on-site training · 2014-12-18 · on-site training 2015–2016 course catalog aicpalearning.org...

ON-SITE TRAINING2015–2016 Course Catalog

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http://aicpalearning.org/

aicpalearning.org/on-site • [email protected] • 800.634.6780 Option 1

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��• Accounting • Auditing • Compilation and Review •� ��• Fair Value Accounting • Financial Management • Financial Reporting • Forensics • Fraud

•� ��• IFRS • Internal Control • Leadership • Practice Management • Risk Management • Single Audit • Staff Training • Tax Compliance and Planning • Yellow Book

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Copyright 2014 AICPA • Unauthorized Copying Prohibited

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Accounting & AuditingAuditing Defined Contribution PlansAudits of 401(k) PlansAnnual Update for Accountants and AuditorsAccounting and Auditing UpdateCompilation, Preparation, and Review Engagements UpdatePurchasing, Inventory and Cash Disbursements: Common Frauds and Internal ControlsAnnual Update for Preparation, Compilation, and Review EngagementsAuditing Employee Benefit PlansInternal Control and COSO Essentials for Financial Managers, Accountants and AuditorsReal World Business Ethics

Government & Not-for-ProfitYellow Book Financial AuditsFrequent Frauds Found in GovernmentsAnnual Update for Governments and Not-for-ProfitsAdvanced Auditing of HUD-Assisted ProjectsFrequent Frauds Found in Governments and Not-for-ProfitsGovernmental and Not-for-Profit Annual Update

Management & Consulting ServicesCritical Skills for Budgeting SuccessAnalyzing a Company’s Financial StatementController’s Update: Today’s Latest TrendsAnnual Update for Controllers

Premier Courses

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Premier Courses

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TaxationHealth Care Reform Act: Critical Tax and Insurance RamificationsHottest Tax Planning Developments Under the Current Tax LawSocial Security and Medicare: Maximizing Retirement BenefitsIndividual Income Tax UpdateForm 990: A Comprehensive Approach to Accurate PreparationHottest Tax Topics for 20151040 Tax Return WorkshopAICPA’s Annual Federal Tax UpdateAnnual Tax Update: Individuals and Sole Proprietors

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Premier Courses

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Yellow Book Courses

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Advanced Topics in a Single AuditAudits of State and Local Governments: What You Need to KnowFundamentals for Performing a Single Audit Under the Uniform Guidance for Federal AwardsNot-for-Profit Accounting and Auditing: Practical Cases for CPAsYellow Book Financial AuditsFrequent Frauds Found in GovernmentsFrequent Frauds Found in Not-for-ProfitsNot-for-Profit Organizations: Key Accounting and Reporting ConsiderationsGASB Statement No. 68 Audit and Accounting WorkshopAnnual Update for Governments and Not-For-ProfitsNot-for-Profit Accounting and Auditing UpdateCase Studies in Not-For-Profit Accounting and AuditingAdvanced Auditing of HUD-Assisted ProjectsAnalytical Procedures for Not-for-Profit OrganizationsForm 990: A Comprehensive Approach to Accurate PreparationApplying OMB Circular A-133 to Not-for-Profit and Governmental OrganizationsYellow Book: Government Auditing StandardsFrequent Frauds Found in Governments and Not-For-ProfitsFundamentals of Governmental Accounting and ReportingRecognizing and Responding to Fraud Risk in Governmental and Not-for-Profit OrganizationsAccounting and Reporting for Not-for-Profit OrganizationsGovernmental Accounting and ReportingGovernmental Accounting and Auditing UpdateGovernmental & Not-for-Profit Annual UpdateAudits of HUD-Assisted ProjectsApplying the Uniform Guidance for Federal Awards in Your Single AuditsNot-for-Profit Accounting & Reporting: From Start to FinishStudies on Single Audit and Yellow Book DeficienciesAICPA’s Annual Update: Top 12 Governmental and Nonprofit Accounting and Auditing Issues Facing CPAs

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Yellow Book Courses

*Please note, these courses may qualify for Yellow Book CPE credit. Determining which courses qualify for theYellow Book 24-hour requirement are made on an auditor specific basis depending on the auditor’s Yellow Book clients. Please visit www.gao.gov/yellowbook for specific requirements.

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Accounting & AuditingAudit Staff Essentials - Level 1 - New StaffAudit Staff Essentials - Level 2 - Experienced StaffAudit Staff Essentials - Level 3 - Audit Senior/In-ChargeFraud: Recent Findings, Red Flags and Corruption SchemesInterpreting the New Revenue Recognition Standard: What All CPAs Need to KnowEngagement Essentials: Preparation of Financial StatementsThe Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent ThemGAAS: A Comprehensive Review for AuditorsInternal Controls and Risk Assessment: Key Factors in a Successful AuditRevenue Recognition: Mastering the New FASB RequirementsIFRS Standards: Financial Reporting in a Global EnvironmentFraud Update: Detecting and Preventing the Top Ten Fraud SchemesGovernment and Not-for-ProfitsAdvanced Topics in a Single AuditAudits of State and Local Governments: What You Need to KnowFundamentals for Performing a Single Audit Under the Uniform Guidance for Federal AwardsNot-for-Profit Organizations: Key Accounting and Reporting ConsiderationsGASB Statement No. 68 Audit and Accounting WorkshopRecognizing and Responding to Fraud Risk in Governmental and Not-for-Profit OrganizationsApplying the Uniform Guidance for Federal Awards in Your Single AuditsManagement & Consulting ServicesTransforming Your Role as Controller to Business PartnerAnalytics and Big Data for AccountantsTaxationPractical Tax Tips and Techniques for Closely-Held BusinessesReviewing Individual Tax Returns: What Are You Missing?Payroll Taxes and 1099 Issues: Everything You Need to KnowFederal Income Tax Accounting: Maximizing Tax Benefits and Minimizing Tax CostsNexus Update: Latest Developments in State Income, Franchise, and Sales Taxes

New Courses

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New Courses 2015–2016

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Accounting & AuditingAdvanced Income Tax Accounting - Practical Applications Under ASC 740Accounting for Business CombinationsWrite-Up, Payroll and Other Accounting Services: Managing the RisksIntroduction to IFRSManaging Compilation, Review, and Accounting ServicesClarified Auditing Standards: What You Need to KnowAuditing for Internal FraudIFRS Essentials - GAAP ComparisonInternal ControlsIFRS vs. GAAP: What are the Differences?Applying Risk Assessment Standards to Smaller Business AuditsRevenue Recognition

Government & Not-for-ProfitAdvanced OMB Circular A-133 IssuesComprehending OMB A-133

Management & Consulting ServicesCritical Tools for Today’s Controller and CFODoing More With Less: Lean Accounting and ManagementCPA’s Guide to Communication, Listening and Writing SkillsEffective Workplace CommunicationLeadership Update: Leading the Finance Team Into the FutureMastering the Applications of Budgeting While Side Stepping the PitfallsCPA’s Guide to Effective Communication SkillsCommunicating Effectively in the Workplace

Courses No Longer Available

Courses No Longer Available After December 31, 2014

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TaxationAdvanced Estate Planning StrategiesSolving the Choice of Entity Riddle: Key Tax and Business ImplicationsEstate Planning for Older AmericansInvestment Strategies for Older AmericansTax Challenges for Older AmericansFundamentals of Trusts: What You Need to KnowPrivate Foundations: Understanding the Requirements and Tax Implications

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Courses No Longer Available

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Annual Accounting and Auditing Workshop ................................................................................ 11AICPA Peer Review Program Advanced Course ........................................................................ 12Auditing Defined Contribution Plans ........................................................................................... 13Advanced FASB Review: Complex GAAP Issues ...................................................................... 14Audits of 401(k) Plans ................................................................................................................. 15Guide to Business Combinations, Goodwill, and Other Consolidation Issues ........................... 16Accounting for Deferred Income Taxes ....................................................................................... 17FASB Standards: A Comprehensive Review for All CPAs .......................................................... 18Advanced Real Estate Accounting, Auditing, & Taxation ............................................................ 19Audit Staff Essentials - Level 1 - New Staff ................................................................................. 20Audit Staff Essentials - Level 2 - Experienced Staff .................................................................... 21Audit Staff Essentials - Level 3 - Audit Senior/In-Charge ............................................................ 22Annual Update for Accountants and Auditors ............................................................................. 23Audit Workpapers: Documenting and Reviewing Field Work ..................................................... 24Audits of Banks and Other Financial Institutions ........................................................................ 25Construction Contractors: Accounting, Auditing, and Tax ............................................................. 26Construction Contractors Advanced Issues ................................................................................ 27Common Frauds and Internal Controls for Revenue, Purchasing, and Cash Receipts ............. 28Real-World Business Ethics for CPAs in A&A ............................................................................. 29Accounting and Auditing Update ................................................................................................. 30Engagement Fundamentals: Compilation of Financial Statements ............................................ 31Compilation, Preparation, and Review Engagements Update .................................................... 32Advanced Issues in Preparation, Compilation, and Review Engagements ................................ 33Special Purpose Frameworks – Alternatives to GAAP ............................................................... 34Audit Workpapers: Documenting Field Work .............................................................................. 35Forensic Accounting: Uncovering Schemes and Scams ............................................................ 36New FASB Developments for Business & Industry .................................................................... 37Statement of Cash Flows: Preparation, Presentation, and Use ................................................. 38Fraud: Recent Findings, Red Flags, and Corruption Schemes .................................................. 39Audit Workpapers: Reviewing Field Work Documentation ......................................................... 40Understanding COSO Internal Control Guidance ....................................................................... 41

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Table of Contents

Accounting & Auditing

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Transaction Processing Controls Best Practices for Small and Medium-Sized Entities ............. 42Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know ............... 43Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls ....... 44Engagement Essentials: Preparation of Financial Statements ................................................... 45Revenue and Cash Receipts: Common Frauds and Internal Controls ....................................... 46Engagement Essentials: Review of Financial Statements .......................................................... 47Real-World Business Ethics ........................................................................................................ 48The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them ........................................................................................................................................... 49Annual Update for Preparation, Compilation, and Review Engagements .................................. 50Alternatives to GAAP – Using Special Purpose Frameworks ..................................................... 51Digging Deeper with Data Analysis ............................................................................................. 52Auditing Employee Benefit Plans ................................................................................................ 53Performing an Engagement Review ........................................................................................... 54Forensic Accounting: Fraudulent Reporting and Concealed Assets ........................................... 55Forensic Accounting Investigative Practices ............................................................................... 56FASB Review for Business & Industry ........................................................................................ 57Statement of Cash Flows: Preparation and Presentation ........................................................... 58Engagement Essentials: Preparation, Compilation, and Review of Financial Statements ......... 59Identifying Fraudulent Financial Transactions ............................................................................. 60Audits of 403(b) Plans ................................................................................................................. 61Financial Reporting Framework for SMEs .................................................................................. 62FASB Review: Common GAAP Issues Impacting All CPAs .......................................................63Fair Value Accounting .................................................................................................................. 64Group Audits: Clarifying the Complexities ................................................................................... 65GAAS: A Comprehensive Review for Auditors ............................................................................ 66How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program ....................... 67Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors ....... 68Internal Controls and Risk Assessment: Key Factors in a Successful Audit .............................. 74Internal Control Best Practices for Small- and Medium-Sized Entities ....................................... 75Identity Theft: Preventing, Detecting, and Investigating .............................................................. 76Revenue Recognition: Mastering the New FASB Requirements ................................................ 77IT Risks and Controls in Current and Emerging Environments .................................................. 78Public Company Update: SEC, PCAOB, and Other Developments ........................................... 79

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Audit Sampling ............................................................................................................................ 80Real Estate Accounting & Auditing .............................................................................................. 81Real Estate Accounting and Financial Reporting: Tackling the Complexities ............................. 82IFRS Standards: Financial Reporting in a Global Environment .................................................. 83Real-World Business Ethics ........................................................................................................ 84SEC Reporting ............................................................................................................................ 85Accounting and Auditing Update for Small Businesses .............................................................. 86Upcoming Peer Review: Is Your Firm Ready? ............................................................................ 87Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes ..................................... 88

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Acronym AAUW

Field of Study Accounting (8)Auditing (8)

CPE Credit Hours 16

Knowledge Level Update

Intended Audience CPAs who require a comprehensive review of recent accounting and auditing pronouncements

Prerequisite Previous auditing and accounting experience

Advanced PreparationNone

Delivery MethodGroup Live

First Offering DateMay 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

Are your accounting and auditing skills up-to-date and on-par with industry standards? Be sure with this comprehensive, two-day course that updates you on the latest accounting, auditing, compilation and review, and other professional standards. Materials include practical applications of the topics covered to help you understand and apply the standards to real-life scenarios. With the rate of change in today’s regulatory environment, you must stay current on all of the topics impacting the profession. Your clients are counting on you!

Learning ObjectivesWhen you complete this course you will be able to:

• Apply recently issued FASB, PCAOB, ASB, and ARSC guidance,standards, and pronouncements.

• Identify various standard setters’ project updates.

Topics Discussed • Accounting and attestation standards updates• Compilation and review update• Latest PCAOB standards and inspection findings• FASB projects — leases and financial instruments• Private company financial reporting, including financial reporting

framework for small- and medium-sized entities• Overview of the Clarity Project and key changes• Adoption of IFRS in the United States – an update• Impact of the current environment on audit planning• AICPA Code of Conduct

Annual Accounting and Auditing Workshop


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AICPA Peer Review Program Advanced Course

Acronym ADPRT

Field of Study Auditing

CPE Credit Hours 8

Knowledge Level Advanced

Intended Audience Experienced reviewers who want to expand their knowledge of the peer review process

Prerequisite How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program (HCRPM) or a similar AICPA-approved introductory course, and performance of one review as a team captain




This one-day, advanced course is designed for experienced reviewers who want to heighten their peer review skills. It is an excellent follow-up to the AICPA’s training course, How to Conduct a Review Under theAICPA Practice-Monitoring Program. This course includes an analysis of the latest AICPA Peer Review Program Standards as well as materials focused on the areas of peer review guidance which reviewers find the most problematic.


• Gain an understanding of the latest AICPA Peer Review ProgramStandards.

• Identify steps to take to improve practice monitoring.• Enhance your ability to reach conclusions on engagement

deficiencies.• Explain how to appropriately address engagement deficiencies and

peer review findings.

Topics Discussed • Overview of latest standards• Risk-based approach to planning a system review• Evaluating a system of quality control• Determining the cause and documenting engagement deficiencies• Identifying appropriate, practical solutions to system deficiencies• Understanding implementation plans• Conducting exit conferences• Refresher for engagement peer reviews

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Auditing Defined Contribution Plans

Acronym AEMP

Field of Study Auditing (7) Accounting (1)

CPE Credit Hours 8

Knowledge Level Intermediate

Intended Audience Practitioners with experience auditing defined contribution plans

Prerequisite Experience with the employee benefit plan audit process and a working knowledge of ERISA




Take the next step in your development and learn how to go beyond the basics in preparing workpapers and financial statements for employee benefit plans. This course will provide the auditor with the tools necessary to understand the complex rules and regulations that impact employee benefit plans as well as guidance on addressing deficiencies. Through group discussions and contemporary case studies, you’ll gain a thorough understanding of the procedures needed to effectively plan and carry out your audits.


• Identify different types of defined contribution plans that are availableto plan sponsors.

• Address complex audit and accounting issues associated withdefined contribution plans.

• Understand of the different types of investment options that may beavailable to participants, including the audit procedures for complexinvestments.

• Explore various fraud examples and develop the appropriate auditresponses.

• Implement rules and regulations associated with auditing andreporting for defined contribution pension plans.

Topics Discussed • Identification of various types of plans• Planning, communication, and other activities for defined contribution

plans• Investments and investment related income• Auditing participant data, contributions, distributions, and participant

loans• Fraud in employee benefit plans• Government regulations and reporting requirements• Comparing the audited financial statements to Form 5500• Legal counsel representations• Case studies and discussion questions

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Advanced FASB Review: Complex GAAP Issues

Acronym AFASB

Field of Study Accounting

CPE Credit Hours 8


Intended Audience Accountants in practice and industry who need both an advanced level review and update on recent financial pronouncements

Prerequisite Experience in application of accounting standards




Accounting standards are constantly in flux and becoming more complex, so make sure you are up-to-date with the latest information. This advanced course tackles some of the more difficult accounting and disclosure areas, such as derivatives, fair value, and business combinations. This course is essential for CPAs who need a review of the more complex accounting areas they typically don’t encounter on a regular basis. In addition, several examples and cases are included throughout the course to help participants apply the standards to real-life scenarios.


• Apply advanced FASB topics that have the greatest impact onaccounting and financial reporting.

• Apply recent FASB pronouncements for non-specialized companies.• Prepare disclosures.

Topics Discussed • Recent FASB pronouncements and exposure drafts• Accounting for financial assets and derivatives• Accounting for investments and loans• Accounting for other liabilities• Share-based payments• Pension plans and related benefits• Postretirement and postemployment benefits• Fair value accounting• Business combinations and consolidated financial statements• Intangible assets, goodwill, and impairment issues

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Audits of 401(k) Plans

Acronym AFKP


CPE Credit Hours 8

Knowledge Level Basic

Intended Audience Auditors of employee benefit plans, accountants in business and industry, responsible for company benefits

Prerequisite None




401(k) plans are a popular option for employee benefit plans, so you must have the proper skills to audit these plans effectively. Every aspect of how to audit a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements are covered in this course. Tap into ways to plan and conduct 401(k) audits more efficiently and effectively, and understand the differences between 401(k) audits and other employee benefit plan audits.


• Gain an understanding of the requirements for 401(k) audits asdistinguished from audits of other types of employee benefit plans.

• Plan and conduct 401(k) audits more efficiently and effectively.• Recognize new developments impacting 401(k) audits.

Topics Discussed • Background of 401(k) audits• Audit planning and pre-engagement activities• Internal control considerations• Auditing the statement of net assets available for benefits• Auditing the statement of changes in net assets available for benefits• Other auditing considerations• The auditor’s report• Financial statement disclosures• Supplemental schedules

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Guide to Business Combinations, Goodwill, and Other Consolidation Issues

Acronym AGC


CPE Credit Hours 8


Intended Audience Practitioners and members in industry responsible for accounting and reporting for business combinations, consolidations, or combined financial statements

Prerequisite Basic understanding of consolidation principles



First Offering DateJune 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

What are the appropriate methods of accounting for business combinations? What are the correct treatments of accounting for noncontrolling interests, goodwill accounting, and variable interest entities? Get the answers and learn when and how to present consolidated or combined financial statements. Find out what triggers consolidation, how to apply acquisition accounting, and learn fair value determination and valuation concepts. Learn about how to account for goodwill, from initial recognition of the asset to the annual goodwill impairment review.


• Identify criteria of when to consolidate entities.• Explain the consolidation requirements for variable interest entities.• Describe accounting entries and disclosures relating to business

combinations and goodwill impairment.• Outline procedures for creating processes relating to annual goodwill

impairment review.

Topics Discussed • Structure of business combinations• Applying the acquisition method• Consolidated financial statements• Accounting for noncontrolling interests• Accounting for goodwill and other intangible assets• Combined financial statements• Not-for-profit issues• Variable interest entities

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Accounting for Deferred Income Taxes

Acronym AIT


CPE Credit Hours 8


Intended Audience Staff and senior associates in public accounting who assist clients with income tax calculations and disclosures

Controllers, CFOs, or company officers responsible for the calculation of income tax expense and balance sheet amounts, related disclosures, and cash requirements for income taxes

Prerequisite None




Understand the rules of ASC 740, Income Taxes, and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures. Case studies give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.


• Apply the principles of ASC 740 to your own or to your clients’scenarios.

• Demonstrate an understanding of how to calculate income taxexpense and deferred tax liabilities and assets.

• Identify steps necessary to determine the valuation allowance.• Identify components of proper documentation of deferred income

taxes in the workpapers, as well as required disclosures within thefinancial statements.

Topics Discussed • Theoretical concepts of ASC 740• Identifying and measuring temporary differences• Identifying tax differences and a four-column worksheet• Tax benefits for carrybacks and carryforwards• Accounting for uncertainty in income taxes• Reporting and disclosure under ASC 740• ASC 740-20 intraperiod tax allocation• Case studies and examples illustrating theory and concepts

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FASB Standards: A Comprehensive Review for All CPAs

Acronym APB


CPE Credit Hours 16


Intended Audience Accountants in practice and industry who need an in-depth review and update on recent financial pronouncements

Prerequisite Experience in application of accounting standards




Are you looking for a comprehensive review of new financial accounting standards and a refresher on other core standards? This broad-ranging course covers FASB standards that apply to all companies. Emphasizing financial statement disclosures in addition to accounting methods, this course also presents implementation guidelines and disclosure illustrations from actual financial statements. Review reporting standards for balance sheets, income statements, and the statement of cash flows, and understand FASB standards that have the greatest impact on accounting and financial reporting.


• Apply FASB topics that have the greatest effect on accounting andfinancial reporting.

• Apply recent FASB pronouncements for non-specialized companies.• Prepare disclosures.

Topics Discussed • The financial reporting environment• International accounting• Recent FASB pronouncements and exposure drafts• Financial instruments, derivatives, fair value, and hedge accounting• Research and development for computer software• Operating assets, investments, intangible assets, and impaired

assets• Leases, contingencies, debt, income taxes, and other liabilities• Complex equity transactions, share-based payment/stock options• Pensions, postretirement benefits, and postemployment benefits• Statement of cash flows• Income statement preparation and interim reporting• Business combinations, goodwill, interest capitalization, and

nonmonetary exchanges

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Advanced Real Estate Accounting, Auditing, & Taxation

Acronym ARE

Field of Study Accounting (4)Auditing (2)Taxation (2)

CPE Credit Hours 8


Intended Audience Finance and accounting practitioners and professionals who advise or work for companies with real estate holdings

Prerequisite Experience in real estate accounting




Real estate transactions and assets have several unique issues. How do you record involvement in real estate ventures? How do you handle reporting issues related to sales of real estate with leasebacks? What are some of the taxation issues common to real estate transactions and holdings? If you advise or work for companies with real estate transactions or holdings, this course offers you an opportunity to learn about some of the more complex real estate accounting, auditing, and tax issues. Make sure you are up-to-date with the latest information so you are able to handle the tricky real estate issues with ease.


• Identify accounting and auditing issues, along with solutions for real-estate ventures.

• Record sale-leaseback transactions and non-monetary exchanges ofreal estate assets.

• Identify potential tax issues unique to real estate transactions.

Topics Discussed • Accounting for real estate asset costs• Revenue recognition• Investments in real estate ventures• Sale-leasebacks and nonmonetary exchanges• Auditing real estate entity financial statements• Auditing real estate transactions• Estimating fair value of real estate assets• Real estate taxation issues

Copyright 2014 AICPA • Unauthorized Copying Prohibited19



Audit Staff Essentials – Level 1 – New Staff

Acronym ASE1


CPE Credit Hours 16


Intended Audience Auditors with 0-4 months of experience

Prerequisite None




Designed for beginning staff, Level I covers key areas to ensure auditors are well prepared to begin their careers. We will focus on the areas of professional skepticism; internal controls; audit risk, materiality and financial statement assertions; auditing standards regarding fraud; auditing cash, fixed assets, accounts payable, debt and liabilities; and audit documentation. The Audit Staff Essentials courses establish a strong set of core skills necessary for junior staff growth.

Learning ObjectivesUpon completion of this course, participants will be able to:

• Understand professional skepticism and how to apply the attitudewhen evaluating audit evidence, performing audit procedures, andmaking client inquiries.

• Recognize your responsibilities for detecting fraud in a GAAS audit.• Describe an overall framework for detecting material financial

misstatements caused by fraud.• Understand the key steps involved in assessing and responding to

risk in a financial statement audit.• Explain the purpose of audit documentation and apply the

fundamental principles.• Learn and be able to implement audit procedures typically performed

in the following areas and match them to stated audit objectives andrelevant assertions: Cash, Accounts Payable and Accrued Expenses,Long-term Debt, and Property, Plant and Equipment.

Topics Discussed • Professional skepticism and maintaining the public trust• Fraud detection in a GAAS audit• Risk assessment and introduction to internal control• Auditing property, plant and equipment• Audit documentation• Auditing cash• Auditing accounts payable and accrued expenses• Auditing long-term debt

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Audit Staff Essentials – Level 2 – Experienced Staff

Acronym ASE2

Field of Study Accounting (2)Auditing (12)Communications (2)

CPE Credit Hours 16


Intended Audience Auditors with 5-20 months of experience

Prerequisite At least 5 months of audit experience




Designed for staff wanting to take on a greater level of responsibility on engagements, Level 2 discusses the planning of more complex, riskier audit areas and the supervision of engagements. We will take an in-depth look at understanding the entity and assessing risk and internal control design; use of confirmations and sampling methods to gather audit evidence; auditing accounts receivable; auditing inventory, including what to do before and after the inventory observation; workpaper review; and styles of supervision. The Audit Staff Essentials courses establish a strong set of skills necessary to grow the abilities and confidence of junior and senior level staff, allowing them to work through additional areas more independently.


• Design an audit strategy and determine planning materiality.• Perform procedures to obtain an understanding of your client and its

environment.• Use your understanding of the client and its internal control to assess

the risk of material misstatement.• Design further audit procedures, based on your risk assessments.• Work with confirmations and design them to be more efficient and

effective.• Design an effective sampling plan.• Match the audit procedures typically performed in the accounts

receivable area to the stated audit objectives and relevant assertions.• Effectively review audit workpapers prepared by others.• Match the audit procedures typically performed in the inventory area

to the stated audit objectives and relevant assertions.• Identify personality types and establish a more productive working

relationship.

Topics Discussed • Gaining an understanding of the entity, business environment and

internal controls• Identifying controls related to risk assessment• Designing procedures related to internal controls• Confirmation procedures• Sampling requirements and general procedures• Aging of accounts receivable and the allowance for doubtful accounts• Risks surrounding inventory balances• Inventory observation design and execution• Workpaper review style and overall procedures• Introduction to personality styles and basic supervision concepts

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Audit Staff Essentials – Level 3 – Audit Senior/In-Charge

Acronym ASE3


CPE Credit Hours 16


Intended Audience Auditors with more than 20 months of audit experience

Prerequisite At least 20 months of auditing experience




This level of training identifies the more difficult areas for experienced auditors. We will focus on understanding business strategies; analyzing your client’s competitive position; audit analysis and business advice; auditing estimates and subjective accounting information; contingent liabilities; revenue recognition; and fair value measurement. This level will give staff the confidence necessary to begin assuming client and engagement management responsibilities.


• Identify and assess your client’s overall business strategies.• Apply the value chain analysis to identify your client’s primary

activities.• Assess the relative strength of a client’s competitors, suppliers, and

customers.• Ask detailed questions of your client to gather information about

competitors, suppliers, and customers.• Use specific tools and techniques to analyze data about your client

and its industry.• Identify the characteristics of estimates and subjective accounting

information and describe how these differ from financial statementamounts based on historical events and facts.

• Describe the audit objectives for estimates and other subjectiveaccounting information.

• Perform auditing procedures to test the reasonableness of anestimate of a contingent liability.

• Design and apply audit procedures to detect potential misstatementsof revenue.

• Design and perform further audit procedures that address fair valuemeasurements and disclosures.

Topics Discussed • Evaluating relevant business processes• Understanding the environment your client operates in• Using information gathered to further understand your client• Creating and delivering suggestions to your client• Guidance surrounding accounting estimates• Assessing the risk of significant estimates• Accounting guidance surrounding contingent liabilities and losses• Assessing the risk of estimates surrounding contingent liabilities• Complexities of revenue recognition• Fair value guidance

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Annual Update for Accountants and Auditors

Acronym AUAA

Field of Study Accounting (4) Auditing (4)

CPE Credit Hours 8


Intended Audience CPAs in public practice and industry who want to remain up-to-date on accounting, auditing, compilation and review pronouncements

Prerequisite Previous experience in accounting and auditing




Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, review, and compilation arenas. Let us sort through the complexities and help you identify and apply recently issued FASB, PCAOB, and ASB standards and guidance. With the rate of change in today’s regulatory environment, you must stay current on the topics impacting the profession – don’t get left behind!


• Understand recently issued FASB standards and guidance.• Assess the effect of recently issued auditing standards, attestation

standards, and standards on accounting and review services.• Become familiar with exposure drafts and other projects in

accounting, auditing, compilation and review services.

Topics Discussed • Recently issued ASUs, including the new revenue recognition

standard• FASB projects on leases and financial instruments• Private company financial reporting• Adoption of IFRS in the United States – an update• Overview of the ASB Clarity Project and key changes• Recent PCAOB guidance• Compilation and review update

23



Audit Workpapers: Documenting and Reviewing Field Work

Acronym AUDW


CPE Credit Hours 8


Intended Audience Staff auditors who create workpapers and supervisors/seniors who supervise audit engagements

Prerequisite None




Workpapers are the building blocks of an audit. If it’s not in the workpapers, audit quality may suffer, as the manager and partner might not know about it or its ramifications may not be fully considered. Understand the professional standards regarding workpaper documentation. Make this course part of the firm’s quality control system. Learn the fundamentals of workpaper preparation – form and content – to make sure audit considerations, work performed, and conclusionsreached are properly documented. You will also explore examples which show field work supervisors what factors to consider and what steps to follow when reviewing workpapers. In addition, typical workpaper deficiencies are explained to help minimize potential liability.


• Apply basic standards regarding workpaper documentation andproper workpaper technique.

• Identify the tasks in supervisory-level reviews of workpaperdocumentation for audit engagements necessary to ensurecompliance with current professional standards.

Topics Discussed • Definition of and basic requirements of a workpaper• Preparing and maintaining workpapers• Different types of workpapers• Documenting audit tests• Improving workpaper technique• Working paper basics• Conducting the review• Common shortcomings of working papers• Case study example

24



Audits of Banks and Other Financial Institutions

Acronym BANK


CPE Credit Hours 8


Intended Audience Experienced auditors who perform audits of financial institutions

Prerequisite General audit knowledge or experience




This program is dedicated to demonstrating how audit, consulting, and tax associates can learn the accounting, tax, and auditing fundamentals of modern depository and lending institutions, as well as non-bank institutions. The course is complete with practical worksheets and insights such as the applicable metrics that create value for depository and lending institutions. These institutions are specialized and are one of, the most regulated industries in the world. Numerous references to best practice audits allow the auditor and consultants the opportunity to plan efficient and effective audits and reports.


• Identify the impact of applicable accounting pronouncements to thefinancial institution industry and its regulatory environment, includingthe effects of the Dodd-Frank Act and U.S. implementation of Basel IIIrequirements.

• Identify current economic and industry developments affectingbanking.

• Describe the types of risks applicable to the financial institutionindustry.

• Explain certain audit considerations and reporting issues that areunique and critical to banks and financial institutions.

• Recognize specialized audit planning and testwork relating to auditareas including loan receivables, credit losses, cash, investments,foreclosed and real estate investments, deposits, and equity.

Topics Discussed • Regulatory and governmental supervision• Audit planning, risk assessment, and analytical procedures• Loan receivables and loan quality• Credit losses• Cash, investments, intangibles, hedging instruments, repurchase

agreements, troubled debt, foreclosures, real estate investments, anddeposits

• Equity and capital• Shadow banking• Income taxes

25


Acronym CAAT

Field of Study Accounting (2)Auditing (3)Taxation (3)

CPE Credit Hours 8


Intended Audience Practitioners and financial professionals in the construction industry

Prerequisite None




The construction industry is one of the most unique when it comes to being in compliance with the various accounting and auditing standards. This course examines the most recent updates and key issues impacting construction accounting, auditing, and taxation. Find out what these developments mean for you, your company, or your clients. In addition, this course explores the relationship between the contractor and the surety. With construction activity increasing after the recession, it is more important than ever for you to be on top of the very latest in accounting, auditing, and tax changes for the construction industry.


• Provide efficient, high-quality audit and review services toconstruction clients.

• Apply up-to-date GAAP accounting methods applicable toconstruction contractors.

• Identify new and key tax issues and how to apply them.

Topics Discussed • Contract accounting• Contractor financial statements• Working with a surety• Audit planning and procedures• Long-term contracts• Tax accounting for construction contractors• Taxation for small to large contractors

Construction Contractors: Accounting, Auditing, and Tax


26



Construction Contractors Advanced Issues

Acronym CCAI

Field of Study Auditing (4)Accounting (2)Taxation (2)

CPE Credit Hours 8


Intended Audience Practitioners and financial professionals in the construction industry

Prerequisite Previous experience in the construction industry




The construction industry comes with many advanced accounting issues, audit procedures, and tax issues, which makes construction contractor engagements inherently higher risk than other engagements. As a result, practitioners and financial professionals should be prepared to address difficult issues such as look-back calculations, measuring progress of contracts, overhead allocations, and internal controls for construction contractors. Learn about some of the most pervasive issues in the construction industry and how to identify and manage the risks inherent with construction contractor engagements.


• Apply complex accounting and financial reporting standards toconstruction contractors.

• Evaluate and rework audit processes to avoid common deficiencies inconstruction engagements.

• Identify tax compliance issues unique to the construction industry.

Topics Discussed • Contractor internal controls• Fraud and the contractor• Joint venture accounting• Contractor’s benchmarks• Cash management for the contractor• Construction cost allocations• Assisting the financially troubled contractor• Audit risks• Deferred income taxes• Tax planning and AMT• Look-back method

27



Common Frauds and Internal Controls for Revenue, Purchasing, and Cash Receipts

Acronym CFIC


CPE Credit Hours 8


Intended Audience Business owners, managers, supervisors, accountants, and auditors

Prerequisite None




As an accounting professional, you are in a unique position to protect your organization from fraud and human error. Learn how to establish a cost-effective system of controls to reduce your organization’s exposure while maximizing profits. Explore the common areas for misstatements, both unintentional and fraudulent, that fall within an entity’s revenue and purchase cycles and learn how to protect your clients or company against these risks.


• Recognize common misappropriation of asset frauds in the variousrevenue cycles, including: accounts receivable, billing, and cashreceipts.

• Identify common frauds related to different purchase cycles,including: acquisitions (ordering, receiving, and warehousing), cashdisbursements, payroll, and expense reimbursement.

• Isolate areas of greatest risk.• Set-up internal controls to mitigate assorted risks.• Effectively respond to fraudulent financial reporting.• Describe differences between external audit and forensics

procedures and principles.

Topics Discussed • Common fraud risks within the numerous variations of revenue,

purchasing, cash receipts, and cash disbursement processes• Analysis of controls for effectiveness and efficiency• Estimating the cost/benefit of correcting a control weakness• Control implementation ideas for a range of entity sizes and different

industries• Differences between external audit and forensic practices

28



Real-World Business Ethics for CPAs in A&A

Acronym CL4AARWBE

Field of Study Behavioral Ethics

CPE Credit Hours 4


Intended Audience CPAs in public practice who provide financial accounting and reporting services and CPAs in public practice who audit both private and publicly held companies

Prerequisite Experience in business and financial reporting




This course provides case studies drawn from real-life situations involving CPAs in accounting and auditing practices. Take a proactive, risk-avoidant stance by identifying common pitfalls and presenting alternative courses of action. Explore ethical issues in the context of actual regulatory and court proceedings that were resolved both in favor of and against A&A professionals in public practice. Study real-world A&A cases that explore the professional responsibilities of engagement and engagement quality review partners, managers, and staff in the context of key A&A ethical matters such as: independence, permitted and prohibited services, earnings management issues, records management, and client confidentiality. Consider these issues in relation to key A&A topics faced by every business and their professionals, such as revenue recognition, materiality, controls and procedures, and financial reporting questions or failures.


• Explain the process of addressing client communications when auditissues are identified.

• Identify independence issues specifically when working with clients inan advisory capacity.

• Describe how management integrity issues relate directly todetermination of audit scope and procedures used by forensic investigators.

• Explain the consequences of a CPA violation of the SEC’sprofessional conduct standards.

