Courses

Learning Objectives:
Public accounting firms today have a heightened responsibility to discover and report fraud. It's critical CPAs understand how their duties relating to fraud are governed by:

Sarbanes-Oxley Act:

• SAS 99: Consideration of Fraud in a Financial Statement Audit
• Private Securities Litigation Reform Act

Delivery Method:
Group Internet-Based

Program Level:
Overview

Learning Objectives:
The effective application of IAS 36 - Impairment of Assets - is critical to the appropriate preparation and presentation of financial statements under International Financial Reporting Standards. A blend of theory and practical hands-on experience will equip you for real-world applications of IAS 36. At the conclusion of this session you should be able to:

• Define the scope of Impairment of Assets under International Accounting Standard 36 (IAS 36)
• List the definition of Impairment of Assets under IAS 36
• Outline the rules followed to measure the recoverable amount of an Impaired Asset under IAS 36
• Define the rules followed to determine when to recognize & how to measure an impairment loss under IAS 36
• Summarize the rules utilized to determine when & how to measure the reversal of an impairment loss under IAS 36
• Define Impaired Asset disclosure requirements under IAS 36
• Access a checklist on when & how to apply IAS 36
• 
  
  Delivery Method:
  Group Internet-Based

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Learning Objectives:
Obtain not only just theoretical knowledge, but also relevant background experience and practical working knowledge of Intangible Assets within International Accounting Standards (IAS 38). Enhance your ability to properly, effectively and easily apply IAS 38 to financial statements in accordance with International Financial Reporting Standards (IFRSs). At the conclusion of this session, you should be able to:

• Define the scope of Intangible Assets under IAS 38.
• List the definition of Intangible Assets under IAS 38.
• Define the rules to determine when to recognize Intangible Assets under IAS 38.
• Outline the methodologies utilized for valuation of Intangible Assets at the various stages of its life under IAS 38.
• Define the Intangible Assets disclosure requirements under IAS 38.
• Access a checklist on when and how to apply IAS 38.

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Learning Objectives:
Obtain a relevant historical perspective, deepen your understanding of current standards, and acquire the critical hands-on experience that will allow you to effectively interpret and properly apply International Financial Reporting Standards for Inventory and Borrowing Costs (IAS 2 and 23). At the conclusion of this session you should be able to:

• Define the scope of Inventory under International Accounting Standard 2 (IAS 2)
• List the definition of Inventories under IAS 2
• Outline the methodologies utilized to value Inventory under IAS 2
• Compare and contrast U.S. GAAP and IAS Inventory valuation methodologies
• Outline the rules followed when Inventories are recognized as an expense under IAS 2
• Define the Inventory disclosure requirements under IAS 2
• Define the scope of Borrowing Costs under IAS 23
• List the definition of Borrowing Costs under IAS 23
• List the rules utilized to determine if Borrowing Costs should be capitalized under IAS 23
• Define the Borrowing Cost disclosure requirements under IAS 23
• Compare and contrast Borrowing Costs under IFRS (IAS 23) and U.S. GAAP (SFAS 34)
• Access a checklist on when and how to apply IAS 2 and 23

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Program Level:
Intermediate

Learning Objectives:
Rapid and important changes are underway in the accounting world. Obtain critical working knowledge on the treatment of Non-current Assets Held for Sale and Discontinued Operations under International Financial Reporting Standards. This course will blend theory and practical hands-on experience to enable the effective application of IFRS 5. At the conclusion of this session you should be able to:

• Define the scope of Non-current Assets Held for Sale and Discontinued Operations under International Financial Reporting Standards 5 (IFRS 5)
• List the definition of Non-current Assets Held for Sale and Discontinued Operations under IFRS 5
• Outline the concepts utilized to determine the classification of Non-current Assets under IFRS 5
• Define the various methodologies utilized to measure Non-current Assets under IFRS 5
• Define the presentation and disclosure requirements under IFRS 5
• Outline the convergence status of IFRS 5 and SFAS 144
• Access to a checklist on when and how to apply IFRS 5

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Learning Objectives:
Preparing Financial Statements in accordance with International Financial Reporting Standards requires accurate and up-to-date theoretical knowledge along with practical and thorough hands-on experience. At the conclusion of this session you should be able to:

• Define the scope of Property, Plant and Equipment under International Accounting Standard 16 (IAS 16)
• List the definition of Property, Plant and Equipment under IAS 16
• Define the rules followed to determine when to recognize Property, Plant and Equipment under IAS 16
• Outline the methodologies utilized to value Property, Plant and Equipment at the various stages of its life under IAS 16
• Define the Property, Plant and Equipment disclosure requirements under IAS 16
• Define the scope of Investment Property under IAS 40
• List the definition of Investment Property under IAS 40
• Define the rules followed to determine when to recognize Investment Property under IAS 40
• Outline the methodologies utilized to value Investment Property at the various stages of its life under IAS 40
• Define the Investment Property disclosure requirements under IAS 40
• Access to a checklist on when and how to apply IAS 16 & 40

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Learning Objectives:
In this first of a two-part course, we provide the rules and best practices for consolidating financial statements. In this session you will explore Marketable Securities and the Cost and Equity Methods of accounting for investments and consolidations. At the conclusion of this session you should be able to:

• Understand the definition of Marketable Securities and the impact they have on your balance sheet and income statement
• Compare and contrast the various criteria utilized to determine how and when to consolidate financial statements
• Define and apply the Cost Method
• Outline and apply the Equity Method
• Understand and apply Change in Ownership

