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Title : Enjoyable Ethics- Chapter 3: The Conceptual Framework & Independence (1CR)

Presented By : 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 - 10/25/22



Field(s) of Study: Regulatory Ethics

NASBA Approved

Update Level

1.0 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 : Jeff Sailor's 2024 A&A Update and Review- Part 2 (4CR)

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.


This is PART 2 of the course and covers the following topics:


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- 200 minutes of instruction- with three 10 minute breaks

Revision Date: 7/22/24

Field(s) of Study: Accounting

NASBA Approved

Update Level

4.0 Hrs

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    Learning Objectives

    • Identify and apply the most pervasive GAAP updates
    • 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
    • Cite and apply better practice skills

    Level

    Update

    Prerequisites

    Basic understanding of accounting and auditing

    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

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Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 Hrs

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    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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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

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  • 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

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Title : Jeff Sailor’s Definitive Revenue Recognition Course (4CR)

Presented By : Jefrey 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- 12/11/21

Field(s) of Study: Accounting

NASBA Approved

Basic Level

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

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 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

3.0 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)

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- 8/14/20

Field(s) of Study: Accounting

NASBA Approved

Basic Level

2.0 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 : 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- 12/11/21

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Field(s) of Study: Accounting

NASBA Approved

Basic Level

3.0 Hrs

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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

    Basic

    Prerequisites

    Experience in accounting topics

    Advanced Preparation

    None

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Title : Enhancing Audit Quality (2CR)

Presented By : 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- 5/22/20

Field(s) of Study: Auditing

NASBA Approved

Basic Level

2.0 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 : 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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