The Theory Behind What We Do FLEXCAST
Available Until
Your Desk
2.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Understanding the foundation of accounting theory is pivotal yet often overlooked in the modern rush of financial reporting. In today’s complex financial landscape, it’s not enough to mechanically prepare statements; one must grasp the underlying principles dating back to 1494 to ensure accuracy and relevance in financial reporting. This course, led by the dynamic Jeff Sailor, will not only illuminate the theory behind financial statements but also guide you in making informed decisions for both GAAP and other accounting bases. Expect an engaging learning experience with Jeff’s unique style and entertaining video parodies, ensuring you stay alert and absorb the crucial theories behind what makes financial statements informative, the fundamental elements they comprise, and the art of presenting information and disclosures effectively.
Highlights
FASB concepts. Objective of general purpose financial reporting. Fundamental qualitative characteristics. Elements of financial statements.
Prerequisites
None.
Designed For
CPAs and accountants.
Objectives
Describe the origins of accounting. Describe what makes financial statements useful. Identify the elements of financial statements. Apply the theory for proper presentation. Describe the theory behind proper disclosures.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Jeff Sailor, Western CPE
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.
Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $113.00
Member Price $98.00