CPE & Event Catalog

Inventory. Periodic and perpetual inventory systems. Inventory record accuracy. Inventory counting and reconciliation. Estimating ending inventory. Inventory cost layering. Standard costing inventory. Job costing, and more.

Complex capital structures. Transaction dating. Investment accounts. Financial instruments. Financial statements.

Nature of a lease. Lease components. Initial direct cost. Lease consideration. Lease term. Initial measurement of lease payments. Subsequent measurement of lease payments. Types of leases, and more.

Types of legal disputes. Importance of accurate evaluation. Applicable U.S. GAAP guidance. Likelihood of litigation outcomes. Assessing the likelihood of litigation outcomes. Role of legal counsel. Asserted vs. Unasserted claims. Recognition and measurement of legal contingencies. Gain contingencies. Financial statement disclosures.

Accounting information. Introduction to accounting. Financial statements. Interpreting financial statements. Evaluation of responsibility centers. Overview of selected accounting standards.

The essentials of merchandising operations. The merchandising flow of costs. Recording the purchase of merchandise. Recording the sale of merchandise. Accounting for gift cards. Accounting for warranties. Accounting for sales taxes. Closing adjustments.

Stages of certainty regarding minerals found. Special topics. Depreciation and amortization. Asset retirement obligations. Business combinations. Financial disclosures.

Cash basis accounting vs. accrual basis accounting. Brokerage revenues. Brokerage expenses. Brokerage assets. Real estate brokerage reporting.

Factoring purposes. Factoring considerations. Applicable U.S. GAAP. Sale condition requirements. Legal isolation of the assets. True sale opinion. Right to pledge or exchange. Effective control. Factoring arrangements that qualify as a sale. Re-recognition events. Factoring arrangements not qualifying as a sale.

Overview of retirement benefits. Defined benefit plans. Defined contribution plans. Retirement benefit disclosures.

Types of ships. Revenue resources. Operating expenses. Ship owner departments. Accounting for financing of ship construction. Ship purchase commitments. Ship construction costs. Ship depreciation issues.

Internal use software. Website development costs. Software inventory. Costs to develop entertainment and educational software. Revenue recognition for software sales. Presentation issues. Disclosure issues.

What is and is not internal use software? Stages of software development. Commencement of capitalization. Amortization - cloud-based arrangements. Internal use to external. Embedded software. Technological feasibility. Considerations with multiple modules. Allocation of indirect costs. Alternative future use. Software for resale disclosure requirements (ASC 985-20).

Technological feasibility. Costs incurred after technological feasibility. Production costs. Inventory costs. Purchased software for resale. Funded software development arrangements. Amortization of capitalized costs.

Stock compensation. Awards classified as equity. Awards classified as liabilities. Employee share purchase plans. Equity-based payments to non-employees. Additional stock-based compensation concepts. Impact on earnings per share. SEC's view of stock-based compensation. Stock-based compensation disclosures.

Accounts payable best practices.

Invoice delivery and processing. Payment technologies. Regulatory issues affecting the payment process. Travel and entertainment. Master vendor file and the raft of new frauds focused on it. Staffing.

Often ignored best ap control practices. New best practices that tighten controls. When best practices are lacking. The master vendor file issues. New master vendor file control issue.

Best practices - sales processes. Case study. Credit. Best practices - customer credit evaluation. Tier 1 customer credit analysis. What business credit reports are available? Tier 2 customer credit analysis. Working with internally prepared financial statements. Financial ratio analysis. Altman Z score, and more.

Compare and contrast the basis and requirements of preparing financial statements, compilations, reviews, and audits. Critical elements of compilation, review, and audit reports. Impact of special purpose accounting frameworks and other special issues. Exercise on designing inquiries and analytics in a review. Case study differentiating the scope of various non-attest and attest services. Avoiding litigation risks in accounting services.