Jeff Sailor’s Definitive Revenue Recognition Course
Title : Jeff Sailor’s Definitive Revenue Recognition Course (4CR)
Instructors : Jeffrey L. Sailor, CPA
Section 606, Revenue from Contract with customers is one of the most significant standards ever written. The impact will vary by entity, but standard will need to applied to all entities reporting under GAAP. The new standard does away with many specific rules and replaces them with a framework for revenue recognition.
Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 200 minutes of instruction
Revision Date- 12/27/24
Field(s) of Study: Accounting
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Identify to whom this standard applies
Describe the five steps of the framework
Apply the provisions to identify the contract
Apply the provisions to identify the separate performance obligations
Apply the provisions to determine the transaction price
Apply the provisions to allocate the transaction price
Apply the provisions to recognize revenue as the performance obligations are satisfied
Describe the required disclosuresLevel
BasicPrerequisites
Experience in accounting
Advanced Preparation
None
Special Purpose Frameworks- The Alternative to GAAP
Title : Special Purpose Frameworks- The Alternative to GAAP (3CR)
Instructors : Jeffrey L. Sailor, CPA
Generally Accepted Accounting Principles (GAAP) has become increasingly complex due to the changing environment. While this complexity is justified in many situations, many entities find that the cost does not justify the benefits. As a result, many entities turn to Special Purpose Frameworks. In this course we will look at the most popular alternative frameworks as well as some new and other interesting frameworks. We’ll also spend time on the theory that should go into your decision- making when deciding to use a Special Purpose Framework.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date- 12/27/24
Field(s) of Study: Accounting
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Learning Objectives
Upon completion of this course, the participant should be able to:
Define Special Purpose Frameworks and provide examples.
Explain the differences between Special Purpose Frameworks and OCBOA.
Explain the purpose of general-purpose financial statements.
Explain what make financial statements useful.
Apply a methodology for deciding on footnotes for a Special Purpose Framework.
Cite the authoritative guidance for Special Purpose Frameworks.
Define the four primary categories of Special Purpose Frameworks.
Decide when it would be appropriate to use a Special Purpose Framework.
Apply the Cash, Modified Cash and Tax bases of accounting.
Explain the theory behind regulatory and contractual bases of accounting.
Explain the major elements of IFRS-SME.
Explain the major elements of FRF-SME.
Apply resources for preparing financial statements under FRF-SME.
Level
BasicPrerequisites
Knowledge of accounting
Advanced Preparation
None
The Audit Communication Standards
Title : The Audit Communication Standards (1CR)
Instructors : Jeffrey L. Sailor, CPA
At the end of 2021, the Auditing Standards Board made effective many new required communications when performing an audit. These range from the engagement letter all the way to report and even beyond. The ASB realized that, while we were doing good work, our communications were not up to par.
In this course, Jeff Sailor will bring his truly unique presentation style to explain changes you need to know to have better communications and meet the requirements of the standards for your engagements as well as for peer review.
In addition, Jeff will include one his signature video parodies, which is designed to keep you awake and reinforce the material.
Course Level - Update
Delivery Method -Group Internet Based Webcast
Length - 50 minutes of instruction
Revision Date - 12/27/24
Field(s) of Study: Auditing
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Learning Objectives
Identify the new audit standards and requirements
Describe the new definition for “Materiality”
Apply the provisions for the new audit report
Apply the provisions for going concern
Describe the new communications to Those Charged with Governance
Apply the new procedures related to communications
Apply the new provisions related to Other Information Included in Annual Reports
Level
UpdatePrerequisites
Basic understanding of auditing
Advanced Preparation
None
Enjoyable Ethics for Florida CPAs
Title : Enjoyable Ethics for Florida CPAs (4CR)
Instructors : Jeffrey L. Sailor, CPA
Written by Jeff Sailor and Jennifer Sailor
This course specifically meets the ethics CPE requirements for Florida CPAs. Our Florida Provider Number is 0009374 and our Florida Course Number is 0028009.
To specifically meet the requirements for Florida CPAs, the course will devote at least 51% of the time to Florida rules including Chapter 455 F.S. , Chapter 473 F.S. and FL BOA Rules 61H1.