Topics Discussed • Analysis of ethical requirements from standard setters• Fact patterns from situations faced by CPAs in public practice• Special ethical issues in select areas: revenue recognition, materiality,

permitted services, client confidentiality, and independence

29


Accounting and Auditing Update


Acronym CL4AUAA

Field of Study Auditing (2)Accounting (2)

CPE Credit Hours 4


Intended Audience CPAs in public practice and industry who want to remain up-to-date on accounting and auditing pronouncements

Prerequisite Experience in accounting and auditing




Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting and auditing arenas. Let us sort through the complexities and help you identify and apply recently issued FASB and ASB standards and guidance. With the rate of change in today’s regulatory environment, you must stay current on the topics impacting the profession – don’t get left behind!


• Identify and apply recently issued FASB standards and guidance.• Assess the effect of recently issued auditing and attestation

standards.• Become familiar with exposure drafts and other projects in accounting

and auditing.

Topics Discussed • Recently issued ASUs, including the new revenue recognition

standard• FASB projects on leases and financial instruments• Private company financial reporting• Overview of the ASB Clarity Project• Recent PCAOB guidance

30


Acronym CL4CE


CPE Credit Hours 4


Intended Audience CPA firm attest staff, including paraprofessionals, who are new to performing compilation engagements or CPAs requiring a refresher on compilation engagements

Prerequisite None




This course covers the fundamentals you need to know regarding compilation engagements. You will learn about Statements on Standards for Accounting and Review Services (SSARS), and walk through a traditional compilation engagement. Thereafter, learn about the differences and procedures when performing special purpose or other types of compilation engagements.


• Identify the activities required to perform a basic compilation offinancial statements.

• Draft the accountant’s report.• Document the engagement in accordance with professional

standards.

Topics Discussed • Compilation engagement fundamentals• Performing and reporting on compilation engagements• Special purpose and other compilation engagements• Latest developments, including the SSARS Clarity Project• Sample compilation reports

Engagement Essentials: Compilation of Financial Statements


31


Acronym CL4COMP


CPE Credit Hours 4


Intended Audience CPA firm seniors (and above) managing engagements performed in accordance with SSARS

Prerequisite Experience with engagements performed in accordance with SSARS




If you supervise preparation, compilation, and review engagements, this course will help you comply with the professional standards by informing you of the latest developments and issues relevant to these engagements. Learn about Statement on Standards for Accounting and Review Services (SSARS) No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, released in connection with the Accounting and Review Services Committee’s SSARS Clarity project, quality control issues, International Financial Reporting Standards, and other areas affecting preparation, compilation, and review engagements.


• Plan, conduct, and review preparation, compilation, and reviewengagements.

• Identify the professional standards and risk factors relevant to theplanning of preparation, compilation, and review engagements.

Topics Discussed • Overview of preparation, compilation, and review guidance• The SSARS Clarity project, including the issuance of SSARS No.

21, Statements on Standards for Accounting and Review Services:Clarification and Recodification

• Accounting and reporting issues• Current practice issues• Common deficiencies in peer reviews• Current and future standard setting projects

Compilation, Preparation, and Review Engagements Update


32


Acronym CL4CRA


CPE Credit Hours 4







If you supervise preparation, compilation, or review engagements, this course will keep you informed of the most prevalent management and administrative issues facing today’s practitioners. We will reinforce your understanding with the use of several case studies that highlight real-life scenarios you are likely to face during your preparation, compilation, and review engagements. This course also exposes you to the new requirements contained in SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, released in connection with the Accounting and Review Services Committee’s SSARS Clarity project.


• Identify responses to preparation, compilation, and reviewengagement practice issues that comply with all applicableprofessional standards.

Topics Discussed • Guidance for preparation, compilation, and review engagements• Accounting and reporting issues• Engagement administrative and performance issues• Compilation and review reporting issues• Special Purpose Framework financial statement issues• Latest developments

Advanced Issues in Preparation, Compilation, and Review Engagements


33



Special Purpose Frameworks – Alternatives to GAAP

Acronym CL4CTB


CPE Credit Hours 4


Intended Audience Industry accountants and CPAs who are involved with financial statements presented in accordance with special purpose frameworks

Prerequisite None




Alternatives to GAAP can be more useful, relevant, consistent, and cost-effective for countless non-SEC registered businesses. This course provides the practical information you need to prepare financial statements presented in accordance with a “special purpose framework” (SPF) (previously known as other comprehensive basis of accounting). SPFs discussed include the cash basis, modified cash basis, income tax basis, and AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities.


• Describe the types of entities for which a SPF basis of accounting ismost appropriate.

• Recognize the main differences between the most commonaccounting methods used under GAAP and several SPFs.

• Identify the steps to prepare financial statements, both statementsand disclosures, in accordance with SPFs.

• Define how to prepare audit, compilation, and review reports forfinancial statements presented in accordance with a SPF.

Topics Discussed • Special Purpose Framework options• Differences between GAAP and Special Purpose Frameworks• Presentation and disclosures• Audit, compilation, and review reports• Financial Reporting Framework for Small-Medium Sized Entities

34


Workpapers are the building blocks for an audit. If relevant details are not listed in the workpapers, the manager and partner might not know about them or consider their ramifications. Everyone knows a poorly prepared workpaper is a time-waster, for the preparer, for the reviewer and for the partner, so proper workpaper preparation is critical. Learn the basics of workpaper preparation—form and content—to make sure everything significant is properly documented.


• Apply basic standards regarding workpaper documentation andproper workpaper technique.

Topics Discussed • Essential components of a workpaper• Preparing and maintaining workpapers• Different types of workpapers• Documenting audit tests• Workpaper critique• Improving workpaper technique

Acronym CL4DFW


CPE Credit Hours 4


Intended Audience Staff auditors who create workpapers

Prerequisite None




Audit Workpapers: Documenting Field Work


35



Forensic Accounting: Uncovering Schemes and Scams

Acronym CL4FAFR


CPE Credit Hours 4


Intended Audience Accountants in industry and public practice who are responsible for designing internal control systems or are involved in forensic accounting activities

Prerequisite Experience in accounting and financial reporting preferred




Are you prepared for the increasing demand for forensic accountants and forensic accounting procedures to detect and prevent misappropriation of assets, management fraud, and fraudulent financial reporting? As the focus on fraud discovery and deterrence rises, accountants must hone their skills to recognize fraudulent or deceptive practices and build their knowledge to redesign internal controls. This course enables you to learn investigative techniques to uncover various fraudulent scams and schemes and to sharpen your forensic skills. Don’t wait to learn and practice these critical forensic competencies!


• Explain the differences between the role of the forensic accountantand the traditional accountant and how to utilize forensic techniquesto ferret out fraudulent activity.

• Name the foundational components of AU-C section 240.• Recall analytical and investigative techniques used in forensic

engagements.• Demonstrate ways to detect under/over-valued assets.• Practice preparation techniques for a successful deposition.

Topics Discussed • Role of the forensic accountant• Development of the engagement agreement• Common fraud scams• AU-C section 240• Analytical and investigative techniques• Approaches to detect under/over valued assets• Preparation for the deposition phase• Alternative methods to settle a legal dispute

36



New FASB Developments for Business & Industry

Acronym CL4FASBI


CPE Credit Hours 4


Intended Audience Accountants, controllers, internal auditors, and other management-level accounting personnel within industry

Prerequisite Experience in financial reporting




CPAs in business and industry will benefit from this overview of new and recent FASB pronouncements. Gain expertise from a high-level approach to financial reporting issues backed by detailed descriptions and examples of the implementation of new standards. This training session guides you in assessing recent FASB guidance that has a major effect on all industries and provides you with an understanding of the latest pronouncements and exposure documents so that you are able to develop implementation strategies.


• Identify and apply the latest FASB accounting and reporting guidance.• Describe current FASB exposure drafts and projects.

Topics Discussed • New and recent FASB pronouncements, exposure documents, and

other guidance• Fair value accounting• Accounting for leases• International accounting• Revenue Recognition

37


Statement of Cash Flows: Preparation, Presentation, and Use

Acronym CL4FCFS


CPE Credit Hours 4


Intended Audience Practitioners and financial professionals involved in preparing financial statements

Prerequisite None




Top off your knowledge of the statement of cash flows. Review statement of cash flows preparation and presentation options and improve cash flow analysis. Explore the requirements of the statement of cash flows guidance and related standards, and learn how to make appropriate classifications of transactions and events.

This course introduces you to, and helps boil down, the intricacies of the overall cash flow statement and its three major sections.


• Identify the requirements of the statement of cash flows guidance andrelated standards.

• Make appropriate classifications of transactions.• Answer typical technical questions that may arise relating to cash

equivalents, net presentation, and noncash transactions.• Evaluate proposed changes from the FASB and IASB.

Topics Discussed • Presentation requirements and issues• Operating section options and reporting issues• Cash equivalents—issues and examples• Ongoing developments and proposed changes• Statement of cash flow worksheets




Fraud: Recent Findings, Red Flags and Corruption Schemes

Acronym CL4FRAU


CPE Credit Hours 4


Intended Audience Business owners, managers, supervisors, employees, accountants and auditors

Prerequisite Experience in accounting and reporting




How are fraud schemes perpetrated? Who does it? How much is stolen? What controls can be installed to prevent and detect these schemes? These and other questions are answered by a review of landmark fraud studies - including those conducted by the Committee of Sponsoring Organizations (COSO), the Association of Certified Fraud Examiners (ACFE), large CPA firms, and others. A list of the Top Ten Fraud Schemes, based upon these studies, is provided. Fraud red flags for non-traditional schemes are addressed. The categories of non-traditional fraud schemes include corruption, Ponzi, and Asset Flip schemes. These non-traditional fraud schemes are not usually addressed in traditional fraud courses. However, numerous entities have incurred significant financial losses as a result of these schemes and issues concerning these schemes need to be addressed to prevent financial losses. These schemes methodologies, related red flags and internal controls to prevent and detect these schemes are addressed in detail. Real-world cases are provided to reinforce concepts.


• Recognize red flags associated with non-traditional fraud schemes.• Install preventive and detective controls concerning non-traditional

fraud schemes.• Identify the elements of Ponzi, Asset Flip, and corruption schemes.• Relate a particular fraud scheme to specific landmark cases.• Synthesize the research findings from various fraud studies.

Topics Discussed • In-depth review of classic and recent non-traditional fraud cases:

ZeekRewards, HealthSouth, Apple Computers, Yelp, and others• Results of recent notable fraud studies• Conflicts of Interest and other policies• Distinctions between Ponzi and Pyramid schemes• Conflicts of interest (purchasing and sales schemes), Bribery

(kickbacks and bid rigging), Ponzi, and other schemes• SEC Response to Madoff Ponzi Scheme

39


Acronym CL4FWD


CPE Credit Hours 4


Intended Audience In-charges, supervisors, and seniors who supervise audit engagements

Prerequisite None




Are your partners or managers spending excessive time reviewing workpapers because your in-charges, supervisors or seniors have not been adequately trained? Make this course part of the firm’s quality control system so that partners can rest easier. Review various case examples that show field work supervisors what factors to consider and steps to follow when reviewing working papers. Explore typical deficiencies and learn how to minimize potential liability.


• Identify the tasks in supervisory-level reviews of workpaperdocumentation for audit engagements necessary to ensurecompliance with current professional standards.

Topics Discussed • “Nuts and bolts” of working papers• Conducting the review• Common shortcomings of working papers• Reviewing analytical procedures

Audit Workpapers: Reviewing Field Work Documentation


40


Acronym CL4ICDAD


CPE Credit Hours 4


Intended Audience Managers, supervisors, accountants, and others with duties critical to the system of internal control in business, government or nonprofits, members of SOX 404 internal control assessment teams, and auditors

Prerequisite None




Many managers, supervisors, and accountants in business, government, or nonprofits are not able to identify their departmental policies and procedures that function as the primary controls against errors and fraud. Alternately, auditors performing field work may be confused about how to interpret and evaluate management’s documentation of accounting processes and controls. Neither party may truly understand how their duties differ. This course gives participants a solid understanding of systems and control documentation. After an overview of the latest COSO guidance on the components and principles of effective internal control, this course introduces participants to basic tools used to document an accounting process. Participants then identify the risks of errors and fraud in the accounting system and the presence (or absence) of compensating controls. Finally, participants will practice identifying key controls and control weaknesses.


• Describe the components of a control environment.• Identify keys to success in designing a control environment with

strong internal controls.• Outline critical risk assessment considerations relating to an internal

control environment.• Classify IT control activities as to whether they are general or

application level controls.• Explain the application of information and communication to small

and medium-sized entities.• Identify the principles and attributes of monitoring.

Topics Discussed • Definition of internal control• The control environment• Risk assessment and fraud• Control activities—the complexities of the IT environment• Information and communication• Monitoring


Understanding COSO Internal Control Guidance

41


Acronym CL4ICSM


CPE Credit Hours 4


Intended Audience Accountants, auditors, managers, and others who are responsible for implementing, monitoring, evaluating, auditing, and designing cost-effective transaction processing system internal controls for small and medium-sized entities

Prerequisite None




This course provides practical guidance for those involved with internal control responsibilities (auditing, monitoring, implementing, etc.) in adapting the updated COSO Internal Control Framework to small and medium-sized entities’ transaction processing systems. Transaction processing IT and manual controls are appropriate for every entity, regardless of size. However, there is no standard set of transaction processing controls that can be applied to all entities. Oftentimes the transaction processing manual and IT internal controls “best practices” that have evolved over time are based upon large entity environments and these “best practices” are not necessarily relevant to small and medium-sized entities. Even those with transaction processing control responsibilities who are involved with large entities should benefit from this course as large entities are often a conglomeration of divisions, stores, departments, etc. Many controls that are appropriate for small and medium-sized entities are also appropriate in these decentralized environments.


• Understand a variety of internal controls that can be implemented in acost-effective manner for small and medium-sized entities’ transaction processing systems in accordance with the updated COSO integrated framework.

• Explain why a “one-size fits all best practices” set of transactionprocessing controls might not be appropriate for small and mid-sized entities.

• Identify the different types of manual and IT controls that should bepresent in small and medium-sized entities’ transaction processing systems.

• Understand different mitigating controls that can be implementedwhen primary controls are not available in small and medium-sized entities’ transaction processing systems.

Topics Discussed • The components of the updated COSO Internal Control Framework

that relate to transaction processing systems• Examples of major transaction processing systems• A discussion of cost-effective manual and IT transaction processing

controls that can be implemented in very small entities (mom and popbusiness, small school district or municipality)

• Controls that can be implemented in a variety of IT environmentscommonly found in small and medium-sized entities (in-house, cloudcomputing, network, service organizations, etc.)

Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities


42



Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

Acronym CL4INRR


CPE Credit Hours 4


Intended Audience Accountants in public practice and industry who need an update on the latest revenue recognition guidance

Prerequisite Experience in the application of accounting standards




The new accounting standard for revenue recognition has finally been released! With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance.


• Understand new revenue recognition principles.• Make appropriate revenue recognition decisions.• Identify steps to take today to be prepared for future implementation.

Topics Discussed • Background, purpose, and main provisions of new standard• Transition guidance• 5-step process for recognizing revenue• Disclosure requirements• Implementation guidance – contracts, tax matters, internal controls, IT

43



Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

Acronym CL4PCD


CPE Credit Hours 4


Intended Audience Auditors, practitioners, and all levels of CPA professionals

Prerequisite None




Purchasing and cash disbursements are common targets for fraud in any entity’s environment. Today, many practitioners, auditors and management in industry are aware of the criticality of adequate internal controls, but may be uncertain whether existing controls in their organizations are adequate. It is important to understand common frauds and internal controls over the purchasing and cash disbursement cycle. This course also emphasizes smaller businesses and not-for-profit entities in addition where cost/ benefit analysis is extremely important and fraud is more likely to occur. Learn how to analyze existing controls and consider or implement new controls to more effectively and efficiently address the needs of your organization.


• Discover common frauds in the purchasing and cash disbursementprocesses.

• Design internal controls to mitigate various risks.• Develop an analysis process to improve efficient and effective risk

management in your organization.

Topics Discussed • The acquisitions cycle: ordering, receiving, and warehousing• Cash disbursements cycle• Payroll and expense reimbursement frauds• External auditing and forensic investigations: conceptual and

procedural differences• Controls and design

44



Engagement Essentials: Preparation of Financial Statements

Acronym CL4PREP


CPE Credit Hours 4


Intended Audience CPA firm staff currently performing engagements in accordance with SSARS

Prerequisite None




This course introduces the new requirements applicable to engagements to prepare financial statements contained in Statements on Standards for Accounting and Review Services (SSARS) No. 21: Statements on Standards for Accounting and Review Services: Clarification and Recodification, released in connection with the Accounting and Review Services Committee’s SSARS Clarity project. You will also learn about other changes to the SSARSs resulting from the SSARS Clarity project and how those changes will affect your engagements. Thereafter, you will walk through a typical preparation engagement and be provided with illustrative examples of engagement letters and a table that will assist you in determining the various services that will trigger the application of the preparation requirements contained in the new SSARS. The relevant independence and ethical issues related to nonattest services will also be addressed.


• Understand the new professional standards related to the preparationof financial statements.

• Identify the activities required to perform a preparation of financialstatements.

• Document the engagement in accordance with professionalstandards.

• Become familiar with the changes to ethical requirements regardingnonattest services.

Topics Discussed • The SSARS Clarity Project• Essentials of preparation of financial statements• Performing preparation of financial statement engagements• Nonattest services• Illustrative engagement letters

45



Fraud and Cash Receipts: Common Frauds and Internal Controls

Acronym CL4RCR


CPE Credit Hours 4


Intended Audience Auditors, practitioners, and all levels of CPA professionals

Prerequisite None




Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well-publicized fraud in these areas in larger companies, it also occurs, and can even be more likely to occur, in smaller businesses and not-for-profit entities. A sound system of internal controls is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. It is crucial that an internal control system is tailored to the unique needs of each organization with a dedicated focus on areas posing the greatest risk; this course is designed to help you to do this.


• Identify common frauds in the revenue and cash receipts processes.• Identify internal controls that mitigate various risks.• Develop an analysis process to improve efficient and effective risk

management in your organization.

Topics Discussed • Traditional revenue system (used in this course)• Internal controls is a revenue system• Retail revenue cycle• Manufacturing revenue cycle• Service revenue cycle• Accounts receivable and billing• Cash receipts• Revenue frauds and fraudulent financial reporting

46


Engagement Essentials: Review of Financial Statements


This course covers the fundamentals you need to know regarding review engagements. You will learn about Statements on Standards for Accounting and Review Services (SSARS) and walk through a traditional review engagement. In addition you will explore inquiry and analytical procedures along with reporting requirements for these engagements.


• Identify the activities required to perform a basic review of financialstatements.


standards.

Topics Discussed • Review engagement fundamentals• Performing and reporting on review engagements• Inquiry and analytical procedures• Special purpose and other review engagement modifications• Latest developments, including the SSARS Clarity Project• Sample review reports

Acronym CL4RE


CPE Credit Hours 4


Intended Audience CPA firm attest staff, including paraprofessionals, new to performing review engagements

Prerequisite None




47



Real-World Business Ethics

Acronym CL4RWBE


CPE Credit Hours 4


Intended Audience CPAs in industry and practice who manage financial accounting and reporting and CPAs in public practice who audit both private and publicly held companies





Don’t be caught off guard by an ethics investigation. Adopt a proactive, risk-avoidance stance by sidestepping common pitfalls and taking alternative courses of action. To learn how, examine case studies based on real-life litigation and administrative proceedings involving CPAs in public practice and industry. Explore ethical issues in the context of actual proceedings that were resolved both in favor of and against accounting and auditing professionals. Achieve a new sense of appreciation for the difficulties faced by financial professionals and a heightened sensitivity for the types of ethical dilemmas you could face in the future.


• Identify comment accounting, auditing, and regulatory issues relatedto revenue recognition.

• Identify independence issues specifically when working with clients inan advisory capacity.

• Refine awareness of how management integrity issues play directlyinto audit scope and procedures used by forensic investigators.

• Describe procedures for investigating and reporting financialirregularities when faced with corporate crisis, such as insider trading.

• Outline the ethical obligations of CPA tax professionals under theStandards for Tax Services.

Topics Discussed • Analysis of ethical requirements from standard setters• Fact patterns from situations faced by CPAs in public practice• Special ethical issues in select areas: revenue recognition, materiality,

permitted services, client confidentiality, and independence• Fact patterns from actual proceedings

48



The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

Acronym CL4TTFS


CPE Credit Hours 4







Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material fraud schemes continue to succeed? Is this due to failures of properly designed internal controls? Could the internal controls be adequate but not complied with? This course provides descriptions of how the most common types of financial statement and misappropriation of asset fraud schemes are detected. Cost-effective internal controls that can be implemented to prevent these schemes are provided. Classic and contemporary real-world fraud cases are reviewed in detail to reinforce how these schemes are perpetrated, both due to internal control failures and other factors. Red flags that might possibly be indicative of these fraud schemes are addressed.


• Identify the schemes used to misstate revenue, inventory, assetoverstatements, estimates, and other accounts.

• Recognize suspicious journal entries.• Be familiar with the red flags associated with fraud schemes

concerning revenue, inventory, asset overstatements, estimates, andother accounts.

• Employ analytical procedures to detect various types of fraud.• Relate particular fraud schemes to landmark cases.

Topics Discussed • Major financial statement frauds including, among others, sales and

other types of revenue, estimates, journal entries, and other accounts• Major misappropriation of asset fraud schemes including skimming,

larceny, and additional schemes that occur in inventory, payables,and other accounts

• Review of landmark cases where the fraud scheme(s) occurred:WorldCom, Phar-Mor, McKesson and Robbins, Waste Management,MiniScribe, Mattel, Inc. Stew Leonard, and others

49


Annual Update for Preparation, Compilation, and Review Engagements


A go-to reference for training staff and managing your preparation, compilation, and review engagements, this course will enable you to be in compliance with all of the professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARS). A practice-oriented review of the latest developments, cases, and lively discussion among the experienced participants make this class informative and practical. The course covers the entire spectrum of practitioner concerns and introduces the new requirements applicable to engagements to prepare financial statements contained in SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, released in connection with the Accounting and Review Services Committee’s SSARS Clarity project.


• Plan, conduct, and review preparation, compilation, and reviewengagements.

• Identify the professional standards and risk factors relevant to theplanning of preparation, compilation, and review engagements.

• Identify responses to preparation, compilation, and reviewengagement practice issues that comply with all applicable professional standards.

Topics Discussed • Overview of preparation, compilation, and review guidance• The SSARS Clarity Project, including the issuance of SSARS No.

21, Statements on Standards for Accounting and Review Services:Clarification and Recodification

• Accounting and reporting issues• Current practice issues• Common deficiencies in peer reviews• Current and future standard setting projects• Engagement administrative and performance issues• Special Purpose Framework financial statement issues• Latest developments

Acronym CORU


CPE Credit Hours 8







50


Alternatives to GAAP – Using Special Purpose Frameworks

Acronym CTB


CPE Credit Hours 8


Intended Audience Industry accountants and CPAs who are involved with financial statements presented in accordance with other comprehensive bases of accounting

Prerequisite None




Are you and your clients aware of various financial reporting options that may be available to you or them? No matter if your answer is yes or no, you’ll want to learn and better understand how to prepare and report on financial statements, presented in accordance with a “special purpose framework” (SPF), (previously known as Other Comprehensive Basis of Accounting). Alternative accounting reporting methods can be more useful, relevant, consistent, and cost-effective for countless non-SEC registered businesses. This course discusses the cash basis, modified cash basis, income tax basis, and AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities and reviews differences between GAAP and SPFs. This is a must attend session!


• Describe the types of entities for which a SPF basis of accounting ismost appropriate.

• Explain the main differences between the most common accountingmethods used under GAAP and several SPFs.

• Identify the steps to prepare financial statements and disclosures inaccordance with SPFs.

• Recognize procedures performed in audits, reviews, and compilationsof SPF financial statements.

• Prepare appropriate audit, compilation, and review reports forfinancial statements presented in accordance with a SPF.

Topics Discussed • Special Purpose Framework options• Differences between GAAP and Special Purpose Frameworks• Presentation and disclosures• Audit, compilation, and review reports• Audit, compilation, and review procedures• Clarity standard AU-C Section 800 requirements• Financial Reporting Framework for Small and Medium-Sized Entities




Digging Deeper with Data Analysis

Acronym DDDA


CPE Credit Hours 8


Intended Audience Auditors, accounting professionals, fraud investigators, and finance professionals

Prerequisite Experience in accounting and auditing



Special NoteA laptop computer and Internet connection is required for this class


This new and exciting course will demonstrate value creation to the bottom line through alignment of data analysis to the audit plan, tests per financial statement or risk area, and how to discover fraud faster. The presentation will be broken up into key areas in the search to “dig deep” to increase assurance, coverage, value, and testing for fraud across the organization. It will include clear demonstrations and case studies of both cost versus benefit and overall return on investment for the organization.

The pressure from markets and corresponding regulations continues to build for greater assurance of financials coupled with the economic environment of doing more with less. The market and regulatory demands combined with the complexity within businesses provides an increasing opportunity to make an impact with data analysis. The internal challenges, which include process and system complexity, operations, data volume, control design and effectiveness, materiality, and fraud, are increasing exponentially as well. As a result, data analytics is becoming increasingly important for assurance, trend identification, fraud discovery, and value creation. This interactive session will demonstrate how data analytics integrated into an audit may aid in discovering control deficiencies, red flags, and fraud faster, while adding value to the bottom line.


• Increase proficiency in aligning risk and audit objectives to dataanalysis.

• Identify cost versus benefit and return on investment for dataanalysis.

• Demonstrate increasing value to business by area.• Increase proficiency to discover fraud faster with data analysis.

Topics Discussed • The fraud environment• Cost vs. benefit awareness• Creating value as a fraud fighter• Data analysis audit integration• Order to cash, procure to pay, among other areas• Interactive case studies

52



Auditing Employee Benefit Plans

Acronym EBPE


CPE Credit Hours 8


Intended Audience Auditors providing employee benefit audit and accounting services, benefit plan administrators and employees of companies with responsibility for accounting and reporting for plan benefits

Prerequisite None




Master the fundamentals of auditing employee benefit plans in accordance with AICPA and EBSA standards and avoid the problems that are often encountered. Explore the accounting and auditing requirements unique to employee benefit plans. This course is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help you more effectively plan and carry out your audit.


• Audit employee benefit plans in accordance with AICPA and EBSAstandards.

• Design specialized audit tests.• Plan the scope of an audit.• Understand the structure of the more popular employee benefit plans.• Understand accounting requirements unique to employee benefit

plans.

Topics Discussed • Common plan types• GAAP vs. ERISA reporting requirements• Recent developments• Filing and audit requirements• Planning the audit and assessment of risks• Prohibited transactions• Overview of tax compliance• Internal control and understanding unique to employee

benefit plans• Understanding and auditing 401(k), defined contribution, defined

benefit, health and welfare, and employee stock ownership plans(ESOPs)

53



Performing an Engagement Review

Acronym EPRM


CPE Credit Hours 8


Intended Audience Individuals who wish to serve as a review captain in a peer review

Prerequisite None




Learn to successfully conduct an engagement review under the AICPA Practice-Monitoring Program with the help of this training course for review captains. It features an overview of the AICPA Peer Review Program, a detailed discussion of the planning, performance, and reporting aspects of an engagement review, and a summary ofadministrative matters that reviewers should consider. The course also includes realistic case studies designed to reinforce the most important elements of an engagement review.


• Effectively create a plan for an engagement review.• Explain how to select the requisite accounting engagements for

review.• Identify steps needed to complete the engagement review.• Outline documentation requirements and prepare the engagement

review report.• Describe how to assist the reviewed firm in preparing its response to

the review.

Topics Discussed • Overview of the objectives and requirements of the AICPA Peer

Review Program• Steps in planning and performing an engagement review• Writing engagement review reports• Assisting firms in preparing letters of response• The role and qualifications of the peer reviewer in an engagement

review• Comprehensive engagement review case studies

54



Forensic Accounting: Fraudulent Reporting and Concealed Assets

Acronym FAFR


CPE Credit Hours 8


Intended Audience Accountants in industry and public practice who are responsible for designing internal control systems or are involved in forensic accounting activities

Prerequisite Experience in accounting and financial reporting




Forensic accountants know all too well the increasing pressure to accurately detect fraudulent financial reporting and to preemptively redesign internal controls to prevent misappropriation of assets. The unique combination of recent economic news and events, plus the endless spotlight of major business failures and scandals only perpetuate the forensic accountant’s responsibilities and due diligence. Recognizing fraudulent or deceptive practices is not always easy, but this course will sharpen your forensic skills with techniques to uncover fraudulent activities and help you to see them in their many guises.


• Describe the differences between the role of the forensic accountantand traditional accountant.

• Name the foundational components of AU-C section 240.• Explain how to use forensic techniques to ferret out fraudulent activity.• Recall analytical and investigative techniques used in forensic

engagements.• Recognize the importance of chain of custody in handling critical

documents reviewed in the process.• Prepare an effective written forensics report.• Demonstrate best practices to improve your success and credibility

on the witness stand.

Topics Discussed • Role of the forensic accountant• Development of the engagement agreement• Common fraud scams• Sources for corroborating data• Testifying as an expert• Analytical and investigative techniques• Approaches to detect under/over valued assets• Development of a written report

55



Forensic Accounting Investigative Practices

Acronym FAIP


CPE Credit Hours 8


Intended Audience Individuals looking to expand their knowledge of forensic accounting

Prerequisite Experience in accounting and financial reporting




If you are looking to gain more skills in the growing and lucrative field of forensic accounting, you’ll want to start with this course. Effective forensic accountants are part of a new breed of practitioners who possess a broad spectrum of traits and knowledge. This course dives into the unique investigative and communications skills and analytical practices required of the best forensic accountants by teaching you how to provide expert witness testimony in mediations, arbitrations, and governmental hearings. You’ll also learn how to use proven research, investigative methods, and proper documentation of evidence to successfully complete a forensic accounting engagement. This course demonstrates the keys to success in the exciting field of forensic accounting.


• Describe a comprehensive view of the field of forensic accounting.• Demonstrate how to search for and document evidence.• Apply investigatory techniques for conducting interviews.• Explain solutions for uncovering hidden assets using a hands-on

team case study.• Discuss how to document your findings in forensic accounting

reports.• Illustrate how to prepare to be an expert witness at a deposition and

trial.• Predict what to expect and how to avoid opposing counsels’ attempts

to exclude your testimony.

Topics Discussed • Evidence in the investigative process• Tools used in forensic investigations• Conducting interviews• Searching for hidden assets• Forensic accounting reports• Expert witness testimony

56



FASB Review for Business & Industry

Acronym FASBI


CPE Credit Hours 8


Intended Audience Accountants, controllers, internal auditors, and other management-level accounting personnel and educators





This comprehensive overview of recent FASB pronouncements provides CPAs in business and industry with a high-level approach to financial reporting issues. Utilizing detailed descriptions and examples of how to implement the new standards, this course instructs you on how to assess new and recent FASB guidance that have a major effect on all industries. It will allow you to gain an understanding of the latest pronouncements and exposure documents, and how to develop implementation strategies.


• Identify and apply the latest FASB accounting and reporting guidance.• Describe current FASB exposure drafts and projects.• Prepare disclosures.

Topics Discussed • The financial reporting environment• International accounting and reporting standards• Summary of recent FASB publications• Accounting for financial assets and derivatives• Accounting for leases• Fair value accounting• Business combinations, goodwill, and variable interest entities• Intangible assets, goodwill, and impairment issues• Revenue Recognition

57


Statement of Cash Flows: Preparation and Presentation

Acronym FCFS


CPE Credit Hours 8


Intended Audience Practitioners and financial professionals involved in preparing financial statements

Prerequisite None




Reinforce what you already know about the statement of cash flows with industry-specific examples and issues. Review statement of cash flows preparation and presentation options, improve cash flow analysis. Explore the requirements of the Statement of Cash Flows guidance and related standards, and learn how to make appropriate classifications of transactions and events. Special attention is given to contrasting the direct and indirect methods of presenting operating cash flow information.

This course introduces you to, and helps boil down, the intricacies of the overall cash flow statement and its three major sections.


• Identify the requirements of the Statement of Cash Flows guidanceand related standards.

• Make appropriate classifications of transactions.• Answer typical technical questions that may arise relating to cash

equivalents, net presentation, and noncash transactions.• Evaluate proposed changes from the FASB and IASB.

Topics Discussed • Scope and use of statement of cash flows• Presentation requirements and issues• Operating section options and reporting issues• Cash equivalents—issues and examples• Foreign operations• Reporting for not-for-profit and financial institutions• Reporting for governmental entities• Ongoing developments and proposed changes• Statement of cash flow worksheets



Engagement Essentials: Preparation, Compilation, and Review of Financial Statements


Many new CPAs are not familiar with two of the local CPA firm’s most popular engagements: compilations and review of private companies. Shorten your learning time and increase your earning time by attending this hands-on course. First, you will learn what distinguishes a compilation and review from a traditional audit. Then, after an overview of current SSARS standards, you will walk through the steps of a compilation engagement followed with the same for a review engagement to increase concept comprehension and retention.


• Identify the activities required to perform a basic compilation andreview of financial statements.


standards.

Topics Discussed • Compilation and review engagement fundamentals• Performing and reporting on compilation and review engagements• Special purpose and other compilation and review engagements• Sample compilation and review reports• Inquiry and analytical procedures• Latest developments, including the SSARS Clarity Project

Acronym FCRE


CPE Credit Hours 8


Intended Audience CPA firm attest staff, including paraprofessionals, who are new to performing compilation or review engagements or CPAs requiring a refresher on compilation or review engagements

Prerequisite None




59



Identifying Fraudulent Financial Transactions

Acronym FE-FFT


CPE Credit Hours 8


Intended Audience Accountants in industry, internal auditors and CPAs in public practice who are responsible for the quality and integrity of financial information

Prerequisite Experience in accounting and reporting preferred




Financial statement fraud continues to plague corporate America and often remains at the center of the forensic CPA’s investigation. Now, more than ever, it is imperative that CPAs stay current on the requirements of AU-C section 240, the most common fraud schemes and best practices to acquire the tools you need to help you to uncover fraud. This course defines the nature of financial statement fraud, the auditor’s responsibilities for fraud and a framework for preventing and detecting fraud. You will analyze a variety of schemes and learn how to spot the red flags of fraud in financial information.


• Identify the auditor’s responsibilities for fraud detection.• Describe a solid framework for detecting financial statement

fraud, including the identification of revenue-related exposuresand symptoms, inventory and cost of goods sold exposures andsymptoms, understatement of liabilities exposures and symptoms,and overstatement of assets.

• Organize the follow-up on symptoms of revenue-related schemes,inventory fraud, understatement of liabilities fraud, and overstatementof assets fraud.

• Recognize instances of inadequate disclosure fraud.• Employ proven methods of financial statement fraud prevention.

Topics Discussed • Introduction to financial statement fraud• Auditor’s responsibility to detect fraud• Identifying fraud exposure• Revenue-related financial statement fraud• Inventory and cost of goods sold fraud• Understatement of liabilities fraud exposures and symptoms• Overstatement of assets fraud exposures and symptoms• Inadequate disclosure fraud• Fraud prevention

60



Audits of 403(b) Plans

Acronym FOTB


CPE Credit Hours 8


Intended Audience Practitioners providing plan audit and accounting services, benefit plan administrators and employees of companies with responsibility for accounting and reporting for benefit plans

Prerequisite Understanding of the audit of an employee benefit plan and the basics of ERISA




Are you familiar with the special characteristics of the 403(b) plan? In this course you will build on what you already know about auditing benefit plans and learn the similarities and differences between auditing a 403(b) plan and the more familiar 401(k) plan. Gain a background on the tax rules applicable to a 403(b) plan and develop a better understanding of how the audit procedures must be modified from those of more traditional plans. Focus on the open issues created by the first-time audit of a benefit plan that may have been in existence for nearly 50 years and whose investments may have been managed more like individual retirement accounts than qualified plan trust accounts.


• Distinguish between the operating differences of a 401(k) and a403(b) plan.

