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Title : Jeff Sailor's 2025 A&A Update and Review (8 CR)

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.


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

AUDIT UPDATE - In-depth coverage of the COSO and impact on 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: 7/14/2025


Field(s) of Study: Accounting

NASBA Approved

Update Level

8 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 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
    • Apply the AICPA Practice Aid to implement your system of quality management
    • Describe proper accounting theory under the FASB Conceptual Framework
    • Cite and apply better practice skills

    Level

    Update

    Prerequisites

    Basic understanding of accounting and auditing

    Advanced Preparation

    None

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Title : The FASB Conceptual Framework (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

Accounting is a man-made science and thus it is critical to have a framework for consistency in standards. In this course Jeff will discuss the FASB Conceptual Framework which serves not only as the basis for the creation of new accounting standards, but can be used for better judgement in any accounting framework.


Delivery Method -Group Internet Based Webcast

Length - 100 minutes of Instruction with 10 minute break

Revision Date - 9/1/2025


Field(s) of Study: Accounting

NASBA Approved

Update Level

2 Hrs

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    Learning Objectives

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

    Describe the structure and elements of the FASB Conceptual Framework

    Apply the primary qualitative characteristics

    Apply the requirements for recognition and derecognition

    Apply the concepts for measurement

    Describe the criteria for footnote disclosures

    Level

    Update

    Prerequisites

    Basic understanding of accounting

    Advanced Preparation

    None

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Title : Agreed-Upon Procedures Engagements- Step by Step (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 new requirements under SSAE 19 for Agreed-Upon Procedures engagements.

AUPEs are a great tool for meeting your client’s needs without traditional reporting. They provide almost endless options for services with very little exposure. This is due to the fact that an AUPE has no conclusion or opinion. Instead, the users are left to form their own opinions as the practitioner simply reports the procedures performed and the findings. Jeff will walk you step by step through the entire process.

In addition to the material, 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


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 an agreed-upon procedures engagement
    Identify various options for AUPE
    Apply the provisions for performing an AUPE
    Identify language to be avoided when reporting
    Apply proper documentation

    Level

    Basic

    Prerequisites

    Basic understanding of reporting requirements

    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 : IFRS Accounting - IFRS Issues (2CR)

Instructors :  Jeffrey L. Sailor, CPA


This course will cover some the issues related to International Financial Accounting.  Topics include a discussion on the IFRS-SME, digital financial reporting, the effect of cryptocurrency on international accounting and the IFRS Sustainability Disclosure Standards.

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 a 10 minute break

Revision Date - 11/7/2024


Field(s) of Study: Accounting

NASBA Approved

Basic Level

2 Hrs

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    Learning Objectives

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

    Describe the basics of IFRS-SME

    Describe the meaning and issues related to digital financial reporting

    Describe the issues related to cryptocurrencies

    Describe the disclosure recommendations under the IFRS Sustainability Disclosure Standards

    Level

    Basic

    Prerequisites

    Basic understanding of accounting

    Advanced Preparation

    None

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Title : IFRS Accounting - The IAS and IFRS Standards (2CR)

Instructors :  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 Hrs

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    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

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

Instructors :  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 with two 10 minute breaks

Revision Date: 12/27/2024



Field(s) of Study: Accounting

NASBA Approved

Update Level

3 Hrs

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    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

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Title : Enjoyable Ethics- Chapter 3: The Conceptual Framework & Independence (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 edition, Jeff Sailor uses his truly unique presentation style to explain how to use the AICPA Conceptual Framework when faced with ethical issues, and covers independence requirements of the Code of Professional Conduct.

As usual, 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

NASBA Approved

Update Level

1 Hrs

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    Learning Objectives

    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

    Update

    Prerequisites

    Basic understanding of accounting and reporting

    Advanced Preparation

    None

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Title : Enhancing Audit Quality (2CR)

Instructors :  Jeffrey L. Sailor, CPA


The AICPA created the Enhancing Audit Quality Initiative to assist auditor with various trouble issues. The initiative involves assessing feedback from peer reviews and other sources to determine the root of the problem. The AICPA then works to assist auditors with correcting the issues.

This course will cover the concept as well as discuss various problem areas being worked on. It will highlight issues auditors may be facing and provide guidance for correction as well as free resources available.

As in all his courses, Jeff will include his unique perspective and sense of 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- 1/14/25


Field(s) of Study: Auditing

NASBA Approved

Basic Level

2 Hrs

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    Learning Objectives

    • Describe the Audit Quality Initiative
    • Identify the key matters to be worked on
    • Identify peer review pitfalls
    • Apply the resources available

    Level

    Basic

    Prerequisites

    Experience in auditing

    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


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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