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Title : Jeff Sailor's A&A Update and Review 2022-2023

Presented By : Jeffrey L. Sailor, CPA



Jeff Sailor's 2022-23 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- This segment will look at the latest updates to the FASB Codification, including leases, credit losses, not-for-profits and miscellaneous.

AUDIT UPDATE- This segment covers the omnibus changes to audit standards including the requirements for audit evidence, accounting estimates and the complete overhaul of risk assessment. It will also cover the brand new SSAE 19, which provides new requirements and guidance for Agreed-Upon Procedures engagements.

SSARS UPDATE- This segment look at the requirements for preparations, compilations and reviews and will focus on the major changes created by the issuance of SSARS 25, which goes into effect this year.

SQMS- This section will cover the new requirements for a firm’s 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: July 1, 2022

Field(s) of Study: Accounting

NASBA Approved

Update Level

8.0 Hrs

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  • More Info

    Learning Objectives

    Apply the most pervasive accounting updates issued by the FASB

    Apply the new provisions for Credit Losses

    Apply the classification criteria to determine whether a lease is a finance or operating lease for a lessee
    Apply the lease standard for a finance lease
    Apply the lease standard for an operating lease
    Describe potential pitfalls related to the new standard
    Describe alternatives to the lease standard

    Identify the changes for not-for-profit accounting under GAAP

    Describe the Elements of Financial Statements under the FASB Concepts


    Apply the new provisions for the review of financial statements under SSARS 25

    Apply the provisions for audit evidence

    Apply the provisions for auditing accounting estimates

    Apply the provisions for  risk assessment

    Apply the new provisions under SSAE 19 for Agreed-Upon Procedures Engagements

    Apply the new provisions for the System of Quality Management

    Level

    Update

    Prerequisites

    Basic understanding of accounting and auditing

    Advanced Preparation

    None

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Title : Jeff Sailor's Auditing Update and Review 2022-2023

Presented By : Jeffrey L. Sailor, CPA



THIS IS AN EXPANDED VERSION OF THE AUDIT SECTION OF THE 8 CREDIT COURSE, Jeff Sailor's A&A Update and Review 2022-2023.

Knowing the accounting principles is only half the story for most accountants in public accounting. You must also understand the myriad of rules relating the reporting requirements for audits. This course will cover the nuts and bolts of these pronouncements as well as cover the theory required to make proper decisions.

Topics will include the latest SAS updates for audit evidence and accounting estimates and the brand new requirements for audit risk assessment. We will also discuss SSAE 19 for agreed-Upon Procedures Engagements. Lastly, we will cover the new requirements for your system of quality management under the recently issued SQMSs. Special attention will be placed on the provisions most important for compliance, including documentation. We will also discuss some troublesome topics as well as other reporting topics.

Field(s) of Study: Auditing

NASBA Approved

Update Level

4.0 Hrs

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    Learning Objectives

    • Apply the provisions for audit evidence
    • Apply the provisions for auditing accounting estimates
    • Apply the provisions for  risk assessment
    • Describe peer review problem areas
    • Apply better practice skills for documentation
    • Apply the new provisions under SSAE 19 for Agreed-Upon Procedures Engagements
    • Apply the new provisions for the System of Quality Management

    Level

    Update

    Prerequisites

    Knowledge of and experience with basic auditing

    Advanced Preparation

    None

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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- 12/11/21



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

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Title : Not Documented, Not Done (2CR)

Presented By : 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: August 14, 2020


Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 Hrs

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  • More Info

    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 : Jeff Sailor's A&A Update and Review 2022-2023: PART 1

Presented By : Jeffrey L. Sailor, CPA


Jeff Sailor's 2022-23 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 8 credit course and includes the following topics:

ACCOUNTING UPDATE- This segment will look at the latest updates to the FASB Codification, including leases, credit losses, not-for-profits and miscellaneous.

SQMS- This section will cover the new requirements for a firm’s system of Quality Management.

Field(s) of Study: Accounting

NASBA Approved

Update Level

4.0 Hrs

Enroll
  • More Info

    Learning Objectives

    Apply the new provisions for the System of Quality Management

    Apply the most pervasive accounting updates issued by the FASB

    Apply the new provisions for Credit Losses

    Apply the classification criteria to determine whether a lease is a finance or operating lease for a lessee
    Apply the lease standard for a finance lease
    Apply the lease standard for an operating lease
    Describe potential pitfalls related to the new standard
    Describe alternatives to the lease standard

    Identify the changes for not-for-profit accounting under GAAP

    Describe the Elements of Financial Statements under the FASB Concepts


    Level

    Update

    Prerequisites

    Experience with basic accounting concepts

    Advanced Preparation

    None

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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- 12/11/21

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

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Title : Risk Assessment in Performing an Audit (2CR)

Presented By : Jeffrey L. Sailor, CPA


Through the peer review program, the AICPA has identified risk assessment as a major area of noncompliance for audits. As a result, this will be a major focus area for peer reviews for the next several years and the AICPA has indicated they intend to be very strict on compliance.
 
In order to prepare for this, Jeff Sailor has created this focused webcast to cover all the major aspects of risk assessment.  Jeff will bring his truly unique presentation style to cover everything you need to know, including proper documentation. 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: August 14, 2020

Field(s) of Study: Auditing

NASBA Approved

Basic Level

2.0 Hrs

Enroll
  • More Info

    Learning Objectives

    Upon successful completion of this course, the participant should be able to:
    Describe the issues found in peer reviews
    Apply proper risk assessment in an audit
    Apply the documentation requirements
    Describe the tools provided by the AICPA

    Level

    Basic

    Prerequisites

    Experience in auditing

    Advanced Preparation

    None

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Title : Special Purpose Frameworks- The Alternative to GAAP (3CR)

Presented By : 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- 12/11/21


Field(s) of Study: Accounting

NASBA Approved

Basic Level

3.0 Hrs

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  • More Info

    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 : Accounting for Income Taxes: Step by Step Series (2CR)

Presented By : 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
 
Income taxes are a tough enough topic by themselves, but trying to make them make any kind of sense in financial statements is even more challenging.
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.
 
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- 100 minutes of instruction
Revision Date: December 11, 2021

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Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 Hrs

Enroll
  • More Info

    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

    Basic

    Prerequisites

    Experience in accounting

    Advanced Preparation

    None

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Title : Accounting for Credit Losses: Getting to Know CECL (2CR)

Presented By : Jeffrey L. Sailor, CPA


The accounting for credit losses has changed drastically as the result of ASU 2016-13. Some practitioners believe that this update only applies to financial institutions, but it not only applies, but will also have a major impact on most other entities as well.
 
In this course, Jeff explains the new concept of CECL and how it is used to account for credit losses. The focus of this course will be on the accounting while including just enough finance information for the standard to make sense. In addition, he will provide advice on how to coordinate the efforts of the accounting staff with that of the finance department.
 
As in all his courses, Jeff will include some levity to help you stay focused.


Course Level- Basic

Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date- 12/11/21

Promotional Snippet

Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 Hrs

Enroll
  • More Info

    Learning Objectives

    Upon completion of this course, the participant should be able to:
     
    Define CECL.
    Explain the differences between CECL and current GAAP.
    Describe various methods for applying CECL.
    Apply CECL to loans.
    Apply CECL to trade receivables.
    Apply the proper prestation.
    Explain the  general nature of required disclosures.

    Level

    Basic

    Prerequisites

    Experience in accounting

    Advanced Preparation

    None

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