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Not only is revenue recognition among the most critical reporting areas accountants face, but it also provides more than its fair share of complexity. Compounding matters is the fact that the rules are changing—a new joint standard for revenue recognition has been drafted. Acquire the practical knowledge that will allow you to accurately identify and resolve revenue recognition issues despite today's shifting landscape.

Learning Objectives:
This course will provide an effective examination of the proposed new standard for recognition and its related issues. Side-by-side presentations make it easy to see how the changes relate to current standards, and real-world examples illustrate industry-specific impacts. Participants will learn to identify and resolve revenue recognition issues related to the delivery of products and services while becoming familiar with GAAP requirements, including multiple element arrangements. At the conclusion of this session you will be able to:

• Outline the proposed new standard for Revenue Recognition—e.g., Core principles/Five steps
• Define other considerations when applying the new standard—e.g., Breakage, Contract modifications, Financial statement presentation
• Identify industry specific impact—e.g., Aerospace/Defense, Construction, Technology, Life Science, Retail & Consumer, Media & Entertainment, and Telecommunications

Delivery Method:
Group Internet-based

Program Level:
Intermediate

Different definitions and guidance in the measurement of fair value have led to inconsistency and added complexity in Generally Accepted Accounting Principles. And with more than 60 FASB standards dependent on fair value measurements, a practical understanding of ASC 820 (SFAS 157) is critical. Gain the practical insight that can help bring transparency and accuracy to your organization's financial statements.

Learning Objectives:
This course will begin with a practical overview of fair value and recent standards updates. Participants will review ASC 820 (SFAS 157) requirements and learn how the standards apply to investment securities, future obligations, and a variety of assets and liabilities. After completing this session you will be able to:

• Define Fair Value (ASC 820)
• Outline what is not addressed within ASC 820
• Describe the unit of accounting
• Describe, compare and contrast the following considerations/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
• Transportation

• 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 ASC 820
• Outline the reporting requirements under ASC 820

Delivery Method:
Group Internet-based

Program Level:
Basic

Special valuation scenarios require not just a sound understanding of the basics, but the ability to correctly identify and appropriately address the many unique issues that frequently arise. This course provides a summary of appraisers' common valuation methods, as well as an overview of the most common special valuation scenarios and issues and the right techniques to apply in each unique situation.

Learning Objectives:
Participants will review the relevant definitions, rules and regulations, and current best practices critical in the performance of sound business valuations. At the conclusion of this session you will be able to:

• Define the valuation methods for:

• Stocks & Bonds
• Debt Securities
• Preferred Stock
• Stock Options
• S Corporation Stock and Pass-Through Entities
• Intangible Assets

• Compare and contrast the valuation methods utilized for:

• Estate & Gift Taxes
• Stock transactions

• Compare and contrast the valuation methods utilized for:

• Buy and sell agreements
• Employee stock ownership plans

• Define how Dissenting Stockholder & Minority Oppressions claims arise and the valuation methods utilized
• Outline the valuation methodologies utilized for Divorce purposes
• Define the valuation methodologies utilized for Professional Practices
• Valuation of Economic Damages in Litigation:

• Outline typical commercial litigation scenarios
• Define the common problems

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

With in-depth discussion augmented by detailed, relevant and practical charts and tables, participants will define what it means to be a Controlled Foreign Corporation (CFC), and gain a solid working knowledge of shareholder taxation in the often-challenging CFC environment. Topics to be addressed include an overview of CFC-related issues and the nuances of previously taxed income.

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 will be able to:

• Define a Controlled Foreign Corporation
• Compare, contrast and apply how Controlled Foreign Corporation's Shareholders are taxed
• Examine, define and apply:
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• Basis adjustments
• Foreign tax credit
• Blocked income
• Reporting

Delivery Method:
Group Internet-based

Program Level:
Advanced

Small, closely held businesses that comprise the backbone of the U.S. economy are increasingly organized as Limited Liability Companies (LLCs). Multiple-member LLCs and other partnerships present a variety of appealing benefits along with important tax implications. Explore the differences between partnerships and other relationships, as well as the fundamentals of partnerships and LLCs.

Learning Objectives:
In this session participants will explore key definitions and dissect relevant examples, and gain a practical understanding of multiple-member LLCs and partnerships that readily translates into real-world applications.  After completing this session you will be able to:

• Compare and contrast the various legal/tax entities (e.g., General Partnerships, Limited Partnerships, Limited Liability Companies)
• Define the differences between partnerships and other relationships
• Outline general principles followed when forming and electing out of a partnership as well as the anti-abuse rules
• Describe how to obtain a partnership interest for property
• Define how to be a receipt of partnership for services
• Compare and contrast how liabilities are treated within a Partnership (e.g., how liabilities affect a capital account, how they affect basis, allocating liabilities)

Delivery Method:
Group Internet-Based

Program Level:
Intermediate

With real benefits and limitations - including its ability to reduce a taxpayer's domestic tax liability - Foreign Tax Credit (FTC) is a critical component of the Internal Revenue Code. Learn how to maximize the use and benefits of FTC.

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 will 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

Devlivery Method:
Group Internet-based

Program Level:
Intermediate

Several recent changes to the U.S. Tax Code present significant ramifications in 2011 and 2012. See what the revisions mean for companies large and small, learn how to comply with new reporting requirements, and see how companies can ensure they claim all the tax credits and deductions they are due.

Learning Objectives:
Participants will learn how tax law changes mean new challenges for companies filing their 2011 and 2012 taxes. You’ll also see what to expect as the IRS continues its three-year plan to audit more than 6,000 businesses for compliance in four key areas. After completing this session you will be able to define:

• Purpose of the National Research Program Audits
• Tax benefits of investing in and offering qualified small business stock
• Revisions to Form 1099 reporting rules
• Tax credits and deductions available to small businesses in 2011 and 2012
• Employer provided health coverage reporting requirements
• Strategies that businesses may deploy to reduce the amount of tax owed

Delivery Method:
Group Internet-based

Program Level:
Intermediate

Corporations are confronted with a multitude of issues when providing taxable corporate distributions to stockholders. During this session, participants will review the tax rules and regulations governing dividends, redemptions and liquidations by exploring definitions, similarities, and examples that provide relevant illustrations and review of key points.

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 will be able to:

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

• Dividends
• Redemptions
• Liquidations

Delivery Method:
Group Internet-Based

Program Level:
Intermediate