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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
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)
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
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
Final Examination:
To receive CPE credit, NASBA requires that the final Examination be
successfully completed within one year from the date of purchase.
Sharpen your understanding of the International Financial Reporting
Standards framework for presentation and preparation. Grasp the
fundamental concepts at the heart of the international standards,
and examine the critical role the Norwalk-Conversion program has
played in the convergence of U.S. GAAP and IFRS. Learn how to
define, recognize and measure elements of financial statements, as
well as how to address capital and capital maintenance.
Learning Objectives:
In this session you will examine the fundamental concepts and
characteristics of International Financial Reporting Standards. At
the conclusion of this session you will be able to:
List the sources of International Financial Reporting Standards
(IFRS)
Define the purpose of the Norwalk Agreement
List the fundamental concepts underlying IFRS (e.g., full
disclosure principle, accrual accounting principle, prudence
principle, reporting entity assumption)
Define the qualitative characteristics underlying IFRS (i.e.,
understandability, relevance, reliability, and comparability)
Compare and contrast the definition of assets, liabilities,
equity, income and expenses, recognition criteria and the different
measurement basis
Compare the two concepts of capital and define the concept of
capital maintenance
Final Examination:
To receive CPE credit, NASBA requires that the final Examination be
successfully completed within one year from the date of purchase.
According to an Association of Certified Fraud Examiners study,
asset misappropriation is the most common type of corporate fraud
in the United States today. And while the study only considered the
misappropriation of corporate assets, a look at recent headlines
confirms that all forms of asset misappropriation are common in
today's business world, including larceny, skimming, fraudulent
disbursements and embezzlement of client funds. Gain an insider's
understanding of who is misappropriating assets, how and why
they're doing it, and how to protect yourself, your company and
your clients.
Learning Objectives:
Don't expose yourself or others to opportunistic white-collar
criminals. Participants in this course will investigate the nature
and details of the most common forms of asset misappropriation. At
the conclusion of this session you will be able to:
Define asset misappropriations
Outline the types of asset misappropriations
Define asset misappropriation facts
Gain insights into who are the perpetrators of asset
misappropriations and their motives
Understand and identify the warning signs of asset
misappropriations
Outline and methods of concealing asset misappropriations
Understand and identify corporate and client schemes and
solutions
Final Examination:
To receive CPE credit, NASBA requires that the final Examination be
successfully completed within one year from the date of purchase.
Don't let corruption go unchecked on your watch. In this course,
learn how and why corruption happens, and how to deter and detect
it in your organization.
Learning Objectives:
The World Bank has identified corruption as the single greatest
obstacle to economic and social development. Corruption distorts
competition, downgrades the quality of goods and services, slows
economic development and undermines business ethics. In your
organization, corruption carries the risk of legal liability, loss
of stock value, and more. At the conclusion of this session you
will be able to:
Compare & contrast Corruption, Asset Misappropriation &
Fraudulent Statements within the Occupational Fraud & Abuse
Classification system
Outline corruption common facts & figures
Gain insights into who are the perpetrators of corruption &
their motives
Define the red flags & warning signs of corruption
Determine how to identify & detect corruption
Foreign Corruption Practices Act –
Definition, case studies & the impact on your organization
Gain insights into how to deter & prevent corruption in
your organization
Final Examination:
To receive CPE credit, NASBA requires that the final Examination be
successfully completed within one year from the date of purchase.
Don't let corruption go unchecked on your watch. In this course,
learn how and why corruption happens, and how to deter and detect
it in your organization.
Learning Objectives:
The Foreign Corrupt Practices Act (FCPA) prohibits bribery of
foreign officials in exchange for contracts and other favors. With
enforcement against both businesses and executives at an all-time
high, it's essential for any company doing business abroad to know
this complex law and maintain an effective compliance program.
 Learn how foreign corruption is defined and the
proactive steps your business can take to manage risk. At the
conclusion of this session you should be able to:
Understand the parameters of the Foreign Corruption Practices
Act - What is allowable and what is not
Outline the penalties within the Foreign Corruption Practices
Act
Compare and contrast various case studies
Gain insight on how to deter and prevent corruption in your
organization
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.
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 reporting of the Exploration for and Evaluation
of Mineral Resources (IFRS 6). Learn how to effectively apply these
standards within your organization.
Learning Objectives:
The continued globalization of accounting financial standards has
significantly altered the landscape surrounding the accounting and
reporting of the Exploration for and Evaluation of Mineral
Resources (IFRS 6). 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 with the Exploration for and
Evaluation of Mineral Resources (IFRS 6)
Compare and contrast the principles utilized to recognize
Exploration for and Evaluation of Mineral Resources (IFRS 6)
Determine how to present the Exploration for and Evaluation of
Mineral Resources under IFRS 6
Outline the rules followed to determine when to recognize and
how to measure an impairment loss for exploration and evaluation
assets under IFRS 6
Final Examination:
To receive CPE credit, NASBA requires that the final Examination be
successfully completed within one year from the date of purchase.
Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00068600, Texas: 009580, Ohio: CPE.186, Illinois: 158.002405, Pennsylvania: PX177823
Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA), as a Quality Assurance Service sponsor of continuing professional education. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site:www.nasba.org
Becker Professional Education Sponsor I.D. Number QAS: 073