• Identify the key issues that must be addressed in preparing for theinitial audit of the 403(b) plan.

• Recognize the unique internal controls that should be present for a403(b) plan.

• Recognize the challenging open issues on the definition of a planparticipant and a plan asset.

• Design audit procedures responsive to the unique attributes of 403(b)plans.

• Plan the scope of the audit with particular attention to first-time-through procedures.

• Apply the accounting requirement for employee benefit plans to thisarrangement.

Topics Discussed • 403(b) plans – the basics• Governmental regulations and reporting requirements• Fundamentals of 403(b) plans• Engagement planning and internal control environment• Audit and accounting issues of 403(b) plans• Plan sponsor action steps• Audit opinions and financial statements• Form 5500 and other items for consideration

61



AcronymFRFS

Field of StudyAccounting

CPE Credit Hours 8

Knowledge LevelIntermediate

Intended AudienceAccountants, financial managers, and CPAs involved with the preparation, review, or attestation of financial statements for small to medium-sized entities

PrerequisiteAbility to prepare GAAP financial statements and evaluate financial statement disclosures




Financial Reporting Framework for SMEs

Now CPAs have a great new value-add option for their small business clients and employers. The AICPA’s recently issued Financial Reporting Framework (FRF) for Small and Medium-Sized Entities (SMEs) is a simpler and more cost-effective reporting alternative to GAAP, suited for privately-held, small to medium-sized companies. In this course, you will experience a practical overview of FRF for SMEs to help you apply the framework, including the form, content and disclosures that apply to most SMEs. As a result of understanding and applying the FRF for SMEs, you may look forward to additional opportunities to help small business owners make better-informed decisions and plot the entity’s future strategy with more decipherable financial statements.


• Describe the fundamentals underlying FRF for SMEs, including thecomponents of a complete set of financial statements.

• Account for business combinations under FRF for SMEs, includingthe determination of goodwill.

• Apply amortization methods and periods for goodwill and intangibleassets.

• Recognize the accounting policy elections available for investmentsunder FRF for SMEs.

• Apply methods of accounting to investments.• Distinguish among the different types of leases from the perspective

of lessees and lessors.• Effectively transition to FRF for SMEs from other bases of accounting.• Recognize when and how to apply “push-down” accounting.• Recite other less frequently encountered reporting matters under FRF

for SMEs.

Topics Discussed• Financial statement concepts and the foundation for reporting under

the FRF for SMEs• Advantages of using FRF for SMEs• Transitioning from GAAP to FRF for SMEs• Accounting for inventories and investments• Accounting for revenue, leases and income taxes• Accounting for related party transactions and subsidiaries

62



FASB Review: Common GAAP Issues Impacting All CPAs

Acronym FRU


CPE Credit Hours 8


Intended Audience Accountants in practice and industry who need an intermediate level review and update on recent financial pronouncements





Are you looking for a review and update of common GAAP issues important to all CPAs? This broad-ranging course covers FASB accounting and reporting developments and other authoritative guidance that applies to all companies. Emphasizing financial statement disclosures in addition to accounting methods, this course presents implementation guidelines and disclosure illustrations from actual financial statements. Review reporting standards for the balance sheet, income statement, and statement of cash flows to gain an understanding of the FASB standards that have the greatest impact on accounting and financial reporting.


• Identify and apply the latest FASB accounting and reporting guidance.• Describe current FASB exposure drafts and projects.• Prepare disclosures.

Topics Discussed • International accounting• Accounting for research and development• Accounting for leases• Contingencies and other uncertainties• Accounting for debt• Accounting for income taxes• Income statement presentation and interim reporting• Statement of cash flows• Segment reporting• Long-lived assets: Interest capitalization and nonmonetary

transactions

63



Fair Value Accounting

Acronym FVA


CPE Credit Hours 8


Intended Audience Practitioners and members in industry responsible for accounting and financial reporting

Prerequisite Experience with financial accounting and reporting




Gain insights into the rationale behind fair value measurement. Learn about the issues that arise when fair value accounting is implemented under existing FASB standards and see examples of these issues. Learn about the application of fair value measurement in the context of business combination. In addition, see sample presentations of the measurement and estimation challenges that confront preparers and auditors in the areas of initial recognition, subsequent measurement, goodwill impairment, and the use of a valuation specialist.


• Identify and apply key concepts of fair value measurement.• Determine instances when FASB guidance requires measurement of

assets or liabilities at fair value.• Describe considerations relating to fair value in the context of initial

recognition and subsequent measurement.• Describe considerations relating to working with a valuation specialist.

Topics Discussed • Fair value measurement and disclosures• Fair value in business combinations• Testing for subsequent impairment of fair value• Working with a valuation specialist• Fair value measurement case study

64


Group Audits: Clarifying the Complexities


AU-C section 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors), changes terminology and more clearly articulates a group auditor’s responsibilities (formerly known as the “Principal Auditor”), which includes the extent of their involvement in the work of a component auditor (formerly referred to as the “other auditor”). The course provides explanations, examples, and discussions on key issues, identifies areas that group auditors and component auditors need to understand, and provides you with a plain English understanding of all they key concepts related to group audits. As an added bonus, when applicable, this course highlights some of the unique audit considerations for group audits involving state and local governments.


• Identify key group audit concepts.• Understand the overall group auditor responsibilities when deciding

to serve as the group auditor.• Develop a group audit strategy.• Identify, communicate with, and understand component auditors and

their involvement in the audit.• Identify group auditor responsibilities when making reference to

the work of a component auditor vs. assuming responsibility for thecomponent auditor work.

• Gain an understanding of group engagement team involvement withthe component auditor and their work.

• Identify the audit reports issued on the group financial statements.

Topics Discussed • Identifying the key issues related to group audits• Overall responsibilities of group and component auditors• Developing a group audit strategy• Interacting with component auditors• Details of the audit reports issued on the group financial statements• When applicable, audit considerations for group audits involving state

and local governments

Acronym GAUD


CPE Credit Hours 8


Intended Audience All auditors involved in Group Audits

Prerequisite Basic audit knowledge




65



GAAS: A Comprehensive Review for Auditors

Acronym GENA


CPE Credit Hours 8


Intended Audience Auditors who would like a refresher on generally accepted auditing standards

Prerequisite None




From the beginning of the engagement through the issuance of the auditor’s report, the auditor is expected to have a thorough understanding of the auditing standards and how to apply them. This course will cover Generally Accepted Auditing Standards as issued by the Auditing Standards Board. Risk assessment, group audits, and reporting will all be discussed. Make sure you are up-to-date with the latest changes and ensure you are providing the highest level of client service to your audit clients.


• Navigate the auditing standards.• Identify the key phases in an audit.• Apply the auditing standards to your engagements.

Topics Discussed • Risk assessment standards• Engagement letters• Auditor reports• Group audits• The use of internal audit• The use of the auditor’s specialist

66



How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program

Acronym HCRPM


CPE Credit Hours 16


Intended Audience Individuals who wish to serve as peer review team captains and review captains

Prerequisite Working knowledge and experience with the Statements on Quality Control Standards



Special NoteA laptop computer and Internet connection is required for this class


Learn the foundation of an effective peer review engagement and evaluation of a firm’s system of quality control under the AICPA Practice-Monitoring Program. This course features realistic case studies that encompass the most important elements of a system peer review, as well as several case studies pertaining to an engagement review. As a current or future team and/or review captain, you learn to successfully plan for, perform, and report on both system and engagement reviews. You are also introduced to the administrative and committee roles in the peer review program.


• Explain the process of how to effectively plan system andengagement peer reviews.

• Identify steps needed to understand a firm’s system of quality control.• Document procedures used in testing the firm’s system.• Prepare the peer review report.• Provide recommendations for follow-up action to the administrating

entity.• Identify the impact and effect that organizational issues have on a

firm’s system of quality control.

Topics Discussed • Evaluation of a firm’s system of quality control• Steps in a peer review engagement• Writing peer review reports• Assisting firms in preparing letters of response• Planning and conducting the exit conference• The role and qualifications of the peer reviewer in system and

engagement reviews• Objectives and requirements related to peer reviews in a peer review

program• Comprehensive system peer review case studies• Engagement reviews and their distinct differences from system

reviews

67


Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors


Acronym ICDAD


CPE Credit Hours 8


Intended Audience Auditors, managers, supervisors, accountants, and others with duties critical to the system of internal control in business, government or nonprofits

Prerequisite None




Many managers, supervisors, and accountants in business, government or nonprofits are not able to identify their departmental policies and procedures that function as the primary controls against errors and fraud. Alternately, auditors performing field work may be confused about how to interpret and evaluate management’s documentation of accounting processes and controls. Neither party may truly understand how their duties differ. This course gives participants a solid understanding of systems and control documentation. After an overview of the latest COSO guidance on the components and principles of effective internal control, this course introduces participants to basic tools used to document an accounting process. Participants then identify the risks of errors and fraud in the accounting system and the presence (or absence) of compensating controls. Finally, participants will practice identifying key controls and control weaknesses.


• Identify ways to obtain cost efficiencies and effectiveness in internalcontrols in various types of smaller entities.

• Describe factors that an auditor should consider when obtaining anunderstanding of the entity and its environment.

• Identify keys to success in designing a control environment withstrong internal controls.

• Explain the steps required as part of management’s documentation ofcontrol activities.

• Describe tools that can assist in the documentation of internalcontrols.

Topics Discussed • Fundamental components and principles of internal control• Integrated framework and small business tools’ reports• Management responsibilities vs. auditor responsibilities• Common significant accounting processes• Fraud risks for major classes of transactions• Tools and techniques used for internal control documentation• Estimating the cost and benefit of remedying a control weakness• The seventeen principles contained within the COSO Integrated

Framework underlying each component of internal control

68



Internal Controls and Risk Assessment: Key Factors in a Successful Audit

Acronym ICRA


CPE Credit Hours 8


Intended Audience Practitioners responsible for or involved in financial statement audits

Prerequisite Previous auditing experience




Under generally accepted auditing standards (GAAS), all auditors are required to follow a risk-based approach to auditing. The consideration of internal control is key to risk assessment and to the determination of overall audit approach. Understand the requirements in a financial statement audit for understanding internal control and assessing the design and implementation thereof. The focus of this course is to help you get it right! Throughout the course we’ll enhance your understanding with exercises designed to illustrate how the concepts apply to practical audit situations.


• Understand the professional requirements relating to internalcontrol considerations in a financial statement audit, including theirrelationship to risk assessment.

• Demonstrate how to implement the requirements in practice.

Topics Discussed • The requirement to assess internal control• COSO’s integrated framework• Internal control as a part of risk assessment• Testing internal controls and controls reliance• The use of a service organization in the context of an entity’s system

of control• IT general control and application controls• Documenting the control assessment• Assessing and communicating deficiencies• Efficient and effective practices

69


Internal Control Best Practices for Small- and Medium-Sized Entities


Acronym ICSM


CPE Credit Hours 8


Intended Audience Accountants, auditors, managers, and others who are responsible for implementing, monitoring, evaluating, auditing and designing cost-effective internal controls for small and medium-sized entities

Prerequisite None




This course provides practical guidance for those involved with internal control responsibilities (auditing, monitoring, implementing, etc.) in adapting the updated COSO Internal Control Framework to small and medium-sized entities. Internal control concepts are applicable to every entity, regardless of size. However, there is no “one size fits all” set of rules that can be applied to all entities. Often times the internal control “best practices” that have evolved over time are based upon large entity environments and these “best practices” are not necessarily relevant to small and medium-sized entities. This course will show you the best practices for designing, implementing, monitoring, evaluating, and auditing cost-effective internal controls for small and medium-sized entities.


• Identify a variety of specific internal controls that can be implementedin a cost-effective manner for each component of the updated COSO Integrated Framework in both small and medium-sized entities and larger entities with decentralized operations.

• Design controls for very small entities.• Explain why a “one-size fits all best practices” approach might not be

appropriate for many entities.• Evaluate the risks associated with the failure to implement internal

controls and be cognizant of inexpensive compensating controls thatcould decrease these risks.

• Understand different IT and manual controls that should be present ina variety of small and medium-sized entities.

• Implement mitigating controls when primary controls are notavailable.

Topics Discussed • The components of the updated COSO Internal Control Framework

and related principles• Adapting the updated COSO internal control framework principles for

small and medium-sized entities• A discussion of cost-effective controls that can be implemented in

very small entities (mom and pop business, small school district or municipality)

• Identifying the principles of information and communication• In-depth coverage of cost-effective transaction processing systems

controls• IT and manual controls that can be implemented in a variety of

processing environments (in-house, cloud computing, network, etc.)

70



AcronymIDENT

Field of StudyAuditing

CPE Credit Hours8


Intended AudienceCPAs, forensic accountants, fraud examiners, individuals in the banking and financial services industry, attorneys, law enforcement, and other interested individuals

PrerequisiteBasic knowledge of fraud and related investigations



Special NoteA laptop computer, tablet, iPad, smartphone, or other means of connecting to the Internet is required during this course


Identity Theft: Preventing, Detecting, and Investigating Identity Theft

Protect yourself and your clients from identity theft, which includes the theft of personal and professional identities. No one is immune from this rising tide of criminal misconduct and as your clients seek your advice, you will be required to perform due diligence in protecting their IDs. Some will even be tasked with investigating the crime. This course addresses the needs of each.

As the instances of identity theft continue, people are clamoring for ways to detect identity theft, protect themselves from becoming a victim, and investigating instances of theft when they strike. Don’t allow you or your client to become the next victim!


• Identify the various means used to commit identity theft and howthieves obtain the information necessary to commit these crimes.

• Describe how to protect personal and professional identities fromidentity theft.

• Explain how to investigate a case of identity theft, and the stepsinvolved in such investigation.

• Outline keys to success when teaching clients how to implementpolicies and procedures to protect their identities.

Topics Discussed• Identity theft statistics• Types of identity theft• Obtaining the victim’s information• Tools used in identity theft investigations• Finding identifying information on the Internet• Investigating identity theft• Detecting and preventing identity theft

71



Revenue Recognition: Mastering the New FASB Requirements

Acronym INRR


CPE Credit Hours 8


Intended Audience Accountants in public practice and industry who need an update on the latest revenue recognition guidance





The effective date of the new accounting standard for revenue recognition is fast approaching! With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance. In addition, you will understand how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.


• Understand new revenue recognition principles.• Make appropriate revenue recognition decisions.• Identify steps to take today to be prepared for future implementation.

Topics Discussed • Background, purpose, and main provisions of new standard• Transition guidance• 5-step process for recognizing revenue• Disclosure requirements• Implementation guidance – contracts, tax matters, internal controls, IT

72



IT Risks and Controls in Current and Emerging Environments

Acronym ITRC


CPE Credit Hours 8


Intended Audience Auditors, managers, and internal auditors in nonpublic companies, not-for-profits, and government agencies

Prerequisite Working knowledge of internal control and IT




Accounting transactions and other types of processing are conducted in a variety of IT environments. These IT environments could be traditional, such as Local Area Networks, or emerging, such as cloud and mobile computing. There are internal controls and risks that are common to all IT environments in both large and small entities. There are also IT internal controls and risks that are unique to less complex, more complex, traditional, and emerging technologies. This course will cover these topics and others including trust services associated with the internet and cloud computing, testing procedures, management controls, electronic evidence, COSO IT controls, and the most recently ranked top IT technologies.


• Identify the COSO internal control elements.• Explain IT general control concepts.• Explain the impact of weaknesses in general controls on various

sized entities, specifically, smaller, less complex entities.• Describe the relationship between manual and IT application controls.• Outline key definitions, components, and risks relating to information

technology environments.• Provide examples of common e-commerce risks and related controls.• Understand the commonalities among the COBIT, AICPA, and COSO

internal control frameworks.• Explain how risk assessment procedures are applied in the IT phase

of the audit.• Describe risks related to cloud and mobile computing and methods to

mitigate these risks.

Topics Discussed • COSO Internal Control and IT• Types of IT controls• IT application controls• Information technology environments• E-commerce and trust services• SOC reports, cloud computing, and AU-C Section 402• IT risk assessment and other auditing procedures• Cloud/mobile computing and other current topics

73


Public Company Update: SEC, PCAOB, and Other Developments

Acronym PCOU


CPE Credit Hours 8


Intended Audience Accountants involved in SEC accounting and reporting and independent auditors (senior through partner) of SEC registrants

Prerequisite Experience in SEC accounting and reporting



First Offering DateJuly 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

Keep up with the changes in the requirements for public companies, their management, and their auditors. The corporate financial reporting manager or independent auditor is responsible for keeping up with the modifications. This course will update you on the latest pronouncements, regulations, and guidance issued by the SEC and PCAOB as they apply to the filings and audits of this reporting cycle. Plus, you will learn what these organizations are planning and saying about the future so you can be out front in identifying developments that affect your company or auditing firm.


• Identify recent SEC and PCAOB rules and guidance and otherdevelopments that affect filings or engagements in this reportingcycle.

• Identify key concepts of ASC 820 Fair Value Measurement.• Identify key financial and non-financial requirements of an Initial

Public Offering (IPO).

Topics Discussed • SEC guidance that could directly affect your company, management

and auditors• PCAOB firm registration, audit standards, and auditor regulation

developments• Actions by the AICPA center for Audit Quality SEC Regulations

Committee and others• Emerging issues, trends, and new resources




Audit Sampling

Acronym RAAS


CPE Credit Hours 8


Intended Audience CPA staff (and above) who perform audits, internal auditors and other industry accountants interested in applying sampling techniques

Prerequisite None




Learn how to determine appropriate sample sizes, select and evaluate samples in connection with performing auditing procedures. This course uses examples and case studies to give experience performing and evaluating samples using several important techniques such as attribute sampling for controls testing and monetary unit sampling for performing substantive tests. You will learn the situations where various substantive sampling procedures are the most appropriate. The use of sampling in special situations, such as estimating amounts and in litigation support, will also be discussed. An example of applying classical variables sampling to an audit population will also be illustrated and explained. While the course focus is on non-statistical methods, the statistical basis of these methods will be used in illustrations.


• Explain the foundational concepts of sampling practices in auditing.• Describe the following types of sampling: attribute sampling,

monetary unit sampling, and classical statistical sampling.• Identify the process of determining the most appropriate sampling

technique to properly align with the given test population.• Explain the benefits of utilizing statistical sampling methods for audit

populations.

Topics Discussed • Attribute sampling for control testing• Monetary unit sampling for performing substantive tests• Relating risk in material misstatement and sampling risk• Controlling and evaluating sampling risk• Selecting a representative sample• Using PPS sampling• Nonstatistical sampling

75


Real Estate Accounting & Auditing

Acronym REAA


CPE Credit Hours 8


Intended Audience Financial managers, auditors, and analysts involved with real estate transactions and holdings

Prerequisite General understanding of accounting and auditing standards




Real estate assets have some unique features which can affect the way real estate transactions are structured, accounted for, and audited. How do you record asset impairments? How do you handle reporting issues related to rental operations? These are just some of the many special considerations that apply to real estate. If you advise or work for companies with real estate holdings, this course is for you. Learn how to identify the three distinct stages of real estate assets, then examine and apply the accounting and auditing standards governing each stage.


• Apply the accounting and auditing standards governing real estate.• Identify accounting and auditing problems surrounding real estate

transactions.• Estimate fair value of real estate assets.

Topics Discussed • Accounting for real estate acquisition and development• Impairment of real estate assets• Rental operations• Real estate sales and profit recognition• Estimating fair value of real estate assets• Audit strategies and techniques for real estate activities



Acronym REFR


CPE Credit Hours 8


Intended Audience Finance and accounting practitioners, and professionals who advise or work for companies with real estate holdings

Prerequisite Basic knowledge of real estate accounting




The real estate industry has some unique and complex accounting and financial reporting challenges. If you advise or work for companies with real estate transactions, this course is for you. This course explores many of the special accounting characteristics one faces with real estate such as acquisition and development of real estate assets, rental operations, real estate investments, impairment, sales of real estate assets, and much more.


• Identify the unique real estate accounting and financial reportingstandards.

• Properly account for the recognition and measurement of real estatetransactions.

• Identify accounting problems surrounding real estate transactions.

Topics Discussed • Accounting for real estate acquisition and development• Rental operations• Investments in real estate ventures• Impairment of completed real estate projects• Real estate sales and profit recognition• Sale-Leasebacks and nonmonetary exchanges• Estimating fair value of real estate assets

Real Estate Accounting and Financial Reporting: Tackling the Complexities


77



IFRS Standards: Financial Reporting in a Global Environment

Acronym REIF


CPE Credit Hours 8


Intended Audience CPAs, accountants, and analysts in industry and practice who manage or audit financial accounting and reporting

Prerequisite Basic knowledge of the conceptual differences between IFRS and U.S. GAAP




In today’s interconnected world of accounting and financial reporting, basic competency in IFRS (International Financial Reporting Standards) is an important component of the financial professional’s toolbox. Multinational organizations, U.S.-based subsidiaries of foreign corporations, U.S.-based parent companies with international subsidiaries that have adopted IFRS, and the individuals and firms who provide these companies with audit, preparation, or advisory services can all benefit from this course. You will not only gain an understanding of the background and framework of IFRS, but also how to apply specific IFRS standards in financial statement preparation. This course will help you gain a core competency in IFRS as the acceptance and adoption of IFRS grows.


• Apply specific IFRS accounting requirements to related financialstatement line items.

• Understand disclosure requirements for significant accounting topics.• Identify potential issues that may arise with complex accounting

topics under IFRS.

Topics Discussed • IFRS background and framework• IFRS for specific financial statement line items• Complex accounting topics including derivatives, hedging, business

combinations, and consolidations

78



Real-World Business Ethics

Acronym RWBE


CPE Credit Hours 8


Intended Audience CPAs in public practice who provide financial accounting and reporting services and CPAs in public practice who audit both private and publicly held companies





Ethical lapses are often caused by misunderstandings, inattention, or a lack of knowledge. Learn how you can be proactive and adopt policies and procedures that minimize risk. Learn the common pitfalls and how to avoid them. Examine case studies based on actual litigation and administrative proceedings that involve CPAs in public practice and in industry. You’ll discuss issues involved in real-life proceedings. Develop a keen awareness of the issues and a heightened sensitivity for the types of ethical dilemmas you could face in the future.


• Identify common accounting, auditing, and regulatory issues relatedto revenue recognition.

• Refine awareness of how management integrity issues play directlyinto audit scope and procedures used by forensic investigators.

• Explain valuation risks associated with certain types of investmentsecurities, and the complexities of establishing proper valuation procedures.

• Describe procedures for investigating and reporting financialirregularities when faced with corporate crisis, such as insider trading.

• Explain the relationship between responsibilities of the audit and theaudit committee, including with regard to whistleblower programs.


Topics Discussed • Analysis of ethical requirements and considerations• Fact patterns from situations faced by CPAs in public practice• Special ethical issues in select reporting and disclosure areas:

off-balance sheet financing, related party transactions, revenuerecognition, materiality, loan and lease loss reserves, restructuringcharges, and independence

• Key Issues in civil and regulatory actions• Effect of changes in disciplinary procedures and oversight• SEC enforcement proceedings and their implications

79



SEC Reporting

Acronym SECR


CPE Credit Hours 16


Intended Audience Seniors, managers, and partners in public practice with SEC registrants as clients and financial reporting managers of registrants, or companies planning to go public

Prerequisite Ability to prepare standard financial statements and evaluate financial statement disclosures




Comply confidently with the latest SEC reporting requirements with this comprehensive course. It clarifies new, difficult, and important reporting and disclosure requirements while giving examples and tips for ensuring compliance. Learn to apply regulations S-X, S-K, and other SEC guidance, prepare or review financial statements and their related disclosures, and more.


• Identify reporting requirements of Regs S-X, S-K, and SOX.• Identify key required disclosures on Forms 10-K, 10-Q, 8-K and

Schedule 14A.

Topics Discussed • Overview of going public and the function of the SEC• Review of Regs S-X and S-K and significant SEC guidance• Actual filings of publicly-traded companies• Latest SEC developments and hot buttons

80


Acronym SMBZ


CPE Credit Hours 8


Intended Audience CPAs who require a review of recent accounting and auditing pronouncements

Prerequisite Previous auditing and accounting experience




Geared toward practitioners who provide accounting and auditing services to small businesses, this course updates you on the new accounting, auditing, compilation and review standards, and other professional guidance that impact small businesses and their auditors. Materials include practical applications of the topics covered to help you understand and apply the standards to real-life scenarios. With the rate of change in today’s regulatory environment, you must stay current on the topics impacting the profession. Your clients are counting on you!


• Apply recently issued FASB, ASB, and ARSC guidance andstandards that impact small businesses.

• Identify various standard setters’ project updates.

Topics Discussed • Accounting standards updates, including the new revenue recognition

standard• Compilation and review update• FASB projects—leases and financial instruments• Private company financial reporting, including financial reporting

Framework for small and medium-sized entities• Overview of the Clarity Project and key changes• Adoption of IFRS in the United States – an update• Impact of current environment on audit planning• AICPA Code of Conduct

Accounting and Auditing Update for Small Businesses


81


Upcoming Peer Review: Is Your Firm Ready?

Acronym SNPR


CPE Credit Hours 8


Intended Audience Practitioners subject to peer review who are involved in compiling, reviewing, or auditing financial statements of small and midsize businesses

Prerequisite Experience in providing audit, review, and compilation services




What does it take to have an effective quality control system that leads you to a clean, unmodified peer review report? Find out how to prepare for your next review and what can be done on a daily basis to create a strong quality control environment for your firm. Identify the most common significant deficiencies that peer reviews uncover and what you can do to prevent them from occurring in your firm. Consider the process for selecting the appropriate peer reviewer and determine the right review year-end for your firm. If you have specialized engagements, such as governmental units, not-for-profit organizations, construction contractors, or employee benefit plans, this course examines the additional issues that may come into play.


• Create a firm environment that focuses on quality control.• Understand the basic steps for monitoring and inspections.• Establish quality control system based on the Quality Control

Standards.• Recognize significant recurring engagement deficiencies and how to

prevent them.• Prepare for your next peer review – decisions to make and pulling

together the right information.

Topics Discussed • What to do between reviews to maintain a quality control environment

and continually prepare for the next review• Common engagement deficiencies and how to prevent them• Selection process—the peer reviewer and the review year-end• Quality control standards overview• What you need to assemble for your reviewer• Peer review wrap-up expectations• Solutions to common quality control issues




Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes

Acronym TTFS


CPE Credit Hours 8







Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material and frequently recurring frauds succeed? One reason is that business owners, management, auditors, and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds. Another major reason is that the reporting and transaction processing systems do not have adequate controls to either prevent and/or detect these schemes. This course will provide descriptions of how these major frauds are perpetrated (including real-world examples) and the types of cost-effective controls that can be implemented by both small and large businesses and nonprofit entities to identify and prevent these deceptive acts.


• Identify the risk factors and red flags for each of the top ten fraudschemes.

• Be able to design controls into systems to mitigate these fraud risks.• Understand the methodology of how these frauds are committed.• Educate others within his/her organization about common fraud

techniques and how to recognize them.

Topics Discussed • Major financial statement frauds including, among others, corruption

conspiracies regarding sales and other types of revenue, estimates,journal entries, and other accounts

• Major misappropriation of asset frauds including, among others,skimming, larceny, and embezzlement involving inventory, payables,and other accounts

• Ponzi and asset flip schemes• Control implementation ideas• Risk factors in accordance with the revised authoritative guidance on

fraud

83


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Advanced Topics in a Single Audit .............................................................................................. 85Audits of State and Local Governments: What You Need to Know ............................................ 86Fundamentals for Performing a Single Audit Under the Uniform Guidance for Federal Awards ........................................................................................................................................ 87Not-for-Profit Accounting and Auditing:Practical Cases for CPAs ............................................... 88Yellow Book Financial Audits....................................................................................................... 89Frequent Frauds Found in Governments .................................................................................... 90Frequent Frauds Found in Not-for-Profits ................................................................................... 91Not-for-Profit Organizations: Key Accounting and Reporting Considerations............................. 92GASB Statement No. 68 Audit and Accounting Workshop ......................................................... 93Annual Update for Governments and Not-for-Profits .................................................................. 94Not-for-Profit Accounting and Auditing Update .......................................................................... 95Case Studies in Not-for-Profit Accounting and Auditing ..............................................................96Advanced Auditing of HUD-Assisted Projects ............................................................................ 97Analytical Procedures for Not-for-Profit Organizations .............................................................. 98Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations .................... 99Yellow Book: Government Auditing Standards ......................................................................... 100Frequent Frauds Found in Governments and Not-for-Profits ................................................... 101Fundamentals of Governmental Accountingand Reporting ...................................................... 102Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations ............................................................................................................................ 103Accounting and Reporting for Not-for-Profit Organizations ...................................................... 104Governmental Accounting and Reporting ..................................................................................105Governmental Accounting and Auditing Update ........................................................................106Governmental and Not-for-Profit Annual Update .......................................................................107Audits of HUD-Assisted Projects ................................................................................................108Applying the Uniform Guidance For Federal Awards in Your Single Audit.................................109Not-for-Profit Accounting & Reporting: From Start to Finish ......................................................110Studies on Single Audit and Yellow Book Deficiencies ..............................................................111AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs ..............................................................................................112

Table of Contents

Government & Not-For-Profits

84



Advanced Topics in a Single Audit Updated for OMB Uniform Guidance for Federal Awards

Acronym ADUG

Field of Study Auditing (Governmental)

CPE Credit Hours 8


Intended Audience Auditors responsible for planning, directing, and reporting on single audits

Prerequisite Experience in single audits




Be prepared for difficult single audit areas before they happen rather than reviewing them after the fact. Learn how to carry the weighty responsibilities of planning, directing, and reporting on a single audit engagement conducted under the Uniform Guidance for Federal Awards, with an emphasis on the advanced topics that require particular attention. This course gives you insights into key issues that are not covered in other courses.


• Understand the relationship of the Single Audit Act and the OMBUniform Guidance for Federal Awards.

• Identify fundamental auditee and auditor responsibilities in acompliance audit of federal awards.

• Obtain a thorough understanding of the Schedule of Expenditures ofFederal Awards (SEFA).

• Gain a working knowledge of how major federal programs aredetermined.

• Be familiar with the requirements for understanding internal controls,assessing the level of control risk, and testing the effectiveness ofinternal controls relative to federal awards.

• Identify the requirements for testing compliance relative to majorfederal programs.

• Be familiar the reporting requirements of a single audit.• Identify the audit requirements for program-specific audits.• Identify the reporting requirements for program-specific audits.

Topics Discussed • Fundamentals of a single audit• Identifying federal assistance and determining major programs• Understanding, assessing and testing internal controls• Testing compliance with laws, regulations and the applicable

compliance requirements• Auditor’s reports• Audit sampling• Program-specific audits• Audit tools and guidance

85



Audits of State and Local Governments: What You Need to Know

Acronym AUSL


CPE Credit Hours 8


Intended Audience Auditors and financial staff of state and local governments

Prerequisite Knowledge of state and local governments




Whether you are a financial statement preparer or auditor, or you practice in state and local government, this course provides you with advice for handling audit and accounting issues common to state and local governments. You’ll get critical “how-to” guidance on planning, performing and reporting on your audit engagements; including financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, and the elements of net position.


• Comprehend the latest principles of Auditing and Accounting for Stateand Local Governments.

• Identify new GASB standards.• Review in detail auditing considerations including Risk Assessment,

Materiality, Group Audits, Concluding the Audit and AuditingReporting with Illustrative Auditor’s Report.

• Re-examine significant accounting transactions including FinancialInstruments; Revenues and Receivables; Capital Assets; Expenses/Expenditures and Liabilities; Net Position and Financial StatementsReconciliations.

• Identify guidance for Special-Purpose Governments like hospitals,school districts, transportation systems, colleges and universities andmore.

• Understand financial statements prepared in accordance with aSpecial Purpose Framework with Illustrative Auditor’s Reports.

• Review latest requirements for Actuarial Valuations, Accounting andFinancial Reporting.

Topics Discussed • Auditing Considerations• Review Significant Accounting Transactions• Actuarial Valuations, Accounting and Reporting• Special-Purpose Governments• Financial statements prepared in accordance with a Special Purpose

Framework including an Illustrative Auditor’s Report• Update of GASB Standards• Update of Government Auditing Standards• Recent Developments

86



Fundamentals for Performing a Single Audit Under the Uniform Guidance for Federal Awards

Acronym BAUG


CPE Credit Hours 8


Intended Audience Audit staff new to the single audit process and those needing a refresher of key elements of a compliance audit of federal awards

Prerequisite None




Are you new to performing single audits? Or perhaps you need a refresher on the key concepts of performing a compliance audit of federal awards? This core training course will elevate your proficiency and efficiency to perform a single audit using the guidance in the OMB Uniform Guidance for Federal Awards. Gain the confidence you need to navigate the difficult requirements of this challenging audit area.


• Explain how the requirements of the Uniform Guidance for FederalAwards relate to GAAS and the Yellow Book.

• Define and explain the importance of a pass-through entity, recipient,subrecipient, and contractor.

• Explain the concept of subrecipient monitoring and discuss relatedaudit considerations.

• Understand the major program determination process.• Determine how the compliance supplement relates to the single audit.• Examine the auditor’s responsibility for testing compliance.• Explain the key reporting requirements.

Topics Discussed • An overview of the Uniform Guidance for Federal Awards• Schedule of Expenditures of Federal awards• Pass-through awards and subrecipients• Major program determination• Using the compliance supplement• Compliance requirements• Testing both compliance and internal control over compliance• Reporting requirements

87



Not-for-Profit Accounting and Auditing: Practical Cases for CPAs

Acronym CL4CNFP

Field of Study Auditing (Governmental) (2) Accounting (Governmental) (2)

CPE Credit Hours 4


Intended Audience Not-for-profit professionals responsible for accounting and reporting and auditors of not-for-profits

Prerequisite Experience in the not-for-profit environment




Gain hands-on experience with case studies designed to simulate real-world scenarios and common problems in today’s not-for-profit environment. This course goes beyond the theory and will show you how to navigate the key issues that arise in not-for-profit accounting and auditing.


• Recognize financial statement presentation deficiencies.• Properly apply the three net asset classifications.• Understand key considerations in the auditor’s identification of fraud

risk factors.• Identify the accounting differences between contribution and

exchange transaction revenues.• Discuss key issues relating to the recording and valuation of

contributed services.• Properly apply concepts related to contributed services.

Topics Discussed • Financial statement requirements• Net asset classifications• Consideration of fraud• Promises to give• Distinguishing contributions from exchange transactions• Auditing contributions• Contributed services

88



Yellow Book Financial Audits

Acronym CL4EOYB


CPE Credit Hours 4


Intended Audience Government auditors and public accountants planning orconducting audits in accordancewith Generally Accepted Government AuditingStandards (“Yellow Book”)

Prerequisite None




Do you perform engagements in accordance with the Yellow Book? This course provides an excellent baseline of information to accountants in understanding governmental auditing. It is essential that all auditors planning and conducting audits in accordance with Generally Accepted Government Auditing Standards (GAGAS, GAS, or simply the “Yellow Book”) understand and be able to discern key concepts and standards accordingly in executing their responsibilities.


• Readily understand the key changes contained in the most recentYellow Book revision related to financial audits.

• Apply Yellow Book requirements related to CPE, independence, andpeer review.

• Comply with general, field work, and reporting requirements related toYellow Book financial audits.

Topics Discussed • Foundation and ethical principles of government auditing• Standards for use and application of Generally Accepted Government

Auditing Standards (GAGAS) (“Yellow Book”)• Financial audits, performance audits, attestation engagements and

nonaudit services provided by audit organizations• General standards• Standards for financial audits• Standards for attestation engagements• Latest developments

89



Frequent Frauds Found in Governments

Acronym CL4FGOV


CPE Credit Hours 4


Intended Audience Auditors and financial staff of governmental organizations

Prerequisite Knowledge of governmental accounting and reporting




What are some of the common frauds that occur in governmental organizations and how could they have been avoided? Through an informative case study approach, this course illustrates common frauds that make headlines and damage the reputations of governments. Rather than speaking generically about fraud, this course analyzes several common frauds that can be unique to and occur in the governmental sector. Recognizing fraudulent or deceptive practices is not always easy, but this course will sharpen your forensic skills with techniques to help you to uncover fraudulent activities in the governmental environment.


