calculate the consequences of a wide range of business financial strategies and problems. The ability  to select the right operational technique is vital if the business is to survive, profit, and grow in today's uncertain economic environment. The owner of a small business must be able to make the right financial decision based on sound mathematical reasoning in order to run the business efficiently. They must understand the problem, and then apply math skills to solve it.

This course contains  hundreds of filled-in examples, illustrations, practical applications, measures, procedures, rules of thumb, statistical data, exhibits, tables, graphs, and diagrams. They are presented to aid in the comprehension and successful solution of a particular problem. The reader will also learn when, why and how to use the appropriate computational method.

Field of Study Finance
Level of Knowledge Basic
Prerequisite Basic Math and accounting
Advanced Preparation None

Click Here For Courses Objectives

Revision Date: 1/25/23

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 manager’s success depends largely on his or her ability to manage a company’s assets. This mission is complicated by the interdependent nature of a company’s finances. One short-term financial problem, such as a cash flow shortage, can cause a longer-term credit problem, such as denials for bank loans. The successful manager must be able to quickly identify and resolve such short-term problems in order to prevent their long-term deleterious effects. This course is intended for effective business managers and entrepreneurs. Covering every facet of the daily management of a business’s finances, it is designed to help managers pinpoint, remedy, and prevent business and financial problems. In each case, it also points out potential ripple effects—the ways in which a problem in one sector can disrupt operations in other areas.

          Learning Objectives

•            After studying this chapter, you will be able to:

•            Recognize signs in the concept of revenue base erosion.

•            Identify irrelevant cost factors when evaluation special orders.

•            Identify causes of a high level of merchandise returns that can affect business profits.

•            Identify the causes of low turnover of merchandise.

•            Recognize trade-offs between excessive inventory ordering and carrying costs.

•            Identify order costs and carrying costs associated with inventory management.

•            Recognize how the economic order quantity (EOQ) applies to inventory management.

•            Identify technologies used to improve inventory tracking and management.

•            Recognize reasons that create a lack of inventory storage space.

•            Identify concepts used in the analysis of profitability.

•            Recognize ways to reduce the break-even point, and limitations of break-even analysis.

•            Recognize how to apply cost-volume-profit analysis.

•            Identify the problems of a weak sales mix and the causes of falling sales or profits.

•            Identify the risk-return trade-off.

•            Recognize components of interest rate risk.

•            Identify factors relating to a lack of diversification and increased risk.

•            Recognize signs of existing or potential financial problems.

•            Recognize influences that can adversely affect the market price of a stock.

•            Identify the objectives of debt rating services and some bond terminology.

•            Recognize characteristics of evaluating stock prices.

•            Identify the conditions when bankruptcy looms.

•            Recognize steps management can take to avoid business failure.

•            Recognize uses of the Altman Z-Score for spotting risky companies.

•            Identify measures that a company can take to avoid a takeover threat.

•            Recognize common ratios used by companies to help manage cash positions.

•            Identify ways to improve cash flow and return on surplus funds.

•            Identify early warning signs of a company going broke.

•            Identify ways to minimize the impact of vendor's price increases.

•            Calculate the advantage of accepting vendor terms and discounts.

•            Recognize the reasons for poor credit ratings.

•            Identify methods to prevent check signing fraud and improper payments.

•            Recognize commonly used financial ratios that help spot liquidity problems.

•            Identify early warning signals for inadequate liquidity.

•            Recognize ways to improve return on investment and how return on equity is calculated.

•            Identify methods to identify a low rate of return and the signs for poor quality of earnings.

•            Recognize how to determine the stability/instability in product revenue over time.

•            Identify the causes for excessive labor costs.

•            Recognize the concept associated with operating leverage.

•            Recognize the applications of activity-based costing.

•            Understand how a profit-maximizing firm would adjust prices at different levels of demand.

•            Identify how actual costs can exceed standard (budgeted) costs.

•            Recognize how to compute an efficiency variance.

•            Recognize ways to spot record-keeping errors.

•            Recognize the characteristics of different corporate structures used to affect tax planning and preparation.

Revision Date: 1/25/23

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 discusses all facets of mergers and acquisitions (M&As) and divestitures, including deciding on terms, key factors to consider, pros and cons, types of arrangements, evaluative criteria, valuation methods, financial effects of a merger, holding companies, takeover bids, SEC filing requirements, accounting and reporting requirements for business combinations, and financial analysis of combinations. Also addressed is emergence of corporate development officers (CDOs).

Click here for Course Objections

Revision Date:2/27/2024

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 is designed for accountants who must have financial knowledge but has not had formal training in finance. Topics include: The Sarbanes-Oxley Act financial reporting requirements, uses and analysis of financial statements, financial forecasting and cash budgeting, risk and return, valuation of stocks and bonds, time value of money, investing and financing, leverage, optimal capital structure, portfolio selection, management of financial resources, and international finance.

Field of Study:  Finance

Level of Knowledge:  Overview

Prerequisite: None

Advanced Preparation: None

Revision Date: 10/5/22

Course Description:

Managers of nonprofit organizations (NPOs) generally are not skilled in financial matters.  Or, managers are often preoccupied with its welfare objectives and fund raising and ignore the operations efficiency and operating cost controls.  A series of appropriate questions that nonprofit financial managers must address in connection with an organization’s financial condition and activity include:

1.  Do we have a profit or a loss? 

2.  Do we have sufficient reserves? 

3.  Are we liquid? 

4.  Do we have strong internal controls? 

5.  Are we operating efficiently? 

6.  Are we meeting our budget? 

7.  Are our programs valid? 

8.  Are we competing successfully?

9. Is our prioritizing of programs and activities reasonable?

The course is an attempt to help answer theses questions.

