search

Title : Accounting for Not-For-Profit Entities (3CR)

Presented By : 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

Promotional Snippet

Field(s) of Study: Accounting

NASBA Approved

Basic Level

3.0 Hrs

Enroll
  • More Info

    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

    Basic

    Prerequisites

    Experience in accounting topics

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : The Audit Communication Standards (1CR)

Presented By : 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

NASBA Approved

Update Level

1.0 Hrs

Enroll
  • More Info

    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

    Update

    Prerequisites

    Basic understanding of auditing

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : How to Develop Your System of Quality Management Using the AICPA Practice Aids (3CR)

Presented By : Jeffrey L Sailor CPA


With the issuing of the new Quality Management Standards, the AICPA requires that all CPA firms with accounting and auditing practices implement a NEW system of quality management in accordance with brand new SQMS 1. This will include not only firms who perform audits or reviews, but also firms who limit their work to preparation or compilation engagement.


While the goal is to improve overall quality in the profession, implementation may appear overwhelming for many practitioners.

To assist with the implementation, the AICPA has created practice aids designed to assist with the process of developing your new system.


In this detailed webcast Jeff walks you through every aspect of the process:

1. Where to find the practice aids

2. The proper use of the practice aids

3. Documents you are required to have

4. How to use the practice aids for documentation

5. Proper use the spreadsheet risk assessment template

6. Creation of your final documents


In addition, he offers practical advice along the way to make your job even easier.

As in all his courses, Jeff Sailor will bring his truly unique presentation style to cover the most important topics you need to know. He will also include a certain amount of humor 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: 12/27/2024


Field(s) of Study: Accounting

NASBA Approved

Update Level

3.0 Hrs

Enroll
  • More Info

    Learning Objectives

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

    Describe the purpose of the new QM standards

    Identify the eight components of quality management

    Describe he changes from prior standards

    Apply the requirements

    Identify the limitations of the practice aids

    Apply the practice aids in assessing risk

    Apply the standards to create a system of quality management using the AICPA practice aids

    Level

    Update

    Prerequisites

    Basic understanding of accounting and auditing

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : Jeff Sailor's 2024 A&A Update and Review (8 CR)

Presented By : Jeffrey L. Sailor, CPA

Jeff Sailor's 2024 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.


ACCOUNTING UPDATE - Covers the latest updates to the FASB Codification, including financial instruments, credit losses, cryptocurrency, accounting theory under the Concepts and other FASB updates.

AUDIT UPDATE - In-depth coverage of the totally updated requirements for risk assessment, as well as Focus on Fraud.

SSARS UPDATE - Covers the requirements for preparations, compilations, and reviews in a step by step format with a focus on the new AICPA Guide to Analytical Procedures in a Review.

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- 400 minutes of instruction- 10min break in the morning and afternoon and 30min lunch break

Revision Date: 7/18/2024

Field(s) of Study: Accounting

NASBA Approved

Update Level

8.0 Hrs

Enroll
  • More Info

    Learning Objectives

    • Identify and apply the most pervasive GAAP updates
    • Apply the provisions for financial instruments
    • Apply the provisions for cryptocurrency under the new standard
    • Apply the major provisions of the standard for Credit Losses
    • Apply the standards for preparations, compilations and reviews based on AR sections 60, 70, 80 & 90
    • Identify and apply the latest audit standards for inquiries related to the predecessor auditor
    • Apply the new Audit Risk Assessment requirements
    • Describe fraud risks associated with recent cases
    • Apply the AICPA Practice Aid to implement your system of quality management
    • Describe proper accounting theory under the FASB Concepts
    • Cite and apply better practice skills

    Level

    Update

    Prerequisites

    Basic understanding of accounting and auditing

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : IFRS Accounting - An Introduction

Presented By : Jeffrey Sailor, CPA

This course is a good introduction to International Accounting Standards which will serve as an excellent refresher for those working in that  arena. Topics include the history of IFRS, cultural aspects that affect the standards, the structure of the standards and the OFRS conceptual framework. It will also cover the requirements for an entity’s first time application of IFRS.

In additional to the exceptional content, Jeff includes his signature video parodies, which are designed to reinforce the material as well as keep your interest and put a smile on your face. 