• Examine how interim fraudulent reporting may impact plannedreliance on internal controls and any related audit procedures.

• Examine how personnel policies and procedures can becircumvented and lead to possible fraud or abuse.

• Consider potential ways to follow up on noted indications of fraud,abuse, and weaknesses in internal control.

• Explain how management override of internal controls can lead topossible fraud.

Topics Discussed • Interim financial reporting• Personnel fraud• Management override• Bribes and kickbacks• Misappropriation of assets• Procurement cards• Personal use of public assets

90



Frequent Frauds Found in Not-for-Profits

Acronym CL4FNFP


CPE Credit Hours 4


Intended Audience Auditors and accounting and financial professionals of not-for-profit organizations

Prerequisite Knowledge of not-for-profit organizations




What are some of the common frauds that occur in not-for-profit organizations and how could they have been avoided? Through an informative case study approach, this course illustrates common frauds that make headlines and damage the reputations of not-for-profit organizations. Rather than speaking generically about fraud, this course analyzes several common frauds that occur in the not-for-profit sector. Recognizing fraudulent or deceptive practices is not always easy, but this course will sharpen your forensic skills with techniques to help you to uncover fraudulent activities in the not-for-profit environment.


• Examine how procurement and expense allocation policies can becircumvented and lead to possible fraud.

• Understand how various board incentives and mandates may bepossible indicators of fraud.

• Identify how audit procedures may or may not detect fraudulentpersonnel activity.

• Identify how donated assets and capital assets, in general, may bemisappropriated.

Topics Discussed • Misappropriation of assets• Grant expense allocations• Pledges and contributions• Fictitious employees• Donated assets• Payroll-related fraudulent activity

91



Not-for-Profit Organizations: Key Accounting and Reporting Considerations

Acronym CL4FSNPO

Field of Study Accounting (Governmental)

CPE Credit Hours 4


Intended Audience Auditors, practitioners and accounting and finance professionals of not-for-profit organizations





This course provides you with the tools necessary to enhance your not-for-profit accounting skills and create value-added services to clients. We take you beyond the theory through a case-study-intense, highly interactive, classroom environment where you will examine, evaluate, and perform case studies enhancing your working knowledge of fundamental not-for-profit accounting and reporting.


• Identify major components of accounting and reporting in not-for-profitorganizations.

• Recognize appropriate accounting for recording and recognizingcontributions.

• Identify concepts related to valuation of contributed services andpromises received near year-end.

• Discern the appropriate accounting for membership dues undervarious scenarios.

Topics Discussed • Contributed services• Membership fees• Common financial statement mistakes• Grant contributions and exchange transactions

92



GASB Statement No. 68 Audit and Accounting Workshop

Acronym CL4GA68

Field of Study Governmental Auditing (2)Governmental Accounting (2)

CPE Credit Hours 4


Intended Audience Auditors and financing managers responsible for the accounting and reporting of state and local governments, agencies, divisions and teams

Prerequisite Prior experience with governmental accounting and reporting




GASB Statement No. 68 changes the playing field for government organizations. Learn about the landmark pension accounting changes and how they change the accounting and financial reporting of pension benefits. Practical examples illustrate the new accounting requirements and more extensive note disclosures along with required supplementary information. You’ll enhance your understanding of these significant changes by working through case studies which address best practice solutions when auditing state and local governments with agent and cost-sharing plans.


• Describe new accounting requirements for single employer, agentmultiple-employer, and cost-sharing multiple-employer plans.

• Understand the substantial changes to methods and assumptionsused to determine actuarial information.

• Explain how net pension liability (asset), pension expense, anddeferred outflows of resources and deferred inflows of resources related to pensions are calculated and derived.

• Understand the role of management specialists, auditor specialists,and service organizations, and the related audit implications.

• Distinguish the responsibilities of plan management, the plan’sauditor, employer management, and the employer’s auditor in the context of audits of government employers.

• Apply best practice solutions in single employer, agent multiple-employer, and cost-sharing multiple-employer plan audit engagements.

• Audit pension plan disclosures.

Topics Discussed • GASB Statement No. 68 accounting by governmental employers• Best practice solutions for auditing single and multiple-employer

plans• Pension plan disclosures

93



Annual Update for Governments and Not-for-Profits

Acronym CL4GNAU

Field of Study Auditing (Governmental) (2)Accounting (Governmental) (2)

CPE Credit Hours 4


Intended Audience Accounting and finance personnel responsible for accounting and financial reporting for governments and not-for-profits, auditors for these entities

Prerequisite Basic knowledge and experience in governmental and not-for-profit accounting and auditing




Catch up on the latest developments in accounting and auditing for state and local governments and not-for-profits in a power-packed four-hour session. You will review recent activities of the OMB, GAO, AICPA, GASB, and FASB, and also get a feel for significant projects that these organizations are working on for the future.


• Understand new pronouncements recently issued by the OMB, GAO,AICPA, GASB, and FASB.

• Apply new requirements efficiently and effectively.

Topics Discussed • Federal government activities• Accounting standards updates• ASB Clarity Project• AICPA activities and emerging issues related to not-for-profit entities• GASB activities

94



Not-for-Profit Accounting and Auditing Update

Acronym CL4NAU


CPE Credit Hours 4


Intended Audience Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors

Prerequisite Knowledge of not-for-profit accounting and auditing




The best avenue to success is to be indispensable to your clients. The best way to becoming indispensible is having a solid understanding of your client’s business. This course details the latest developments affecting not-for-profits such as requirements of FASB directed toward the organizations and information on the latest OMB and Yellow Book developments.


• Apply the most recent requirements of the FASB directed toward not-for-profits.

• Utilize a solid understanding of the latest developments in OMB andYellow Book requirements.

• Identify recent activities of the AICPA.

Topics Discussed • Federal government activities• Accounting standards updates• ASB Clarity Project• AICPA activities and emerging issues related to not-for-profit entities• Private company financial reporting

95



Case Studies in Not-for-Profit Accounting and Auditing

Acronym CNFP

Field of Study Auditing (Governmental) (4)Accounting (Governmental) (4)

CPE Credit Hours 8


Intended Audience Not-for-profit professionals responsible for accounting and reporting and auditors of not-for-profits





Gain hands-on experience with case studies designed to simulate real-world scenarios and common problems in today’s not-for-profit environment. This course goes beyond the theory and will show you how to navigate the key issues that arise in not-for-profit accounting and auditing.


• Identify the accounting differences between contribution andexchange transaction revenues.

• State key issues relating to the recording and valuation of contributedservices.

• Identify key accounting issues related to pledges and special eventcosts associated with a capital campaign.

• Recognize financial statement presentation deficiencies by reviewingan incorrectly prepared statement.

• Employ important auditing concepts to a statement of functionalexpenses.

• Discern effective audit procedures to employ in response to identifiedfraud risk factors.

• Analyze critical concepts involved in auditing contributions.

Topics Discussed • Net asset classifications: unrestricted, temporarily restricted, and

permanently restricted net assets• Promises to give• Contributed services• Distinguishing contributions from exchange transactions• Capital campaigns and special events• Allocation of costs relating to fundraising• Financial statement requirements• Fundraising events• Split-interest agreements• Consideration of fraud• Naming rights• Auditing contributions• Assessing internal control deficiencies• Audit issues related to the statement of functional expenses

96



Advanced Auditing of HUD-Assisted Projects

Acronym EO-AHUD


CPE Credit Hours 8


Intended Audience CPA firm audit managers (and above) involved with the performance of audits of HUD-assisted projects

Government auditors and HUD-assistance grantees

Prerequisite Experience in conducting and/or planning HUD audits




Gain important insights into compliance pitfalls for HUD-assisted housing owners and managers. Learn to recognize and apply the latest changes in the federally-assisted housing industry and efficiently plan, perform, and report a HUD-assisted engagement. Uncover the effects of OMB on HUD-assisted not-for-profit entities.


• Identify issues unique to the HUD-assisted project environment.• Apply components of due professional care to the HUD-assisted

project environment.• Identify the required disclosures for HUD audits.• Describe the HUD’s policy on submission, review, and reporting

requirements.• Identify the requirements for the separate agreed-upon procedures

engagement prior to submission of the financial data templates toREAC.

• Understand the compliance requirements for both Title I and Title IIapproved lenders.

Topics Discussed• HUD audit environment• Audit standards for audits of HUD-assisted projects• Fieldwork standards for audits of the HUD-assisted projects• Audits of HUD-regulated lenders• Reporting standards for audits of HUD-assisted projects• Annual financial statement requirements• Mortgagees

97



Analytical Procedures for Not-for-Profit Organizations

Acronym EO-APF


CPE Credit Hours 8


Intended Audience CPA firm audit seniors and above, not-for-profit organization managers, and controllers responsible for financial operations and consultants to nonprofit organizations

Prerequisite Experience in management of, or accounting and reporting for, exempt organizations




Develop the particular skills it takes to audit not-for-profits. Learn how to apply analytical procedures to measure the strength and efficiency of a not-for-profit entity and determine whether the organization has accomplished its mission or fallen short. You will learn the nature, timing, and extent of auditing procedures, and how to use the results to design value-added services. This course also provides you with the knowledge to measure the success of a not-for-profit and assist you in reporting the accomplishments to the board, donors, public, and other funding sources.


• Recognize the various generic types of analytical procedures.• Recognize the difference between quantitative and qualitative

analysis.• Understand what is meant by performance measurement.• Identify a variety of ratios designed specifically for the not-for-profit

organization.• Identify ratios relevant to the cash flow statement.• Understand the use of common-size financial statements.• Recognize inter-statement and intra-statement relationships.• Apply reasonableness testing.

Topics Discussed • Concept of analytical procedures• Process of analytics development• Users and uses of analytical procedures• Performance measurement• Ratio analysis• Efficiency and enterprise ratios• Auditing with analytical procedures

98



Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations

Acronym EO-OMB


CPE Credit Hours 8


Intended Audience Auditors performing OMB Circular A-133 engagements, internal financial staff of governments, and not-for-profit entities interacting with auditors

Prerequisite Background of not-for-profit or governmental accounting and auditing




Does OMB Circular A-133 have you running in circles? This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of OMB Circular A-133 and the Single Audit Act Amendments. Make sure your skills are up-to-date with the latest information and find out what changes are coming in this challenging audit area.


• Understand the relationship of the Single Audit Act Amendments andOMB Circular A-133.

• Identify fundamental auditee and auditor responsibilities related toOMB Circular A-133 audits.



• Be familiar with the requirements of the single audit for understandinginternal controls, assessing the levels of control risk, and testing theeffectiveness of the internal controls relative to federal awards.

• Identify the single audit requirements for testing compliance with lawsand regulations relative to major federal programs.

• Be familiar with the OMB Circular A-133 reporting requirements.• Identify the audit requirements for program-specific audits.• Identify the reporting requirements for program-specific audits.

Topics Discussed • Fundamentals of a single audit• Identifying federal assistance and determining major programs• Understanding, assessing and testing internal controls• Testing compliance with laws and regulations• Audit reports• Program-specific audits• Audit tools and guidance• Latest developments

99



Yellow Book: Government Auditing Standards

Acronym EO-YB


CPE Credit Hours 8


Intended Audience Government auditors and public accountants planning orconducting audits in accordancewith Generally Accepted Government AuditingStandards (GAGAS) (“Yellow Book”)

Prerequisite None




Do you perform engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS or GAS or the “Yellow Book”)? This course provides an excellent baseline of information to accountants in understanding governmental auditing foundations, ethics, general audit standards, financial audit standards, attestation engagement standards, field work standards, and reporting standards for performance audits. It is essential that all auditors planning and conducting audits in accordance with Government Auditing Standards understand and be able to discern these concepts and standards in executing their responsibilities.


• Readily understand the key changes contained in the most recentYellow Book revision.

• Perform effective and efficient Yellow Book engagements with athorough understanding of the requirements.

• Adhere to the Yellow Book requirements for financial statementaudits, attestation engagements, and performance audits.

Topics Discussed • Foundation and ethical principles of government auditing• Standards for use and application of Generally Accepted Government

Auditing Standards (Yellow Book)• Financial audits, performance audits, attestation engagements, and

nonaudit services provided by audit organizations• General standards• Standards for financial audits• Standards for attestation engagements• Fieldwork standards for performance audits• Reporting standards for performance audits• Latest developments

100



Frequent Frauds Found in Governments and Not-for-Profits

Acronym FFGN


CPE Credit Hours 8


Intended Audience Auditors and accounting and financial professionals of governmental and not-for-profit organizations

Prerequisite Knowledge of government and not-for-profit sectors




What common frauds occur in governments and not-for-profits and how could they have been avoided? Through an informative case study approach, this course illustrates common frauds that make headlines and damage the reputations of government and not-for-profit organizations. Recognizing fraudulent or deceptive practices is not always easy, but this course will sharpen your forensic skills with techniques to help you to uncover fraudulent activities in the governmental and not-for-profit environments.


• Examine how interim fraudulent reporting may impact plannedreliance on internal controls and any related audit procedures.

• Examine how personnel policies and procedures can becircumvented and lead to possible fraud or abuse.

• Consider potential ways to follow up on noted indications of fraud,abuse, and weaknesses in internal control.

• Explain how management override of internal controls can lead topossible fraud.

• Describe how bribes and kickbacks may occur.• State how donated assets and capital assets in general might be

misappropriated.

Topics Discussed • Interim financial reporting• Misappropriation of benefits• Personnel fraud• Grant expense allocations• Misappropriation of assets• Management override• Bribes and kickbacks• Fictitious employees• Pledges and contributions• Donated assets

101



Fundamentals of Governmental Accounting and Reporting

Acronym FGAC


CPE Credit Hours 8


Intended Audience Accounting and finance professionals working in the state and local governmental environment and auditors with state and local government clients who seek a refresher in fundamental government accounting and reporting concepts

Prerequisite None




Are you just starting to work in the governmental arena? Have you worked in this area for years but need a refresher to keep up with changes? If so, this is the course for you. This course features the foundational tenets of governmental accounting and reporting in today’s environment. Learn more than the buzzwords – learn the underlying concepts and how they are applied.


• Define unique aspects of the governmental environment.• Define the 11 fund types and 3 fund categories (governmental funds,

proprietary funds, and fiduciary funds).• Apply the appropriate MFBA (Measurement Focus Basis of

Accounting) to fund accounting and reporting.• Classify, measure, and report governmental revenues and

expenditures.• Understand the financial reporting structure used by governments.• Define the format and requirements of the government-wide financial

statements.• Identify the impact of capital assets and long-term liabilities at

the fund reporting level as well as the government-wide financialstatements.

• Distinguish special purpose governments.

Topics Discussed • The governmental environment and GAAP• Fund accounting and the financial reporting model• Budgeting• MFBA• Revenues and expenditures• Governmental, proprietary, and fiduciary funds• Government-wide financial statements• CAFR• Special-purpose governments• Deferred outflows of resources and deferred inflows of resources

102



Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations

Acronym FRGNP


CPE Credit Hours 8


Intended Audience Auditors and financial staff of governmental and not-for-profit organizations

Prerequisite Knowledge of government and not-for-profit sectors




Recognizing fraud risks in governmental and not-for-profit organizations is often challenging due to the inherent nature of these organizations. In addition to their public nature, these organizations may have limited support staff or staff with limited accounting expertise which can result in less than effective fraud prevention and detection programs and/or increased opportunities for fraud. Using a combination of examples, explanations of audit standards, and case studies, obtain an understanding of the frauds most commonly perpetrated in government and not-for-profit organizations and what prevention and detection procedures are effective in responding to these fraud risks. This course also discusses how auditors might address their responsibilities with respect to fraud in a financial statement audit of governmental and not-for-profit organizations.


• Recognize common fraud schemes often perpetrated ingovernmental and not-for-profit organizations.

• Understand the auditor’s responsibility with respect to fraud in afinancial statement audit.

• Develop strategies to prevent, deter, and/or detect fraud ingovernmental or not-for-profit organizations.

• Determine audit procedures effective in addressing the risk ofmaterial misstatement due to fraud in the financial statements ofgovernmental and not-for-profit organizations.

Topics Discussed • GAAS and GAGAS standards related to the auditor’s responsibility

with respect to fraud in a financial audit• Recognize areas where fraud most likely occurs in governmental and

not-for-profit organizations• Fraud programs and controls that may be effective in addressing

fraud risks in governmental and not-for-profit organizations

103



Accounting and Reporting for Not-for-Profit Organizations

Acronym FSNPO


CPE Credit Hours 8


Intended Audience Auditors, practitioners and accounting and finance professionals of not-for-profit organizations





This course provides you with the tools necessary to enhance your not-for-profit accounting skills and create value-added services to clients. We take you beyond the theory through a case-study-intense, highly interactive, classroom environment where you will examine, evaluate, and perform case studies enhancing your working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits, and options allowed under GAAP.


• Identify major components of accounting and reporting in not-for-profitorganizations.

• Recognize appropriate accounting for recording and recognizingcontributions.

• Identify concepts related to valuation of contributed services andpromises received near year-end.

• Comprehend fund accounting and the reclassification of fundbalances into net asset classes.

• Describe the effects of split-interest agreements on not-for-profitentities.

• Discern the appropriate accounting for membership dues undervarious scenarios.

Topics Discussed • Financial statement presentation• Note disclosures• Operating and nonoperating costs• Allocation of fundraising costs• Contributed services• Membership fees• Split-interest agreements• Common financial statement mistakes• Grant contributions and exchange transactions• Statement of activities• Programmatic Investments

104



Governmental Accounting and Reporting

Acronym GAR


CPE Credit Hours 8


Intended Audience Auditors and financial managers responsible for the accounting and reporting of state and local governments, agencies, divisions, and teams

Prerequisite Prior experience with governmental accounting and reporting




Governmental accounting and reporting is complex. Unravel the complexity with this course that explores case studies, real-world examples, and hands-on practice scenarios which offer a uniquely comprehensive blend of today’s significant updates, historical perspectives, and fundamental state and local government accounting and reporting requirements.

This course is excellent for participants familiar with fundamental state and local governmental accounting concepts, who are looking to perform a deep examination of fundamentals, such as how to prepare Agency Fund, Internal Service Fund, Investment Trust Fund, and Special Revenue Fund financial statements.


• Describe the fund structure used by state and local governments.• Differentiate between the different Measurement Focuses and Bases

of Accounting (MFBA) used in governmental financial statements.• Describe key fund accounting transactions and events.• Identify the components of the capital assets and long-term liabilities

note disclosures.• Perform the process of converting the governmental fund financial

statements, together with the capital assets and long-term liabilitiesnote disclosures, to the governmental activities columns on thegovernment-wide financial statements.

• Explain the complexities of eliminating the Internal Service Fundsbefore preparing the government-wide financial statements.

• Prepare the government-wide financial statements and requiredreconciliations using the conversion worksheets and Enterprise Fundfinancial statements.

Topics Discussed • Foundations of government accounting• Fund accounting• Preparing the government-wide financial statements• Note disclosures• Deferred outflows of resources and deferred inflows of resources

105



Governmental Accounting and Auditing Update

Acronym GAU


CPE Credit Hours 8


Intended Audience Accounting and finance personnel responsible for accounting and financial reporting for governments and auditors of governments

Prerequisite Knowledge of governmentaccounting and auditing




Don’t let recent developments slip by you. Understand the latest on governmental accounting and auditing with this fast-paced interactive course that analyzes the recent GASB requirements toward governments and provides an understanding of OMB and Yellow Book requirements.


• Apply the most recent requirements of the GASB directed towardgovernments.



Topics Discussed • Federal government activities• Accounting standards updates• ASB Clarity Project• Key changes in audit requirements resulting from the

ASB Clarity Project• GASB activities

106



Governmental and Not-for-Profit Annual Update

Acronym GNAU


CPE Credit Hours 8


Intended Audience Accounting and finance personnel responsible for accounting and financial reporting for governments and not-for-profit entities and auditors for these entities

Prerequisite Basic knowledge and experience in governmental and not-for-profit accounting and auditing




Change is inevitable and at times overwhelming if you are unprepared. Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits.


• Apply the most recent requirements of the GASB and FASB directedtoward governments and not-for-profits.



Topics Discussed • Federal government activities• Accounting standards updates• ASB Clarity Project• AICPA activities and emerging issues related to not-for-profit entities• GASB activities

107



Audits of HUD-Assisted Projects

Acronym HUD


CPE Credit Hours 8


Intended Audience Practitioners involved with or considering the performance of audits of HUD-assisted projects

Prerequisite None




Do your audits of HUD-assisted projects make the grade? Receive high marks when you are well-versed on HUD organizations, programs, policies, and procedures. Learn how to discern the various audit requirements for HUD programs and how to comply with specific HUD regulations, contracts, and procedures. Plus, review the latest developments on professional standards affecting particular federal programs and how they impact your audits.


• Understand HUD’s organization, programs, and policies.• Identify key concepts of the operating environment for property

owners and projects with HUD-insured mortgages, direct loans, orcapital grants.

• Gain insight into reasons a developer would choose to developproperty with government assistance and, therefore, governmentoversight and regulation, when conventional financing is available

• Identify the specific requirements of OMB, Audits of States, LocalGovernments and Not-for-Profit Organizations that differ from theHUD Consolidated Audit Guide.

• Identify the annual financial statement reporting requirements toHUD.

• Identify requirements for the separate agreed-upon proceduresengagement prior to submission of the financial data templates toREAC and with HUD’s policy on submission, review, and reportingrequirements.

Topics Discussed • HUD programs• Coverage of the consolidated HUD audit guide• HUD’s organization, programs, and policies• Key regulatory and contract provisions• Annual financial statement requirements• Current developments in HUD housing programs• Section 8 programs• Auditing key regulatory and contract provisions• Applying the Consolidated Audit Guide to HUD-regulated mortgagees

108



Applying the Uniform Guidance for Federal Awards in Your Single Audits

Acronym INUG


CPE Credit Hours 8


Intended Audience Auditors performing single audit engagements, internal financial staff of governments, and not-for-profit entities interacting with auditors

Prerequisite Background of not-for-profit or governmental accounting and auditing




Does a single audit have you running in circles? This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance for Federal Awards and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.


• Understand the relationship of the Single Audit Act and the OMBUniform Guidance for Federal Awards.

• Identify fundamental auditee and auditor responsibilities related to acompliance audit of federal awards.



• Be familiar with the requirements of the single audit as it relates tounderstanding internal controls, assessing the level of control risk, and testing the effectiveness of internal controls relative to federal awards.

• Identify the single audit requirements for testing compliance with lawsand regulations and the applicable compliance requirements relative to major federal programs.

• Be familiar with the reporting requirements.• Identify the audit requirements for program-specific audits.• Identify the reporting requirements for program-specific audits.

Topics Discussed • Fundamentals of a single audit• Identifying federal assistance and determining major programs• Understanding, assessing and testing internal controls• Testing compliance with laws and regulations and applicable

compliance requirements• Auditor’s reports• Program-specific audits• Audit tools and guidance

109



Not-for-Profit Accounting & Reporting: From Start to Finish

Acronym NPAR


CPE Credit Hours 8


Intended Audience Professionals working with or in the not-for-profit environment





Rather than training to run part of the race, train to run the entire race from start to finish. This course trains you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Avoid the potholes of confusion and finish first by providing a financial picture that end users can truly understand.


• Identify the unique aspects of the not-for-profit environment.• Apply the unique not-for-profit accounting and reporting requirements.• Perform more effective audits of not-for-profit organizations

with better knowledge of not-for-profit accounting and reportingrequirements.

Topics Discussed • The not-for-profit government and GAAP• Core elements of financial reporting• Exchange transactions and contributions• Gains and losses, expenses and reclassifications• Investments and split interest transactions• Reporting and measuring results

110



Studies on Single Audit and Yellow Book Deficiencies

Acronym SAYB


CPE Credit Hours 8


Intended Audience Auditors performing single audits and internal financial staff of governmental and not-for-profit entities

Prerequisite Experience in Yellow Book and OMB environment




The AICPA Professional Ethics Division, Most Frequent Violations of Professional Standards Government and Not-for-Profit Investigation, reveals significant issues in single audits and Yellow Book engagements, including deficiencies in audit procedures performed, auditor’s reporting, and financial statement deficiencies.

In this course, learn how to avoid common deficiencies found in single audits and Yellow Book engagements using simulated case studies and practice exercises with lessons for today’s issues. These case studies and practice exercises are based on the Yellow Book and the Uniform Guidance for Federal Awards. They will assist you in avoiding common mistakes and recognizing deficiencies before it’s too late.


• Identify common deficiencies in the use of engagement letters.• Describe the requirements of continuing professional education under

the Yellow Book CPE rules and GAO guidance.• Discern the GAGAS Independence Framework and issues.• Enhance understanding of major program determination.• Simulate the process of drafting an audit finding.• Recognize auditee and auditor responsibilities related to the

Schedule of Federal Expenditures (SEFA) and potential problemareas in SEFA presentation.

• Describe the reporting requirements of a single audit.

Topics Discussed • Engagement letters• Management representation letters• Yellow Book continuing professional education• The GAO and Independence• Major program determination• Abuse• Fraud risk factors• Audit sampling• Documentation• Drafting findings• Schedule of Federal Expenditures (SEFA)• Reporting requirements

111



AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs

Acronym TGNP


CPE Credit Hours 8


Intended Audience External and internal auditors of governmental organizations and governmental accounting professionals

Prerequisite Experience in governmental accounting and auditing




Preparers of governmental and nonprofit financial statements and their auditors often seek advice from the AICPA’s Technical Hotline as well as from the GASB Technical Inquiry System. The advice they receive from these sources is high-quality and non-authoritative, but offers viable solutions or reasonable alternatives for accounting and auditing issues related to governmental and nonprofit organizations. The objective of this course is to enhance participants’ knowledge and application of professional judgment by providing a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.


• Understand current accounting issues facing governmental and not-for-profit organizations.

• Recognize audit challenges related to newly effective GASBstandards.

• Properly reflect accounting transactions resulting from recent GASBpronouncements.

• Focus on the audit issues related to new and existing GASBstandards.

Topics Discussed • Current GASB developments• Audit issues related to GASB developments• Recent GASB pronouncements and their impact on accounting and

reporting• Top advice from the AICPA’s Technical Hotline and the GASB

Technical Inquiry System

112


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Advanced Business Law for CPAs .............................................................................................114Advanced Controller and CFO Skills ........................................................................................ 115The New Controllership: Keys to Boosting Corporate Performance......................................... 116Real World Business Ethics for CPAs in Business and Industry .............................................. 117Critical Skills for Budgeting Success ......................................................................................... 118Financial Forecasting: Planning for Success ............................................................................ 119Analyzing a Company’s Financial Statement ............................................................................ 120Position Your Organization for Success: Strategies for Today’s Competitive Environment ...... 121Analyzing Costs, Productivity, and Efficiency: Three Ways to Boost Your Bottom Line ........... 122Controller’s Update: Today’s Latest Trends .............................................................................. 123Risk, Cost, and Cash Management for Controllers and Financial Managers ........................... 124Transforming Your Role as Controller to Business Partner ...................................................... 125Creating Great Budgets: Maximizing Profits, People, and Power ............................................ 126Analytics and Big Data for Accountants .................................................................................... 127Excel for Accounting and Finance Professionals: Level 1 ........................................................ 128Excel for Accounting and Finance Professionals: Level 2 ........................................................ 129Advanced Excel: Practical Applications for Accounting Professionals ...................................... 130Financial Forecasting and Decision Making ............................................................................. 131Financial Manager Skills for the 21st Century ............................................................................ 132Financial Statement Analysis: Basis for Management Advice .................................................. 133Gaining and Sustaining a Competitive Advantage: Keys to Boost the Bottom Line ................. 134Introduction to Business Valuation ............................................................................................ 135Lean Accounting: Higher Profits by Streamlining Operations ................................................... 136Plug Your Profit Leaks: Exploring Ideas to Significantly Save Time and Money ...................... 137Annual Update for Controllers ................................................................................................... 138Trusted Business Adviser SM Workshop II .................................................................................. 139Toolkit of Best Practices for Today’s Controller and Financial Manager ................................... 140

Table of Contents

Management and Consulting Services

113


AcronymABLT

Field of StudyBusiness Law

CPE Credit Hours8

Knowledge LevelAdvanced

Intended AudienceCPAs in business and industry, and CPAs in public practice who want to increase their knowledge of legal issues encountered by businesses

PrerequisiteExperience in, and knowledge of, legal issues encountered by businesses




Advanced Business Law for CPAs

Get a solid understanding of complex legal issues that come up every day and learn how to respond to them. Issue identification is often what separates top financial officers and managers from others. This course covers legal issues in employment, social media/privacy, e-business, intellectual property, corporate law, securities, business taxes, environmental regulation, and public company matters. Limit your clients’ individual liability and insurance, head off tax issues, and take advantage of alternate forms of dispute resolution.


• Identify complex legal issues typically encountered by businesses.• Understand measures that businesses can implement to reduce legal

exposures for entities, officers, and directors.• Skillfully navigate business disputes and potential resolutions. Trends

in business law among topics including employment, tax, liability,intellectual property, and many more.

• Explore trends in business.

Topics Discussed• Employment cases covering topics such as at-will employment,

constructive discharge, retaliation, discrimination, harassment,whistleblower rights, and more

• Protecting intellectual property of the business, including how toprevent migration of the business’s trade secrets

• Social media privacy and e-business legal issues• Significant cases filed against business, and how these cases might

have been avoided or damages mitigated• Securities regulation and business insurance• Key cases and legislative developments in business tax,

environmental, and corporate law• Alternate forms of dispute resolution, including pros and cons of

arbitration and mediation


114



Advanced Controller and CFO Skills

Acronym ACCS

Field of Study Finance

CPE Credit Hours 8


Intended Audience Controllers and CFOs with at least four years of leadership experience and the desire to expand in their role

Prerequisite Previous financial management experience




This course examines best practices of leading-edge controllers andCFOs. Demonstrate your advanced skills that add value and contribute to the success of the organization. You will learn 10 specific skills every CFO or controller needs to be successful, and you will find that you suddenly have more power and influence than you ever thought possible. Show the company’s leadership how vital you are to their profitability!

Learning ObjectivesWhen you complete this course you will be able to

• Identify the 10 critical skills that add value to your company and boostyour career.

• Align your personal goals with the organization’s mission and improveyour skills in five key areas needed for success.

• Know how to become a powerful agent for positive change and anadvocate and coach for your team.

• Be the leader that the firm needs you to be.

Topics Discussed • Isolate the critical skills and attitudes to be effective in the future• Become an effective coach• Development of measurable missions and strategies• Aligning a firm’s strategies with its internal reporting system• Selling ideas and generating “buy-In” from others• Recognition of and response to the need for constant change and

adaptation• Developing a tailored action plan suitable to specific needs

115


The New Controllership: Keys to Boosting Corporate Performance

Acronym CCOF

Field of Study Management Advisory Services

CPE Credit Hours 8


Intended Audience CFOs, controllers, and other financial managers

Prerequisite Experience in financial management in a medium or small company




This program recognizes that the controller must have current technical knowledge of financial subjects such as cash and debt management, planning, the latest accounting department efficiency issues, and new oversight and control concepts. However, the controller also must have people management skills to hire the best people for the department, correct and coach in a successful fashion, and lead the department to the point where it is a well-oiled machine. The job of the controller is very challenging, and that is why we explore personal tips on individual efficiency, delegation, and working within the corporate politics of the organization. This course makes a clear and important distinction between the older-style organization similar to GM, and the newer organizations like Google or Apple. As the course moves through the subjects, constant contrast is made between how things are done in the modern versus the older-style organization. Make sure you have all the right tools to thrive in today’s environment and manage a more successful organization!


• Explore how you, as a finance professional, can influence yourorganization’s success and make the most of your company’spotential.

• Apply techniques for managing a more successful organization.• Discover new and more efficient ways to run your department.• Find new ways of achieving greater success as an individual.

Topics Discussed • Changing styles of organizations• Leadership vs. management• Hiring the right people• Personality types• Employee motivation• Planning and budgeting• Risk management• Customer service and efficiency• Cash and debt management• Cloud computing• Negotiation skills• Self-management


116



Real World Business Ethics for CPAs in Business and Industry

Acronym CL4BIRWBE


CPE Credit Hours 4


Intended Audience CPAs in business and industry employed in financial accounting and reporting functions and CPAs who are managers, advisers for businesses

Prerequisite Experience in financial reporting




This course provides case studies drawn from real-life situations involving CPAs in business and industry. Explore ethical issues from the perspectives of CFO, controller, and audit committee chair, in the context of actual regulatory and court proceedings that were resolved both in favor of and against financial managers, officers, and CPAs serving on boards of directors. These real-world cases deal with management integrity, financial reporting and disclosure issues, financial fraud, chain-of-command and communication issues, corporate crises, and professional responsibilities in relation to key industry topics. Gain a renewed sense of appreciation for the pitfalls faced by financial professionals in business and industry and a heightened sensitivity for the types of ethical dilemmas that exist.


• Identify what ethical standards and considerations are critical to CPAsin business and industry.

• Apply ethical standards and considerations to real-life industrysituations.

Topics Discussed • Analysis of ethical requirements most commonly dealt with by CPAs

in business and industry • Fact patterns from actual situations faced by financial officers and

managers in business and industry • Special ethical issues in select areas: revenue recognition, materiality,

related party transactions, financial reporting, and disclosure

117



Critical Skills for Budgeting Success

Acronym CL4CSCB


CPE Credit Hours 4


Intended Audience CFOs, controllers, financial and budget managers, and analysts

Prerequisite At least two years experience preparing budgets, forecasts, and planning




Budgeting is both an art and a science. Learn how to apply leading-edge tools and methods to make your planning process more strategic and your budget process more flexible. Your budget should not lead to “turf wars” over precious and scarce resources. You will experience how to build a set of decision-making processes early on and how to use them to make smart resource allocation choices that benefit your entire organization. You will also explore ways to have your planning and budgeting process work to increase the potential for higher earnings.


• Build a set of decision-making processes early and know how to usethem.

• Make smart allocation choices that benefit the entire organization.• Refine your planning and budget processes to accommodate higher-

earning potential.• Take your budgeting and planning to a higher level and solve many

high-level budget problems.• Create budgeted action plans, cost initiatives, and a process for

calculating the return on investment for expenditures and head countincreases.

Topics Discussed • Ways to measure the impact of a strategy on firm spending• How nonfinancial performance impacts a budget’s success• Visionary and game-free planning and forecasting• Ways to rally and strengthen the overall process• Finding the right balance among people, profits, and controls

118



Financial Forecasting: Planning for Success

Acronym CL4FFMD


CPE Credit Hours 4


Intended Audience Financial professionals responsible for preparing financial forecasts

Prerequisite None




Proper planning is the key to the success of any company. With CPAs constantly being asked to plan a company’s future, forecasting is one area to demonstrate your special value. This course provides the tools necessary to project the balance sheet and statements of income and cash flow. Determine the company’s maximum sustainable growth and predict its external fund requirements.


• Apply the basics of planning and forecasting financial statements.• Utilize a basic forecasting model.• Identify the evidence of growth mismanagement.• Analyze projected or forecasted financial statements.

Topics Discussed • Overview of the forecasting process• The basic forecasting model• Techniques used to forecast sales• A case analysis on working capital planning• Forecasting the company’s capital structure• Projecting the income statement and balance sheet

119


Analyzing a Company’s Financial Statement

Acronym CL4FSABM

Field of Study Accounting (1), Auditing (1), & Finance (2)

CPE Credit Hours 4


Intended Audience Accounting professionals responsible for financial statement analysis

Prerequisite None




More and more, clients are turning to you for advice on financial performance. Are you ready? This course presents the financial statements as a set of dynamic instruments that can be used for accurate, relevant, and timely financial decisions. Focus on the economic and financial conditions that caused the statements to change and discover how businesses can manage liquidity, debt, and profitability. Plus, explore effect ratios, causal ratios, pro forma analysis, sustainable growth, and much more.