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Learning Objectives:
In the second of a two-part course, we focus on the preparation of consolidated financial statements. With a thorough rundown of the rules, case studies and detailed worksheets, you'll be prepared to account for a range of consolidation scenarios. At the conclusion of this session you should be able to:

• Define and apply the Acquisition Method
• Define and properly account for Balance Sheet and Income Statement Intercompany Transactions
• Outline Push Down Accounting and why it is critical

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Learning Objectives:
It's been said to have created a splash not seen since the Sarbanes-Oxley Act FIN 48, which was established to clarify accounting for uncertain tax positions under SFAS 109 guidelines, has brought a whole new level of complexity to tax issues. Through this course, you'll:

• Learn how to identify permanent and temporary difference items
• Determine whether there is an income tax expense or benefit and whether it is current or deferred
• See how those amounts are determined
• Understand how to report those items within a company's financial statements
• Discuss guidance offered in FIN 48, Accounting for Uncertainty in Income Taxes

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Learning Objectives:
Enhance your theoretical knowledge and acquire the hands-on experience that will allow you to navigate the complexities surrounding International Financial Reporting Standards IAS 19 (Employee Benefits). At the conclusion of this session you should be able to:

• Define the objectives and scope of Employee Benefits under IAS 19
• Compare and contrast the four categories of Short Term Employee Benefits and their respective accounting treatment
• Compare and contrast the various forms of Post-Employment Benefits and their respective accounting treatment
• Compare and contrast the multiple forms of Other Long-Term Employee Benefits
• Describe Termination Benefits and the accounting treatment
• Access a disclosure requirements checklist, definitions, and transitional provisions utilized in IAS 19

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Learning Objectives: The continued globalization of accounting financial standards has significantly altered the landscape surrounding the accounting and presentation of Income Taxes (IAS 12). This is a standard that has seen amendments in recent years, ushering in new levels of complexity that demand theoretical knowledge along with practical hands-on experience. At the conclusion of this session you should be able to:

• Define the scope of Income Taxes under International Accounting Standards (IAS 12).
• List the definitions utilized in IAS 12 Income Taxes.
• Compare and contrast the principles utilized to recognize Current and Deferred Tax Liabilities, and Tax Assets under IAS 12.
• Compare and contrast the principles utilized to measure and account for Current and Deferred Tax Liabilities and Tax Assets under IAS 12.
• Examine and outline how to present Tax Assets, Tax Liabilities and Tax Expenses under IAS 12.
• Define the disclosure requirements of Income Taxes under IAS 12.
• Access a Income Tax disclosure requirements checklist.

Delivery Method: Group Internet-Based

Learning Objectives: From theory to field application, this course provides the relevant background, context and tools to apply IAS 37 - Provisions, Contingent Liabilities and Contingent Assets under International Financial Reporting Standards. Understand key issues and the most recent amendments to the standard, and gain the practical experience that will help to you accurately and efficiently apply these standards within your organization. At the conclusion of this session, you should be able to:

• Define the scope of Provisions, Contingent Liabilities and Contingent Assets under IAS 37.
• List the definition of Provisions, Contingent Liabilities and Contingent Assets under IAS 37.
• Outline the criteria utilized to recognize provisions under IAS 37.
• Define the various methods utilized to determine the bases of provisions under IAS 37.
• Compare and contrast the various principles utilized to account for the reimbursement of expenditures required to settle a provision.
• Outline the principles for changes in provisions.
• List the recognition and measurement rules under IAS 37.
• Define the presentation and disclosure requirements under IAS 37.
• Access a checklist on when and how to apply IAS 37.

Delivery Method: Group Internet-Based

Learning Objectives:
From theory to field application, this course provides the relevant background, context and tools to apply IAS 17 Leases under International Financial Reporting Standards. Understand key issues and the most recent amendments to the standard, and gain the practical experience that will help you to accurately and efficiently apply these standards within your organization. At the conclusion of this session you should be able to:

• Define the scope of Leases under International Accounting Standards (IAS 17).
• List the definitions utilized in IAS 17 Leases.
• Outline the criteria utilized to classify Leases under IAS 17.
• Compare and contrast the treatment of Leases of lessees and lessors.
• Outline the principles that are utilized for Sale and Leaseback transactions.
• Access a Lease disclosure requirements checklist.

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Program Level:
Intermediate

Learning Objectives:
Enhance your theoretical knowledge and acquire the hands-on experience that will allow you to navigate the complexities surrounding International Financial Reporting Standards IFRS 2 (Share-based Payment). At the conclusion of this session you should be able to:

• Define the objective and scope of Share-based Payment under IFRS 2
• List the definitions utilized in IFRS 2
• Identify the recognition principles for Share-based Payment
• Compare and contrast Equity-Settled, Cash-Settled and Share-based Payment transactions with Cash Alternatives
• Outline the disclosure requirements
• Access the transitional provisions, and a practical checklist regarding Share-based Payment

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Delivery Method Group Internet-Based

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Learning Objectives:
In the first of this two part course you will review the role of the auditor and the importance of the audit function, including:

Professional Standards:

• GAAS
• GAAP

• Unqualified Opinion
• Qualified (GAAP-Except For)

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

Learning Objectives
In the second of this two part course you will reviwe the role of the auditor and the importance of the audit function, including:

• Adverse
• Qualified (GAAS-Except For)
• Disclaimer of Opinion
• 
  

Reports on Comparative Financial Statements

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

Learning Objectives:
In the first of a two-part course, participants will learn the sources of material misstatements as well as ways to assess the risk of material misstatements and identify any significant audit risks. At the conclusion of this session you should be able to:

• Define Audit Risk
• Outline the AICPA's Audit Risk Assessment Standards
• Compare and contrast the following concepts within the AICPA Audit Risk Assessment Standards