Delivery Method -Group Internet Based Webcast

Length - 100 minutes of Instruction with 10 minute break

Revision Date - 11/7/2024

Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 Hrs

Enroll
  • More Info

    Learning Objectives

    Upon successful completion of this course, participants will be able to:

    Describe the purpose of IFRS

    Describe the history of the IASB and IFRS

    Describe the cultural aspects which affect the standards

    Describe major differences between IFRS and GAAP

    Describe the basic structure of the IFRS standards

    Describe the IFRS Conceptual Framework

    Apply the standards for first time application of IFRS

    Level

    Basic

    Prerequisites

    Basic understanding of accounting.

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : Jeff Sailor’s Accounting for Leases (4CR)

Presented By : Jeffrey L. Sailor, CPA


One of the biggest and most frustrating standard revisions involves the accounting for leases. The new lease standard, in essence, requires all leases to be recognized on the statement of position of lesees.

In this course, Jeff Sailor will bring his truly unique presentation style to explains the standard from beginning to end, including the reasons why the standard was issued. 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

4.0 Hrs

Enroll
  • More Info

    Learning Objectives

    Upon successful completion of this course, the participant should be able to:
    Identify the situations to which the standard applies
    Describe the history and reasons for the standard
    Identify the difference between a lease and a service contract
    Identify the proper classification of a lease
    Apply the provisions for initial measurement
    Apply the provisions for subsequent measurement
    Apply the provisions for a finance lease for a lessee
    Apply the provisions for an operating lease for a lessee
    Describe the required disclosure
    Describe the potential impact of the standard on stakeholders

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    Experience in accounting

Show less keyboard_arrow_up

Title : Hospitality Accounting- KPIs, Budgeting & Internal Control

Presented By : Jeff Sailor


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

NASBA Approved

Basic Level

2.0 Hrs

Enroll
  • More Info

    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

    Basic

    Prerequisites

    Basic understanding of accounting

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : IFRS Accounting - The IAS and IFRS Standards

Presented By : Jeffrey L. Sailor, CPA


This course is a good introduction to international Accounting Standards which will serve as an excellent refresher for those working in that  arena. Topics include an overview of all the current IAS and IFRS standards. In addition to the overview, the course highlights certain special standards which have had recent updates.

In additional to the exceptional content, Jeff includes his signature video parodies, which are designed to reinforce the material as well as keep your interest and put a smile on your face. 


Delivery Method -Group Internet Based Webcast

Length - 100 minutes of Instruction with 10 minute break

Revision Date - 11/7/2024

Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 Hrs

Enroll
  • More Info

    Learning Objectives

    Upon successful completion of this course, participants will be able to:

    Describe the basics of the current International Accounting Standards

    Describe the basics of the current International Financial Reporting Standards

    Describe the treatment for foreign currency

    Describe the treatment for hyperinflationary economies

    Level

    Basic

    Prerequisites

    Basic understanding of accounting

    Advanced Preparation

    None

Show less keyboard_arrow_up

Title : Your System of Quality Management (2CR)

Presented By : Jeffrey L. Sailor, CPA



The Auditing Standards Board has recently changed the standards for quality in accounting firms by replacing the old SQCS 8 with a brand new set of standards: SQMS 1, SQMS 2, SAS 146 and SSARS 26 (issued by the ARSC). These new standards require that all firms with an accounting and auditing practice put into  place a system of quality management. This means that even if you only perform a single compilation engagement, you are required to implement this system. The deadline for change is coming soon and this is expected to be a major peer review focus area.

In this course, Jeff Sailor will bring his truly unique presentation style to cover the most important topics you need to know to get ready for this new requirement. In addition to covering the standards pronouncements, Jeff 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

2.0 Hrs

Enroll
  • More Info

    Learning Objectives

    • Identify the 8 components of a system of quality management
    • Identify the additional requirements for a system of quality management
    • Apply the standards for determining when an engagement quality review will be necessary
    • Describe the requirements for the conduct of an engagement quality review
    • Apply the control standards in the performance of audits and other attestation engagement
    • Apply the control standards in the performance of SSARS engagements

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

Show less keyboard_arrow_up

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

Presented By : 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

2.0 Hrs

Enroll
  • More Info

    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

Show less keyboard_arrow_up