• Closely examine the causes of common financial problems anddetermine solutions to common financial problems such as reducedliquidity, increased leverage, and low profitability.

• Understand how analytic tools help management make decisions.• Devise ways to correct liquidity problems.

Topics Discussed • Valuation techniques• Effect ratios• DuPont system for analyzing profitability• Causal analysis• How to conduct a financial statement analysis


120


Position Your Organization for Success: Strategies for Today’s Competitive Environment

Acronym CL4GSCA


CPE Credit Hours 4


Intended Audience Owners, controllers, treasurers, financial officers, and other financial managers in organizations with less than $250 million in sales

Prerequisite Management experience in accounting, finance, or operations




In today’s economic environment financial professionals must play an active role in positioning their organization for success. Think about the following, and other related questions. How did your organization fare during the last recession? Is it prepared for the current and future competitive environment? Does your financial group still perform its tasks as it did several years ago? CPAs must foster innovation within the financial team and throughout their organizations. Gone are the days when financial staffs were viewed solely as being responsible for recording results and issuing reports. The ability to quickly turn data into useful information, accelerate the decision-making process, incorporate efficient safeguards, provide a pipeline of qualified professionals, and maximize financial returns are requirements today. To successfully perform these and a growing list of other responsibilities, financial professionals not only need to be well-grounded in their core technical skills, but also in non-traditional skills. This program provides specific ideas and actions that can improve both today’s activities and future results.


• Organize the finance function to meet current and futureresponsibilities.

• Improve your ability to hire, manage, and retain skilled professionals.• Explore the current economic and competitive environment.• Provide insights into, and potential improvements for, an

organization’s decision-making process.

Topics Discussed • Managing the finance function in a turbulent competitive environment• Incorporating strategic thinking throughout the organization• Accelerating the decision-making process• Providing a pipeline of skilled professionals


121


Analyzing Costs, Productivity, and Efficiency: Three Ways to Boost Your Bottom Line

Acronym CL4PYPL


CPE Credit Hours 4


Intended Audience Any employee who must search for profit leaks or who is involved in improving his or her own work processes

Prerequisite Experience in financial management of a medium or small company




This hands-on workshop gives you specific ways to directly impact your organization’s bottom line. These proven techniques for plugging the most-overlooked profit leaks come from specific strategies for lowering costs, improving productivity, and gaining efficiencies. Explore the different methods in-depth, see how easy they are to implement and what huge impact they can have on the bottom line. Each tool or strategy is one to pass on to clients and co-workers.


• Develop a clear understanding of your organization’s strategy, how itdrives costs, and how to create awareness of the impact of costs.

• Identify and remove costs that do not benefit the customer.• Improve internal processes for maximum effectiveness.

Topics Discussed • How to identify profit leaks• Use of rewards and recognition to save money and increase

productivity• Ways to analyze the bottom-line impact of major decisions• Tools to measure the customer-service impact of cost-cutting

initiatives• Process for collecting ideas that increase profits


122



Controller’s Update: Today’s Latest Trends

Acronym CL4SKSB


CPE Credit Hours 4


Intended Audience CFOs, controllers, and other financial managers





Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. In this course you will discuss leading-edge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.


• Identify current issues that impact the financial stability of yourorganization.

• Deal with major trends in accounting, corporate finance, treasurymanagement, and business systems.

• Utilize new tools for business planning, forecasting, budgeting, andreporting.

Topics Discussed • Leading-edge financial management tools and techniques• New issues in treasury management and controllership• Current trends in information systems and technology• Current trends in leading and developing staff to increase productivity

and profitability

123


Risk, Cost, and Cash Management for Controllers and Financial Managers

Acronym CL4TKBP


CPE Credit Hours 4







When an organization fails, it is usually due to several factors. These often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk, tunnel vision by management, and so on. Often, management will repeat poor practices across the enterprise. For example, do you think a so-called “budgeting crisis” is normally due to the budget, or actually hidden, existing problems that were uncovered due to the budgeting process? This course demonstrates the use of practices and techniques specifically designed to assist CPAs and other financial professionals in adding value to their company through improved decision-making, cost management, understanding business cycles, managing continuous improvements, cash management, and risk management. Examples of actions by both successful and failed organizations are used throughout the session.


• Identify and correct practices that can negatively impact anorganization.

• Isolate and measure cost drivers and trends.• Prepare for and navigate an organization through the business cycle.• Initiate and manage a variety of improvement programs.• Implement cash management systems and consolidate them into an

organization’s plans.• Identify and manage risk throughout the enterprise.

Topics Discussed • Techniques and ideas to establish and maintain an effective

organization• Examples of successful and failed companies as a source of learning• Identification of broad measures that provide insights into the

direction of the economy• Practical ideas to improve forecasting• Framework and methods to uncover and manage risk


124


AcronymCOBP

Field of StudyFinance

CPE Credit Hours8


Intended AudienceCFOs, controllers and management accountants who want to improve the value add and impact of their skill set in order to drive the financial performance of an organization

PrerequisiteExperience in financial management of a medium or small company




Transforming Your Role as Controller to Business Partner

Are you ready to take your role as controller to the next level while adding significant value to the organization? A successful Controller will go beyond financial statements, internal controls and general accounting to create new value for the organization. We’ll explore new additional roles that controllers are now accepting and outline a roadmap you can use to expand your role as a controller from simply internal process/transaction oriented to externally focused understanding of industry and macro trends.


• Differentiate between the value of the traditional controller and thebusiness oriented controller.

• Integrate controllership into the larger financial and organizationleadership function.

• Maximize your role within your organization.• Apply a wide variety of financial and management skills to integrate

the position of controller into the organization’s overall financialprocess.

• Understand how Servant Leadership increases the success of thecontroller.

Topics Discussed• Leadership vs. Management• Business and strategic planning processes• Corporate culture• Lean management techniques and processes• Promoting and maintaining an ethical culture• Recruiting, retaining and developing employees• Project and change management• Communications, listening and presentation skills• Managing “up” and how to master it• Business Strategy and the Controller• The need for increased efficiency and the application of Lean

techniques• Application of best practices in the Accounting Department


125



Creating Great Budgets: Maximizing Profits, People, and Power

Acronym CSCB


CPE Credit Hours 8


Intended Audience CFOs, controllers, financial manager/analysts, and budget managers/analysts

Prerequisite At least two years of experience preparing budgets and conducting planning




Budgeting is both an art and a science. This workshop covers both sides of budgeting. Learn how to apply leading-edge tools and methods to make your planning process more strategic and your budget process more flexible. Your budget should not lead to “turf wars” over coveted resources. You will experience how to build a set of decision-making processes early on and how to use them to make smart resource allocation choices that benefit your entire organization. You will also explore ways to have your planning and budgeting process work to increase the potential for higher earnings.


• Move your current method of budgeting and planning to a moresophisticated level.

• Solve many high-level budget problems.• Have multiple ways to increase accountability to the budget and plan.• Develop your revenue budget faster and based more on reality.• Develop a process for calculating the return on investment for

expenses and headcount increases.• Make your budget dummy proof.• Measure people’s activities to build a performance-based budget.

Topics Discussed • Measuring the impact strategy has on company spending• How nonfinancial performance impacts a budget’s success• Finding the true drivers of costs and expenses• Visionary and game-free planning and forecasting• Ways to rally and strengthen the process• The balanced scorecard approach to budget reporting• Finding the right balance among people, profits, and controls

126


AcronymDAAN

Field of StudyFinance

CPE Credit Hours8

Knowledge LevelBasic

Intended AudienceCFOs, controllers, treasurers, and other financial managers

PrerequisiteNone



First Offering DateAugust 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

Analytics and Big Data for Accountants

Analytics is the new force driving business. Tools have been created to measure program impacts and ROI, visualize data and business processes, and uncover the relationship between key performance indicators, many utilizing the unprecedented amount of data now flowing into organizations. In this course you will discuss leading-edge topics in analytics and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.


• Deal with major trends in predictive analytics, optimization, correlationof metrics, and big data.

• Interpret and manage new trends in analytics techniques affectingyour organization.

• Utilize new tools for data analytics.• Critically interpret analytic reports and advise decision makers.

Topics Discussed• Evidence-based techniques for finding or generating data, selecting

key performance indicators, isolating program effects• Relating data to return on investment, financial values, and executive

decision making• Data sources including surveys, interviews, customer satisfaction,

engagement, and operational data• Visualizing and presenting complex results


127



Excel for Accounting and Finance Professionals: Level 1

Acronym EAP1

Field of Study Specialized Knowledge and Applications

CPE Credit Hours 8


Intended Audience Accounting and finance professionals in public practice or industry

Prerequisite None



Special NoteStudents are encouraged to bring a laptop to class


Excel for Accounting and Finance Professionals: Level 1 focuses on demonstrating how to use Excel to get your tasks done in less time.

Designed specifically for accounting professionals, this course explores relevant features and functions, and demonstrates how to use them to automate recurring-use workbooks.

In addition to shortcuts, features, and functions, this course dives into overall workbook strategy and best practices. It examines techniques and approaches on how to use Excel to set up workbooks that reduce errors and improve efficiency.


• Demonstrate how to automate recurring-use workbooks.• Discover ways to improve personal productivity.• Explore relevant features, functions, and techniques.

Topics Discussed • Workbook design principles• Workbook organization• Worksheet organization• Names• Tables• Data validation• Conditional formatting

128



Excel for Accounting and Finance Professionals: Level 2

Acronym EAP2


CPE Credit Hours 8



Prerequisite AICPA course Excel for Accounting and Finance Professionals: Level 1 or previous experience with Excel





Excel for Accounting and Finance Professionals: Level 2 focuses on preparing reporting workbooks.

Building on the foundations covered in Excel for Accounting Professionals: Level 1, this next installment explores many worksheet functions useful in building formula-based reports.

The techniques and functions covered enable workbooks that allow you to paste-and-go. That is, you paste in the updated data, and the report values update automatically.

Learning ObjectivesWhen you complete this course you will be able to

• Explore relevant Excel functions.• Discover methods for setting up reporting workbooks.• Demonstrate ideas that promote efficiency.

Topics Discussed • Conditional summing• Lookups• Error trapping• Error checking• Multicolumn list comparisons• Text functions• Date functions• Dynamic headers• Mapping tables• Horizontal reports

129



Advanced Excel: Practical Applications for Accounting Professionals

Acronym EXPF


CPE Credit Hours 8



Prerequisite Working knowledge of Excel





A CPA designed this course specifically for accounting and finance professionals who have a good grasp of Excel and want to take their skills to the next level. Learn about the features you need to achieve greater efficiency and automation. Also, each exercise presented in the book is available as an interactive Excel Workbook file (download at clickconsulting.com), so you can follow along in Excel as you read.


• Automate recurring processes.• Use the most powerful features of Excel.• Know which features and functions should be used for various high-

level tasks.

Topics Discussed • Advanced pivot tables• External data ranges (ODBC)• Visual basic: macros and user defined functions• Digital workpapers• Securing worksheets and workbooks• Named ranges• Vlookup() and related functions that Nest Offset(), Text(), Match()• IF function and other efficiency gains• Encryption and data validation

130



Financial Forecasting and Decision Making

Acronym FFMD


CPE Credit Hours 8


Intended Audience Financial professionals responsible for preparing forecasts

Prerequisite None




Proper planning is key to any company’s success. With CPAs constantly being asked to plan a company’s future, forecasting is one area to demonstrate your unique value. This course provides the basic tools necessary to project the balance sheet and statements of income and cash flow. Determine the company’s maximum sustainable growth and predict its external fund requirements.


• Apply the basics of planning and forecasting financial statements.• Utilize a basic forecasting model.• Identify the evidence of growth mismanagement and develop the

skills to determine maximum sustainable growth.• Apply statistical procedures to forecasting.• Analyze projected or forecasted financial statements.

Topics Discussed • Overview of the forecasting process• The basic forecasting model• Techniques used to forecast sales• A case analysis on working capital planning• Forecasting the company’s capital structure• Projecting the income statement and balance sheet• Determining maximum sustainable growth• Using forecasting to aid growth planning• Forecasting short-term cash requirements

131


Financial Manager Skills for the 21st Century

Acronym FMCS


CPE Credit Hours 8


Intended Audience Financial managers and others with financial responsibilities





As an effective financial manager, you need to understand the success drivers, threats, and opportunities your company faces today and in the future. The more adept you are at managing people, projects, and accepting challenges in multiple areas, the more valuable you become to your company. While everyone may have a different list of specific critical skills for the next five to ten years, it is clear that the successful financial manager will need a strong technical skills base along with proficiency in a number of other skills such as communication, motivation, team-building, and many more. Through the use of real-world examples and case studies, this course will cover some of the most important skills you will need to be a successful financial manager now and for years to come.


• Better understand the current global economic environment and itsimpact on the financial manager’s responsibilities.

• Identify critical skills that will be necessary to be successful in theyears ahead.

• Understand threats or challenges that businesses face and the rolethe finance manager plays in identifying and reducing these threats.

• Improve cash management, communication, and management skills.

Topics Discussed • The impact of changes in the global economy• Lean management concepts• Key components of cash management• Borrowing money in the current economy• Identifying the key components of successful meetings• Effective communication skills• Redefining job responsibilities


132



Financial Statement Analysis: Basis for Management Advice

Acronym FSABM

Field of Study Accounting (3)Auditing (3)Finance (2)

CPE Credit Hours 8


Intended Audience Accounting professionals responsible for financial statement analysis

Prerequisite None




More and more, businesses turn to you for advice on financial performance. Are you ready? This course presents the financial statements as a set of dynamic instruments that can be used for accurate, relevant, and timely financial decisions. Focus on the economic and financial conditions that caused the statements to change and discover how businesses can manage liquidity, debt, and profitability. Plus, explore effect ratios, causal ratios, pro forma analysis, sustainable growth, and much more.


• Examine the causes of and determine solutions to common financialproblems such as reduced liquidity, increased leverage, and lowprofitability.

• Use bankruptcy prediction models.• Devise ways to correct liquidity problems.

Topics Discussed • Valuation techniques• Effect ratios• DuPont system for analyzing profitability• Causal analysis• How to conduct a financial statement analysis• Users of financial statements• Forecasting sustainable growth• Bankruptcy prediction models

133



Gaining and Sustaining a Competitive Advantage: Keys to Boost the Bottom Line

Acronym GSCA


CPE Credit Hours 8







In today’s economic environment financial professionals must play an active role in positioning their organization for success. How did your organization fare during the last recession? Is it prepared for the current and future competitive environment? Does your financial group still perform its tasks as it did several years ago? CPAs must foster innovation within the financial team and throughout their organizations. Gone are the days when financial staffs were viewed solely as being responsible for recording results and issuing reports. Today, the ability to quickly turn data into useful information, accelerate the decision-making process, incorporate efficient safeguards, provide a pipeline of qualified professionals and maximize financial returns is imperative. To successfully perform these and a growing list of other responsibilities, financial professionals not only need to be well-grounded in their core technical skills, but also in non-traditional skills. This program provides specific ideas and actions that can improve both today’s activities and future results.


• Use a series of practical analytical techniques to analyze situationsfaster and more completely.

• Organize the finance function to meet current and futureresponsibilities.

• Improve your ability to hire, manage, and retain skilled professionals.• Explore specific areas for CPAs to add value.• Discover how successful organizations capture and manage data.• Explore the current economic and competitive environment.• Provide insights and potential improvements for your organization’s

decision-making process.• Perform market and customer evaluations.

Topics Discussed • Managing the finance function in a turbulent and competitive

environment• Incorporating strategic thinking throughout the organization• Accelerating the decision-making process• Providing a pipeline of skilled professionals• Exploring practical and effective techniques to improve resource

allocation through planning and budgeting

134


Introduction to Business Valuation

Acronym IBV


CPE Credit Hours 8


Intended Audience Financial and nonfinancial professionals participating in improving the decision-making process, internal operations, budgeting and forecasting, allocation of capital funds and/or the acquisition or divestiture of assets/businesses

Prerequisite None




Offer business valuation services to your clients with confidence and be the professional that clients trust to understand the basic valuation concepts, theory, and application. You will enhance your understanding of the concepts presented by putting them to the test in a real-life case study.


• Understand the valuation process, its applicability to certain types ofengagements, and the various methods of valuation.

• Be better prepared to address the many questions which arise duringa valuation study.

Topics Discussed • Users and practitioners of business valuations• Business valuation standards• Items necessary to prepare an engagement letter• Appraisal principles and theory• Developing forecasts for business valuations• The market approach to valuation• The asset-based approach to valuation• The income approach to valuation• Premiums and discounts to valuation• Preparing a valuation report


135


Lean Accounting: Higher Profits by Streamlining Operations

Acronym LAMA


CPE Credit Hours 8


Intended Audience Industry CPAs in middle and upper management and public practitioners responsible for productivity improvement

Prerequisite Management responsibility in finance, operations, or planning




Today, you must do more with less. But can smaller be better? Does it take your company longer than senior management would like to deal with change or react to market and economic conditions? With new skills and strategies, improve the accounting and management of your company. Take home a blueprint that can immediately bring success. Minimize waste and create wealth through a lean accounting and management approach that improves profitability by streamlining operations. Combine management, accounting, control, and performance measurement methods to support leaner operations that sustain a leaner organization over the long-term. Those in both manufacturing and service industries will benefit from this course.


• Provide customer value through target costing.• Eliminate waste through value stream management.• Improve flow through capacity management.• Manage pull through resource requirements planning.• Achieve perfection through continuous process improvement.

Topics Discussed • Basic principles of lean accounting and thinking• Target costing and budgeting• Value stream management• Capacity management• Material requirements planning• Continuous process improvement• An action plan for implementing lean thinking• Practical lessons learned from the field• A toolkit of lean techniques


136


Plug Your Profit Leaks: Exploring Ideas to Significantly Save Time and Money

Acronym PYPL


CPE Credit Hours 8


Intended Audience Any employee whose job is to search for profit leaks or who is involved in improving work processes

Prerequisite At least three years of experience in financial management




Be recognized as one who can instantly add value to your organization’s bottom line. This hands-on workshop gives you proven techniques for plugging the most overlooked profit leaks. Learn specific strategies for lowering costs, improving productivity, and becoming a more efficient organization. Explore different methods to see how easily you can put them to work.


• Develop a clear understanding of the organization’s strategy and howit drives costs.

• Improve internal processes for maximum effectiveness.• Define what is most important and use that to create leadership

leverage.• Identify and remove costs that do not benefit the customer and create

company-wide awareness of the impact of costs.• Use specific tools that detect, prevent, and fix profit leaks.

Topics Discussed • Profit leaks and ways to identify them• Using the rule of 80/20 to analyze costs• Saving money and increasing productivity through rewards and

recognition• Ways to analyze the bottom-line impact of major decisions• Tools to measure the customer-service impact of cost-cutting

initiatives• Measuring efficiencies or inefficiencies of work processes• Process for collecting ideas that increase profits


137



Annual Update for Controllers

Acronym SKSB


CPE Credit Hours 8


Intended Audience CFOs, controllers, treasurers, and other financial managers





Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. In this course you will discuss leading-edge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.


• Identify current issues that impact the financial stability of yourorganization.

• Deal with major trends in accounting, corporate finance, treasurymanagement, and business systems.

• Utilize new tools for business planning, forecasting, budgeting, andreporting.

Topics Discussed • Leading-edge financial management tools and techniques• Human Resourse trends, ethics, generational differences, and

emotional intelligence• New issues in treasury management and controllership• Current trends in information systems and technology• Current trends in leading and developing staff to increase productivity

and profitability• Social Media• Internal Controls

138



Trusted Business Adviser SM Workshop II

Acronym TAW2

Field of Study Business Management and Organization

CPE Credit Hours 8


Intended Audience Sole practitioners, CPAs, and partners in small to midsize firms and staff looking to take on more leadership roles

Prerequisite Knowledge and experience with providing client services




Join an emerging group of CPAs who are taking the initiative to become trusted business advisers to their clients through strategic client planning. Learn from fellow CPAs the benefits of positioning yourself as yourclient’s most trusted business adviser and how to engage in dialogue with your clients to achieve this. Furthermore, this workshop arms you with practical tools to help you better explore your clients’ needs and provide optimal solutions. With hands-on training, you discover how to bring this new philosophy and service model into your practice.


• Knowledgeably and confidently present yourself to clients.• Price your services to align with the value you add.• Use techniques to engage in client need assessment discussions and

really get to the core of what keeps your clients “awake at night.”• Strengthen core skills to align yourself as your clients’ strategic

partner.• Integrate knowledge, expertise, and resources from multiple

disciplines to help build strong relationships and earn your clients’trust.

Topics Discussed • Understand, articulate, and price your value• Implement a process for becoming a trusted business adviser• Identify ways to leverage technology in this process• Set goals to get started

139


Toolkit of Best Practices for Today’s Controller and Financial Manager

Acronym TKBP


CPE Credit Hours 8







When an organization fails, it is usually due to several factors. These problems often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk, tunnel vision by management, and so on. Often, management will repeat poor practices across the enterprise. For example, do you think a so-called “budgeting crisis” is normally due to the budget, or actually hidden, existing problems that were uncovered due to the budgeting process? This course demonstrates the use of practices, techniques, and analytical tools specifically designed to assist CPAs and other financial professionals in adding value to their company. These areas include decision-making, cost and capacity management, selected accounting practices, understanding business cycles, managing continuous improvements, cash management, valuation techniques, and risk management. Examples of actions by both successful and failed organizations are used throughout the session.


• Identify, and correct, practices that can negatively impact anorganization.

• Isolate and measure cost drivers and trends.• Improve capital allocation processes and capacity management.• Prepare for, and navigate an organization through the business cycle.• Establish a process to drive continuous improvement through the use

of Lean.• Implement cash management systems and consolidate them into an

organization’s plans.• Establish the background, framework, valuation techniques, and

process for managing M&A activity and capital programs.• Identify and manage risk throughout the enterprise.

Topics Discussed • Techniques and ideas to establish and maintain an effective

organization• Examples of successful and failed companies as a source of learning• Discussions concerning the impact of the components of costs,

capacity, and M&A activity• Identification of broad measures that provide insights into the

direction of the economy• Practical ideas to improve forecasting• The role of CPAs in acquisitions and divestitures• Framework and methods to uncover and manage risk


140


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Advanced Tax Strategies for S Corporations ............................................................................ 143Annual Tax Update: Corporations and Pass-Through Entities ................................................. 144Basis/Distributions for Pass-Through Entities: Simplifying the Complexities............................ 145Buying or Selling a Business – The CPA’s Role ....................................................................... 146Choice of Entity Considerations Under the Current Tax Law .................................................... 147Smart Strategies to Slash Taxes for Closely Held Businesses ................................................. 1482015 Corporate Income Tax Workshop ..................................................................................... 149The CPA’s Role in Buying or Selling a Business ....................................................................... 150Capitalized Costs and Depreciation: Key Issues and Answers ................................................ 151Cancellation of Debt for Individuals and Businesses ................................................................ 152Practical Tips and Techniques for Closely Held Businesses..................................................... 153Smart Tax Planning Strategies for Individuals .......................................................................... 154IRS Disputes: Identifying Options for Your Client ...................................................................... 155Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth .................................... 156Health Care Reform Act: Critical Tax and Insurance Ramifications .......................................... 157Hot Tax Planning Developments Under the Current Tax Law ................................................... 158Estates and Trusts: Mastering Complex Income Tax Issues .................................................... 159Reviewing Individual Tax Returns: What Are You Missing? ..................................................... 160Mergers, Acquisitions, and Sales of Closely Held Businesses ................................................. 161Key S Corporation Tax Strategies and Compliance Issues ...................................................... 162Social Security and Medicare: Maximizing Retirement Benefits ............................................... 163Tax Planning Strategies for Small Businesses: Corporations, Partnerships, & LLCs ............... 164Taxation for Expatriates ............................................................................................................. 165Taxation for Foreign Nationals .................................................................................................. 166Tax Consequences and Reporting Issues of LLCs, LLPs, LPs, and Other Partnerships ......... 167Individual Income Tax Update ................................................................................................... 168Real-World Business Ethics for Tax Practitioners ..................................................................... 169Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies ................................... 170Tips and Tricks for Handling IRS Disputes ................................................................................ 171Advanced Tax Strategies for LLCs and Partnerships ........................................................... ... 172Form 990: A Comprehensive Approach to Accurate Preparation ...................................... ....... 173Estate Planning Essentials: Tax Relief for Your Clients ............................................................ 174

Table of Contents

Taxation

141


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Payroll Taxes and 1099 Issues: Everything You Need to Know .............................................. 175Hottest Tax Topics for 2015 ...................................................................................................... 1761040 Tax Return Workshop ...................................................................................................... 177Federal Income Tax Accounting Maximizing Tax Benefits and Minimizing Tax Costs ............ 178Form 1041: Income Taxation of Estates and Trusts ................................................................. 179International Taxation ............................................................................................................... 180Multistate Income Tax ............................................................................................................... 181Nexus Update: Latest Developments in State Income, Franchise, and Sales Taxes .............. 182Advanced Mergers, Acquisitions, and Sales of Closely Held Businesses ............................... 183AICPA’s Annual Federal Tax Update ....................................................................................... 184S Corporations: Key Issues, Compliance, and Tax Strategies ................................................ 185Slashing Taxes for Your Small Business Clients: Corporations, Partnerships, & LLCs ............ 186Taxation for Individuals Living Abroad ...................................................................................... 187Taxation Essentials of LLCs and Partnerships ......................................................................... 188Annual Tax Update: Individuals and Sole Proprietors .............................................................. 189

142


Taxation

AcronymADVSC

Field of StudyTaxation

CPE Credit Hours 8


Intended AudienceManagers and partners in public accounting who assist clients with tax planning for S Corporations

PrerequisiteCompletion of AICPA’s course S Corporations: Key Issues, Compliance, and Tax Strategies or equivalent knowledge and experience




Advanced Tax Strategies for S Corporations

The tax practitioner needs to understand the intricacies of the ever- popular S Corporation form of doing business. One must consider the tax affect various types of S Corporation distributions will have on its shareholders. Protect your shareholder/clients with careful compensation planning. Planning and reporting successful complex S Corporation transactions are examined. The uses of Qualified Subchapter S Subsidiaries are explored to help you minimize your client’s tax bill with winning strategies related to this type of entity.


• Apply the rules related to acquisitions and liquidations of SCorporations.

• Explain the uses of trusts as S Corporation shareholders.• Understand the complex rules of basis and distributions.• Explore the use of redemptions in S Corporations.

Topics Discussed• S Corporation current developments: tax planning impact• Compensation planning• Basis in S Corporation stock• Distributions• Use of qualified subchapter S subsidiaries• Liquidations, reorganizations, and redemptions• Estate planning and use of trusts

143


AcronymATCP

Field of Study Taxation

CPE Credit Hours8

Knowledge LevelUpdate

Intended Audience Tax practitioners in public practice and industry who need to stay on top of the latest changes in the federal tax law as they relate to pass-through entities and C Corporations

PrerequisiteFamiliarity with federal tax issues for various entities



First Offering DateOctober 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

Annual Tax Update: Corporations and Pass-Through Entities

Taxation

Be prepared before the tax season starts! Find out about the latest federal tax law changes, court decisions, and IRS pronouncements related to partnerships, LLCs, and C and S Corporations. Our discussion leaders will identify ways to integrate the latest tax law changes into planning and compliance engagements and help you provide more value-added services to your clients. With the ever-changing tax laws and their increased complexity, you can’t afford to miss this course!


• Identify and comply with new tax changes during the upcoming taxseason.

• Utilize latest planning ideas resulting from recent changes to taxstatutes, regulations, cases, and rulings.

Topics Discussed• Latest changes to federal tax statutes, regulations, cases, and rulings

for pass-through entities and C Corporations• Passive loss, at-risk and basis developments for flow-through entities• The latest on reasonable compensation issues for corporate

shareholder/employees and the latest about self-employment issuesfor partners and LLC members

• New developments in the capitalization versus expense debate• Property transactions: depreciation and amortization, gains and

losses• Planning for the use of nontaxable transactions to defer tax liability• Accounting methods and periods• Compensation issues: fringe benefits, pensions, and profit-sharing

plans• Practical, time-saving return preparation tips from leading tax

practitioners• Late-breaking tax legislation

144


AcronymBADI


CPE Credit Hours8


Intended Audience CPA firm managers, partners, and other tax practitioners who advise clients concerning issues related to the computation of pass-through entity basis, loss limitations, sales of interests and distributions

PrerequisiteExperience in business taxation




Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

Taxation

The IRS is scrutinizing, more closely than ever, the basis owners have and the transactions in which the computation of basis is required. This course addresses the rules used to determine basis for partnerships and S Corporations, and puts the computation of basis in contexts that often come under scrutiny – loss limitations, distributions, and sales of an interest, among others. Learn the crucial rules for computing the adjusted basis and the tax treatment of distributions of pass-through entities such as partnerships and S Corporations. Focus on the computation of the basis and the at-risk amount for these entities. Become familiar with correct allocation of liabilities among partners, the types and amounts of income that can result from distributions and sales of interests, and the basis of assets distributed from pass-through entities.


• Compute the basis of a partnership interest or S Corporationstockholding.

• Determine the amount and the character of income or loss the partneror shareholder should recognize because of distributions of property or money.

• Apply the basis, at-risk, and passive activity loss limitations to pass-through losses from partnerships, LLCs, and S Corporations.

• Evaluate the tax treatment of sales of either partnership interests or SCorporation stock.

• Adjust the basis of partnership or LLC property following certaindistributions and transfers of interests in the entity.

Topics Discussed• Structuring cash and property distributions to avoid unexpected tax

consequences• Adjusting basis in partnership assets to save future taxes• Measuring the gain or loss on the sale of an interest in a partnership

or S Corporation• Minimizing recognition of ordinary income on sale of an interest• Maximizing the amount of the pass-through losses deductible by the

partner/shareholder

145


AcronymBASB


CPE Credit Hours8


Intended Audience Advisors of closely held businesses, business owners and senior level managers, CFOs, bankers, auditors and others responsible for creating proper structure and advising in the purchase, sale or merger of a business





Buying and Selling a Business - The CPA’s Role

Taxation

Become the key adviser to a client or employer who’s buying or selling a business. Your advice will impact your client for years to come! Lead the team of advisers with a keen overview of the transaction in addition to specific tax and accounting technical advice. Buying and selling a business involves more than calculating a transaction gain or loss – it must be valued, due diligence must be conducted, and various stakeholders will be impacted.


• Learn the steps in a business acquisition.• Become acquainted with the team of advisers involved with the

transaction.• Understand due diligence procedures and transaction documentation.• Analyze the three principle approaches to valuation of a business.• Identify key buyer groups and the impact of a sale on them.• Structure compensation alternatives for individual buyers and sellers.

Topics Discussed• Transaction basics• Due diligence• Valuation considerations• Asset versus stock based transactions• Transaction terms• Buyer and seller best practices

146


AcronymCEKI


CPE Credit Hours8


Intended AudienceCPA firm seniors (and above) and other tax professionals looking for the best techniques to select various entity forms to solve their clients’ tax and business problems





Choice of Entity Considerations Under the Current Tax Law

Taxation

Choice of entity issues are relevant throughout the life of a business. When starting a new business, a crucial first decision is choosing the correct form of entity to accomplish the company’s goals. Likewise, it is equally important to know when an entity change is needed as well as the tax consequences of the sale or liquidation of the various forms of doing business. This course targets the ever-increasing tax advantages and disadvantages of general and limited partnerships, C and S Corporations, LLCs and LLPs, as well as individual proprietorships. It will help you hone in on the key issues surrounding the myriad of factors that drive the optimal form of organization for a business. The course also includes several case studies from real-life client situations.


• Make the best decision when forming a tax entity.• Know precisely when an entity change is needed to achieve business

or tax advantages.• Avoid getting snared by the complex tax law provisions on the

selection, organization, restructuring, and liquidation of businessforms.

• Match business and tax strategies to the appropriate business form.

Topics Discussed• C Corporations, S Corporations, general partnerships, limited

partnerships, limited liability partnerships, LLCs, series LLCs, soleproprietorships

• Reasonable owner salary• Flow-through treatment of income or loss• Split-ups, split-offs, spin-offs• Transfers to and from an entity• Tax rate considerations• Mergers and acquisitions• Changing form of entity

147


AcronymCHTX


CPE Credit Hours8


Intended AudienceManagers and partners in public accounting who assist clients with tax planning and transactions, and owners and CFOs of closely held businesses





Tax Considerations and Consequences for Closely Held Businesses

Taxation

Provide insightful recommendations for the challenges faced by your closely held business clients. Employ smart business decisions that will minimize the tax burden, not only on the business, but also on the owners. The concepts are uniquely laid out in the course to allow you to easily and quickly identify those tax-saving strategies that fit your client’s situation.


• Recognize developing tax issues that are impacted by the business’operations.

• Explore strategies relating to benefits, choice of entity, basisconsiderations, financing alternatives, passive activity, nexus,cancellation of debt, bankruptcy, and compensation.

• Implement strategies to reduce the taxes paid by the business.• Recognize and plan for the impact of the business taxes upon the

owners of the business.

Topics Discussed• Entity options• Compensation• Retirement plans and deferred compensation• Passive activities and at-risk issues• Shareholder/partner basis• Insolvency and bankruptcy• Business losses• Distressed properties• Tax credits• Succession planning• Multistate taxation

148


AcronymCITW


CPE Credit Hours16


Intended Audience Tax professionals in public accounting: seniors, supervisors, and managers; Tax professionals within corporate finance or tax departments

PrerequisiteThree years of tax experience



First Offering DateSeptember 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

2015 Corporate Income Tax Workshop

Taxation

Originally written by Sid Kess and now led by AICPA’s top tax instructors, this course will give you an advantage with our unique perspective on the latest tax changes. Look at the most recent tax laws and other developments affecting C Corporations, S Corporations, and other business entities, including limited liability companies. Learn how to advise clients and employees on the latest tax-planning ideas. Share marketing ideas from top practitioners – based on the latest tax strategies. In addition, practical, real-life exercises will help you apply what you’ve learned from this comprehensive course.


• Identify the benefits of forming a corporation.• Apply the rules for transfer of assets and liabilities to a new

corporation.• Review the accounting methods available to a corporation.• Understand reasonable compensation issues with respect to a C

Corporation and S Corporation shareholder-employees.• Analyze the best retirement plan recommend for a corporation.• Recognize economic performance, including issues and deduction

limitations related to bad debts, rent, tax, and interest expense.• Determine the availability of tax credits and other entitlements related

to retirement plans for a corporation.• Accurately apply financial turmoil and bankruptcy rules.

Topics Discussed• S Corporation qualifications and election• C Corporation IRC Section 1244 Stock• Cash and accrual accounting methods• Revenue recognition methods• Expensing versus capitalization rules• Depreciation• Inventories• Dividends, interest, and other income• Employee benefit and retirement plans• Net operating losses• Passive activities and at-risk limitations• PPACA: Net Investment Income Tax: Medicare Tax• Tax return disclosures• Sale of properties• Other taxes: AMT, accumulated earnings tax, personal holding• Tax payments and penalties

149


AcronymCL4BASB


CPE Credit Hours4


Intended Audience Advisors of closely held businesses, business owners and senior level managers, CFOs, bankers, auditors and others responsible for creating proper structure and advising in the purchase, sale or merger of a business





The CPA’s Role in Buying or Selling a Business

Taxation

Become the key adviser to a client or employer who’s buying or selling a business. Your advice will impact your client for years to come! Lead the team of advisers with a keen overview of the transaction in addition to specific tax and accounting technical advice. Buying and selling a business involves more than calculating a transaction gain or loss – it must be valued, due diligence must be conducted, and various stakeholders will be impacted.


• Become acquainted with the team of advisers involved with thetransaction.

• Understand due diligence procedures and transaction documentation.• Analyze the three principle approaches to valuation of a business.• Identify key buyer groups and the impact of a sale on them.• Structure compensation alternatives for individual buyers and sellers.