• Reasonable Assurance (SAS No. 104)
• Standards of Fieldwork (SAS No. 105)
• Planning and Supervision (SAS No. 108)
• Understanding the Entity and Environment (SAS No. 107 and 109)

• Outline the methodology utilized to assess the risk of material misstatement
• List the documentation requirements within the audit risk assessment process

Delivery Method:
Self Study

Learning Objectives:
In the second of a two-part course, participants will learn about audit evidence, the testing of controls, and sampling. At the conclusion of this session you should be able to:

• Define Audit Risk
• Outline the AICPA's Audit Risk Assessment Standards
• Compare and contrast the following concepts:

• The Standards of Fieldwork
• Audit Evidence
• Further Audit Procedures
• Tests of Controls
• Substantive Procedures
• Audit Sampling
• Evaluating Audit Evidence

• List the documentation requirements within the audit risk assessment process

Delivery Method:
Self-Study

Learning Objectives:
In the first of a two-part course, participants will receive a foundational understanding of the bankruptcy process and the critical issues facing corporations entering Chapter 11 bankruptcy. At the conclusion of this session you should be able to:

• Understand and define the bankruptcy process
• Explore, and compare and contrast the following concepts:

• Who the players are in the bankruptcy process
• Types of bankruptcy
• Automatic Stay
• Conducting Business
• Creditors' Committee
• Reclamation
• Setoff
• Unexpired Leases
• Preferences

• Outline the issues encountered with Chapter 11 plans

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

Learning Objectives:
The second of a two-part series exploring Chapter 11 bankruptcy will help participants obtain a more fully formed understanding of this complex yet increasingly common business phenomenon. At the conclusion of this session you should be able to:

• Explore, and compare and contrast the following financial reporting issues encountered during bankruptcy:

• Impact on the Balance Sheet
• Statement of Operations
• Statement of Cash Flow
• Disclosure requirements
• Financial reporting issues for entities emerging from Chapter 11

• Define, and compare and contrast the following bankruptcy code provisions:

• Automatic Stay - Section 362
• Sale of Assets - Section 363
• Post petition Security Interest - Section 364
• Executory Contracts - Section 365
• Assertion and Payment of Administrative Payments - Section 503
• Preferences - Section 547
• Setoff - Section 553

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Delivery Method: Group Internet-Based

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• Why is capital budgeting relevant today?
• The steps to be followed in the capital budgeting process,
• Components of cash flow,
• Investment decision criteria (e.g., Net Present Value, Internal Rate of Return, Profitability Index, Payback Period, Discounted Payback Period, and Average Accounting Rate of Return), and
• The application of these concepts.
• Part II examines the following concepts:
• Required Rate of Return,
• Risk Analysis in Capital Investments,
• Optimal Capital Budget and Capital Rationing,
• Real Options, and
• The application of these concepts.

Learning Objectives: Understand the tools used to budget for complex capital projects and learn how to properly use them to drive shareholder value.

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• Required Rate of Return (i.e., Weighted-Average Cost of Capital),
• Risk Analysis in Capital Investments,
• Optimal Capital Budget and Capital Rationing,
• Real Options, and
• The application of these concepts.
• Delivery Method Group Internet-Based

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Delivery Method Group Internet-Based

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Delivery Method: Group Internet-Based

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Learning Objectives:
During this course you will review three forms of corporate distributions: dividends, redemptions and liquidations. You will learn the similarities and differences between them, and gain a practical understanding of the ways tax rules and regulations relate to each. At the conclusion of this session, you should be able to:

• Compare, contrast and apply the essential concepts of corporate distribution:

• Dividends
• Redemptions
• Liquidations

Program Level:
Intermediate

Learning Objectives:
During this course you will review three forms of corporate distributions: dividends, redemptions and liquidations. You will learn the similarities and differences between them, and gain a practical understanding of the ways tax rules and regulations relate to each. At the conclusion of this session, you should be able to:

• Compare, contrast and apply the essential concepts of corporate distribution:

• Dividends
• Redemptions
• Liquidations

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Learning Objectives:
In the first of a two-part course, participants will review the most critical C Corporation tax issues encountered upon formation and preparation of the federal tax return. At the conclusion of this session you should be able to define and/or outline the tax treatment of the following items:

• Formation – e.g., Corporate issuance of stock, Basis of Common Stock
• Income, and Trade or Business deductions – e.g., Bad debts, Executive compensation
• Capital Gains and Losses, Net Operating Losses and General business credits
• Temporary and permanent book and tax differences
• Dividends received deductions
• Depreciation expense, Depletion, Amortization, and Expense deductions in lieu of depreciation
• Sections 1231, 1245 and 1250 assets

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Learning Objectives
In this course, participants will review the most critical C & S Corporation tax issues encountered upon formation, distribution, liquidation, & taxation. At the conclusion of this session you should be able to define and/or outline the tax treatment of the following items:

• C Corporation:

• Taxation - e.g., Filing requirements, Accrual vs. Cash basis, Estimated payments
• Consolidated tax returns
• Corporate Alternative Minimum Tax
• Accumulated earning tax
• Personal Holding Company
• Corporate distributions - e.g., Constructive and Stock dividends
• Corporate liquidations - e.g., Tax free reorganizations

• S Corporation:

• Electing S Corporation status
• The effect of S Corporation election on a corporation - e.g., Calendar year adoption, LIFO recapture tax
• Effect of S Corporation election on shareholders
• Computing shareholder basis in S Corporation stock
• Taxability of distributions to shareholders
• Terminating an S Corporation election