This course is designed to teach you many important aspects of accounting ethics, while making it enjoyable. To do this, Jeff will not only cover the typical topics, but will also challenge you to think outside the box.
In this course, Jeff Sailor will bring his truly unique presentation style to explain the nature of ethics as well as why we have to review our ethics rules on a regular basis.
He will cover the authoritative guidance found in the AICPA Code of Professional Conduct in detail. He will also explain how to use the AICPA Conceptual Framework when faced with ethical issues and cover independence requirements of the Code of Professional Conduct with special emphasis on nonattest services.
In addition, Jeff will include a lot of humor and one of his signature video parodies, which is designed to keep you awake and reinforce the material.
Course Level - Update
Delivery Method -Group Internet Based Webcast
Length - 200 minutes of Instruction
Revision Date - 1/14/25
Field(s) of Study: Regulatory Ethics
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Learning Objectives
Define ethics
Describe types of ethics
Identify ethical dilemmas
Describe the source of accounting ethics
Describe the format of the AICPA Code of Professional Conduct
Identify the areas of ethics rules for accountants in public practice
Identify the areas of ethics rules for accountants in business
Describe various violations of ethics
Apply the Conceptual Framework for ethics issues
Identify the seven threats to independence
Describe the five categories of independence issues
Describe the issues related to nonattest services
Describe the topics in FL 455
Describe the topics in FL 473
Describe the rules on Fl BOA Rules 61H1
Apply the provisions for reporting CPE to the FL DBPR
Level
UpdatePrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None
Enjoyable Ethics - 3 Credit Edition
Title : Enjoyable Ethics- The 3 Credit Edition
Instructors : Jeffrey L. Sailor, CPA
Written by Jeff Sailor and Jennifer Sailor
This course specifically meets the Ethics CPE requirements of any state which requires 1-3 credits prepared by a NASBA Sponsor. Check your state for individual requirements.
This course is designed to teach you many important aspects of accounting ethics, while making it enjoyable. To do this, Jeff covers the typical topics while challenging you to think outside the box.
Jeff Sailor uses his truly unique presentation style to explain the nature of ethics as well as why we have to review our ethics rules on a regular basis.
He covers the authoritative guidance found in the AICPA Code of Professional Conduct in detail. He also explains how to use the AICPA Conceptual Framework when faced with ethical issues, and covers independence requirements of the Code of Professional Conduct with special emphasis on nonattest services.
In addition, Jeff includes a lot of humor and one of his signature video parodies, which is designed to keep you awake and reinforce the material.
Course Level - Update
Delivery Method -Group Internet Based Webcast
Length - 150 minutes of Instruction
Revision Date - 1/14/25Field(s) of Study: Regulatory Ethics
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Learning Objectives
Define ethics
Describe types of ethics
Identify ethical dilemmas
Describe the source of accounting ethics
Describe the format of the AICPA Code of Professional Conduct
Identify the areas of ethics rules for accountants in public practice
Identify the areas of ethics rules for accountants in business
Describe various violations of ethics
Apply the Conceptual Framework for ethics issues
Identify the seven threats to independence
Describe the five categories of independence issues
Describe the issues related to nonattest services
Level
UpdatePrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None
The SSARS General Principles- By the Book
Title : The SSARS General Principles - By The Book (1CR)
Instructors : Jeffrey L. Sailor, CPA
Preparation, compilation and review engagements fall under the SSARS reporting standards. Regardless of the level of engagement, all SSARS engagements fall under the SSARS General Principles. In this course, Jeff will explain the general principles required for all SSARS engagements
Topics will include ethics, engagement acceptance, compliance with requirements as well as other areas. As always, Jeff will include his unique sense of humor to help keep your attention and retain the material.
Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 50 minutes of instruction
Revision Date: 8/14/2023
Field(s) of Study: Accounting
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Identify proper application of the provisions of SSARS General Principles
Identify the relevant ethics for SSARS engagements
Apply the general requirements for all SSARS engagements
Apply better practice skills
Level
BasicPrerequisites
Basic knowledge of accounting and reporting
Advanced Preparation
None
Getting Control of Internal Control
Title : Getting Control of Internal Control (2CR)
Instructors : Jeffrey L. Sailor, CPA
NOTE- THIS IS AN EXPANDED VERSION OF MATERIAL CONTAINED IN THE 8CR JEFF SAILOR’S A&A UPDATE AND REVIEW 2025
Internal control is essential to efficient operations reporting and compliance. In this course Jeff will discuss the five components and seventeen principles as outlined in the COSO Internal Control Integrated Framework. Also included is a discussion of the requirements for the evaluation of internal control as a part of audit rick assessment under SAS 145.