Topics Discussed• Transaction basics• Due diligence• Valuation considerations• Asset versus stock based transactions

150


AcronymCL4CCD


CPE Credit Hours4


Intended Audience Public accounting staff and senior associates, tax professionals in company finance or tax departments

PrerequisiteNone




Capitalized Costs and Depreciation: Key Issues and Answers

Taxation

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations.


• Calculate the initial tax basis and adjusted tax basis of businessproperty.

• Determine the tax basis of self-constructed assets.• Distinguish between deductible repairs and capitalized improvements

under new tax provisions.• Classify expenditures for tax purposes properly.• Apply recent changes in the tax rules to classification of expenditures

and tax result.• Recognize deduction recognition issues related to amortization.• Understand the fundamentals of the MACRS system of depreciation/

cost recovery.• Recognize eligibility for immediate §179 expensing.

Topics Discussed• Capital improvements and repair• Adjusted tax basis• Tax depreciation and amortization• First year expensing-IRC section 179• Depreciation methods• IRS tables

151


AcronymCL4CDIB


CPE Credit Hours4


Intended Audience CPAs and tax preparers with at least two years of experience in public accounting

PrerequisiteTwo years of experience in taxation




Cancellation of Debt for Individuals and Businesses

Taxation

Many clients have probably come to you in recent months with an assortment of issues related to foreclosures, short sales, and restructured debt. Are you ready to help them and provide solutions? This example-heavy course explores the multi-faceted topic of cancellation of debt for individuals and businesses. Topics discussed include proper treatment and reporting of foreclosures, short-sales, income reported on forms 1099-C and 1099-A, and preparation of Form 982 among others. Income exclusions related to qualified principal residence indebtedness, qualified real property business indebtedness, bankruptcy, and insolvency will be reviewed with real-life examples.


• Report cancellation of debt on individual and business tax returns.• Navigate the tax attribute reduction rules and complete Form 982 for

various entity types.• Recognize opportunities and pitfalls for your clients related to debt

forgiveness.• Identify the latest tax law changes, court cases, and developments.

Topics Discussed• Types of debt – recourse and nonrecourse debt• Forms 1099-A and 1099-C• Exclusions – bankruptcy, insolvency, qualified farm indebtedness,

qualified real property business indebtedness, qualified principalresidence indebtedness

• Form 982• Individuals – Reporting on Schedules C, E, and F• Partnerships• S Corporations• C Corporations

152


AcronymCL4CHTX


CPE Credit Hours4


Intended AudienceManagers and partners in public accounting who assist clients with tax planning and transactions, and owners and CFOs of closely held businesses





Practical Tax Tips and Techniques for Closely-Held Businesses

Taxation

Provide insightful recommendations for the challenges faced by your closely held business clients. Employ smart business decisions that will minimize the tax burden, not only on the business, but also on the owners. The concepts are uniquely laid out in the course to allow you to easily and quickly identify those tax-saving strategies that fit your client’s situation.


• Recognize developing tax issues that are impacted by the business’operations.

• Explore strategies relating to benefits, choice of entity, basisconsiderations, financing alternatives, passive activity, nexus,cancellation of debt, bankruptcy, and compensation.

• Implement strategies to reduce the taxes paid by the business.• Recognize and plan for the impact of the business taxes upon the

owners of the business.

Topics Discussed• Entity options• Retirement plans and deferred compensation• Passive activities and at-risk issues• Shareholder/partner basis• Business losses• Distressed properties• Succession planning

153


AcronymCL4CYCT


CPE Credit Hours4


Intended Audience CPAs looking for innovative tax-planning techniques to help clients avoid higher taxes

PrerequisiteBasic knowledge of individual income taxation




Smart Tax Planning Strategies for Individuals

Taxation

Make sure your clients are protecting themselves from the onslaught of higher taxes. Get the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this course will bring you up-to-date on the latest strategies which will keep more money in the hands of your clients and make you look like a hero!


• Increase client wealth by focusing on tax-saving opportunities.• Implement tax-planning moves in light of new and recent tax

developments.• Protect your client from tax pitfalls.• Anticipate possible tax legislation and position your clients for

financial success.

Topics Discussed• Tax-smart strategies for capital-gain assets and fixed-income

investments• 0.9% and 3.8% Medicare taxes• Mutual fund tax strategies• Tax-saving ideas for self-employed clients - including ways to reduce

self-employment and FICA taxes, strategies for husband-wifebusinesses, depreciation breaks, and lots more

• Tax angles for vacation homes, timeshares, and co-ownershiparrangements

• Divorcing clients - tax angles are critically important• Understanding the tax implications of personal residence short sales

and foreclosures• Employer stock options: tax planning moves

154


AcronymCL4DIRS


CPE Credit Hours4


Intended Audience CPAs, enrolled agents, and attorneys

PrerequisiteNone




IRS Disputes: Identifying Options for Your Client

Taxation

Get the confidence and understanding you need to stand up to the Internal Revenue Service. Learn about what may trigger an audit, how to negotiate with the IRS, settle on appeal, and qualify for an IRS collection program. Represent your client with confidence and evaluate your client’s best options for dealing with the IRS.


• Determine whether a tax liability has been properly assessed againstyour client.

• Identify procedures IRS is required to follow in order to assess theTaxpayer.

• Advise taxpayers about how to prevent the filing of federal tax liensand minimize the adverse effects of filed liens.

• Advise taxpayers concerning the levy, seizure, and sale of property.• Advise your clients when they may be eligible for an IRS installment

agreement.• Understand the circumstances in which an installment agreement is

in the client’s best interests.• Advise clients about applying for an offer in compromise.• Complete IRS Form 656 and a Collection Information Statement in

order to maximize the probability of the offer in compromise beingaccepted.

Topics Discussed• The Assessment Process• The Collection Process for tax liens and levies• The IRS process for seizures and sales of taxpayer property• Installment Agreements• Offers in Compromise

155


AcronymCL4EPE


CPE Credit Hours4


Intended Audience CPAs, accounting staff, and those new to estate and gift planning and preparation

PrerequisiteNone




Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth

Taxation

What is the estate tax? What is the gift tax? How are they interrelated? Explore the use of wills, trusts and life insurance as vehicles to reduce the estate tax. Whether your client is accumulating wealth or planning for its distribution upon death, advise them on the most tax-efficient way to structure their affairs to minimize taxation on the transfer of their wealth to intended beneficiaries.


• Understand the structure of the estate and gift tax.• Appreciate recent changes in the federal estate tax.• Minimize transfer taxes by incorporating exemptions and credits.• Advise clients on filing requirements for Forms 706 and 709.

Topics Discussed• Basic concepts of estate planning• Transfer taxation• Calculation of federal estate tax• Asset valuation and title ownership• Marital and charitable deduction planning• Introduction to wills, intestacy and probate, and the impact on estate

planning• Review of Forms 706 and 709, and their preparation and filing

requirements

156


AcronymCL4HCRA


CPE Credit Hours4


Intended AudienceCPAs, enrolled agents, and financial advisers

PrerequisiteNone




Health Care Reform Act: Critical Tax and Insurance Ramifications

Taxation

The Health Care Reform Act continues to be phased in this year and in future years. This seminar will help you better understand the impact of the Act so you can describe to your clients how health care and paying for coverage will change in the future. In addition, you’ll discover how to use this information for tax planning opportunities. This topic is constantly changing so make sure you’re up-to-date on the latest information.


• Explore tax ramifications associated with implementation of the Act.• Identify penalties that apply to individuals and businesses.• Explore tax changes that recently went into effect.• Assist clients with tax planning under the Health Care Reform Act.

Topics Discussed• Integrating 2014 provisions into your clients’ current tax plans• How to begin early planning using the latest provisions• Impact of the political environment and possible changes to the

current act• Planning opportunities associated with the Act• How paying for health care will change

157


AcronymCL4HOT


CPE Credit Hours4


Intended AudienceAll practitioners

PrerequisiteBasic understanding of individual and business taxation




Hottest Tax Planning Developments Under the Current Tax Law

Taxation

Are you up-to-date on the latest tax planning developments for 2015? This course explores the hottest tax planning topics which will impact you and your clients. Discover how these topics may impact tax planning strategies and be in a position to help minimize your client’s tax bill.


• Confirm their clients tax plans are intact.• Adjust your tax planning strategies to account for recent tax law

legislation.• Recognize new tax planning opportunities.• Minimize your client’s tax bill.

Topics DiscussedCurrent and Latest Tax Law Developments Affecting Individuals including

• Bankruptcy and insolvency• Short sales and foreclosures• Personal residence to rental property conversions• PAL limitations

Current and Latest Tax Law Developments Impacting Small Businesses including

• Obamacare’s Health Insurance Tax Credit• Manage Section 1231 losses• PAL and LLC members• SE tax rules and active LLP partners• Fringe benefit issues for partners and S Corp SHs

Current and Latest Tax Law Developments for Corporate Entities, including

• Dividends, stock redemptions, and share sales• Reasonable compensation• Professional corporation conversions to LLC or LLP• Non-compete agreement updates

158


AcronymCL4ITET


CPE Credit Hours4


Intended AudienceCPAs and financial planners with basic knowledge of federal income tax concepts

PrerequisiteNone




Estates and Trusts: Mastering Complex Income Tax Issues

Taxation

Protect your clients’ assets and shield their estates from increased taxation brought about by the changing tax code. Understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. This course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms.


• Apply the concepts of federal income taxation of estates and trusts.• Calculate the gross income of trusts and estates.• Describe what deductions and credits are allowed for estates and

trusts.• Define distributable net income and understand its significance.

Topics Discussed• How are trusts and estates taxed under the internal revenue code?• What is a trust? What is a “simple trust?” What is a “complex trust?”• How is the “income” of a trust or estate defined for tax purposes?• What are the ordinary deductions and credits allowed?• How is the “deduction for distributions” to beneficiaries determined?• How are trust and estate beneficiaries taxed?• What is a “grantor trust?”• How to prepare Form 1041

159


AcronymCL4ITRM


CPE Credit Hours4


Intended AudienceCPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season





Reviewing Individual Tax Returns: What Are You Missing?

Taxation

Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. The intent is to sharpen skills for reviewers by examining case studies and discussing issues where additional information from the client may be warranted and areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed including pass-through K-1s, home office issues, hobby losses, rental property, hiring spouses, depreciation, §179 issues, amortization and more! This course follows a highly illustrative case study format to increase participant comprehension and retention.


• Identify common mistakes made on individual tax returns.• Develop strategies to avoid making mistakes on individual tax returns.

Topics DiscussedCommon errors made involving the following tax forms:

• Form 1040• Schedule A• Schedule B• Schedule C• Schedule D• Schedule E• Form 4562• Form 4797

160


AcronymCL4PSAS


CPE Credit Hours4


Intended AudienceManagers and partners in public accounting who assist clients with complex business acquisitive or divisive transactions

PrerequisiteExperience in business taxation and mergers & acquisitions




Mergers, Acquisitions, and Sales of Closely Held Businesses

Taxation

If you ever wanted to know the mechanics of buying, selling or merging companies, this course offers key insights into the transaction marketplace. This material is aimed at a broad audience of business owners, senior managers, chief financial officers, advisors to closely held businesses, bankers, auditors and attorneys. Business transactions are marquee events in the history of most closely held businesses, and therefore, demand inordinate attention to detail and process. Many skill sets are involved in this process and topics such as negotiations, business valuations, strategic thinking, finance, family businesses, accounting, taxes and group dynamics are covered. Follow real-life case analysis to gain strategic insights into the fascinating transaction marketplace.


• Establish transaction strategy and structure.• Apply an effective process to establish transaction “price.”• Master the common elements in negotiated transactions.• Get better results through comparing asset and stock transactions.• Save a business for its employees or for the family.

Topics Discussed• Due diligence procedures and inquiries• Transaction valuation fundamentals• Negotiation strategies• Reviewing terms of the deal• Deal structure• Tax issues for stock based transactions• Tax issues for asset sale/purchase transactions• Transactions between family members

161


AcronymCL4SCORP


CPE Credit Hours4


Intended Audience Staff and senior associates in public accounting who assist clients with tax compliance for closely held S Corporations

PrerequisiteNone




Key S Corporation Tax Strategies and Compliance Issues

Taxation

Get the knowledge you need to speak effectively to new and current clients about how you can make the S Corporation business model work for them. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass-through entity over the C Corporation. Discuss the most misunderstood areas of S Corporations taxation and how businesses and shareholders can use them to their advantage.


• Determine the advantages of electing S Corporation status.• Identify the requirements to qualify for an S Election.• Recognize individuals and entities that are eligible to own S

corporation stock.• Determine how to make a proper S corporation election.• Determine income or loss that passes through to the shareholder.• Define and explain the complex rules of distributions.

Topics Discussed• S Corporation qualifications• Election of S Corporation status• Termination or revocation of S Corporation status• Pass-through of income and loss items to shareholder• Distributions to S Corporation shareholders• Reporting and filing requirements• Shareholder basis

162


AcronymCL4SSM


CPE Credit Hours4


Intended AudienceCPAs, professional accountants, and financial advisors

PrerequisiteBasic knowledge of SocialSecurity and Medicare




Social Security and Medicare: Maximizing Retirement Benefits

Taxation

Our Social Security system provides retirement, disability, and survivor benefits to millions of Americans. The long-term future of Social Security and Medicare is uncertain, triggering concerns for many workers who are now paying into the system. Attend this course to learn what matters, cover real-world situations and use the tools provided to advise your clients to make optimal decisions when it comes to Social Security and Medicare.


• Describe the role of the Social Security Administration and how FICAapplies to the funding of Social Security, and Medicare benefits.

• Identify the benefit eligibility issues.• Determine Social Security benefits and the implications retirement

age has on those benefits.• Identify what types of Social Security survivor benefits are available.• Describe the disability income benefits and the multiple factors that

can impact those benefits.• Identify coverages and costs associated with Medicare and what it

does not cover.

Topics Discussed• What Medicare will and will not do• Managing Medicare gaps• Analyzing the wide menu of Social Security benefits• Social Security benefits for workers and families: retirement, survivor,

disability, and death benefit• Tax impact of social security premiums and benefits• Impact of the new 3.8% Medicare surtax on investment income

163


AcronymCL4STSB


CPE Credit Hours4


Intended Audience CPAs looking for innovative tax planning and savings techniques to solve client problems

PrerequisiteBasic knowledge of business taxation




Tax Planning Strategies for Small Businesses: Corporations, Partnerships, & LLCs

Taxation

Solid tax planning strategies are essential for your corporate and small business clients. Join us as we explore state-of-the-art planning ideas and tax-saving strategies to keep more of your client’s money in their pockets. We’ll answer the tough questions and show you what strategies are best for your clients as a result of the most recent tax reform.


• Solve the unique tax problems affecting small businesses.• Identify savings opportunities and pinpoint tax traps.• Substantially cut your small business clients’ tax bills.

Topics Discussed• Business tax changes in recent legislation, court decisions, and IRS

guidance• Impact of the 0.9% and 3.8% Medicare taxes on business owners• C Corporation moves to avoid potentially higher individual tax rates• Husband-wife businesses: tax-saving strategies• The 100% gain exclusion for qualified small business corporation

stock• When to switch from C Corporation to S Corporation status (or not)• Fringe benefit planning for partners and S Corporation shareholder-

employees

164


AcronymCL4TFE


CPE Credit Hours4


Intended Audience Tax practitioners and employers who have U.S. clients or employees living overseas

PrerequisiteNone




Taxation for Expatriates

Taxation

As our employment, investing, and retirement environments become more global in nature, tax professionals need to be ready for the increasingly complex tax challenges that face our U.S. citizens living abroad. We will explore issues relating to potential double taxation by two or more countries and tax planning opportunities available to minimize an individual’s overall tax liability.


• Confidently provide invaluable tax advice to overseas clients.• Determine Section 911 exclusions.• Identify structuring alternatives between the home and host country

for an expatriate assignment.

Topics Discussed• Issues facing U.S. citizens living overseas including earned income

and housing exclusion, sourcing of income, deductions, credits, andtax withholding

• Tax planning opportunities and filing requirements facing U.S.expatriates

• Responsibility for reporting existence of foreign financial assets• International assignment compensation package• Section 911 exclusions• Form 2555 – Foreign Earned Income• Form 2555 – Foreign Earned Income Exclusion• Form 1116 – Foreign Tax Credit• Form 8938 – Statement of Specified Foreign Financial Assets

165


Taxation for Foreign Nationals

AcronymCL4TFN


CPE Credit Hours4


Intended Audience Tax practitioners and employers who have foreign clients or employees living in the U.S.

PrerequisiteNone




Taxation

As our employment, investing, and retirement environments become more global and increase in complexity, accountants need to know the tax issues facing foreign nationals who live and work in the U.S. You will explore tax issues related to cross border employment, business, and investment activities of individuals, and the opportunities to minimize the potential for double taxation by two or more countries.


• Advise your clients on the tax issues they may face when living aglobal lifestyle.

• Determine residency status.• Determine what sources of income are included and not included in

taxable income.• Define effectively connected income (ECI) and how it impacts the

taxation of nonresident aliens.• Identify tax issues with taxation of dual-status individuals.

Topics Discussed• Issues facing foreign nationals living in the U.S. including residency

classification, taxation of resident and nonresident aliens, and tax treaty benefits

• Tax planning opportunities and filing requirements facing foreignnationals living in the U.S.

• Responsibility for reporting existence of foreign financial assets• Foreign investment in U.S. real property• Overview of estate and gift tax issues for nonresident and resident

aliens• Taxation of employees of foreign governments and international

organizations

166


AcronymCL4TLLLO


CPE Credit Hours4


Intended Audience Public accounting staff, seniors, and tax professionals in company finance or tax departments

PrerequisiteNone




Tax Consequences and Reporting Issues of LLCs, LLPs, LPs, and Other Partnerships

Taxation

Is LLC and partnership taxation something new to you? Perhaps you have worked in this area for years but need a quick review of the fundamental concepts? Build a foundation of knowledge or freshen up your skills. This course addresses the tax consequences of the most common transactions engaged in by LLCs and partnerships. Develop a level of comfort with the basic conceptual framework underlying partnership and LLC taxation, with an emphasis on explaining the tax consequences associated with issues that are most frequently confronted by tax practitioners.


• Describe how partnerships and LLCs opting to be treated aspartnerships will report their federal taxable income to the IRS.

• Determine the tax basis of assets transferred to a partnership or LLCat formation.

• Explain the tax consequences and liabilities to a partnership/LLC ofproperty transfers.

• Distinguish between distributions and compensatory payments topartners, and recognize tax consequences of each type of payment.

Topics Discussed• Tax structure of partnerships and LLCs• Tax consequences of partnership or LLC formation• Partnership distributions• Compensatory payments to partners• Overview of profit and loss allocations

167


AcronymCL4TSUI


CPE Credit Hours4


Intended AudienceTax practitioners in public practice and industry that need to stay on top of the latest changes in federal tax law for individuals and sole proprietors

PrerequisiteFamiliarity with federal tax issues for individuals




Individual Income Tax Update

Taxation

Are you ready for the upcoming tax season? Learn what’s new and what has changed in the federal individual income tax arena. Get up-to-the-minute guidance on the latest tax legislation, court decisions, and IRS pronouncements. Gain practical insights and valuable tax-saving strategies from AICPA’s seasoned tax pros who know what the new laws, rules, and court decisions can mean for real-world taxpayers. With the ever-changing tax laws and their increased complexity, you can’t afford to miss this course.


• Identify and comply with the latest requirements resulting from federaltax statutes, regulations, cases, and rulings.

• Utilize new planning ideas for individuals and sole proprietorsresulting from recent tax changes.

Topics Discussed• Latest tax law changes• Practical, time-saving return preparation tips• How to turn tax-saving ideas into new planning strategies• Tips, traps, and opportunities on Schedules C and E• Expert strategies to help minimize clients’ tax liabilities

168


AcronymCL4TXRWBE

Field of StudyBehavioral Ethics

CPE Credit Hours4


Intended Audience CPAs in tax practice who provide services to individuals, corporations, LLCs andpartnerships, and CPAs whowork in tax reporting functions for businesses of all sizes, including corporate tax departments

PrerequisiteExperience in tax reporting




Real-World Business Ethics for Tax Practitioners

Taxation

Explore case studies drawn from real-life situations involving CPAs in tax practice. From tax shelters to preparing small business tax returns, learn about ethical issues in the context of tax services and taking positionson tax issues that range from “probable” to “more likely than not” to a “realistic possibility.” Gain insight by placing yourself in situations that require application and understanding of relevant ethical considerations and standards established by the Service, AICPA, Circular 230, and the Code. Consider real-world tax questions that deal with independence, knowledge of errors in returns, advice to taxpayers, fees charged in shelter, and other transactions, and standards applicable to uncertain tax positions, among others.



• Describe the professional and ethical requirements of CPA taxprofessionals under Circular No. 230.

• Analyze ethical obligations associated with discovery of an optionsbackdating program.

• Explain linkage between the Internal Revenue Code (IRC), U.S. Code(USC) 26, Section 409A, and the potential impact to clients and theiremployees.

Topics Discussed• Analysis of tax ethics requirements from relevant sources —The

Service, AICPA Standards, Circular 230, the Code, and litigated taxcases

• Fact patterns from actual practice situations and litigated tax cases• Special ethical issues in select areas: independence, permitted and

prohibited services, asserting uncertain tax positions, client conflictsand preparing and signing returns

169


AcronymCYCT


CPE Credit Hours8


Intended Audience CPAs looking for innovative tax-planning techniques to help clients fight higher taxes





Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies

Taxation

Make sure your clients are protecting themselves from the onslaught of higher taxes. Get the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this course will bring you up-to-date on the latest strategies which will keep more money in the hands of your clients and make you look like a hero!


• Increase client wealth by focusing on tax-saving opportunities notconsidered in the past.

• Implement tax-planning moves in light of new and recent taxdevelopments.

• Protect your client from tax pitfalls.• Anticipate possible tax legislation and position your clients for

financial success.

Topics Discussed• Impact of Supreme Court’s rejections of Defense of Marriage Act• New 0.9% and 3.8% Medicare taxes• Mutual fund tax strategies• All about Roth IRAs - including strategies for self-employeds and

estate planners• The 100% gain exclusion for qualified small business stock• Personal residence transactions - including short sales and

foreclosures• Reverse mortgages can save taxes on greatly appreciated

residences• Converting personal residences into rentals: tax implications• Tax-saving ideas for self-employed clients - including ways to

reduce SE and FICA taxes, strategies for husband-wife businesses,depreciation breaks and much more

• Tax angles for vacation homes, timeshares, and co-ownershiparrangements

• Divorcing clients - tax angles are critically important• State-of-the-art tax planning for college expenses• Employer stock options: tax planning moves

170


AcronymDIRS


CPE Credit Hours8


Intended Audience CPAs, enrolled agents, and attorneys





Tips and Tricks for Handling IRS Disputes

Taxation

Get the confidence and understanding you need to stand up to the Internal Revenue Service. Learn about what may trigger an audit, how to negotiate with the IRS, settle on appeal, and qualify for an IRS collection program. Represent your client with confidence and evaluate your client’s best option(s) for dealing with the IRS.


• Evaluate IRS audit trends and the audit selection process.• Determine when IRS requests could be challenged.• Identify the timing, scope, and location of various IRS audits.• Understand IRS audit techniques and inquiries and appeal rights.• Manage the information document request process and evaluate the

contents of a revenue agent report (RAR).

Topics Discussed• The assessment process• Audit selection, examination, and the appeals process• Installment agreements• Offers in compromise• Advising delinquent taxpayers• The IRS collection process for tax liens, levy, seizure, and sale• Bankruptcy options and the effect on tax liabilities• Payroll tax issues and the trust fund recovery penalty• Practice before the IRS

171


AcronymDTT


CPE Credit Hours8


Intended Audience Managers and partners in public accounting who assist clients with tax planning for closely held LLCs and partnerships





Advanced Tax Strategies for LLCs and Partnerships

Taxation

What works best for your client? Learn the pros and cons of the LLC, General Partnership, Limited Partnership, and Limited Liability Partnership by focusing on planning and potential tax traps. A review of distinct advantages of these entities is coupled with an examination of the risk members and partners face if they do not have a solid tax plan to minimize their exposure. In addition, we will explore some of the more intricate rules and regulations of these entities so you can move your working knowledge of partnership and LLC taxation beyond the basics.


• Allocate income, gain, loss, and deduction among partner/membersto reflect their agreed-upon interests properly in partnership or LLCeconomic activities.

• Assess the risks taken by investors with respect to their investment ina partnership or LLC and allocate the entity’s liabilities accordingly.

• Determine the consequences of selling a partnership or LLC interest.• Calculate the basis of partnership or LLC following distributions of

multiple properties.• Plan for the effects of a distribution of multiple properties.• Make elections to protect partners and LLC members from

unwelcome future consequences arising from current distributions,sales, and/or transfers of interests in the partnership.

Topics Discussed• Allocation of partnership and LLC income under Section 704(b)• Allocations with respect to contributed property• Allocation of partnership recourse liabilities under Section 752• Allocation of partnership nonrecourse liabilities and related

deductions under Sections 752 and 704(b)• Advanced distribution rules• Adjustments to the basis of partnership/LLC assets• Sale of an interest in a partnership or LLC

172


AcronymEO-F990


CPE Credit Hours8


Intended Audience CPAs, attorneys, and nonprofit managers

PrerequisiteNone




Form 990: A Comprehensive Approach to Accurate Preparation

Taxation

Discover the tax information and not-for-profit organization issues you need to prepare the current Form 990. This course will cover the numerous tax reporting demands the 990 imposes, including how to respond to its inquiries. Participants will gain the tax knowledge necessary both to complete Form 990 properly and advise exempt clients on the Form’s complexities and demands.


• Identify which organizations must file returns and which are exempt.• Understand where to file returns, due dates, and amending returns.• Interpret the basics of accounting methods to be used on tax-exempt

returns.• Prepare and use Forms 990, 990-EZ, and related schedules.

Topics Discussed• Tax Issues facing not-for-profits• Form 990 and all related schedules• Keys to getting Form 990 preparation right the first time• Identifying and reporting on related organizations• Compensation reporting• Financial information presentation• Transactions with interested persons• Governance, management, and disclosures

173


AcronymEPE


CPE Credit Hours8


Intended AudienceCPAs, accounting staff, and those new to estate and gift planning and preparation

PrerequisiteNone




Estate Planning Essentials: Tax Relief for Your Clients

Taxation

Designed to eliminate estate problems and “death taxes,” this course emphasizes practical solutions that are cost effective. Shielding your clients’ assets in a changing political environment requires vigilance and an understanding of the shifting rules, exemptions, and allowances. Get a clear picture of present law and learn what you can do to minimize exposure. Those who planned for the possible sunset of the tax exemptions taught us a very valuable lesson: there is a need for expert advice by professionals who are carefully monitoring the situation. Make sure you can be that trusted advisor to your clients!


• Implement recent estate and gift tax changes.• Understand the structure of the estate and gift tax.• Minimize transfer taxes by incorporating exemptions and credits.• Advise clients on filing requirements for Forms 706 and 709.

Topics Discussed• Basic concepts of estate planning• Transfer taxation• Calculation of federal estate tax• Asset valuation and title ownership• Personal gifting and the federal gift tax• Marital and charitable deduction planning• Introduction to wills, intestacy and probate, and the impact on estate

planning• Postmortem planning techniques to minimize taxation• Review of Forms 706 and 709, and their preparation and filing

requirements

174


AcronymGPT


CPE Credit Hours8


Intended AudienceCPAs in industry and public accounting responsible for the payroll tax function or those CPAs advising clients on payroll tax issues

PrerequisiteWorking knowledge of payroll tax issues or payroll type functions




Payroll Taxes and 1099 Issues: Everything You Need to Know

Taxation

This course is designed to provide you with practical pointers for managing the payroll tax and reporting function. Learn how to avoid the frequent penalties in payroll tax reporting and stay up-to-date with the latest information. It also shows how to handle reporting and withholding requirements for employee fringe benefits. Master the often confusing rules for Form 1099-MISC and other information reports including when and how much to report. Make sure you or your clients are in compliance and not subject to IRS penalties!


• Prepare timely and accurate wage and tax reports.• Make timely and accurate payroll tax deposits and payments.• Correctly classify employees and independent contractors for payroll

tax purposes.• Address payroll tax issues involving fringe benefits and their

valuation.• Identify and properly withhold for statutory employees and statutory

non-employees.• Comply with information reporting including the various 1099 Forms

and Form W-2.• Properly report required information for new hires and obtain required

information on work eligibility and identity.• Properly report back employee wages and back-up reporting of

independent contractors.• Properly determine taxable vs. tax free compensation.

Topics Discussed• Update on new changes made to payroll tax legislation for the current

year including changes in health care laws• Review of various websites, forms, publications and other payroll and

benefit tax resources• Properly reporting payroll withholding for various types of

compensation• Understanding the 20 Factor Test for employee classification• Section 530 relief for employers with worker classification issues• Reporting requirements on a quarterly and annual basis• Understanding New Hire Reporting and latest changes in I-9

Reporting to verify employee identity and work eligibility• Forms W-2 and W-3 Issues• How to properly classify employee benefit tax liabilities

175


AcronymHOT


CPE Credit Hours8


Intended AudienceAll practitioners

PrerequisiteBasic understanding of individual and business taxation




Hottest Tax Topics for 2015

Taxation

Two things you can count on are important new tax developments and economic, social, and demographic trends that turn out to have important tax implications. This course highlights the hottest tax topics - those that can change every year and affect many of your clients. Learn how to better advise your clients by offering them the latest tax saving strategies.


• Advise clients on recent tax law changes, tax developments, and taxissues affected by societal and economic trends.

• Recognize new tax planning opportunities as a result of the latest taxlaw legislation.

Topics Discussed• Tax changes for individuals and businesses• Update on bonus depreciation and Section 179 deductions including

resurrected breaks for real estate• Updated estate planning strategies• Dealing with the 3.8% Medicare Surtax on investment income• Dealing with the 0.9% additional Medicare Tax on wages and self-

employment income• Obamacare’s Small Business Healthcare Tax Credit• Court decision tax developments• Tax update for same-sex couples• Update on home ownership tax issues• Update on the worker classification issue• Tax issues from a still-struggling economy

176


AcronymIITW


CPE Credit Hours16


Intended AudienceCPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season

PrerequisiteKnowledge of individual income taxation and Form 1040 preparation



First Offering DateSeptember 15, 2015 (First offering date guaranteed for all orders placed by 2/1/15)

1040 Tax Return Workshop

Taxation

Get your tax return training from the industry’s best! AICPA’s individual tax workshop provides the latest practical insights from nationally recognized tax experts. Reinforce your understanding of frequently used principles, and receive a wealth of tax-planning tips and strategies. Learn how to apply the latest changes when preparing federal income tax returns, and advise clients on new developments and tax-saving ideas for individuals. All key tax return issues are covered during this fast-paced, real-world session. Make sure you are armed with the latest tax guidance as you enter the upcoming tax season!


• Apply the latest changes when preparing federal individual incometax returns.

• Advise individual clients on new developments and tax-saving ideas.

Topics Discussed• New tax developments• Dividends, interest, and planning opportunities• Compensation issues, deferred plans, fringe benefits• Distributions from IRA’s and other qualified plans• Gross income exclusions• Passive losses• Vacation homes, home offices, bad debts• Travel and entertainment• Depreciation and amortization• Gain and loss recognition and basis rules• Property transactions - capital vs ordinary income• HSA’s, SEHI, and other adjustments to income• Alternative minimum tax• New medicare tax on wages

177


Taxation

AcronymINCT

Field of StudyTaxes

CPE Credit Hours 8


Intended AudiencePublic accounting staff, seniors and tax professionals in company finance or tax departments

PrerequisiteBasic knowledge of federal income tax rules




Federal Income Tax Accounting: Maximizing Tax Benefits and Minimizing Tax Costs

While characterization (identifying ordinary income, capital gain, exempt income, deductible expenses, etc.) understandably plays a central role in tax practice, timing issues (when an item is reflected on the tax return) are just as important. Since tax planning often involves deferral rather than exclusion, a solid understanding of income tax accounting rules is essential to maximizing tax benefits and minimizing tax costs. Practitioners are confronted with federal income tax accounting rules that differ substantially from GAAP and mastering those rules is key to adequately advising clients with respect to both compliance and planning opportunities. This course will address the application of a broad spectrum of tax accounting principles every practitioner should know.


• Select and change methods of accounting.• Develop deferral opportunities through the use of available

accounting periods.• Understand the doctrine of constructive receipt.• Apply the all events test to specific cases.• Handle installment sales with contingent price terms.• Utilize inventory cost flow assumptions for maximum tax benefit.• Work with qualified income offsets and minimum gain chargebacks.• Untangle the new repair and capitalization regulations.

Topics Discussed• Methods of accounting• Maximizing tax benefits• Minimizing tax costs• Doctrine of constructive receipt• Installment sales with contingent price terms• Inventory cost flow assumptions• Qualified income offsets• Minimum gain chargebacks• New repair and capitalization regulations

178


AcronymITET


CPE Credit Hours8


Intended AudienceCPAs and financial planners with basic knowledge of federal income tax concepts

PrerequisiteNone




Form 1041: Income Taxation of Estates and Trusts

Taxation

Protect your clients’ assets and shield their estates from increased taxation brought about by the changing tax code. Understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. This course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare Federal Form 1041 and the accompanying schedules.


• Apply the concepts of federal income taxation of estates and trusts.• Calculate the gross income of trusts and estates.• Describe what deductions and credits are allowed for estates and

trusts.• Define distributable net income and understand its significance.

Topics Discussed• How are trusts and estates taxed under the internal revenue code?• What is a trust? What is a “simple trust?” What is a “complex trust?”• How is the “income” of a trust or estate defined for tax purposes?• What are the ordinary deductions and credits allowed?• How is the “deduction for distributions” to beneficiaries determined?• How are trust and estate beneficiaries taxed?• What is a “grantor trust” and how is it taxed?• How to prepare Form 1041

179


AcronymITTF


CPE Credit Hours8


Intended Audience Senior associates through manager in public accounting who assist clients with tax implicationsof their global operations,owners, and CFOs of closelyheld businesses with international operations

PrerequisiteStrong knowledge of U.S. Income taxation




International Taxation

Taxation

Get a solid understanding of international tax terminology and regulations that apply to a U.S. entity involved in global operations, or for a foreign entity doing business in the U.S. Whether your organization is contemplating a global move or is already involved in international business, you need to know about the activities that create multi-jurisdictional tax exposure and the required tax reporting for each relevant jurisdiction.


• Apply basic foreign tax law fundamentals to properly serve clients thatrequire international tax compliance.

• Comply with U.S. tax reporting requirements for inbound andoutbound transactions and operations.

• Source income to a foreign jurisdiction.• Determine the required allocation and apportionment of deductions to

foreign sourced income.• Analyze which foreign taxes are creditable to the U.S. tax bill.• Report foreign bank accounts and investments in jurisdictions

including FATCA rules.• Describe the U.S. tax reporting requirements for foreign affiliates.• Structure transactions and/or business operations of foreign-based

service businesses entering the United States.• Evaluate the effect of treaties on the taxation of your client’s foreign

based income activities.

Topics Discussed• Export income• Receipts in foreign currency• Allocation and apportionment of deductions• U.S. foreign tax credit – fundamentals and special rules• Initiation of foreign operations• Foreign branches and affiliated companies• Sale of use of tangible property• Foreign business operations in the United States• Foreign business sales of tangible property in the United States• Foreign business provision of services in the United States• Exploitation of business assets outside of the United States• Use of foreign tangible/intangible property in the United States• U.S. withholding taxes on foreign businesses

180


AcronymMIT


CPE Credit Hours8


Intended Audience Experienced tax professionals and accountants; private industry accounting and finance managers

PrerequisiteExperience in corporate taxation




Multistate Income Tax

Taxation

You can conquer the theoretical conundrums and compliance issues caused by the question of whether or not a business has nexus in a particular jurisdiction. Be the one to guide your client skillfully through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities. With the rate of change, you can’t afford to be out-of-date with your knowledge of this critical tax area.


