CPE Course Search

Recent and significant changes to accounting for derivatives and hedging activities (ASC 815/SFAS 133 & 149) have meant additional complexities as corporations today seek to neutralize their economic risk. Learn how to account for hedging and derivatives activities and ensure compliance with the new standard.

Learning Objectives:
Using relevant examples and illustrations, participants will explore the specifics of ASC 815 and how the revised standards differ from previous guidance. Review the hedging activities and derivative instruments available today, and separate myth from reality as you gain the knowledge and hands-on experience that can ensure compliance. After completing this session you will be able to:

• Outline the risks that corporations face
• Compare and contrast foreign exchange and derivative instruments
• Outline the key accounting principles followed under ASC 815
• Compare, contrast and apply reporting of Comprehensive Income under ASC 220 (SFAS 130)
• Identify the criteria to utilize hedge accounting principles – e.g., formal documentation, hedge effectiveness, ineffective hedges
• Define the three types of FX Risk, FX Hedging philosophy, the associated FX terminology, review embedded derivatives and the calculations utilized to determine a gain or loss on currency hedging activities
• Define embedded derivatives and common variations under ASC 815

Delivery Method:
Self-Study

View course demo >>

Program Level:
Basic

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

Today's business world moves fast, and nowhere does change come more rapidly than in the accounting environment, where new software revenue and expense recognition rules demand adaptability, vigilance, and a sound understanding of the most current standards and amendments. Obtain the critical background and practical skills that ensure success and compliance despite this continually shifting landscape.

Learning Objectives:
By exploring relevant examples and definitions, recent changes, and critical subtleties, participants will obtain a working knowledge of current standards and the accounting practices specifically required in today's software revenue and expense recognition arena. After completing this session you will be able to:

• Define the scope of ASC 985 (SOP 97-2)
• Compare, contrast and apply the revenue recognition criteria defined within ASC 985
• Compare and contrast and define the process followed to properly account for multiple element arrangements under ASC 985 (SOP 97-2)
• Outline and apply the principles utilized to account for Research & Development costs under ASC 730 (SFAS 2)
• Compare and contrast the principles utilized to account and disclose the Cost of Computer Software to be Sold, Leased, or Otherwise Marketed under ASC 985 (SFAS 86)
• Define the principles utilized to account for Cost of Computer Software Developed or Obtained for Internal Use under ASC 350 (SPO 98-1)
• Access to a listing of various definitions

Delivery Method:
Self-Study

View course demo >>

Program Level:
Basic

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

Revenue recognition is one of today's most critical and difficult reporting area both for accountants and standard setters. In this two-part course we will cover the multiple pieces of authoritative literature, including ASC 605 and ASC 605 - 25 (SAB 101 and SAB 104). Gaps in guidance mean challenges are ongoing. Begin your examination of revenue recognition by gaining a valuable familiarity with GAAP requirements, and learn how to recognize revenue from services, products and multiple element arrangements.

Learning Objectives:
In this first of Becker's two-part series on Revenue Recognition you will examine relevant examples, insightful Q&A's that address significant and contemporary issues, and a practical recognition checklist. You will be well-positioned to transfer classroom learning to real world application. After completing this session you will be able to:

• Define the four contract criteria that must be met before revenue can be recognized under ASC 605 (SAB 104)
• Outline and apply the requirements to meet the "persuasive evidence of an arrangement" criterion
• Compare and contrast the requirements to meet the "delivery has occurred or services have been rendered" criterion and apply these concepts via illustrative examples.
• This session will specifically address - Risk & Rewards, Acceptance Clauses, Unfulfilled Obligations/Upfront Fees, and Consignment/Demonstration and Bill & Hold Arrangements

Delivery Method:
Self-Study

View course demo >>

Program Level:
Basic

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

Revenue recognition is one of today's most critical and difficult reporting area both for accountants and standard setters. In this two-part course we will cover the multiple pieces of authoritative literature, including ASC 605 and ASC 605 - 25 (SAB 101 and SAB 104). Gaps in guidance mean challenges are ongoing. Begin your examination of revenue recognition by gaining a valuable familiarity with GAAP requirements, and learn how to recognize revenue from services, products and multiple element arrangements.