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Learning Objectives
In this course, participants will review the most critical C & S Corporation tax issues encountered upon formation, distribution, liquidation, & taxation. At the conclusion of this session you should be able to define and/or outline the tax treatment of the following items:

• C Corporation:

• Taxation - e.g., Filing requirements, Accrual vs. Cash basis, Estimated payments
• Consolidated tax returns
• Corporate Alternative Minimum Tax
• Accumulated earning tax
• Personal Holding Company
• Corporate distributions - e.g., Constructive and Stock dividends
• Corporate liquidations - e.g., Tax free reorganizations

• S Corporation:

• Electing S Corporation status
• The effect of S Corporation election on a corporation - e.g., Calendar year adoption, LIFO recapture tax
• Effect of S Corporation election on shareholders
• Computing shareholder basis in S Corporation stock
• Taxability of distributions to shareholders
• Terminating an S Corporation election

Program Level:
Intermediate

Learning Objectives:
No two companies are alike, and no two reorganizations are identical. But with an understanding of reorganization fundamentals, domestic reorganizations don't need to be problematic. This course will explore relevant reorganization examples, critical definitions, and appropriate and insightful questions, offering a practical overview of the wide range of domestic reorganization scenarios. At the conclusion of this session, you should be able to:

• Define and apply the essential concepts of corporate reorganizations within:

• Statutory Mergers ("A" Reorganizations)
• Assets for Stock ("C" Reorganizations)
• Stock for Stock ("B" Reorganizations)
• Transfers to Controlled Corporations ("D" Reorganizations)
• Recapitalizations ("E" Reorganizations)
• Change in Name or Place of Incorporation ("F" Reorganizations)
• Insolvency Reorganizations ("G" Reorganizations)
• Corporate Separations

Program Level:
Intermediate

Learning Objectives:
No two companies are alike, and no two reorganizations are identical. But with an understanding of reorganization fundamentals, domestic reorganizations don't need to be problematic. This course will explore relevant reorganization examples, critical definitions, and appropriate and insightful questions, offering a practical overview of the wide range of domestic reorganization scenarios. At the conclusion of this session, you should be able to:

• Define and apply the essential concepts of corporate reorganizations within:

• Statutory Mergers ("A" Reorganizations)
• Assets for Stock ("C" Reorganizations)
• Stock for Stock ("B" Reorganizations)
• Transfers to Controlled Corporations ("D" Reorganizations)
• Recapitalizations ("E" Reorganizations)
• Change in Name or Place of Incorporation ("F" Reorganizations)
• Insolvency Reorganizations ("G" Reorganizations)
• Corporate Separations

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Learning Objectives:
Participants will acquire a practical overview and working knowledge of Internal Revenue Code regulations related to net operating losses (NOLs), particularly Section 382 - the main IRS weapon against NOL abuse - as well as Section 384, which closes a Section 382 loophole. Other sections to be reviewed include 269 and 381. At the conclusion of this session you should be able to:

• Compare and contrast corporate pre-change NOLs vs. post-change income
• List tax impact of the acquisition of corporations with built-in gains
• Identify deduction limitations
• Outline the restrction of acquired losses

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Learning Objectives:
Participants will acquire a practical overview and working knowledge of Internal Revenue Code regulations related to net operating losses (NOLs), particularly Section 382 - the main IRS weapon against NOL abuse - as well as Section 384, which closes a Section 382 loophole. Other sections to be reviewed include 269 and 381. At the conclusion of this session you should be able to:

• Compare and contrast corporate pre-change NOLs vs. post-change income
• List tax impact of the acquisition of corporations with built-in gains
• Identify deduction limitations
• Outline the restrction of acquired losses

Program Level:
Intermediate

Delivery Method Group Internet-Based

Delivery Method Group Internet-Based

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Learning Ojbectives: The FASB Accounting Standards Codificatio is not only a first step in organizing U.S. accounting standards for possilbe convergence with IFRS, but it also has simplified the ability to reserach related issues. This course wil provide a practical overview of the Codification. At the conclusion of this session, you should be able to:

• Understand the back ground on the Codification Project (development & purpose)
• List how the Codification is strctured
• Understand how to conduct accounting and financial reporting research usingthe Codification

Delivery Method Group Internet-Based

Delivery Method Group Internet-Based

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Delivery Method Group Internet-Based

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Learning Objectives:
The focus of the session is to review the requirements for measuring Fair Value under SFAS 157 and how this standard can be implemented. The program will begin with an overview of fair value, and then explore exceptions to the new rules, the unit of accounting, other considerations, the three accepted fair value approaches, the fair value hierarchy, the unit of accounting and finally, the reporting requirements. After completing this session you will be able to:

• Define Fair Value/SFAS 157
• Outline what is not addressed within SFAS 157
• Describe the unit of accounting
• Describe, compare and contrast the following accounting principles:

• Market-based Measures vs. Entity-based Measures
• Exit Price vs. Entry Price
• Market Participants
• Orderly Transactions
• Highest Use/Principal Market vs. Most Advantageous Market
• Transaction Costs

• Define the accounting principles applied when valuing assets and liabilities
• Outline the three available techniques to measuring fair value
• Describe the multiple levels within the Fair Value Hierarchy
• Define the Unit of Valuation utilized within SFAS 157
• Outline the reporting requirements under SFAS 157

Delivery Method:
Self Study

Program Level:
Basic

Learning Objectives For any company, there is a story behind the numbers, and this course will equip you to analyze financial statements and apply ratio analysis to a review of a company's investment attractiveness.

• Short-term liquidity,
• Operating activities analysis,
• Capital structure and solvency, and
• The application of the above concepts.