• Describe the key principles of multistate taxation.• Advise clients on the implications of establishing nexus in various

taxing jurisdictions.• Analyze client operations and devise strategies that will minimize their

client’s overall sales and/or income tax liability.• Gauge the impact recent judicial rulings in various states on client

operations.• Determine to what extent the state taxation of internet based

transactions may impact current and future client activities.

Topics Discussed • Constitutional limits and P.L. 86-272• Nexus, UDITPA, MTC• Calculation of state taxable income• Filing methods for multistate taxpayers• Apportionment and allocation• Multistate income tax planning• Audit defense strategies

181


AcronymNXUP


CPE Credit Hours8


Intended AudienceCPAs in public practice who want to expand the scope of services they provide to clients and CPAs in industry who want to understand their exposure to nexus issues

PrerequisiteBasic knowledge of multistate tax issues




Nexus Update: Latest Developments in State Income, Franchise, and Sales Taxes

Taxation

The barriers to doing business across state lines have significantly decreased in recent years. However, this creates additional issues for taxpayers and their preparers in determining where and when they have nexus in a state which would require them to file either state income tax or sales tax returns. This class will not only help equip you in learning the various ways that states define and enforce nexus but also in how to determine when your company or client has nexus in a state, thus requiring the filing of tax returns.


• Know what questions to ask clients to help them determine if theyhave nexus for income or sales tax and how to assess the answer.

• Understand the current tax law issues.• Provide consulting and planning alternatives for clients.

Topics Discussed• Understand the history of nexus issues, including court cases and the

new “expanded views” that states are taking• Learn to examine the operational activities of your clients through the

use of checklists and questionnaires to help them determine if theyhave nexus for income, franchise, and sales taxes and how to assesstheir nexus.

• Participate in case studies designed to give you the skills you need todetermine if a client has nexus for income, franchise and sales tax

• Discuss up-to-the-minute developments in Internet sales andaggressive law changes in certain states to collect sales tax from thisgroup

• Explore planning opportunities to avoid nexus• Examine whether client affiliates and agents can draw your client into

battle with various states• Discuss the alternatives available once a client has determined that

they have nexus in a state

182


AcronymPSAS


CPE Credit Hours8



PrerequisiteExperience in business taxation and mergers & acquisitions




Advanced Mergers, Acquisitions, and Sales of Closely Held Businesses

Taxation

If you ever wanted to know the mechanics of buying, selling or merging companies, this course offers key insights into the transaction marketplace. This material is aimed at a broad audience of business owners, senior managers, chief financial officers, advisors to closely held businesses, bankers, auditors and attorneys. Business transactions are marquee events in the history of most closely held businesses, and therefore, demand inordinate attention to detail and process. Many skill sets are involved in this process and topics such as negotiations, business valuations, strategic thinking, finance, family businesses, accounting, taxes and group dynamics are covered. Follow real-life case analysis to gain strategic insights into the fascinating transaction marketplace.


• Establish transaction strategy and structure.• Apply an effective process to establish transaction “price.”• Master the common elements in negotiated transactions.• Get better results through comparing asset and stock transactions.• Save a business for its employees or for the family.

Topics Discussed• Due diligence procedures and inquiries• Transaction valuation fundamentals• Negotiation strategies• Reviewing terms of the deal• Deal structure• Tax issues for stock based transactions• Tax issues for asset sale/purchase transactions• Transaction costs and tax treatment• Tax effects of acquisitive reorganizations• Tax effects of restructuring reorganizations• The industry roll-up• Transactions between family members• Uses of an ESOP and related tax impact

183


AcronymPTU


CPE Credit Hours8


Intended Audience Public accounting senior associates, managers, and partners; tax professionalsin company finance or taxdepartments

PrerequisiteTwo years of tax experience




AICPA’s Annual Federal Tax Update

Taxation

Save time and keep current on the latest tax developments! This comprehensive course covers all legislative, judicial, and IRS developments of the past year with a focus on implementation and compliance. Discover how to effectively and confidently complete tax-planning and compliance engagements. Cover current developments affecting individuals (including those regarding income, deductions and losses, tax calculations, individual credits, filing matters), business entities (including those regarding S Corporations and their shareholders, C Corporations, partnerships), estates and trusts, retirement plans, and more.


• Identify planning strategies and compliance actions resulting from thelatest changes to federal tax statutes, regulations, cases, and rulings.

Topics Discussed• Return preparation applications• Strategies for tax savings• Business entity changes• The new reality of estate planning• Income taxation of estates and trusts• IRS administrative issues, compliance, and new forms• Court cases settled in the last year that provide tax return guidance• Position authority• IRS rulings, procedures and notices for the last year• New tax return disclosures

184


AcronymSCORP


CPE Credit Hours8


Intended Audience Staff and senior associates in public accounting who assist clients with tax compliance for closely held S Corporations

PrerequisiteNone




S Corporations: Key Issues, Compliance, and Tax Strategies

Taxation

Get the knowledge you need to speak effectively to new and current clients about how you can make the S Corporation business model work for them. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass-through entity over the C Corporation. Discuss the most misunderstood areas of S Corporations taxation and how businesses and shareholders can use them to their advantage.


• Determine the advantages of electing S Corporation status.• Identify the requirements to qualify for an S Election.• Recognize individuals and entities that are eligible to own S

Corporation stock.• Determine how to make a proper S Corporation election.• Determine income or loss that passes through to the shareholder.• Define and explain the complex rules of distributions.• Recognize active and passive income and determine material

participation.• Describe the Section 179 deduction.

Topics Discussed• S Corporation qualifications• Election of S Corporation status• Termination or revocation of S Corporation status• Pass-through of income and loss items to the shareholder• Distributions to S Corporation shareholders• Reporting and filing requirements• Choice of year-end• Shareholder basis

185


AcronymSTSB


CPE Credit Hours8


Intended Audience CPAs looking for innovative tax planning and savings techniques to solve client problems





Slashing Taxes for Your Small Business Clients: Corporations, Partnerships, & LLCs

Taxation

Solid tax planning strategies are essential for your corporate and small business clients. Join us as we explore state-of-the-art planning ideas and tax-saving strategies to keep more of your client’s money in their pockets. We’ll answer the tough questions and show you what strategies are best for your clients as a result of the most recent tax reform.


• Solve the unique tax problems affecting small businesses.• Identify savings opportunities and pinpoint tax traps.• Substantially cut your small business clients’ tax bills.

Topics Discussed• Business tax changes in recent legislation, court decisions, and IRS

guidance• Impact of new 0.9% and 3.8% Medicare taxes on business owners• C corporation moves to avoid potentially higher individual tax rates• Managing Section 1231 losses and gains for optimal tax results• Perfect storm for loans from corporations to shareholders• Update on passive loss rules for LLC members• Minimizing SE tax for LLC members• Husband-wife businesses: tax-saving strategies• The 100% gain exclusion for qualified small business corporation

stock• When to switch from C Corporation to S Corporation status (or not)• Fringe benefit planning for partners and S corporation shareholder-

employees• Update on reasonable compensation for C and S corporation

shareholder-employees• Advantages of including debt in corporate capital structures• Converting corporation into LLC or LLP: tax implications• Ownership exit strategies including family corporations and divorce

situations

186


AcronymTILA


CPE Credit Hours8


Intended Audience Tax practitioners and employers who have foreign clients or employees, or U.S. clients or employees living overseas

PrerequisiteNone




Taxation for Individuals Living Abroad

Taxation

Advocate for your clients who live abroad and protect their assets from excessive taxation. As your clients become increasingly global in their employment, investment, and retirement opportunities, their tax exposure becomes more complex, placing expectations on you to guide them through the multinational tax matrix. Learn about the tax issues facing U.S. citizens living overseas and foreign nationals living in the United States. Explore tax issues related to cross-border employment, business, and investment activities and discover new strategies to minimize the potential for double taxation by two or more countries.


• Advise current and prospective clients on the tax issues they mayconfront when living a global lifestyle.

• Determine residency status.• Determine what sources of income are included and not included in

taxable income.• Define effectively connected income (ECI) and how it impacts the

taxation of nonresident aliens.• Identify tax issues with taxation of dual-status individuals.• Identify structuring alternatives between the home and host country

for an expatriate assignment.• Determine Section 911 exclusions.

Topics Discussed• Foreign nationals• Requirement for foreign nationals to file U.S. individual income tax

return• Concept of world-wide income and interaction with foreign tax credits• FDAP (fixed, determinable, annual, periodical income), effectively

connected income, and sourcing rules• Withholding rules, engagement in trade or business, and real property

interest of foreign investors in the U.S.• Tax effects of tax treaties• U.S. citizens• Issues facing U.S. citizens living overseas (expatriates) including

earned income and housing exclusion, sourcing of income,deductions, credits, and tax withholding

• Tax planning opportunities and filing requirements facing U.S.expatriates

• Responsibility for reporting existence of foreign financial assets

187


AcronymTLLLO


CPE Credit Hours8


Intended Audience Public accounting staff, seniors, and tax professionals in company finance or tax departments

PrerequisiteNone




Taxation Essentials of LLCs and Partnerships

Taxation

Is LLC and partnership taxation something new to you? Perhaps you have worked in this area for years but need a quick review of the fundamental concepts? Build a foundation of knowledge or freshen up your skills. This course addresses the tax consequences of the most common transactions engaged in by LLCs and partnerships – from formation of the entity to the reporting and allocation of partnership/LLC income or loss to distributions and compensatory payments to partners or LLC members. Develop a level of comfort with the basic conceptual framework underlying partnership and LLC taxation, with an emphasis on explaining the tax consequences associated with issues that are most frequently confronted by tax practitioners.


• Recognize differences among the various types of partnerships andan LLC.




• Distinguish between distributions and compensatory payments topartners and recognize tax consequences of each type of payment.

• Apply the at-risk and passive activity loss limitations to pass-throughlosses from partnerships and LLCs.

Topics Discussed• Tax structure of partnerships and LLCs• Tax consequences of Partnership or LLC formation• Partnership distributions• Compensatory payments to partners• At-risk and passive activity limits• Overview of profit and loss allocations• Reporting taxable income for partnerships and LLCs

188


AcronymTSUI


CPE Credit Hours8


Intended AudienceTax practitioners in public practice and industry that need to stay on top of the latest changes in federal tax law for individuals and sole proprietors

PrerequisiteFamiliarity with federal tax issues for individuals




Annual Tax Update: Individuals and Sole Proprietors

Taxation

Get ready for the upcoming tax season! This comprehensive course presents what’s new and what has changed in the federal individual income tax arena. It brings you up-to-the-minute guidance on the latest tax legislation, court decisions and IRS pronouncements. Gain practical insights and valuable tax-saving strategies from AICPA’s seasoned tax professionals who know what the new laws, rules, and court rulings can mean for real-world taxpayers. With the ever changing tax laws and their increased complexity, you can’t afford to miss this course!


• Identify and comply with the latest requirements resulting from federaltax statutes, regulations, cases, and rulings.

• Utilize new planning ideas for individuals and sole proprietorsresulting from recent tax changes.

Topics Discussed• Latest tax legislation, court rulings, and IRS pronouncements related

to individuals and sole proprietors• Practical return preparation tips• Latest developments for pass-through entities that affect Schedule C

and Schedule E• Tax-saving ideas• Unique Insights into new planning strategies• Latest IRS rulings impacting individuals• DOMA and its impact on taxes• Latest developments on estates, gifts, and trusts• Depreciation and amortization

189

143Copyright 2014 AICPA • Unauthorized Copying Prohibited

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Accounting Methods and Periods ............................................................................................. 191Advanced Estate & Trust Taxation ............................................................................................ 192Advanced Income Tax Accounting ............................................................................................ 193Advanced Individual Taxation .................................................................................................... 194Advanced Mergers, Acquisitions, & Sales ................................................................................ 195Advanced Taxation Partnerships & LLCs .................................................................................. 196Advanced Tax Planning S Corporations ................................................................................... 197Capitalized Costs and Depreciation .......................................................................................... 198Choice of and Formation of Entity ............................................................................................. 199Estate & Trust Primer ................................................................................................................ 200Form 990 Basics ....................................................................................................................... 201Income Tax Accounting ............................................................................................................. 202Individual Tax Fundamentals ..................................................................................................... 203International Taxation ................................................................................................................ 204Introduction to Business Acquisitions ........................................................................................ 205IRS Audits .................................................................................................................................. 206Multistate Taxation ..................................................................................................................... 207S Corporation Fundamentals .................................................................................................... 208Skills to Desk – Business Writing .............................................................................................. 209Skills to Desk – Communications .............................................................................................. 210Tax Accounting for Inventories .................................................................................................. 211Tax Fundamentals of LLCs and Partnerships ........................................................................... 212Tax Research I .......................................................................................................................... 213Tax Research 2 ......................................................................................................................... 214Taxation of Corporations ........................................................................................................... 215Taxation of Property Transactions ............................................................................................. 216Workpaper Documentation ....................................................................................................... 217

Table of Contents

Tax Staff Essentials

Four Progressive Levels

Tax Staff Essentials is a comprehensive training program developed by the AICPA to meet the unique training needs of your firm. The content is arranged in four progressive levels to take your staff from entry-level through manager with application-based learning that focuses on practical solutions to real-life issues. The curriculum includes modules not offered in our group study catalog, e.g. tax research. Firms may select only targeted modules necessary to improve the skills of their employees.

The ‘mix and match’ curriculum is customizable to the extent that a client can choose all or some of the modules offered in the program. In addition, firms will have the opportunity to insert their own training aides and to discuss specific client examples into the modules.

143Copyright 2014 AICPA • Unauthorized Copying Prohibited


Accounting Methods and Periods ............................................................................................. 144Advanced Estate & Trust Taxation ............................................................................................ 145Advanced Income Tax Accounting ............................................................................................ 146Advanced Individual Taxation.................................................................................................... 147Advanced Mergers, Acquisitions, & Sales ................................................................................ 148Advanced Taxation Partnerships & LLCs.................................................................................. 149Advanced Tax Planning S Corporations ................................................................................... 150Capitalized Costs and Depreciation.......................................................................................... 151Choice of and Formation of Entity............................................................................................. 152Estate & Trust Primer ................................................................................................................ 153Form 990 Basics ....................................................................................................................... 154Income Tax Accounting ............................................................................................................. 155Individual Tax Fundamentals..................................................................................................... 156International Taxation ................................................................................................................ 157Introduction to Business Acquisitions........................................................................................ 158IRS Audits.................................................................................................................................. 159Multistate Taxation..................................................................................................................... 160S Corporation Fundamentals .................................................................................................... 161Skills to Desk – Business Writing.............................................................................................. 162Skills to Desk – Communications.............................................................................................. 163Tax Accounting for Inventories .................................................................................................. 164Tax Fundamentals of LLCs and Partnerships ........................................................................... 165Tax Research I .......................................................................................................................... 166Tax Research 2 ......................................................................................................................... 167Taxation of Corporations ........................................................................................................... 168Taxation of Property Transactions............................................................................................. 169Workpaper Documentation ....................................................................................................... 170

Table of Contents




Accounting Methods and Periods ............................................................................................. 144Advanced Estate & Trust Taxation ............................................................................................ 145Advanced Income Tax Accounting ............................................................................................ 146Advanced Individual Taxation.................................................................................................... 147Advanced Mergers, Acquisitions, & Sales ................................................................................ 148Advanced Taxation Partnerships & LLCs.................................................................................. 149Advanced Tax Planning S Corporations ................................................................................... 150Capitalized Costs and Depreciation.......................................................................................... 151Choice of and Formation of Entity............................................................................................. 152Estate & Trust Primer ................................................................................................................ 153Form 990 Basics ....................................................................................................................... 154Income Tax Accounting ............................................................................................................. 155Individual Tax Fundamentals..................................................................................................... 156International Taxation ................................................................................................................ 157Introduction to Business Acquisitions........................................................................................ 158IRS Audits.................................................................................................................................. 159Multistate Taxation..................................................................................................................... 160S Corporation Fundamentals .................................................................................................... 161Skills to Desk – Business Writing.............................................................................................. 162Skills to Desk – Communications.............................................................................................. 163Tax Accounting for Inventories .................................................................................................. 164Tax Fundamentals of LLCs and Partnerships ........................................................................... 165Tax Research I .......................................................................................................................... 166Tax Research 2 ......................................................................................................................... 167Taxation of Corporations ........................................................................................................... 168Taxation of Property Transactions............................................................................................. 169Workpaper Documentation ....................................................................................................... 170

Table of Contents


190



AcronymTSE.AMP


CPE Credit Hours 2


Intended AudienceTax professionals in public accounting: seniors, supervisors, and managers

Tax professionals within corporate finance or tax departments

PrerequisiteThree to five years of taxexperience



First Offering Date May 15, 2015

Accounting Methods and Periods

This course provides participants with an overview of the various factors considered for the determination of the proper accounting method (such as cash, accrual) and provides detailed examples of court rulings and client examples (for specific industries) involving each.

Then, the course discusses accounting periods, and considerations for changes in the accounting period of an entity. Lastly, there is a case study and example tax forms to highlight how to identify which IRS Revenue Procedures are applicable to a given client situation, as well as how and when to prepare the Form 3115.


• Recognize when the use of the cash method is appropriate.• Understand and apply the basic rules for a change in accounting

method.• Choose a proper accounting period under the federal tax rules.• Identify which IRS Revenue Procedure(s) provides the guidance for a

given scenario for a taxpayer to change their accounting method withthe IRS.

• Prepare the Federal Form 3115 – Application for Change inAccounting Method and understand how and when this form shouldbe filed by the taxpayer.

Topics Discussed• What constitutes a method• Cash versus accrual• Automatic changes• Changes needing permission• When and how to change a method• How to account for the change in method

191



AcronymTSE.ETT


CPE Credit Hours 4


Intended AudienceCPAs, professional accountants with fiduciary tax experience, financial advisors, and estate attorneys

PrerequisiteBasic knowledge of estate and gift taxation or completion of AICPA course Estate & Trust Primer (TSE.ETP)




Advanced Estate & Trust Taxation

This comprehensive course offers the participant an understanding of the federal income taxation of trusts and decedents’ estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. We will also discuss some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.


• Understand what various types of trusts and life insurance may beused in an effective estate plan.

• Utilize available credits and deduction provisions in the 2010 TaxRelief Act to reduce estate and gift taxes for years before 2013.

• Minimize estate and gift transfer taxes via planning techniques andopportunities.

Topics Discussed• Grantor trusts• Intrafamily Property Transfers• Asset protection• Self-cancelling installment notes (SCIN)

192

• Eligible Small Business Trusts (ESBTs)• Property Ownership and Powers of Appointment• Life Insurance Contracts in Estate Planning



AcronymTSE.ADVTA


CPE Credit Hours 8


Intended AudienceCPA firm auditors or tax managers, and partners and experienced accountants in industry who are involved in financial reporting for income taxes

PrerequisiteExperience in financial reporting and basic knowledge of ASC 740 (SFAS No. 109)




Advanced Income Tax Accounting



• Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) tonew and challenging situations.

• Identify the similarities and differences between U.S. GAAP and IFRSwith deferred tax implications.

• Apply ASC 740 to state and local income tax complexities.• Determine the applicable tax rate for complex situations.• Schedule temporary differences in various complex situations.• Apply ASC 740 to changes in tax laws or rates, accounting methods,

tax status, and interim periods.• Apply ASC 740 to ASC 805, Business Combinations, and ASC 810,

and non-controlling Interests in Consolidated Financial Statements.• Apply intraperiod tax allocation with a five-step approach for more

complex situations.• Apply ASC 740 to stock-based compensation issues.• Compute the valuation allowance considering items that reduce the

need for an allowance.

Topics Discussed• ASC 740• Comparison of ASC 740 to IAS 12• Intra-period tax allocation• Business combinations

193



AcronymTSE.AIT


CPE Credit Hours 8


Intended AudienceCPAs looking for innovative tax-planning techniques to help clients stay ahead of the curve in today’s challenging environment





Advanced Individual Taxation

Get the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this course will bring you up-to-date on ways to save taxes with strategies for retirement savers, investors, homeowners, income real estate investors, college savers, small business owners, and just about anyone who pays income taxes.


• Respond to tax-law and economic developments with up-to-datestrategies that save taxes for individual clients.

• Render appropriate federal income tax advice to clients who areseparated, divorcing, or already divorced.

• Implement strategies for high-wealth clients, those approachingretirement, homeowners, parents of college-bound children,employees, self-employed individuals, and seniors.

• Understand how to use IRAs in strategic tax planning.

Topics Discussed• Planning techniques for college expenses• Vacation homes, timeshares, and co-owned property• Critical tax angles for divorcing clients• Using IRAs in strategic plans• Minimizing taxes for high-wealth clients• Tax decisions for medical expenses, filing status• How new tax developments affect individuals• Integrating tax-saving strategies into tax plans

194



AcronymTSE.ADVMA


CPE Credit Hours 8



PrerequisiteIntroduction to BusinessAcquisitions (TSE.IBA)




Advanced Mergers, Acquisitions, & Sales

This information will enable participants to provide expert tax planning services to clients or to key management within company finance operations. Case studies will show comparative calculations so that participants are able to explain the benefits of one option over another in a way that shows both the economic and the tax impact.


• Understand what various types of trusts and life insurance may beused in an effective estate plan.

• Utilize available credits and deduction provisions in the 2010 TaxRelief Act to reduce estate and gift taxes for years before 2013.

• Minimize estate and gift transfer taxes via planning techniques andopportunities.

Topics Discussed• Understanding the transaction tax environment••

Transaction structure: “The art of the deal”

•Specialty transaction: ESOPSpecialty transaction: The industry “roll-up”

195



AcronymTSE.APL


CPE Credit Hours 8


Intended AudienceCPA firm seniors (and above) and other tax practitioners who prepare partnership returns and advise clients on LLC and partnership issues

PrerequisiteIntermediate knowledge of pass-through entities




Advanced Taxation Partnerships & LLCs

LLCs and partnerships are based upon intricate Treasury rules and regulations. A successful CPA must understand and be able to advise clients to apply these rules properly. Learn their business activities to minimize their tax burden. Learn to recognize the provisions necessary in an LLC or partnership agreement to sustain special allocations of income or loss. Partnerships and LLCs are subject to highly specialized rules regarding the allocation of gain, loss, depreciation, and other tax attributes associated with contributed property. Complex rules also apply to the allocation of recourse and non-recourse liabilities. When a partner or LLC member decides to withdraw some or all of his/her capital investment in the entity, the potential tax consequences often require serious attention. Move your working knowledge of partnership and LLC taxation beyond the basics.


• Allocate income, gain, loss and deduction among partner/membersto reflect their agreed-upon interests properly in partnership or LLCeconomic activities.

• Assess the risks taken by investors with respect to their investment ina partnership or LLC and allocate the entity’s liabilities accordingly.

• Determine the consequences of selling a partnership or LLC interest.• Learn how to calculate the basis of partnership or LLC following

distributions of multiple properties.• Plan for the effects of a distribution of multiple properties.• Make elections to protect partners and LLC members from

unwelcome future consequences arising from current distributions,sales, and/or transfers of interests in the partnership.

Topics Discussed• Allocation of income under Section 704(b)• Allocation with respect to contributed property• Allocation of recourse and nonrecourse liabilities• Advanced distribution rules• Adjustments to basis of partnership/LLC assets• Sale of an interest in a partnership or LLC

196



AcronymTSE.ATPSC


CPE Credit Hours 8


Intended AudienceManagers and partners in public accounting who assist clients with tax planning for closely held S corporations

PrerequisiteIntermediate knowledge of pass-through entities

Advanced PreparationS Corporation Fundamentals (TSE.SCF)



Advanced Tax Planning S Corporations

This course helps participants recommend tax positions given the Internal Revenue Service focus on S corporations. This course is highly useful during annual tax planning for the closely-held business operating (or considering operating) as an S corporation. Proven tax-planning techniques are reviewed as refreshers for manager and partner participants.


• Apply the rules related to acquisitions and liquidationsof S corporations.

• Employ Compensation Planning for S Corporations• Summarize the complex rules of basis and distributions.• Compare and contrast Liquidations, Reorganizations,

and Redemptions

Topics Discussed• Compensation Planning• Distributions of Qualified Subchapter S Subsidiaries (QSUB)• Basis in S Corporation Stock• Liquidations, Reorganizations, and Redemptions

197



AcronymTSE.CCD


CPE Credit Hours 6


Intended AudiencePublic accounting staff and senior associates, tax professionals in company finance or tax departments

PrerequisiteNone




Capitalized Costs and Depreciation

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions, and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C corporations and S corporations.


• Calculate the initial tax basis and adjusted tax basis of businessproperty.

• Determine the tax basis of self-constructed assets.• Distinguish between deductible repairs and capitalized improvements

under new tax provisions.• Classify expenditures for tax purposes properly.• Apply recent changes in the tax rules to classification of expenditures

and tax result.• Recognize deduction recognition issues related to amortization.• Understand the fundamentals of the MACRS system of depreciation/

cost recovery.• Recognize eligibility for immediate §179 expensing.

Topics Discussed• Capital improvements and repair• Adjusted tax basis• Transfers of Property for an Ownership Interest• Salary and Self Employment Tax Issues• Depreciation methods• IRS tables

198

• Allocations in Flow-through Entities• Tax Effects of S Corporation and Partnership Distributions



AcronymTSE.CFE


CPE Credit Hours 4


Intended AudiencePrimarily managers and partners in public accounting, CFOs, controllers, and business owners

PrerequisitePass-Through Entities IncomeTax Boot Camp, S Corporation Fundamentals, and 2013Corporate Income Tax Boot Camp or at least three years of tax services experience (PFIT)




Choice of and Formation of Entity

This course will arm the participant with clarity about alternatives regarding choice of entity. Participants will be empowered to have more focused discussions with their clients and to offer recommendations to those clients who own businesses or are planning to do so.


• Understand the types of business entities and the tax advantagesand disadvantages of each.

• Identify circumstances that warrant converting from S to Ccorporation and gain a basic understanding of how to make theconversion.

• Interpret tax issues related to the formation of a corporation.• Evaluate other considerations regarding different entities and the

impact on the business owner.

Topics Discussed• Types of entities• Formation and elections• Start-up and organization costs• Advantages and disadvantages comparison

199



AcronymTSE.ETP


CPE Credit Hours 8


Intended AudienceCPAs, professional accountants with fiduciary tax experience, financial advisors, and estate attorneys

PrerequisiteBasic knowledge of estate and gift taxation




Estate & Trust Primer



• Understand the concept of a trust and the various types of trusts.• Advise clients on filing requirements for Forms 706 and 709.• Identify the elements of an estate and grantor trusts.• Minimize transfer taxes by incorporating exemptions and credits.• Understand statutory provisions that mandate or protect interests of a

decedent’s spouse and/or children.

Topics Discussed• Types of trusts• Trustee powers• Recognition and realization of income• Elements of an estate• Taxation of Trusts and Estates• Basic concepts of estate planning

200



AcronymTSE.F9B


CPE Credit Hours 8


Intended AudienceCPAs, attorneys, and nonprofitManagers

PrerequisiteBasic knowledge of the Form 990




Form 990

Discover the basic tax information and understanding of nonprofit organization issues you need to prepare the current Form 990. This course will cover the numerous tax reporting demands the 990 imposes, including how to respond to its inquiries. Participants will gain the tax knowledge necessary both to complete Form 990 properly and advise exempt clients on the Form’s complexities and demands.


• Recognize which organizations must file returns and which areexempt.

• Identify where to file returns, due dates, and amending returns.• Interpret the basics of accounting methods to be used on tax-exempt

returns.• Prepare and use Forms 990, 990-EZ, and related schedules.

Topics Discussed• Tax Issues facing not-for-profits• Related Organizations• Form 990 and all related schedules

201

• Compensation Reporting• Program Service Accomplishments• Transactions with Interested Persons• Governance, Management, and Disclosures



AcronymTSE.ITA

Field of StudyAccounting

CPE Credit Hours 8


Intended AudienceStaff and senior associates in public accounting who assist clients with income tax calculations and disclosures

Controllers, CFOs, or company officers responsible for the calculation of income tax expense and balance sheet amounts, related disclosures, and cash requirements for income taxes

PrerequisiteBasic knowledge of ASC 740




Income Tax Accounting

This course contains the framework of the rules of ASC 740 and how these are manifested in accounting for income taxes, including the statement of financial position classification of deferred tax accounts and disclosures. The course includes case studies of actual scenarios.


• Calculate income tax expense for financial statement purposes.• Identify and classify deferred tax assets and deferred tax liabilities.• Complete a worksheet that provides documentation for the reporting

and disclosure requirements and for the preparation of requiredjournal entries.

• Account for operating loss carryforwards and tax credit carryforwards.• Compute the valuation allowance with consideration given to items

that are allowed to reduce the need for an allowance.• Apply concepts to practical situations.

Topics Discussed• Permanent and timing differences• Income tax expense• Effective tax rate• Current income tax liability• Deferred income tax assets and liabilities• Tax basis balance sheet

202



AcronymTSE.ITF


CPE Credit Hours 16


Intended AudienceCPAs and accountants newto taxation

PrerequisiteNone




Individual Tax Fundamentals

This course provides participants up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals. Ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans.


• Determine the filing status and interpret the filing requirements forindividual taxpayers.

• Recognize when the Healthcare Reform Acts' (HCRA) MedicarePayroll Tax will impact an individual

• Discuss alternatives in reporting in order to reduce the income tax foran individual.

• Analyze and report the business income and expenses of a soleproprietorship or a single member LLC on Schedule C to the Form1040.

• Identify the applicability of the HCRAs' Medicare tax on NetInvestment Income

• Interpret and report the rental activities on Schedule E to the Form1040.

• Identify the specific rules that apply under the “passive activity” rules.• Identify and calculate the business deduction for home office

expenses and deduction limitations.• Apply the specific rules for the deductibility of travel and

entertainment expenses as they relate to business or rentaltransactions in preparing income tax returns.

• Determine if a change of filing status will improve the filing position fortaxpayers based on the list of itemized deductions.

• Gather the necessary information required to include the claim for thetax credit in the individual income tax return.

Topics Discussed• Filing requirements and personal exemptions• Gross income inclusions, exclusions, and adjustments• Sole proprietorships and hobby loss rules• Home offices, rental properties, and vacation homes• Passive activities• Principal residence sale• Travel and entertainment• 0.9% Medicare Payroll Tax• Tax, AMT, and tax credits

203

• 3.8 % Net Investment Income Tax



AcronymTSE.INT


CPE Credit Hours 8


Intended AudienceSenior associates through manager in public accounting who assist clients with tax implications of their global operations, owners, and CFOs of closely held businesses with international operations

PrerequisiteStrong knowledge of U.S. income taxation




International Taxation

This course is an overview to introduce the terminology and basic rules for the U.S. tax implication for an entity that is contemplating or already involved in global enterprise and for a foreign entity doing business in the U.S. The course content will help you identify the activities that create multi-jurisdictional tax exposure and the required tax reporting for the foreign taxing jurisdiction.


• Understand how to comply with U.S. tax reporting requirements forinbound and outbound transactions and operations.

• Learn how income is “sourced” to a foreign jurisdiction.• Determine the required allocation and apportionment of deductions to

foreign sourced income.• Analyze which foreign taxes are creditable to the U.S. tax bill.• Learn how to report foreign bank accounts and investments in

jurisdictions including FATCA rules.• Describe the U.S. tax reporting requirements for foreign affiliates.• Develop an awareness of alternative organizational structures for

international operations.• Learn how to structure transactions and/or business operations of

foreign-based service businesses entering the United States.• Understand the effect of treaties on the taxation of foreign based

income activities.

Topics Discussed• Taxation of export Income• Allocation and apportionment of deductions• U.S. foreign tax credit• Treaties• Reporting foreign assets• Foreign branch and affiliates• Subpart F and personal holding company income• Foreign business operation in the U.S.• Foreign tangible and intangible property in U.S.• FATCA

204



AcronymTSE.IBA


CPE Credit Hours 8


Intended AudienceSenior tax professionals in public accounting who assist clients with transactions for closely held entities

PrerequisiteBasic knowledge of business acquisitions




Introduction to Business Acquisitions

This course provides the participant with a foundation of knowledge about the most common types of business acquisitions that a business owner may utilize or be a party to over the life of the business. In this course participants will gain a working knowledge sufficient to prepare basic tax models for business acquisitions and obtain data necessary to complete an analysis/comparison and recommendation for a course of action.


• Understand the basic steps in a business acquisition.• Be acquainted with the team of advisers involved with the transaction.• Understand due diligence procedures and transaction documentation.• Analyze the three principle approaches to valuation of a business.• Identify key buyer groups and the impact of a sale on them.• Structure compensation alternatives for individual buyers and sellers.• Learn how CPAs and other advisors can offer the highest value

services to clients.

Topics Discussed• Transaction basics• Due diligence• Asset versus stock based transactions• Transaction terms• Buyer and seller best practices

205



AcronymTSE.IRS


CPE Credit Hours 4


Intended AudienceSenior tax professionals in public accounting

PrerequisiteBasic knowledge of general proceedings of IRS audits




IRS Audits

Internal Revenue Service audits (or “exams” in IRS lingo) are an integral part of the tax compliance landscape. Although statistically few returns are selected for exam each year, this fact tends to be of little comfort to the taxpayer who has won the “audit lottery.” While CPAs cannot do much to prevent a client’s return from being audited, they can perform a valuable service by assuring that the exam is no more of a burden on the client than is necessary and that the client’s rights and interests are adequately safeguarded. Accomplishing this objective begins with a familiarity with the audit process.


• Evaluate IRS audit trends and the audit selection process.• Understand the types of IRS audits.• Determine when IRS requests could be challenged.• Become familiar with the timing, scope, and location of various IRS

audits.• Understand IRS audit techniques and inquiries and appeal rights.• Manage the information document request process and evaluate the

contents of a revenue agent report (RAR).• Understand how to update/amend related state income tax returns as

affected by the Federal RAR.

Topics Discussed• RAR: Revenue Adjustment Report• Preparing responses• Accounting for audit adjustments• Amended state tax returns

206



AcronymTSE.MST


CPE Credit Hours 6


Intended AudienceExperienced accountants and private industry managers

PrerequisiteExperience in corporate taxation




Multistate Taxation

Multistate taxation has become one of the hottest areas in the tax arena. The recent decline in state revenues and the increased audit activity by the states means both increased problems and opportunities. Mastering both the theoretical disputes and the “nuts and bolts” of compliance is essential to success. Gain the skills necessary to navigate through this maze of multistate corporate taxation. Develop a working knowledge of both multistate tax compliance and related planning opportunities. Focus on the essentials of multistate corporate income taxation as well as the apportionment and allocation of partnership, LLC, and corporate income taxes. Through this course, you will not only solidify the basic principles, but you will also receive the latest updates on economic and affiliate nexus, the impact of e-commerce and Internet and other laws, regulations, and court cases. Develop basic approaches to state income tax planning and gain crucial insight about industry-specific state laws.


• Understand the key principles of multistate taxation.• Assess the impact of the latest nexus issues, laws, regulations, and

court cases.• Identify the effects of multistate activity.• Distinguish deductible from non-deductible state income taxes.• Gain insight into state tax laws affecting specific industries.• Distinguish differences between apportionment and allocation of

income.• Develop basic approaches to state income tax planning with

emphasis on the latest developments in economic nexus.

Topics Discussed• Constitutional limits and P.L. 86-272• Nexus, UDITPA, MTC• State modifications• Apportionment and allocation• Non-business income• Net operating losses

207



AcronymTSE.SCF


CPE Credit Hours 8


Intended AudienceStaff and senior associates in public accounting who assist clients with tax compliance for closely held S corporations

PrerequisiteNone




S Corporation Fundamentals

This course is a comprehensive introduction to the nature of S corporations and how they are treated for income tax purposes. We will examine some of the advantages and disadvantages of incorporation and then go through the requirements for electing to be an S corporation. We will also review the rules for operating an S corporation.