Learning Objectives:
In this second of Becker's two-part series on Revenue Recognition you will examine relevant examples, insightful Q&A's that address significant and contemporary issues, and a practical recognition checklist You will be well-positioned to transfer classroom learning to real world application. After completing this session you will be able to:

• Outline and apply the requirements to meet the "price is fixed and determinable" criterion
• Define and apply the requirements to meet the "collection is reasonable assured" criterion
• Compare and contrast the principles and define the process followed for revenue arrangements with multiple deliverables (ASC 605-25/EITF 00-21)
• Outline the principles followed to properly account for deferred cost
• Access to a revenue recognition checklist

Delivery Method:
Self-Study

View course demo >>

Program Level:
Basic

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

The global adoption of International Financial Reporting Standards has ushered in new and evolving complexities and nuances related to the accounting and presentation of Consolidated and Separate Financial Statements (IAS 27). Learn how to effectively apply these standards within your organization.

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 will 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.

Delivery Method:
Self-Study

View course demo >>

Program Level:
Intermediate

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

Auditors who unknowingly fail to appropriately modify their opinions on financial statements that are materially misstated pose a serious audit risk.  In this two-part course, obtain the skills to navigate the currently evolving audit standards.

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 will 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

View course demo >>

Program Level:
Basic

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

The global adoption of International Financial Reporting Standards has ushered in new and evolving complexities and nuances related to the accounting and presentation of Investments in Associates (IAS 28) and Interests in Joint Ventures (IAS 31). Learn how to effectively apply these standards within your organization.

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 will 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

Delivery Method:
Self Study

View course demo >>

Prgorm Level:
Intermediate

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

Auditors who unknowingly fail to appropriately modify their opinions on financial statements that are materially misstated pose a serious audit risk. In this two-part course, obtain the skills to navigate the currently evolving audit standards.

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 will 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

View course demo >>

Program Level:
Basic

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

The global adoption of International Financial Reporting Standards has ushered in new and evolving complexities and nuances related to the accounting and presentation of Investments in Associates (IAS 28) and Interests in Joint Ventures (IAS 31). Learn how to effectively apply these standards within your organization.

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 will 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

Delivery Method:
Self-Study

View course demo >>

Prgorm Level:
Intermediate

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.

The quality of single audits have been of recent concern. In 2007, a national study recently showed that more than half of single audits filed by organizations receiving federal assistance were either defective or unacceptable. These unhealthy reports led to disciplinary action against CPAs. But most of the problems are common and can be cured by becoming familiar with revised compliance standard, understanding single audit regulations, and becoming familiar with audit guidance and practice aids.

Learning Objectives:
Gain an overview of the single audits process and requirements. Learn the current standards, guidance, and practice aids for such audits. Review the latest revised compliance supplement issued by the Office of Management and Budget (OMB). The most common problems found on single audits are lack of documentation and lack of professional care. At the conclusion of this session you will be able to:

• Understand the objective and purpose of A-133 single audits
• Compare and contrast Single Audit history, background and purpose
• Define the entities that fall within the scope of a Single Audit
• Outline the common problems with Single Audits
• Define the objectives, findings and recommendations of the President's Council on Integrity and Efficiency National Single Audit sampling project
• Compare and contrast the actions to address A-133 Single Audit problems/OMB guidance - e.g., Revised compliance supplement and requirements
• Describe the AICPA's actions to address Single Audit deficiencies

Government, Government Accounting, Government Auditing, Governmental, Governmental Accounting, and Governmental Auditing

Delivery Method:
Self-Study View course demo >>

Program Level:
Intermediate

Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.