Part II covers the following topics:

• Common-size financial statements and concepts,
• Profitability ratios,
• Return on invested capital,
• Limitations to ratio analysis, and
• The application of the above concepts.
• Delivery Method: Group Internet-Based

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• Common-size financial statements and concepts,
• Profitability ratios,
• Return on invested capital,
• Limitations to ratio analysis, and
• The application of the above concepts.

Delivery Method: Group Internet-Based

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Learning Objectives: This session will focus on the financial statement disclosures required under the International Accounting Standards. You will specifically learn about the disclosure requirements for Accounting Policies, Changes in Accounting Estimates and Errors, Events after the Reporting Period, Related Party Disclosures, Earning Per Share, Interim Financial Reporting and Operating Segments. At the conclusion of this session you will be able to:

• Define the treatment (e.g., Prior Period Adjustment) of Changes in Accounting Policies and the required disclosures
• List examples of Changes in Accounting Estimates and the respective disclosures
• Define how Prior Period Errors are treated
• Define what constitutes Events after the Reporting Period and how they are disclosed within the financial statements
• Define a Related Party and how it is disclosed within the financial statements
• List how Earnings Per Share is calculated and how it is disclosed
• Define the financial statements included within Interim Financial Reporting as well as the Minimum Explanatory Notes requirement
• Define the rationale for reporting by Operating Segments as well as the associated disclosures
• Access a valuable checklist that can assist in the preparation and presentation of complete and accurate financial statement disclosures under International Accounting Standards (IAS 8, 24, 33, and 34)

Delivery Method: Group Internet-Based

Learning Objectives Through real-world examples and case study, you will examine and learn what constitutes financial statement fraud while heightening your understanding of several critical and related issues, including: Perpetrators, Motives, Warning signs, Methods and types and Detection and prevention techniques. At the conclusion of this session you will be able to:

Delivery Method Group Internet-Based

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Learning Objectives:
Participants will gain a practical understanding of the Foreign Tax Credit's formula and basic principles that relate to individuals and corporations. With useful formulas and relevant examples, this course will also provide an overview of the indirect foreign tax credit as well as the many limitations of the Foreign Tax Credit (FTC). At the conclusion of this session, you should be able to:

• Identify the basic principles of the Foreign Tax Credit and calculate FTC (e.g., What it is, FTC formula, Who may claim FTC)
• Define and calculate the Indirect Foreign Tax Credit
• Compare, contrast and apply the various limitation rules that apply to FTC

Program Level:
Intermediate

Learning Objectives:
Through an exploration of best practices and an in-depth analysis of related issues, participants will define internal control, study its relationship to managerial objectives, understand its limitations and grasp the key characteristics of a sound control environment. At the conclusion of this session you should be able to:

• Describe the Committee of Sponsoring Organizations of the Treadway Commission (COSO) internal control framework and inherent limitations
• Compare, contrast and apply the following within the COSO internal control framework:

• Control environment
• Risk assessment
• Information and communication
• Monitoring
• Existing control activities

• Identify the expectations and limitations within the control framework
• Describe the various roles & responsibilities of internal and external parties as it relates to internal controls
• Review of Internal control best practices

Delivery Method:
Group-Internet Based

Program Level:
Basic

Learning Objectives:
As the primary documented record of work performed and evidence obtained in an audit, workpapers are a critical component of the audit process. In the first part, participants will be presented with auditing standards and workpaper content. At the conclusion of this session you should be able to:

• Define Generally Accepted Auditing Standards
• Outline the components of the Risk Assessment Standards
• Compare and contrast SAS No. 104, 105 and 106
• Define the audit documentation requirements under Generally Accepted Auditing Standards

Delivery Method:
Group Internet-Based

Program Level:
Basic

Learning Objectives:
As the primary documented record of work performed and evidence obtained in an audit, workpapers are a critical component of the audit process. In the second part, participants will learn how to document the various aspects of the audit. At the conclusion of this session you should be able to:

Define the required documentation for the following:

• Planning and Supervision
• Internal Controls
• Substantive Tests

Define the pitfalls to avoid in documentation

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Learning Objectives:
Managers and Partners will gain a working knowledge of the fundamental issues and processes necessary to review audit documentation and workpapers. Ensure that your review procedures comply with Generally Accepted Accounting Standards. In this first part, participants will explore audit risk and management issues around documentation. At the conclusion of this session you should be able to:

• Define the components of Audit Risk and their impact on an audit
• Compare and contrast SAS No. 107, 109 and 110
• Identify Management considerations regarding documentation - e.g., Completion of Continuing Professional Education, Evaluations of staff following each engagement
• Define the various documentation elements when considering Risk Assessment - e.g., Financial Statement, Control

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

Learning Objectives:
Managers and Partners will gain a working knowledge of the fundamental issues and processes necessary to review audit documentation and workpapers. Ensure that your review procedures comply with Generally Accepted Accounting Standards. In this second part, participants will continue to explore documentation as well as SAS No. 111. At the conclusion of this session you should be able to:

• Compare and contrast the documentation required for specific accounts - e.g., Cash, Inventories, Revenue
• Define the objectives/purpose of reviewing audit documentation
• Access to checklist that help ensure a thorough review as well as providing a means to documenting a review
• Access to a list of common shortcomings of audit documentation
• Outline the key components of SAS No. 111

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

Delivery Method: Group Internet-Based

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Learning Objectives:
The continued globalization of accounting financial standards has significantly altered the landscape surrounding the accounting for and presentation of Revenue (IAS 18) and Construction Contracts (IAS 11). Compliance requires a sound understanding of theoretical knowledge supported by relevant hands-on experience. At the conclusion of this session you should be able to:

• Define the scope of Revenue under IAS 18.
• List the definitions utilized in IAS 18.
• Outline how Revenue is measured.
• Compare and contrast Revenue Recognition principles for the Sale of Goods, Rendering of Services, Interest, Royalties and Dividends.
• Define the disclosure requirements under IAS 18.