The course will also include many examples to aid in understanding. In addition to the exceptional material, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.
Field(s) of Study: Auditing
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the five components of the COSO framework
Describe the seventeen principles of the COSO framework
Describe real world examples for application of internal control
Apply the requirements for risk assessment for internal control
Level
UpdatePrerequisites
Basic understanding of accounting
Advanced Preparation
None
Blockchain, Crypto, NFTs & Other Scary Stuff No One Understands
Title : Blockchain, Cryptocurrency, NFTs and Other Scary Stuff No One Understands
Instructors : Jennifer Sailor, Jeffrey L. Sailor, CPA
This course covers topics which most practitioners find somewhat daunting. The goal is to give you the information you need to meet these challenges with confidence and thus not miss the proper accounting or reporting issues.
This course is designed to teach you various aspects of blockchain, cryptocurrency, NFTs , Web3 and AI.
Jeff Sailor and Jennifer Sailor bring a truly unique presentation style to explain the topics in a common sense way, while adding their own sense of candor and humor to keep you awake and reinforce the material.
Course Level - Basic
Delivery Method -Group Internet Based Webcast
Length - 100 minutes of Instruction with a ten minute break
Revision Date - 8/14/24
Field(s) of Study: Accounting
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Learning Objectives
- Describe the concept of blockchain
- Describe common uses of blockchain
- Describe the concept of cryptocurrency
- Recognize some of the challenges of cryptocurrency
- Apply the new FASB standards for accounting for cryptocurrency
- Describe non-fungible tokens
- Describe the concept of WEB3
- Recognize the challenges and opportunities for using artificial intelligence in accounting and auditing
Level
BasicPrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None
Hospitality Accounting - KPIs, Budgeting & Internal Control
Title : Hospitality Accounting- KPIs, Budgeting & Internal Control (2CR)
Instructors : Jeffrey L. Sailor, CPA
This course is covers management aspect of accounting for the hospitality industry. Topics will include key performances indicators in the hospitality industry, key ratios, forecasting and budgeting, internal control and fraud.
In additional to the exceptional content, Jeff will include his signature video parodies, which are designed to reinforce the material as well as keep your interest and put a smile on your face.
Course Level - Basic
Delivery Method -Group Internet Based Webcast
Length - 100 minutes of Instruction with a ten minute break
Revision Date - 12/27/24
Field(s) of Study: Accounting
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Learning Objectives
Upon successful completion of this course, participants will be able to:
Describe the essential KPIs used in the hospitality industry
Describe the advanced KPIs used in the hospitality industry
Describe the difference between KPIs and ratios
Describe the common ratios used in the hospitality industry
Describe budgeting and forecasting in the hospitality industry
Describe methods for accurate forecasting
Describe internal controls in the hospitality industry
Describe common fraud schemes found in the hospitality industry
Level
BasicPrerequisites
Basic understanding of accounting
Advanced Preparation
None
Maintaining Your Independence
Title : Maintaining Your Independence (1CR)
Instructors : Jeffrey L. Sailor, CPA
Written by Jeff Sailor and Jennifer Sailor
Independence is one of the most important aspects in all areas of financial reporting. It is interesting to note that none of us are ever truly independent. The key is being aware of the issues which could impair your judgement.
In this course, Jeff Sailor uses his truly unique presentation style to explain the importance of maintaining your independence, along with covering the most important independence issues found in the AICPA Code of Professional Conduct.
In addition, Jeff includes a lot of humor to keep you awake and reinforce the material.
Course Level - Update
Delivery Method -Group Internet Based Webcast
Length - 50 minutes of instruction
Revision Date - 1/14/25
Field(s) of Study: Regulatory Ethics
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Learning Objectives
Define independence
Describe the requirements for independence in financial reporting
Identify the seven threats to independence
Describe the independence issues found in the AICPA Code of Professional Conduct
Level
UpdatePrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None