CPE & Event Catalog

Considerations of using ai accounting software. Types of AI accounting software. Fraud detection software.

AI key concepts. Machine learning. Deep learning. Algorithms. Significance of AI in the accounting profession. AI technologies in accounting software. Tax preparation software. Robotic process automation. Ethical implications of adopting AI technologies. Using AI for data analysis and reporting. Using AI for data extraction, cleansing and normalization. Considerations when adopting AI. Integrating AI into existing workflows.

Harnessing the power of AI. Automating workflows.

Overview of artificial intelligence and its evolution. The foundations of AI technologies. Taxation and AI. The future of AI in accounting.

Multiple contracts with same customer. Enforceability and payment terms. Contract modifications. Cancellations or terminations. Determining performance obligations. Understanding performance obligations. Promised goods or services. Bundled offerings. Changes in customer requirements. Long-term contracts.

Licensing arrangements and intellectual property. License distinct. Nature of license. License renewals. Financial statement disclosures. Revenue recognition disclosures. Contracts with customers. Significant judgments. Assets recognized from costs to obtain or fulfill a contract. Ensuring completeness. Practices to avoid.

Methods to estimate variable consideration. Constraining estimates. Significant financing components. Accounting for contract modifications. Modification approval assessment. Factors supporting contract modification approval. Modification accounted for as separate contract. Modification not accounted for as a separate contract.

Point in time vs. over time. Satisfied over time. Measuring progress. Output methods. Input methods. Satisfied at a point in time. Principal vs. agent considerations.

ASC 842. Lease accounting.

Utilizing Power Query to access data from the web, spreadsheets, folders, and databases. Using Power Query to perform various transformations to clean up data before importing it to Power BI or Excel. Producing various reporting documents from data delivered from Power Query.

Role of an accountant. Chart of accounts. General ledger and trial balance. Accounting procedures accounting for receivables. Accounting for investments. Accounting for inventory. Accounting for property, plant, and equipment. Accounting for intangibles. Accounting for equity. Revenue recognition. Accounting for payroll. Accounting for stock-based compensation. Accounting for income taxes. Accounting for business combinations, and more.

Accounting information systems and packages. Computer software in managerial accounting. Information security and data protection. The accountant and the networked environment. The accountant and database management systems. Information systems and financial analysis.

An overview of financial management. Financial statements and cash flow. Evaluating a firm's financial performance. The time value of money. Valuation of stocks and bonds. Capital budgeting: techniques and practice. Short-term financing. Debt financing. International finance.

Understanding your QBO subscription and licensing options. Recording routine and non-routine transactions in QBO. Importing and exporting data to/from QBO. Creating effective reports. Describing the process for integrating third-party applications with QBO. Troubleshooting issues with QBO reports and data.

Retailers and their structure. Retail management requirements. Retail store location. Store buildings, fixtures, and equipment. Arranging the store's interior layout. Structure of retail. Retain human resource management. Merchandising policies and budgets. Planning and selecting item assortments. Selecting merchandise resources. Merchandise control, and more.

Changes in accounting principle. Changes in accounting estimate. Changes in reporting entity. Correction of an error in previously issued financial statements. Corrections related to prior interim periods. Accounting changes disclosures. Error corrections disclosures. Updating reserves. Issuing customer invoices. Valuing inventory. Calculating depreciation.

The duration of a report. Responsibility reporting. The flash report. Expense reporting. Margin reporting. Variance reporting. The purchase price variance. Material yield variance. Labor rate variance. Variable overhead spending variance.

ASC 852 scope. Overview of Chapter 11 process. Financial reporting impacts. Specific impacts during Chapter 11. Specific impacts after Chapter 11.

Overview of best practices. Credit best practices. Billing best practices. Collections best practices. Cash best practices. Payables best practices. Payroll best practices. Commission best practices. Cost accounting best practices. General ledger best practices. Budgeting best practices. Financial statements best practices. Error-proofing excel spreadsheets. Records management best practices. Accounting management best practices

Changes in accounting principle. Changes in accounting estimate. Changes in reporting entity. Correction of an error in preciously issued financial statements. Corrections related to prior interim periods. Materiality of an error.