Jeff Sailor's 2025 A&A Update and Review- Part 2
Title : Jeff Sailor's 2025 A&A Update and Review- Part 2 (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 2 of the course and covers the following topics:
AUDIT UPDATE - In-depth coverage of the totally updated COSO internal controls requirements for risk assessment, as well as Focus on Fraud.
SSARS UPDATE - Covers the requirements for preparations, compilations, and reviews.
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
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Learning Objectives
- Apply the standards for preparations, compilations and reviews based on AR sections 60, 70, 80 & 90
- Identify and apply the study of internal control under the COSO
- Describe fraud risks associated with recent cases
- Cite and apply better practice skills
Level
UpdatePrerequisites
Basic understanding of accounting and auditing
Advanced Preparation
None
- Apply the standards for preparations, compilations and reviews based on AR sections 60, 70, 80 & 90
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
Accounting for Income Taxes- Step by Step Series
Title : Accounting for Income Taxes: 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 the tough topic of accounting for income taxes
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 many examples to show the practical aspects.
Course Level- Basic
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
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the steps to accounting for income taxes
Apply the recognition, measurement and presentation for current taxes
Apply the recognition, measurement and presentation for deferred taxes
Apply the provisions for unrecognized tax positions
Apply the requirements for disclosures
Level
BasicPrerequisites
Experience in accounting
Advanced Preparation
None
The Basics of Accounting for Financial Instruments: The Good, The Bad, And The Ugly
Title : The Basics of Accounting for Financial Instruments: The Good, The Bad, And The Ugly
Instructors : Jeffrey L. Sailor, CPA
This course provides a comprehensive overview of the accounting for various types of financial instruments under GAAP. Topics include the classifications, where to find guidance, proper valuation, options available, presentation and disclosure. The course groups the various types according to complexity as good, bad and ugly.
As always, Jeff will include his unique sense of humor to help keep your attention and retain the material. In this case, the theme will be the spaghetti westerns of the 1960s. So hold on to your hat. You’re in for a ride!
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date: 12/27/2023
Field(s) of Study: Accounting
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Identify various types of financial instruments under GAAP
Locate authoritative guidance related to financial instruments
Apply the general requirements for the most common financial instruments
Explain the requirements for more complex financial instruments
Level
BasicPrerequisites
Basic knowledge of accounting
Advanced Preparation
None
Enjoyable Ethics - Ch 2
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 - 1/14/25Field(s) of Study: Regulatory Ethics
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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
UpdatePrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None
Not Documented, Not Done
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
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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
BasicPrerequisites
Experience in accounting
Advanced Preparation
None
Fraud's Greatest Hits
Title : Fraud's Greatest Hits! (3CR)
Instructors : Jeffrey L. Sailor, CPA
Fraud has always been a concern for anyone associated with financial statements. In this course, Jeff takes a unique approach to the study of this topic by looking at what are considered to be the top ten accounting fraud cases. In studying the cases, you will gain insight into what to look for in the future.
In addition to the cases, Jeff will cover various aspects, both authoritative and guidance, related to fraud to further improve your awareness and skills. He will also cover a couple of other significant fraud cases as well as a couple of interesting historical notes.
The entire presentation is packaged into Jeff’s unique blend of teaching with humor. Each case has its own “Greatest hit”, a song parody to help you remember the case as well as other surprises along the way to keep your interest.
If you are looking for a course that will keep awake and engaged and will better prepare you for detecting fraud, then this course is a must.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date: 1/14/2025
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Field(s) of Study: Accounting
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the top ten accounting fraud cases
Identify the nature of fraud and its three characteristics
Apply the provisions for fraud risk assessment in an audit
Identify examples of fraud
Describe the traits of a white collar criminal
Describe techniques to detect fraud
Identify the principles of the COSO Fraud Risk Management Guide
Level
BasicPrerequisites
Basic understanding of accounting and reporting
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
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
Accounting for Not-For-Profit Entities
Title : Accounting for Not-For-Profit Entities (3CR)
Instructors : Jeffrey L. Sailor, CPA
Not-for-profit accounting is a specialized area of GAAP which has recently changed significantly. This course will take an in-depth look at all aspects of this topic from determining the nature of a contribution to presentation and disclosures. As always, Jeff will include his personal brand of humor to keep the webcast moving.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date- 12/27/24
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Field(s) of Study: Accounting
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the recent changes to NFP accounting
Apply the standards to distinguish a contribution from an exchange
Describe a conditional contribution
Apply the standards for accounting for a conditional contribution
Apply the standards to classify a contribution as restricted or unrestricted
Apply the special provisions with regard to contributed services
Apply the provisions for presentation of financial statements and disclosures
Describe issues for special issues
Level
BasicPrerequisites
Experience in accounting topics
Advanced Preparation
None