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Instructor : Jeff Sailor

If you do not see a course date or time that works for you,

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Field(s) of Study: Accounting
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Jeff Sailor's 2021 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.

ACCOUNTING UPDATE- This segment will look at the latest updates to the FASB Codification, including revenue recognition Q&As, not-for profit accounting changes, examples for accounting for leases, credit losses, issues related to COVID and other FASB updates.

AUDIT UPDATE- This segment covers the new communications including the updated audit report, audit evidence and auditing accounting estimates. It will also cover the new requirements for Agreed-Upon Procedures engagements under SSAE 19.

SSARS UPDATE- This segment covers the newly issued SSARS 25, which make major changes to review engagements as well as changes for preparations and compilations as well.

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, 2021

Field(s) of Study: Accounting
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This is PART 1 of Jeff Sailor's 2021 A&A Update and Review. It allows a participant to break our classic 8 credit course into two convenient parts for viewing.

Jeff Sailor's 2021 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.

Here is the material in PART 1:

ACCOUNTING UPDATE- This segment will look at the latest updates to the FASB Codification, including revenue recognition Q&As, not-for profit accounting changes, examples for accounting for leases, credit losses, issues related to COVID and other FASB updates.

Course Level- Update

Delivery Method- Group Internet Based Webcast

Length- 200 minutes of instruction

Revision Date: July 1, 2021

Field(s) of Study: Accounting
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This is PART 2 of Jeff Sailor's 2021 A&A Update and Review. It allows a participant to break our classic 8 credit course into two convenient parts for viewing.

Jeff Sailor's 2021 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.

Here is the material in Part 2:

AUDIT UPDATE- This segment covers the new communications including the updated audit report, audit evidence and auditing accounting estimates. It will also cover the new requirements for Agreed-Upon Procedures engagements under SSAE 19.

SSARS UPDATE- This segment covers the newly issued SSARS 25, which make major changes to review engagements as well as changes for preparations and compilations as well.

Course Level- Update

Delivery Method- Group Internet Based Webcast

Length- 200 minutes of instruction

Revision Date: July 1, 2021

Field(s) of Study: Accounting
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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- 8/13/21

Field(s) of Study: Accounting
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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 compilations and review. To add to the confusion, there is now a new level of service known as a preparation, which has no report! 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 most important issues related to preparations, compilations and reviews as well as the general requirements that apply to all SSARS engagements. This course will highlight the brand new SSARS 25, which make major changes to review engagements as well as a few changes for preparations and compilations as well. Special attention will be placed on the provisions most important for compliance. We will also discuss some troublesome topics as well as other reporting topics.

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Field(s) of Study: Accounting
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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 new reporting and communicating as well as audit evidence and accounting estimates. We will also discuss the brand new SSAE 19 for agreed-Upon Procedures Engagements. We will also look Risk Assessment, as the AICPA has found that to be a major area of noncompliance. 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.

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Field(s) of Study: Auditing
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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- 8/13/19

Field(s) of Study: Accounting
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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- 8/13/19



Field(s) of Study: Accounting
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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: September 18, 2020

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Field(s) of Study: Accounting
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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- 10/22/20

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Field(s) of Study: Accounting
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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- 11/23/20

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Field(s) of Study: Accounting
  • 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