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Title : Jeff Sailor's 2025 A&A Update and Review- Part 1 (4CR)

Instructors :  Jeffrey L. Sailor, CPA


Jeff Sailor's 2025 Accounting and Auditing Update and Review Course is designed to provide an in-depth look into the most important new pronouncements issued during the past year, along with an overview of less pervasive ones. As always, to assist with attention and learning, Jeff has included several video parodies.


This is PART 1 of the course and covers the following topics:


ACCOUNTING UPDATE - Covers the latest updates to the FASB Codification, including lease issues, income tax disclosures, cryptocurrency, accounting theory under the FASB Conceptual Framework and other FASB updates.

QUALITY STANDARDS - A step by step discussion on using the AICPA practice aid for implementing your new System of Quality Management.



Course Level- Update

Delivery Method- Group Internet Based Webcast

Length- 200 minutes of instruction- with a 10 minute break halfway

Revision Date: 7/14/25


Field(s) of Study: Accounting

NASBA Approved

Update Level

4 Hrs

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    Learning Objectives

    • Identify and apply the most pervasive GAAP updates
    • Apply the provisions for cryptocurrency under the new standard
    • Apply the major provisions of the updates for leases
    • Describe proper accounting theory under the FASB Conceptual Framework
    • Apply the AICPA Practice Aid to implement your system of quality management
    • Cite and apply better practice skills

    Level

    Update

    Prerequisites

    Basic understanding of accounting

    Advanced Preparation

    None

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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.


In this in-depth course, Jeff Sailor will bring his truly unique presentation style to cover the most important aspects of the standard you need to know. In addition, he will include his signature video parodies, which are 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- 12/27/24


Field(s) of Study: Accounting

NASBA Approved

Basic Level

4 Hrs

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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 disclosures

    Level

    Basic

    Prerequisites

    Experience in accounting

    Advanced Preparation

    None

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Title : Analytical Procedures and Critical Thinking Skills (2CR)

Instructors :  Jeffrey L. Sailor, CPA

Analytical procedures are both required and suggested by various standards. They are required for review and audit engagements. A closely related topic is critical thinking skills, which is an area targeted in the AICPA’s Enhancing Audit  Quality Initiative.

In this in-depth course, Jeff Sailor will bring his truly unique presentation style to cover the most important aspects of performing analytical procedures as well as provide insight on critical thinking skills and how to improve your personal skills.. In addition, he will include his signature video parodies, which are designed to keep you awake and reinforce the material.

Course Level- Basic

Delivery Method- Group Internet Based Webcast

Length- 100 minutes of instruction

Revision Date- 12/27/24


Field(s) of Study: Auditing

NASBA Approved

Basic Level

2 Hrs

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    Learning Objectives

    • Identify to whom this standard applies
    • Describe the requirements for analytical procedures
    • Apply the provisions for analytical procedures
    • Describe the various facets of critical thinking
    • Apply methods to improve you critical thinking skills

    Level

    Basic

    Prerequisites

    Experience in accounting and auditing

    Advanced Preparation

    None

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Title : Preparing for Your Peer Review: Step by Step Series (3CR)

Instructors :  Jeffrey L. Sailor, CPA


Jeff Sailor’s Step by Step Series was created to tackle various A&A topics using a practical approach, rather than simply going through the standards as they were written. This course will cover the tough topic of preparing for your peer review.
 
The thought of peer review is something which creates a sense of dread for most practitioners, but it doesn’t have to if you are properly prepared. In this course Jeff will take you Step by Step through the process of understanding and preparing for a successful peer review. Included will be significant discussion on “hot spot problem areas” which your peer reviewer will be looking for.
 
In addition, Jeff will include his unique perspective and humor, including his signature video parodies, which are designed to keep you awake and reinforce the material.

Course Level- Basic

Delivery Method- Group Internet Based Webcast

Length- 150 minutes of instruction

Revision Date: 5/29/20


Field(s) of Study: Accounting

NASBA Approved

Basic Level

3 Hrs

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    Learning Objectives

    Upon successful completion of this course, the participant should be able to:
    Describe the purpose and objective of peer review
    Identify the two type of peer review
    Describe the process for participating in peer review
    Identify the problem areas in peer review
    Apply proper documentation
    Apply the requirements for a quality control document
    Apply tips for a smooth peer review

    Level

    Basic

    Prerequisites

    Experience in accounting and auditing

    Advanced Preparation

    None

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Title : Not Documented, Not Done (2CR)

Instructors :  Jeffrey L. Sailor, CPA


The title of this course is the new mantra for the AICPA. With accountants increasingly being sued for deficiencies perceived by clients and attorneys in various engagements, the AICPA has increased its focus on documentation in the accounting and auditing arena. In addition, peer review has revealed a consistent lack of proper documentation.

In this course, Jeff Sailor will discuss the requirements for a variety of engagements as well as tips for better documentation. You will not only learn the basic requirements, but also the proper theory for exceptional documentation.

As always, Jeff will bring his truly unique presentation style and include a few of his signature video parodies, which are designed to keep you awake and reinforce the material.