• Define the scope of Construction Contracts under IAS 11.
• List the definitions utilized in IAS 11.
• Outline the principles followed for the accounting of Construction Contracts under IAS 11.
• Define the disclosure requirements under IAS 11.

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

Learning Objectives:
In this first of a two-part course we examine the continued globalization of the accounting financial standards and its impact on the accounting for and presentation of Business Combinations (IFRS 3). You will specifically explore the initial accounting for Business Combinations under the Acquisition Method. At the conclusion of this session you should be able to:

• Define the objective and scope of Business Combinations under IFRS 3.
• Outline the principles followed for the initial accounting for Business Combinations: Acquisition Method.

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Learning Objectives:
In the second of a two-part course we examine the continued globalization of the accounting financial standards and its impact on the accounting for and presentation of Business Combinations (IFRS 3). You will gain theoretical knowledge supported by relevant hands-on experience of the principles utilized under IFRS 3. At the conclusion of this session, you should be able to:

• Compare and contrast the accounting for business combinations under step acquisition and those achieved without consideration.
• Outline the principles followed for subsequent measurement and accounting.
• Identify the disclosure requirements under IFRS 3.
• List the definitions utilized in IFRS 3.
• Compare and contrast the accounting for business combinations under IFRS vs. U.S. GAAP.

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Delivery Method Group Internet-Based

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Learning Objectives:
In the first of a two-part course, participants will learn how to properly account and present Investments in Associates (IAS 28). Compliance requires a sound understanding of theoretical knowledge supported by relevant hands-on experience. At the conclusion of this session you should be able to:

• Define the objectives and scope of Investments in Associates (IAS 28)
• Identify the definitions utilized within IAS 28
• Apply the Equity Method
• Describe when an investor is required to prepare separate financial statements under IAS 28
• Outline the disclosure requirements under IAS 28

Prgorm Level:
Intermediate

Learning Objectives:
In the second of a two-part course, participants will learn how to properly account and present Interests in Joint Ventures (IAS 31). Compliance requires a sound understanding of theoretical knowledge supported by relevant hands-on experience. At the conclusion of this session you should be able to:

• Outline the objectives and scope of Interests in Joint Ventures (IAS 31)
• Identify the definitions utilized with IAS 31
• Compare and contrast the accounting for jointly controlled operations, assets, and entities
• Describe when a venture is required to prepare separate financial statements under IAS 31 and the appropriate accounting involved
• Outline the disclosure requirements under IAS 31
• Access a practical disclosure checklist

Prgorm Level:
Intermediate

Delivery Method: Group Internet-Based

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Delivery Method: Group Internet-Based

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Learning Objectives:
The continued globalization of accounting financial standards has significantly altered the landscape surrounding the accounting and presentation of Financial Instruments (IAS 39 and 32). Compliance requires a sound understanding of theoretical knowledge supported by relevant hands-on experience. At the conclusion of this session you should be able to:

• Financial Instruments: Recognition and Measurement (IAS 39)

• Define the objective and scope of Financial Instruments: Recognition and Measurement under IAS 39.
• List the definitions utilized in IAS 39.
• Define an Embedded Derivative.
• Compare and contrast the principles followed under Recognition and De-recognition of Financial Instruments.
• Outline the four categories that financial assets fall within.
• Define the various Hedging Relationships, the conditions that must be met before Hedge Accounting is permitted and the respective accounting treatment.

• Financial Instruments: Presentation (IAS 32)

• Define the objective and scope of Financial Instruments: Presentation under IAS 32.
• List the definitions utilized in IAS 32.
• Outline the conditions that must be met when classifying a Financial Instrument as either a liability or equity.
• Compare and contrast the presentation of Compound Financial Instruments, Treasury Shares, and Interest, Dividends, Losses and Gains.
• Outline the conditions that must be met when offsetting Financial assets and liabilities.

• Access a glossary of defined terms.

Delivery Method:
Self Study

Program Level:
Intermediate

Learning Objcetives:
The continued globalization of accounting financial standards has significantly altered the landscape surrounding the accounting and presentation of Consolidated and Separate Financial Statements (IAS 27). Compliance requires a sound understanding of theoretical knowledge supported by relevant hands-on experience. At the conclusion of this session you should be able to:

• Define the objective and scope of Consolidated and Separate Financial Statements under IAS 27.
• List the definitions utilized in IAS 27.
• Outline the principles followed when a parent company has to present Consolidated Financial Statements and when it has a choice to present Separate Financial Statements under IAS 27.
• Define the Consolidation procedures outlined within IAS 27.
• Compare and contrast the principles utilized for the accounting of Loss of Control, Investment in Subsidiaries, Jointly Controlled Entities, and Associates in Separate Financial Statements.
• Outline the disclosure requirements under IAS 27.
• Access a consolidation guidelines checklist.

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Learning Objectives
Clarify the sometimes confusing and often misunderstood Rule 101, which defines CPA independence.