Click Here For Courses Objectives

Field of Study Finance
Level of Knowledge Intermediate
Prerequisite None
Advanced Preparation None

Revision Date: 1/25/2023

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

Analysis and Uses of Financial Statements is designed for interested parties who must understand how to read, interpret, and analyze financial statements. This course describes in clear, concise, and understandable language the intricacies of financial statements, and their use by investors, creditors, analysts, and other interested parties.

This course can enhance your chance for success in business and investing; by enabling you to profit from the knowledge, insights, and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. Realistic examples and illustrations of financial statement analysis are widely used in this course to make the subject matter crystal clear. That is the major objective of this course.

This course explains the objectives of financial statements in a meaningful manner. The accounting principles used in compiling financial statements and the qualitative characteristics of data appearing on financial statements are relevantly and reliably described. After a thorough overview of financial statements, major tools and techniques as explained, including:

• Horizontal and vertical analysis
• Common-size statements
• Ratio analysis
• Liquidity and activity ratios
• Profitability ratios
• Capital structure and solvency ratios
• Market test ratios
• Cash flow ratios

Click here for Course Objectives

The significance of interim financial statements and segment reporting is explored, as are analysis of annual reports and management discussion and analysis (MDA). The analytical techniques discussed in this course are well within the limits of today’s information technology. Once the concepts are understood, software can be used to eliminate much of the computational tedium involved.

Revision Date:4/17/24

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

The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. A budget is the formal expression of plans, goals, and objectives of management that covers all aspects of operations for a designated time period. The budget is a tool providing targets and direction. Budgets provide control over the immediate environment, help to master the financial aspects of the job and department, and solve problems before they occur. Budgets focus on the importance of evaluating alternative actions before decisions are actually implemented. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets at various managerial levels within a business are discussed. Active financial planning software that combine budgeting, forecasting analytics, business intelligence, and collaboration.

Field of Study Finance

Level of Knowledge Overview

Prerequisite Basic Accounting

Advanced Preparation None

Click Here For Courses Objectives

Revision Date:  1/25/23

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 is designed for managers working for multinational companies (MNCs) as well as accountants, CFOs, controllers, treasurers, and international investors.  In a modern economy, neither businesses nor individual investors can afford to be ignorant of the basic concepts of international finance. Changes in exchange rates and differences in national inflation and interest rates can affect the competitive position of businesses regardless of whether they are engaged in international operations.

For companies that are engaged in international business, national differences in banking, commercial laws, regulations, and political stability also complicate decision making. Today’s investors must also understand the effects of, and interactions among, exchange rates, inflation rates, and interest rates if they wish to maximize their returns and minimize their risks.

The study of multinational finance constitutes an essential component of a modern business education. The subject multinational finance is offered in a variety of titles including international finance, global finance, international financial management, or financial management of multinational corporations etc. at both the undergraduate and graduate levels.

Controllers’ Guide to Multinational Financial Management provides a clear and concise introduction to international finance.  This course is written and compiled for working professionals engaged in the fields of international finance, global trade, foreign investments, and banking.  It may be used for both day-to-day practice and for technical research. This course is a practical reference of proven techniques, strategies, and approaches that are successfully used by professionals to diagnose multinational finance and banking problems. The course covers virtually all important topics dealing with multinational business finance, investments, financial planning, financial economics, and banking. This course will benefit accountants, practicing financial analysts, CFOs, controllers, financial managers, treasurers, money managers, fund managers, investment analysts, and professional bankers, who are engaged in multinational operations.

Controllers’ Guide to Multinational Financial Management will enlighten the practitioner by presenting the most current information, offer important directives, and explain the technical procedures involved in the aforementioned dynamic business disciplines. The course applies to large, medium, or small multinational companies. It will help you to make smart decisions in all areas of international finance and banking.

You’ll find ratios, formulas, examples, applications, exhibits, charts, and rules of thumb to help you analyze and evaluate any global finance-related situation. 

Click here for Course Objectives

Revision Date: 4/19/22

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

The FASB Big 3 - What You Need to Know About Rev Rec, Leases, and Credit Losses

Course Overview:
In the past few years, the FASB has released several significant accounting standards which have brought about sometimes sweeping changes to U.S. GAAP.  Many of these new standards have required significant resources and sometimes lengthy implementation times.  This course focuses on the key requirements from what is commonly referred to as the "Big 3".  This includes the new standards related to revenue recognition, leases, and credit losses on financial instruments.  Even though some of the Accounting Standards Updates (ASUs) which drove these changes have been out for years, many entities have still yet to adopt all the requirements.    

   
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
•    Determine whether an arrangement contains a lease
•    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
•    Recognize the criteria used for sale and leaseback transactions
•    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 key provisions as it relates to the new credit losses standard
•    Recognize the credit loss measurement requirements for assets measured at amortized cost
•    Recognize the credit loss measurement requirements for available-for-sale debt securities
•    Identify the financial statement disclosure requirements related to credit losses
•    Identify the effective date and transition requirements for the new credit loss standard
 

Revision Date: 12/12/2022

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

Goodwill Impairment Basics

This course provides a basic 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 the subsequent measurement requirements including the accounting alternative allowed for certain eligible entities.  This course also addresses briefly describes 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:

·       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

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

Revision Date: 1/14/2022

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 Principle Changes

This course provides an overview of the accounting requirements with respect to accounting principle changes.  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.  A majority of the information included within this course is sourced from the requirements found within FASB ASC Topic No 250, Accounting Changes and Error Corrections.

Learning Objectives

Upon completion of this course, 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 disclosure requirements related to changes in accounting principles

 Revision Date: 12/20/23

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 Business Combinations

This course provides an in-depth 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. 

Learning Objectives

Upon completion of this course, 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

    Revision Date: 1/14/22

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