Course Level- Basic

Delivery Method- Group Internet Based Webcast

Length- 100 minutes of instruction

Revision Date- 1/14/25


Field(s) of Study: Accounting

NASBA Approved

Basic Level

2 Hrs

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    Learning Objectives

    • Identify the documentation requirements for:
    •             Audits
    •             Reviews
    •             Compilations
    •             Preparations
    •             Examinations under the SSAEs
    •             Reviews under the SSAEs
    •             Agreed Upon Procedures engagements under the SSAEs
    • Apply the standards for those engagements
    • Apply a variety of “best practices” to documentation 

    Level

    Basic

    Prerequisites

    Experience in accounting

    Advanced Preparation

    None

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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

NASBA Approved

Basic Level

3 Hrs

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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

    Basic

    Prerequisites

    Knowledge of accounting

    Advanced Preparation

    None

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Title : Enjoyable Ethics- Chapter 2: AICPA Code of Professional Conduct (1CR)

Instructors :  Jeffrey L. Sailor, CPA



Written by Jeff Sailor and Jennifer Sailor

This course specifically meets the Ethics requirements for North Carolina and any other states which require an Ethics Course 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 this Jeff not only covers the typical topics, but also challenges you to think outside the box.

In this course, Jeff Sailor uses his truly unique presentation style to explain in detail various aspects of the AICPA Code of Professional Conduct.

As usual,  Jeff includes a lot of humor and a signature video parody 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

NASBA Approved

Update Level

1 Hrs

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  • More Info

    Learning Objectives

    Describe the format of the AICPA Code of Professional Conduct

    Apply the code basics that apply to all members

    Apply the requirements for members in public accounting

    Describe various violations of ethics

    Level

    Update

    Prerequisites

    Basic understanding of accounting and reporting

    Advanced Preparation

    None

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Title : Preparing the Statement of Cash Flows: Step by Step Series (2CR)

Instructors :  Jeffrey L. Sailor, CPA


Jeff Sailor’s Step by Step Series was created to tackle various A&A topics using a practical approach, rather than simply going through the standards as they were written. This course will cover how to prepare a statement of cash flows.
 
While the statement of cashflows is one of the basic statements required by GAAP, many practitioners encounter issues when preparing them. In this course, Jeff takes you step by step through the process to insure that you understand both the professional as well as the practical requirements. He will cover not only the accounting and presentation, but also show you how to use a simple spreadsheet template to assist in your preparation.
 
In addition, Jeff will include his unique perspective and humor, including his signature video parodies, which are designed to keep you awake and reinforce the material.


Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date- 12/27/24

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Field(s) of Study: Accounting

NASBA Approved

Basic Level

2 Hrs

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    Learning Objectives

    Upon successful completion of this course, the participant should be able to:

    Describe the purpose of a statement of cashflows
    Identify the three classifications of activities
    Apply a spreadsheet model to identify cash flows
    Identify the two methods for presentation
    Apply GAAP principles in preparing the presentation
    Apply the requirements for disclosures

    Level

    Basic

    Prerequisites

    Experience in accounting

    Advanced Preparation

    None

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Title : Accounting for Construction Contractors (2CR)

Instructors :  Jeffrey L. Sailor, CPA


This course covers the authoritative GAAP for construction contractors as found in FASB ASC 910 along with the guidance contained in the AICPA Guide for Construction Contractors. In this course, Jeff will cover the unique aspects of accounting in the construction industry and how the standards and guidance address those issues.


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.


Delivery Method -Group Internet Based Webcast

Length - 100 minutes of Instruction with 10 minute break

Revision Date - 9/26/2025

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Field(s) of Study: Accounting

NASBA Approved

Basic Level

2 Hrs

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    Learning Objectives

    Upon successful completion of this course, the participant should be able to:

    Describe key issue related to construction accounting

    Apply revenue recognition for construction contracts using POC

    Apply revenue recognition for construction contracts using CCM

    Apply the standards for contract modifications

    Describe the issues related to contract costs and allocation

    Apply the provisions for various difficult issues

    Level

    Basic

    Prerequisites

    Basic knowledge of accounting

    Advanced Preparation

    None

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Title : Metrics Which Everyone Should Know (2CR)

Instructors :  Jeffrey L. Sailor, CPA

In this course, Jeff will cover the most common and useful metrics that every CFO, Controller and CPA Advisor should know. The discussion will be categorized by type and use of metric.

The course will also include many examples to aid in understanding and using these metrics. In addition to the exceptional material, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.


Delivery Method -Group Internet Based Webcast

Length - 100 minutes of Instruction with 10 minute break

Revision Date - 9/18/2025

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Field(s) of Study: Accounting

NASBA Approved

Basic Level

2 Hrs

Enroll
  • More Info

    Learning Objectives

    Upon successful completion of this course, the participant should be able to:

    Describe the difference between a ratio and a KPI

    Describe the purpose of ratios

    Describe the purpose of KPIs

    Apply various Balance Sheet metrics

    Apply various Cash Flow and Liquidity metrics

    Apply various Profitability metrics

    Apply various Operational metrics

    Level

    Basic

    Prerequisites

    Basic understanding of accounting

    Advanced Preparation

    None

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