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Learning Objectives:
In this first of two parts, participants will examine the tax laws applicable to preparation of the Individual Income Tax Return/Form 1040. At the conclusion of this session you should be able to:

• Define the hierarchy of authority in tax law
• Apply the rules for determining Filing Status
• Explain the rules determining Personal and Dependency Exemptions
• Explain what is included and excluded from Gross Income
• Understand the rules for classifying, netting and reporting Capital Gains and Losses

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Learning Objectives:
The second of this two-part course continues its examination of the tax laws applicable to preparation of the Individual Income Tax Return/Form 1040. At the conclusion of this session you should be able to:

• Identify and apply the rules for determining Adjustments in arriving at Adjusted Gross Income
• Identify and apply the rules for determining Itemized Deductions and the related limitations
• Identify and calculate eligible Tax Credits
• Determine the Alternative Minimum Tax liability

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Learning Objectives:
The complications of U.S. tax law are compounded by unique requirements regarding the taxation of inbound transactions. Understanding and applying these tax laws are exceedingly complicated - and critical - in today's increasingly globalized economy. At the conclusion of this session you should be able to:

• Identify the purpose of Tax Treaties
• Describe U.S. Source Income
• Outline the taxation of FDAP Income (fixed, determinable, annual or periodic) and ECI (Effectively Connected Income)
• Define how the disposition of U.S. Real Property Interest (USRPI) is treated for tax purposes and the withholding and reporting requirements
• Summarize Branch Profits Tax (BPT) and how BPT is applied
• List the tax treatment of deductions

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Learning Objectives:
The complications of U.S. tax law are compounded by unique requirements regarding the taxation of inbound transactions. Understanding and applying these tax laws are exceedingly complicated - and critical - in today's increasingly globalized economy. At the conclusion of this session you should be able to:

• Identify the purpose of Tax Treaties
• Describe U.S. Source Income
• Outline the taxation of FDAP Income (fixed, determinable, annual or periodic) and ECI (Effectively Connected Income)
• Define how the disposition of U.S. Real Property Interest (USRPI) is treated for tax purposes and the withholding and reporting requirements
• Summarize Branch Profits Tax (BPT) and how BPT is applied
• List the tax treatment of deductions

Program Level:
Advanced

Delivery Method: Group Internet-Based

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Delivery Method: Group Internet-Based

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Learning Objectives: In the first of a two-part series, this course will offer a detailed examination of the foundations of modern macroeconomics, as well as diverse views of the way the economy works. Differing economic models will be explored, and tools that facilitate the study of the economy – including a wide range of economic formulas – will be presented. At the conclusion of this session you should be able to:

• Compare and contrast the definitions and concepts utilized in economics and macroeconomics theory. In particular you will explore, examine and apply the following concepts:
• GDP and GNP
• National income and personal income
• Aggregate demand and supply
• Say's law
• Keynesian theory
• Define the business cycle and what economic conditions drive it
• List the various types of unemployment and how to measure it
• Define how to measure inflation

Delivery Method: Group Internet-Based

Learning Objectives: This second of a two-part series concludes with a critical examination of conflicting economic models and theories, along with inherent problems when policy is used to manage the economy. At the conclusion of this session you should be able to:

• Define fiscal policy and compare and contrast the key levers of fiscal policy - e.g., tax and spending policy
• Outline the definition of money supply
• Define the role of the Federal Reserve within the banking system and the associated levers that the Federal Reserve has at its disposal
• 
  Define monetary policy. In addition you explore, examine and apply the following concepts:
• Determinants of the demand and supply of money
• Short and long run effects of monetary policy
• Underemployed and fully employed economy
• Quantity Theory of Money
• Examine how expectations can impact the economy

Delivery Method: Group Internet-Based

• Required seven tables,
• Guidance regarding related party transactions,
• Corporate governance disclosures,
• Beneficial ownership disclosures,
• When Form 8-K amendments are required as well as, and
• A seven step action plan on how to successfully prepare the CD&A portion of your financial package.

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• FFR 72
• Item 303 of the Regulations S-K
• Section 501 of Reg S-K
• SAB guidance
• MD&A in Interim periods
• Delivery Method Group Internet-Based

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Learning Objectives:
In the first of a two-part series, participants will be engaged in discussions that integrate detailed charts with proven equations and formulas that provide a practical understanding of the fundamental issues related to microeconomics. At the conclusion of this session you should be able to:

• Compare and contrast the elemental concepts of microeconomics - e.g., Laws of Supply and Demand, Shortages and Surpluses
• Define and apply the concepts utilized within microeconomics -

• Demand and Consumer choice
• Costs and the Supply of Goods

Program Level:
Intermediate

Learning Objectives:
Critical legal and tax-related differences among limited partnerships, limited liability companies, and limited liability partnerships present unique challenges that require a thorough understanding of IRS and legal regulations. At the conclusion of this session you will be able to:

• Define the characteristics of a Limited Partnership, partner rights, the assigning of a partnership interest, and the dissociation and dissolution
• Compare & contrast the characteristics of a Limited Liability Company, member rights, continuity of life, the choice of entity considerations, and liquidation considerations
• Define why Limited Liability Partnerships have emerged and their available legal protection
• Compare & contrast S Corps vs. Limited Partnerships, Limited Liability Partnerships and a Limited Liability Companies
• Define & calculate the tax consequences associated with the formation, operation, income distribution and liquidation of a partnership

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Delivery Method Group Internet-Based

Learning Objectives To understand GAAP requirements and when to recognize revenue in delivery of products and services and multiple element arrangements.

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Learning Objectives Avoid the many traps related to recognizing revenue in the delivery of products and services while you become familiar with GAAP requirements of revenue recognition including multiple element arrangements as well as deferred costs.

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Learning Objectives:
Solidify your knowledge of the Sarbanes-Oxley act and the far-reaching impact it's had on the accounting profession.