• Determine when an S Corporation may be advantageous for abusiness.

• Identify the requirements that must be met to qualify as an Scorporation.

• Recognize individuals and entities that are eligible to own Scorporation stock.

• Determine how to make a proper S corporation election.• Determine income or loss that passes through to the shareholder.• Define and explain the concept of distributions.• Recognize active and passive income and determine material

participation as it relates to an individual S corporation shareholder.

Topics Discussed• Qualifications of S corporations• Election, termination, and revocation• Choice of year-end• Allocations of profits and losses• Distributions and shareholder basis• Reporting and filing requirements• Conversion of C corporation with prior retained earnings• Passive Activity Rules, Fringe Benefits, and Other Considerations

208



AcronymTSE.STDT

Field of StudyCommunication

CPE Credit Hours 2


Intended AudienceStaff or senior associates (with any field of emphasis) looking to advance business writing skills

PrerequisiteNone




Skills to Desk – Business Writing

Miscommunication is costly. In this course we will discuss how the use of positive language is not a “warm and fuzzy” concept, but rather an important communication tool. Using appropriate word choices will make you a more effective manager and communicator. Miscommunication and misunderstandings may cause significant financial and emotional loses to a firm. Vague answers can cause numerical errors, inaccurate financial data, hurt feelings, and tension within an office environment.


• Eliminate wordiness, redundancy, and obscure language from theirwriting, and produce documents that are clear and concise.

• Produce written communications that are positive and confident.• Structure, design, and page layout options to construct documents

that are accessible and well organized.• Explain five techniques to make your language more positive and

professional.• Recognize the importance of descriptive language.• Understand how using certain words can help you avoid

misinterpretation and misunderstandings.

Topics Discussed• The power of professional language in business writing

209



AcronymTSE.STDC

Field of StudyCommunication

CPE Credit Hours 2


Intended AudienceStaff or senior associates (with any field of emphasis) looking to advance communication skills

PrerequisiteBasic knowledge of communication skills




Skills to Desk – Communications

In some ways communication is easy. In other ways communication can be very difficult. Beyond the basic challenge of co-constructing meaning, there is a range of challenges that make the process even more complex.

In this course we will address some aspects of leadership in connection with work teams and group development. We will look at the role leaders play in workplace communication and examine communication skills for discussion leaders. The importance of effective communication cannot be underestimated. A leader’s ability to communicate greatly reduces misunderstandings in the workplace, and significantly improves project management.


• Discuss the common types of difficult communication patterns foundin the workplace, and how to cope with these situations.

• Understand the difficult communication patterns that may occurbetween men and women.

• Identify and cope more effectively with hostile communicationpatterns that may occur in the workplace.

• Recognize the communication patterns that occur before and duringthe formations of teams.

• Explain the role of conflict in work teams, and approaches for dealingwith the conflict.

• Explain communication issues a leader must consider beforebeginning discussions with a group.

Topics Discussed• Communication and work teams• Communication for leaders• Difficult communication

210



AcronymTSE.TAI


CPE Credit Hours 2



Tax professionals within corporate finance or tax departments

PrerequisiteThree to five years of tax experience




Tax Accounting for Inventories

This course details methods of valuing inventory, including special rules for dealing with LIFO inventory. Effect of shrinkage and market will also be discussed and participants will learn about proposals to prohibit LCM and subnormal goods methods that include wash-sale goods.


• Explain the allowable inventory valuation methods for tax purposesand how to choose the most beneficial in various scenarios.

• Estimate the tax value of ending inventory under the chosen method.• Calculate the resulting tax adjustment to book income as applicable.

Topics Discussed• 263A 2.0• FIFO, LIFO, average• Lower of cost or market

211



AcronymTSE.TFLP


CPE Credit Hours 8


Intended AudiencePublic accounting staff, seniors, and tax professionals in company finance or tax departments

PrerequisiteBasic knowledge of pass-through entities




Tax Fundamentals of LLCs and Partnerships

Acquire the basic skills you need to prepare income tax returns for LLCs and Partnerships. This course helps you identify the information required from the accounting system and the questions to ask of managers or business owners. This course provides participants with a foundation of tax principles and rules applicable to flow through entities under IRC section subchapter K.


• Recognize differences among the various types of partnerships andan LLC.




• Distinguish between distributions and compensatory payments topartners and recognize tax consequences of each type of payment.

• Apply the at-risk and passive activity loss limitations to pass-throughlosses from partnerships and LLCs.

Topics Discussed• Formation and the Check-the-Box rules• Profit and loss allocations• Effect of liabilities• Contributions and distributions• Reporting taxable income

212



AcronymTSE.TR1


CPE Credit Hours 4


Intended AudienceTax associates with little to no experience in performing tax research

PrerequisiteNone




Tax Research I

This course provides a working knowledge of the methodology of implementation-based tax research. Drawing on the latest developments in online research, this course describes how to ask the right questions, organize the facts, locate and assess pertinent authority, and clearly communicate research findings.


• Demonstrate a working knowledge of the methodology ofimplementation-based tax research.

• Examine and analyze the pertinent facts and applicable laws todetermine a tax result.

• Apply the hierarchy for sources of tax authority in researching a taxquestion.

• Execute efficient and meaningful research within tax online services.

Topics Discussed• Sources of tax law and interpretation• Internal Revenue Code• Administrative guidance• Treasury Regulations• Issue-spotting exercise• Citations• Tax research memorandum

213



AcronymTSE.TR2


CPE Credit Hours 4


Intended AudienceTax senior associates or managers

PrerequisiteBasic knowledge of performing tax research




Tax Research 2

Tax questions arise when a unique set of facts is examined in light of general rules of tax law. Learning to identify and phrase the critical tax questions implicit in any set of facts is no small accomplishment. In many instances, the most important questions are by no means obvious. The more experienced the tax adviser, the easier it is to identify and ask the right questions. For the beginner, asking the right question is often the most difficult part of tax research.


• Assess the appropriate authority for tax problems.• Analyze the evidence you gather regarding your client’s tax situation.• Interpret the facts from other cases in order to reach a conclusion

about your client’s case.• Distinguish specific ways to communicate your findings to your client.• Discuss the research methodology that is appropriate to tax planning.

Topics Discussed• The elusive nature of tax questions• Assessing and applying authority• External communications• Research methodology for tax planning• Comprehensive examples

214



AcronymTSE.TCC


CPE Credit Hours 8



PrerequisiteThree to five years of tax experience




Taxation of Corporations

This comprehensive course, developed by Sid Kess, is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations.


• Identify the benefits of forming a corporation.• Apply the rules for transfer of assets and liabilities to a new

corporation.• Review the accounting methods available to a corporation.• Understand reasonable compensation issues with respect to a C

corporation and to S corporation shareholder-employees.• Analyze the best retirement plan recommend for a corporation.• Recognize economic performance, including issues and deduction

limitations related to bad debts, rent, tax, and interest expense.• Determine the availability of tax credits and other entitlements related

to retirement plans for a corporation.• Accurately apply financial turmoil and bankruptcy rules.

Topics Discussed• Formation of corporation and Section 1244 stock• Income: dividends, interest, rentals, capital gains• Salaries, employee benefits and retirement plans• Economic performance and other deductions• Net operating losses• Personal Service Corporations• Tax rates, AMT, and tax credits• Case studies for tax return preparation

215



AcronymTSE.TPT


CPE Credit Hours 4


Intended AudienceTax Staff and senior associates

PrerequisiteBasic knowledge of property transactions and taxation




Taxation of Property Transactions

Gain a practical understanding of the various complex tax laws dealing with sale, disposal, or exchange of property. This course includes analyses of the rules dealing with like-kind exchanges, and includes involuntary conversions. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings.


• Apply proper treatment of involuntary conversions.• Explain the deferral of realized gain or loss on a like-kind property

exchange.• Determine the amount of gain or loss on the sale of property.

• Implement comprehensive property tax strategies to minimize taxes.

Topics Discussed• IRC sections 1231, 1245, 1250

• Capital gains and losses• Non-recognition transactions

216

• Depreciation Recapture

• Determine the character of recognized gain or loss on the disposition of business property



AcronymTSE.WPD


CPE Credit Hours 2


Intended AudienceStaff accountants who create workpapers

PrerequisiteNone




Workpaper Documentation

Workpapers support the creation of a tax return. Firms must provide proper data for their work, through accurate documentation of the position taken on a return and by providing authoritative support for it. This documentation not only impacts the preparer, but is required by the IRS to complete a proper audit of the return.


• Learn to interpret document tax return information and correctlyorganize workpapers.

• Know which workpapers are appropriate for specific tax situations.• Understand how to prepare an Accrual to Cash Conversion

Workpaper.• Execute efficient and meaningful research within tax online services.

Topics Discussed• Source of data for tax adjustments from books• Authority documentation• Case studies - good and bad workpapers

217


AAUW ABLTACCSADPRTADUGADVSCAEMPAFASBAFKPAGC AITAPBAREASE1ASE2ASE3ATCPAUAAAUDWAUSLBADIBANKBASBBAUG

CAATCCAICCOF CEKICFICCHTXCITWCL4AARWBE

Annual Accounting and Auditing Workshop ................................................................................ 11Advanced Business Law for CPAs .............................................................................................114Advanced Controller and CFO Skills ........................................................................................ 115AICPA Peer Review Program Advanced Course ........................................................................ 12Advanced Topics in a Single Audit.............................................................................................. 85Advanced Tax Strategies for S Corporations ............................................................................ 143Auditing Defined Contribution Plans ........................................................................................... 13Advanced FASB Review: Complex GAAP Issues ...................................................................... 14Audits of 401(k) Plans ................................................................................................................. 15Guide to Business Combinations, Goodwill, and Other Consolidation Issues ........................... 16Accounting for Deferred Income Taxes ....................................................................................... 17FASB Standards: A Comprehensive Review for All CPAs .......................................................... 18Advanced Real Estate Accounting, Auditing, & Taxation ............................................................ 19Audit Staff Essentials - Level 1 - New Staff................................................................................. 20Audit Staff Essentials - Level 2 - Experienced Staff.................................................................... 21Audit Staff Essentials - Level 3 - Audit Senior/In-Charge............................................................ 22Annual Tax Update: Corporations and Pass-Through Entities ................................................. 144Annual Update for Accountants and Auditors ............................................................................. 23Audit Workpapers: Documenting and Reviewing Field Work ..................................................... 24Audits of State and Local Governments: What You Need to Know............................................. 86Basis/Distributions for Pass-Through Entities: Simplifying the Complexities............................ 145Audits of Banks and Other Financial Institutions ........................................................................ 25Buying or Selling a Business - The CPA’s Role......................................................................... 146Fundamentals for Performing a Single Audit Under the Uniform Guidance for Federal Awards......................................................................................................................................... 87Construction Contractors: Accounting, Auditing, and Tax .......................................................... 26Construction Contractors Advanced Issues ................................................................................ 27The New Controllership: Keys to Boosting Corporate Performance......................................... 116Choice of Entity Considerations Under the Current Tax Law .................................................... 147Common Frauds and Internal Controls for Revenue, Purchasing, and Cash Receipts ............. 28Smart Strategies to Slash Taxes for Closely Held Businesses ................................................. 1482015 Corporate Income Tax Workshop ..................................................................................... 149Real-World Business Ethics for CPAs in A&A ............................................................................. 29

Acronym Index

Acronym Index

218


CL4AUAACL4BASB CL4BIRWBECL4CCDCL4CDIBCL4CE CL4CHTXCL4CNFPCL4COMP CL4CRACL4CSCBCL4CTBCL4CYCTCL4DFWCL4DIRSCL4EOYBCL4EPECL4FAFRCL4FASBI CL4FCFSCL4FFMDCL4FGOVCL4FNFPCL4FRAUCL4FSABMCL4FSNPOCL4FWDCL4GA68CL4GNAUCL4GSCACL4HCRACL4HOTCL4ICDADCL4ICSMCL4INRRCL4ITET

Accounting and Auditing Update ................................................................................................. 30The CPA’s Role in Buying or Selling a Business...................................................................... 150Real World Business Ethics for CPAs in Business and Industry .............................................. 117Capitalized Costs and Depreciation: Key Issues and Answers ................................................ 151Cancellation of Debt for Individuals and Businesses ................................................................ 157Engagement Essentials: Compilation of Financial Statements .................................................. 31Practical Tax Tips and Techniques for Closely Held Businesses .............................................. 153Not-for-Profit Accounting and Auditing: Practical Cases for CPAs .............................................. 91Compilation, Preparation, and Review Engagements Update .................................................... 32Advanced Issues in Preparation, Compilation, and Review Engagements ................................ 33Critical Skills for Budgeting Success ......................................................................................... 118Special Purpose Frameworks – Alternatives to GAAP ............................................................... 34Smart Tax Planning Strategies for Individuals .......................................................................... 154Audit Workpapers: Documenting Field Work .............................................................................. 35IRS Disputes: Identifying Options for Your Client ...................................................................... 155Yellow Book Financial Audits....................................................................................................... 89Estate Planning: Minimizing Taxes and Maximizing Wealth ..................................................... 156Forensic Accounting: Uncovering Schemes and Scams ............................................................ 36New FASB Developments for Business & Industry .................................................................... 37Statement of Cash Flows: Preparation, Presentation, and Use ................................................. 38Financial Forecasting: Planning for Success ............................................................................ 119Frequent Frauds Found in Governments .................................................................................... 90Frequent Frauds Found in Not-for-Profits ................................................................................... 91Fraud: Recent Findings, Red Flags and Corruption Schemes................................................... 39Analyzing a Company’s Financial Statement ............................................................................ 120Not-for-Profit Organizations: Key Accounting and Reporting Considerations............................. 92Audit Workpapers: Reviewing Field Work Documentation ......................................................... 40GASB Statement No. 68 Audit and Accounting Workshop......................................................... 93Annual Update for Governments and Not-for-Profits .................................................................. 94Position Your Organization for Success: Strategies for Today’s Competitive Environment ...... 121Health Care Reform Act: Critical Tax and Insurance Ramifications .......................................... 157Hot Tax Planning Developments Under the Current Tax Law ................................................... 158Understanding COSO Internal Control Guidance ....................................................................... 41Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities ........... 42Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know ............... 43Estates and Trusts: Mastering Complex Income Tax Issues .................................................... 159

Acronym Index

219


CL4ITRMCL4NAU CL4PCDCL4PREPCL4PSASCL4PYPLCL4RCRCL4RE CL4RWBECL4SCORPCL4SKSBCL4SSMCL4STSBCL4TFECL4TFNCL4TKBPCL4TLLLOCL4TSUICL4TTFS

CL4TXRWBE CNFPCOBPCORU CSCBCTBCYCTDAANDDDADIRSDTTEAP1EAP2EBPEEO-AHUDEO-APF

Reviewing Individual Tax Returns: What Are You Missing? ...................................................... 160Not-for-Profit Accounting and Auditing Update .......................................................................... 95Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls ....... 44Engagement Essentials: Preparation of Financial Statements ................................................... 45Mergers, Acquisitions, and Sales of Closely Held Businesses ................................................. 161Analyzing Costs, Productivity, and Efficiency: Three Ways to Boost Your Bottom Line ........... 122Revenue and Cash Receipts: Common Frauds and Internal Controls ....................................... 46Engagement Essentials: Review of Financial Statements .......................................................... 47Real-World Business Ethics ........................................................................................................ 48Key S Corporation Tax Strategies and Compliance Issues ...................................................... 162Controller’s Update: Today’s Latest Trends .............................................................................. 123Social Security and Medicare: Maximizing Retirement Benefits ............................................... 163Tax Planning Strategies for Small Businesses: Corporations, Partnerships, & LLCs ............... 164Taxation for Expatriates ............................................................................................................. 165Taxation for Foreign Nationals .................................................................................................. 166Risk, Cost, and Cash Management for Controllers and Financial Managers ........................... 129Tax Consequences and Reporting Issues of LLCs, LLPs, LPs, and Other Partnerships ......... 167Individual Income Tax Update ................................................................................................... 168The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them ........................................................................................................................................... 54Real-World Business Ethics for Tax Practitioners ..................................................................... 169Case Studies in Not-for-Profit Accounting and Auditing ............................................................ 96Transforming Your Role as Controller to Business Partner ...................................................... 125Annual Update for Preparation, Compilation, and Review Engagements .................................. 50Creating Great Budgets: Maximizing Profits, People, and Power ............................................ 126Alternatives to GAAP – Using Special Purpose Frameworks ..................................................... 51Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies ................................... 170Analytics and Big Data for Accountants .................................................................................... 127Digging Deeper with Data Analysis ............................................................................................. 52Tips and Tricks for Handling IRS Disputes ................................................................................ 171Advanced Tax Strategies for LLCs and Partnerships ............................................................... 172Excel for Accounting and Finance Professionals: Level 1 ........................................................ 126Excel for Accounting and Finance Professionals: Level 2 ........................................................ 127Auditing Employee Benefit Plans ................................................................................................ 53Advanced Auditing of HUD-Assisted Projects ........................................................................... 97Analytical Procedures for Not-for-Profit Organizations ............................................................. 98

Acronym Index

220


EO-F990EO-OMBEO-YBEPEEPRMEXPFFAFRFAIPFASBIFCFSFCRE FE-FFTFFGNFFMDFGACFMCSFOTBFRFSFRGNP

FRUFSABM FSNPOFVAGARGAUGAUDGENAGNAUGPTGSCA HCRPMHOTHUDIBV ICDADICRA

Form 990: A Comprehensive Approach to Accurate Preparation ............................................. 173Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations ................... 99Yellow Book: Government Auditing Standards ......................................................................... 100Estate Planning Essentials: Tax Relief for Your Clients ............................................................ 174Performing an Engagement Review ........................................................................................... 54Advanced Excel: Practical Applications for Accounting Professionals ...................................... 130Forensic Accounting: Fraudulent Reporting and Concealed Assets ........................................... 55Forensic Accounting Investigative Practices ............................................................................... 56FASB Review for Business & Industry ........................................................................................ 57Statement of Cash Flows: Preparation and Presentation ........................................................... 58Engagement Essentials: Preparation, Compilation, and Review of Financial Statements ......... 59Identifying Fraudulent Financial Transactions ............................................................................. 60Frequent Frauds Found in Governments and Not-for-Profits .................................................. 101Financial Forecasting and Decision Making ............................................................................. 131Fundamentals of Governmental Accounting and Reporting ..................................................... 102Financial Manager Skills for the 21st Century .......................................................................... 132Audits of 403(b) Plans ................................................................................................................. 61Financial Reporting Framework for SMEs .................................................................................. 62Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations ............................................................................................................................ 103FASB Review: Common GAAP Issues Impacting All CPAs ....................................................... 63Financial Statement Analysis: Basis for Management Advice .................................................. 138Accounting and Reporting for Not-for-Profit Organizations ...................................................... 104Fair Value Accounting .................................................................................................................. 64Governmental Accounting and Reporting ..................................................................................105Governmental Accounting and Auditing Update ........................................................................106Group Audits: Clarifying the Complexities ................................................................................... 65GAAS: A Comprehensive Review for Auditors ............................................................................ 66Governmental and Not-for-Profit Annual Update .......................................................................107Payroll Taxes and 1099 Issues: Everything You Need to Know ............................................... 175Gaining and Sustaining a Competitive Advantage: Keys to Boost the Bottom Line ................. 139How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program ....................... 67Hottest Tax Topics for 2014 ....................................................................................................... 176Audits of HUD-Assisted Projects ................................................................................................108Introduction to Business Valuation ............................................................................................ 135Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors ....... 68Internal Controls and Risk Assessment: Key Factors in a Successful Audit .............................. 69

Acronym Index

221


ICSMIDENTIITWINCTINRRINUGITETITRCITTFLAMAMITNPARNXUPPCOUPSASPTUPYPLRAASREAAREFRREIFRWBESAYBSCORPSECRSKSB SMBZSNPRSTSBTAW2TGNP

TILATKBPTLLLOTSUITTFS

Internal Control Best Practices for Small and Medium-Sized Entities ........................................ 70Identity Theft: Preventing, Detecting, and Investigating .............................................................. 711040 Tax Return Workshop ....................................................................................................... 177Federal Income Tax Accounting: Maximizing Tax Benefits and Minimizing Tax Costs ............. 178Revenue Recognition: Mastering the New FASB Requirements ................................................ 72Applying the Uniform Guidance for Federal Awards in Your Single Audits ................................109Form 1041: Income Taxation of Estates and Trusts .................................................................. 179IT Risks and Controls in Current and Emerging Environments .................................................. 73International Taxation ................................................................................................................ 180Lean Accounting: Higher Profits by Streamlining Operations ................................................... 136Multistate Income Tax ................................................................................................................ 181Not-for-Profit Accounting & Reporting: From Start to Finish ......................................................110Nexus Update: Latest Developments in State Income, Franchise, and Sales Taxes ............... 182Public Company Update: SEC, PCAOB, and Other Developments ........................................... 74Advanced Mergers, Acquisitions, and Sales of Closely Held Businesses ................................ 183AICPA’s Annual Federal Tax Update ......................................................................................... 184Plug Your Profit Leaks: Exploring Ideas to Significantly Save Time and Money ...................... 137Audit Sampling ............................................................................................................................ 75Real Estate Accounting & Auditing .............................................................................................. 76Real Estate Accounting and Financial Reporting: Tackling the Complexities ............................. 77IFRS Standards: Financial Reporting in a Global Environment .................................................. 78Real-World Business Ethics ........................................................................................................ 79Studies on Single Audit and Yellow Book Deficiencies ..............................................................111S Corporations: Key Issues, Compliance, and Tax Strategies ................................................. 185SEC Reporting ............................................................................................................................ 80Annual Update for Controllers ................................................................................................... 138Accounting and Auditing Update for Small Businesses .............................................................. 81Upcoming Peer Review: Is Your Firm Ready? ............................................................................ 82Slashing Taxes for Your Small Business Clients: Corporations, Partnerships, & LLCs ............ 186Trusted Business AdviserSM Workshop II .................................................................................. 139AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs ...................................................................................................................112Taxation for Individuals Living Abroad ....................................................................................... 187Toolkit of Best Practices for Today’s Controller and Financial Manager ................................... 140Taxation Essentials of LLCs and Partnerships .......................................................................... 188Annual Tax Update: Individuals and Sole Proprietors ............................................................... 189Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes ..................................... 83

Acronym Index

222


IITWCITWCL4AUAASMBZFSNPOAITEO-AHUDABLTACCSEXPFAFASBCL4CRAPSASAREDTTADVSCADUGADPRTPTU

TGNPCTBEO-APFDAANCL4FSABMCL4PYPLAAUWATCPTSUIAUAASKSBCL4GNAUCORU

1040 Tax Return Workshop ....................................................................................................... 1822015 Corporate Income Tax Workshop ..................................................................................... 154Accounting and Auditing Update ................................................................................................. 35Accounting and Auditing Update for Small Businesses .............................................................. 86Accounting and Reporting for Not-for-Profit Organizations ...................................................... 109Accounting for Deferred Income Taxes ....................................................................................... 22Advanced Auditing of HUD-Assisted Projects ........................................................................... 102Advanced Business Law for CPAs .............................................................................................119Advanced Controller and CFO Skills ........................................................................................ 120Advanced Excel: Practical Applications for Accounting Professionals ...................................... 135Advanced FASB Review: Complex GAAP Issues ...................................................................... 19Advanced Issues in Preparation, Compilation, and Review Engagements ................................ 38Advanced Mergers, Acquisitions, and Sales of Closely Held Businesses ................................ 188Advanced Real Estate Accounting, Auditing, & Taxation ............................................................ 24Advanced Tax Strategies for LLCs and Partnerships ............................................................... 177Advanced Tax Strategies for S Corporations ............................................................................ 148Advanced Topics in a Single Audit .............................................................................................. 90AICPA Peer Review Program Advanced Course ........................................................................ 17AICPA’s Annual Federal Tax Update ......................................................................................... 189AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs ...................................................................................................................117Alternatives to GAAP – Using Special Purpose Frameworks ..................................................... 56Analytical Procedures for Not-for-Profit Organizations ............................................................. 103Analytics and Big Data for Accountants .................................................................................... 132Analyzing a Company’s Financial Statement ............................................................................ 125Analyzing Costs, Productivity, and Efficiency: Three Ways to Boost Your Bottom Line ........... 127Annual Accounting and Auditing Workshop ................................................................................ 16Annual Tax Update: Corporations and Pass-Through Entities ................................................. 149Annual Tax Update: Individuals and Sole Proprietors ............................................................... 194Annual Update for Accountants and Auditors ............................................................................. 28Annual Update for Controllers ................................................................................................... 138Annual Update for Governments and Not-for-Profits .................................................................. 99Annual Update for Preparation, Compilation, and Review Engagements .................................. 55

Alphabetical Index

Alphabetical Index

223


EO-OMBINUGRAASASE1ASE2ASE3AUDWCL4DFWCL4FWDAEMPEBPEAFKPFOTBBANKHUDAUSLBADIBASBCL4CDIBCL4CCDCNFPCEKICFICCL4COMPCCAICAATCL4SKSBCSCBCL4CSCBCYCTDDDACL4CEFCRECL4PREPCL4REEPE

Applying OMB Circular A-133 to Not-for-Profit and Governmental Organizations ................... 104Applying the Uniform Guidance for Federal Awards in Your Single Audits ..............................114Audit Sampling ............................................................................................................................ 80Audit Staff Essentials - Level 1 - New Staff ................................................................................. 25Audit Staff Essentials - Level 2 - Experienced Staff .................................................................... 26Audit Staff Essentials - Level 3 - Audit Senior/In-Charge ............................................................ 27Audit Workpapers: Documenting and Reviewing Field Work ..................................................... 29Audit Workpapers: Documenting Field Work .............................................................................. 40Audit Workpapers: Reviewing Field Work Documentation ......................................................... 45Auditing Defined Contribution Plans ........................................................................................... 18Auditing Employee Benefit Plans ................................................................................................ 58Audits of 401(k) Plans ................................................................................................................. 20Audits of 403(b) Plans ................................................................................................................. 66Audits of Banks and Other Financial Institutions ........................................................................ 30Audits of HUD-Assisted Projects ................................................................................................113Audits of State and Local Governments - What You Need to Know ........................................... 91Basis/Distributions for Pass-Through Entities: Simplifying the Complexities............................ 150Buying or Selling a Business - The CPA’s Role ........................................................................ 151Cancellation of Debt for Individuals and Businesses ................................................................ 157Capitalized Costs and Depreciation: Key Issues and Answers ................................................ 156Case Studies in Not-for-Profit Accounting and Auditing ............................................................ 101Choice of Entity Considerations Under the Current Tax Law .................................................... 152Common Frauds and Internal Controls for Revenue, Purchasing, and Cash Receipts ............. 33Compilation, Preparation, and Review Engagements Update .................................................... 37Construction Contractors Advanced Issues ................................................................................ 32Construction Contractors: Accounting, Auditing, and Tax ........................................................... 31Controller’s Update: Today’s Latest Trends .............................................................................. 128Creating Great Budgets: Maximizing Profits, People, and Power ............................................ 131Critical Skills for Budgeting Success ......................................................................................... 123Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies .................................... 175Digging Deeper with Data Analysis ............................................................................................. 57Engagement Essentials: Compilation of Financial Statements .................................................. 36Engagement Essentials: Preparation, Compilation, and Review of Financial Statements ......... 64Engagement Essentials: Preparation of Financial Statements ................................................... 50Engagement Essentials: Review of Financial Statements .......................................................... 52Estate Planning Essentials: Tax Relief for Your Clients ............................................................ 179

Alphabetical Index

224


CL4EPECL4ITETEAP1EAP2FVAFASBIFRUAPBINCTFFMDCL4FFMDFMCSFRFSFSABMFAIPFAFRCL4FAFRITETEO-F990TTFSCL4FRAUCL4FGOVFFGNCL4FNFP

BAUGFGACGENAGSCACL4GA68GAUGARGNAUGAUDAGCCL4HCRA

Estate Planning: Minimizing Taxes and Maximizing Wealth ..................................................... 161Estates and Trusts: Mastering Complex Income Tax Issues .................................................... 164Excel for Accounting and Finance Professionals: Level 1 ........................................................ 133Excel for Accounting and Finance Professionals: Level 2 ........................................................ 134Fair Value Accounting .................................................................................................................. 69FASB Review for Business & Industry ........................................................................................ 62FASB Review: Common GAAP Issues Impacting All CPAs ....................................................... 68FASB Standards: A Comprehensive Review for All CPAs .......................................................... 23Federal Income Tax Accounting: Maximizing Tax Benefits and Minimizing Tax Costs ............. 183Financial Forecasting and Decision Making ............................................................................. 136Financial Forecasting: Planning for Success ............................................................................ 124Financial Manager Skills for the 21st Century .......................................................................... 137Financial Reporting Framework for SMEs .................................................................................. 67Financial Statement Analysis: Basis for Management Advice .................................................. 138Forensic Accounting Investigative Practices ............................................................................... 61Forensic Accounting: Fraudulent Reporting and Concealed Assets ........................................... 60Forensic Accounting: Uncovering Schemes and Scams ............................................................ 41Form 1041: Income Taxation of Estates and Trusts .................................................................. 184Form 990: A Comprehensive Approach to Accurate Preparation ............................................. 178Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes ..................................... 88Fraud: Recent Findings, Red Flags and Corruption Schemes ................................................... 44Frequent Frauds Found in Governments .................................................................................... 95Frequent Frauds Found in Governments and Not-for-Profits .................................................. 106Frequent Frauds Found in Not-for-Profits ................................................................................... 96Fundamentals for Performing a Single Audit Under the Uniform Guidance for Federal Awards ........................................................................................................................................ 92Fundamentals of Governmental Accounting and Reporting ..................................................... 107GAAS: A Comprehensive Review for Auditors ............................................................................ 71Gaining and Sustaining a Competitive Advantage: Keys to Boost the Bottom Line ................. 139GASB Statement No. 68 Audit and Accounting Workshop ......................................................... 98Governmental Accounting and Auditing Update ........................................................................111Governmental Accounting and Reporting ..................................................................................110Governmental and Not-for-Profit Annual Update .......................................................................112Group Audits: Clarifying the Complexities ................................................................................... 70Guide to Business Combinations, Goodwill, and Other Consolidation Issues ........................... 21Health Care Reform Act: Critical Tax and Insurance Ramifications .......................................... 162

Alphabetical Index

225


CL4HOTHOTHCRPMFE-FFTIDENTREIFCL4TSUIICSMICDADICRAITTFCL4INRRIBVCL4DIRSITRCCL4SCORPLAMACL4PSASMITCL4FASBINXUPNPARCL4NAUCL4CNFPCL4FSNPOGPTPYPLCL4GSCACL4CHTXPCOUCL4PCDREAAREFRCL4RWBERWBECL4AARWBECL4BIRWBE

Hot Tax Planning Developments Under the Current Tax Law ................................................... 163Hottest Tax Topics for 2014 ....................................................................................................... 181How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program ....................... 72Identifying Fraudulent Financial Transactions ............................................................................. 65Identity Theft: Preventing, Detecting, and Investigating .............................................................. 76IFRS Standards: Financial Reporting in a Global Environment .................................................. 83Individual Income Tax Update ................................................................................................... 173Internal Control Best Practices for Small and Medium-Sized Entities ........................................ 75Internal Control and COSO Essentials for Accountants and Auditors ........................................ 73Internal Controls and Risk Assessment: Key Factors in a Successful Audit .............................. 74International Taxation ................................................................................................................ 185Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know ............... 48Introduction to Business Valuation ............................................................................................ 140IRS Disputes: Identifying Options for Your Client ...................................................................... 160IT Risks and Controls in Current and Emerging Environments .................................................. 78Key S Corporation Tax Strategies and Compliance Issues ...................................................... 167Lean Accounting: Higher Profits by Streamlining Operations ................................................... 141Mergers, Acquisitions, and Sales of Closely Held Businesses ................................................. 166Multistate Income Tax ................................................................................................................ 186New FASB Developments for Business & Industry .................................................................... 42Nexus Update: Latest Developments in State Income, Franchise, and Sales Taxes ............... 187Not-for-Profit Accounting & Reporting: From Start to Finish ......................................................115Not-for-Profit Accounting and Auditing Update ......................................................................... 100Not-for-Profit Accounting and Auditing: Practical Cases for CPAs .............................................. 93Not-for-Profit Organizations: Key Accounting and Reporting Considerations ............................ 97Payroll Taxes and 1099 Issues: Everything You Need to Know ............................................... 180Plug Your Profit Leaks: Exploring Ideas to Significantly Save Time and Money ...................... 142Position Your Organization for Success: Strategies for Today’s Competitive Environment ...... 126Practical Tips and Techniques for Closely Held Businesses..................................................... 158Public Company Update: SEC, PCAOB, and Other Developments ........................................... 79Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls ....... 49Real Estate Accounting & Auditing .............................................................................................. 81Real Estate Accounting and Financial Reporting: Tackling the Complexities ............................. 82Real-World Business Ethics ........................................................................................................ 53Real-World Business Ethics ........................................................................................................ 84Real-World Business Ethics for CPAs in A&A ............................................................................. 34Real World Business Ethics for CPAs in Business and Industry .............................................. 122

Alphabetical Index

226


CL4TXRWBE

FRGNPCL4RCRINRRCL4ITRMCL4TKBPSCORPSECRSTSBCHTXCL4CYCTCL4SSMCL4CTBFCFSCL4FCFSSAYBCL4TLLLOCL4STSBTLLLOCL4TFECL4TFNTILACL4BASB

CL4TTFSCCOFDIRSTKBPCL4ICSMCOBPTAW2CL4ICDADSNPRCL4EOYBEO-YB

Real-World Business Ethics for Tax Practitioners ..................................................................... 169Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations ............................................................................................................................ 108Revenue and Cash Receipts: Common Frauds and Internal Controls ....................................... 51Revenue Recognition: Mastering the New FASB Requirements ................................................ 77Reviewing Individual Tax Returns: What Are You Missing? ...................................................... 165Risk, Cost, and Cash Management for Controllers and Financial Managers ........................... 129S Corporations: Key Issues, Compliance, and Tax Strategies ................................................. 190SEC Reporting ............................................................................................................................ 85Slashing Taxes for Your Small Business Clients: Corporations, Partnerships, & LLCs ............ 191Smart Strategies to Slash Taxes for Closely Held Businesses ................................................. 153Smart Tax Planning Strategies for Individuals .......................................................................... 159Social Security and Medicare: Maximizing Retirement Benefits ............................................... 168Special Purpose Frameworks – Alternatives to GAAP ............................................................... 39Statement of Cash Flows: Preparation and Presentation ........................................................... 63Statement of Cash Flows: Preparation, Presentation and Use .................................................. 43Studies on Single Audit and Yellow Book Deficiencies ..............................................................116Tax Consequences and Reporting Issues of LLCs, LLPs, LPs, and Other Partnerships ......... 172Tax Planning Strategies for Small Businesses: Corporations, Partnerships, & LLCs ............... 169Taxation Essentials of LLCs and Partnerships .......................................................................... 193Taxation for Expatriates ............................................................................................................. 170Taxation for Foreign Nationals .................................................................................................. 171Taxation for Individuals Living Abroad ....................................................................................... 192The CPA’s Role in Buying or Selling a Business ....................................................................... 155The Most Comon Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them ........................................................................................................................................... 54The New Controllership: Keys to Boosting Corporate Performance......................................... 121Tips and Tricks for Handling IRS Disputes ................................................................................ 176Toolkit of Best Practices for Today’s Controller and Financial Manager ................................... 145Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities ........... 42Transforming Your Role as Controller to Business Partner ...................................................... 130Trusted Business AdviserSM Workshop II .................................................................................. 144Understanding COSO Internal Control Guidance ....................................................................... 41Upcoming Peer Review: Is Your Firm Ready? ............................................................................ 82Yellow Book Financial Audits....................................................................................................... 89Yellow Book: Government Auditing Standards ......................................................................... 100

Alphabetical Index

227

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on-site training · 2014-12-18 · on-site training 2015–2016 course catalog aicpalearning.org...

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