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Learning Objectives:
The focus of the session is to provide an understanding of the criteria for determining "functional currency," applying the translation (current) method and applying the re-measurement (temporal) method. The course will offer examples and exercises to better enable participants to apply what they learn in this program. After completing this session you will be able to:

• Outline the measurement methods and current cost determination, and the classification of the balance sheet into monetary and non-monetary items under SFAS 89
• Define the objectives and purpose of SFAS 52(Foreign Currency Translation)
• Explain the critical definitions within SFAS 52
• List the critical steps in restating foreign financial statements
• Compare and contrast, and apply the proper accounting treatment under the following methods:

• Translation (Current) method
• Remeasurement (Temporal) method

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Learning Objectives It's a rapidly evolving world today, and success demands the ability to plan at both the strategic and tactical levels. Participants will learn how strategic analysis, strategic and tactical plans, and the budgeting process interact with one another. They will also learn the underlying core concepts and process of successful planning and budgeting. Part I explores the:

• Introduction of the Planning process and strategic planning concepts (e.g., SWOT, Value Chain Analysis), and
• Budgeting core concepts and process.

Part II examines the following concepts:

• Mechanics of Annual Plan Budgeting (e.g., Operating, Financial),
• The respective benefits and limitation of the Annual Plan,
• Activity-Based Budgeting,
• Zero-Based Budgeting,
• Rolling Budget,
• Forecasting core concepts and process, and
• The application of the above concepts.

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Learning Objectives It's a rapidly evolving world today, and success demands the ability to plan at both the strategic and tactical levels. Participants will learn how strategic analysis, strategic and tactical plans, and the budgeting process interact with one another. They will also learn the underlying core concepts and process of successful planning and budgeting. Part II examines the following concepts:

• Mechanics of Annual Plan Budgeting (e.g., Operating, Financial),
• The respective benefits and limitation of the Annual Plan,
• Activity-Based Budgeting,
• Zero-Based Budgeting,
• Rolling Budget,
• Forecasting core concepts and process, and
• The application of the above concepts.

Delivery Method: Group Internet-Based

Delivery Method Group Internet-Based

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Delivery Method Group Internet-Based

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Delivery Method Group Internet-Based

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Learning Objectives:
Controlled Foreign Corporations (CFCs) under the U.S. tax code pose unique challenges. Gain a practical understanding of the complexities related to CFC income and obtain the sound fundamentals that can keep an organization in compliance with stringent and complicated tax laws. At the conclusion of this session you should be able to:

• Define a Controlled Foreign Corporation
• Compare, contrast and apply how Controlled Foreign Corporation's Shareholders are taxed
• Examine, define and apply:
• 
  

• Basis adjustments
• Foreign tax credit
• Blocked income
• Reporting

Program Level:
Advanced

Learning Objectives:
Controlled Foreign Corporations (CFCs) under the U.S. tax code pose unique challenges. Gain a practical understanding of the complexities related to CFC income and obtain the sound fundamentals that can keep an organization in compliance with stringent and complicated tax laws. At the conclusion of this session you should be able to:

• Define a Controlled Foreign Corporation
• Compare, contrast and apply how Controlled Foreign Corporation's Shareholders are taxed
• Examine, define and apply:
• 
  

• Basis adjustments
• Foreign tax credit
• Blocked income
• Reporting

Program Level:
Advanced

Delivery Method: Group Internet-Based

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Learning Objectives:
Put the struggles of conforming with the "Risk Assessment Standards" (SASs 104-111) behind you, while ensuring you're in compliance with SAB 108, Quantifying Misstatements.

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Learning Objectives:
Obtain practical, relevant and helpful insight into two critical divisions within the U.S. Securities and Exchange Commission - the Division of Corporation Finance and the Division of Enforcement. You will also explore recent trends in comment letters and enforcement actions. A 10-K overview will give participants a clear understanding of this document's requirements, obligations and policies. At the conclusion of this session, you should be able to:

• Define the structure and purpose of the U.S. Securities and Exchange Commission (SEC)
• Outline the structure, components and registrant filing requirements of a 10-K
• Identify recent trends in U.S. SEC Comment Letters
• Compare and contrast recent trends in enforcement actions

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Delivery Method: Group Internet-Based

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Delivery Method Group Internet-Based

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Learning Objectives:
Through real-world examples and case studies, you will examine and learn specifically about FASB Interpretation Nos. 46/46R and ARB No. 51. This course focuses on defining and identifying variable interests in a business. At the conclusion of this session you will be able to:

• Define the various combination/consolidations methods
• List examples of variable interest entities
• Define the two valuation techniques
• Outline the FIN 46R exemptions
• List the criteria that must be met in order for an organization to be categorized as a variable interest

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Learning Objectives:
Through real-world examples and case studies, you will examine and learn specifically about FASB Interpretation Nos. 46/46R, and ARB No. 51. This course focuses on the testing utilized to determine if an organization qualifies as a variable interest entity. At the conclusion of this session you will be able to:

Identify the primary beneficiary of a variable interest entity and how the following items impact the beneficiary/who consolidates the variable interest entity:

• Expected losses
• Rights to residual returns
• Voting rights

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Learning Objectives:
Through real-world examples and case studies, you will examine and learn specifically about FASB Interpretation Nos. 46/46R, and ARB No. 51. This course focuses on defining and identifying the primary beneficiary. At the conclusion of this session you will be able to:

• Determine if your organization is required to follow the related party disclosure rules (SFAS 57)
• Define what it is meant to be an affiliate of the enterprise
• List the methods for determining the primary beneficiary
• List the variable interest entity disclosure requirements for those that meet the primary beneficiary requirements or hold a significant variable interest

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