CPE Catalog & Events

Robotic Process Automation Risk Management

Advantages & disadvantages S corporation status Termination Income and expense Built-in gain Passive income Basis of stocks and debts Distributions Form 1120S Fringe benefits

The purpose of financial statement analysis Comparing Actuals vs. Expectations & Benchmarking Case Studies 1 & 2 Ratio Analysis Case Study 3 Analysis of Statement of Cash Flows Case Studies 4 & 5 Other Uses of Ratios Summing It Up

Section 162 Expenses of not-for-profit activities Rent expenses Interest expense Deductible taxes Other selected deductible costs Amortization Depletion -613 Business bad debts Depreciation

Asset protection COBRA coverage Bankruptcy Divorce settlements and divisions Employment and Social Security Americans with Disabilities Act Entities and title Insurance & foreclosure Involuntary conversions Torts and personal injuries

Special purpose frameworks vs. GAAP AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) Cash and tax bases of accounting Other Comprehensive Basis Of Accounting (OCBOA) Revenue recognition Accounting methods Financial statements Disclosures

Tax Economics Installment Sales & Time Value of Money Mortgage Finance Home Sales & Like-Kind Exchanges Involuntary Conversions Passive Loss & At-Risk Rules Sales by Foreign Investors REITS

Fraudulent financial reporting Business issues and risks Going concern uncertainties Related party transactions Misstatements Noncompliance with laws Preparations, compilation and reviews Client acceptance and continuation

Preparing for the Next 3-5+ Years? Supply Chain Disruption? Refinancing? Insurance? M&A? Labor and H2A Programs? Great Resignation

Legislative history American Jobs Creation Act of 2004 and changes to IRC Section 6159 Comprehensive coverage of the three main types of OIC Doubts as to collectability (DATC) Doubts as to liability (DATL) Effective tax administration (ETA) Hybrid of DATC Detailed walk-through of the process and key terms Practical solutions and success rates Various scams

Gain exclusion and tax-free reorganization planning Gain exclusion with sales of C corporation stock – Section 1202 Deferral of gain with installment reporting Gain planning with partnerships Basis planning – basis step-up at death, gifts of interests to family Restructuring the business entity – C vs. S corporation, partnerships, LLCs Real estate planning – retention vs sales, like-kind exchanges Employee stock ownership plans – special tax incentives Employee benefit planning with ownership change Taxes other than the federal income tax – state tax, estate, gift and generation-skipping taxes, and property taxes Prospects for tax law change

Overview of common investment types Typical audit risks and related audit procedures Alternative Investments Fair value disclosure, including applying the fair value hierarchy

Explain typical audit risks and special considerations related to cash and cash equivalents Identify the risk of fraud related to cash and cash equivalents Describe designing a detailed audit plan, linking assessed risk to planned procedures Techniques used to perform the audit procedures associated with auditing cash and cash equivalents Obtaining evidence related to cash and cash equivalents Case study and test yourself questions related to auditing cash and cash equivalents

New SAS Nos. 142–145 AICPA Code of Professional Conduct Updates AICPA’s proposed Statements on Quality Management Standards

Technology trends and hot topics Fair value concepts Accounting for business combinations Asset impairment accounting

An overview of the accounting requirements with respect to accounting principle changes Accounting changes that can take the shape of changes in accounting principle, changes in accounting estimates, and changes in reporting entity The ASUs that have affected ASC topics over the last few years

Scope and overview of ASC 326 Applying ASC 326 and the CECL model Transitioning to ASC 326 Presentation and disclosure requirements of ASC 326 Auditing accounting estimates Key changes to auditing estimates due to the issuance of ASC 326

Topic 606, Revenue from Contracts with Customers, including recently issued ASUs impacting Topic 606 The FASB’s new five-step revenue recognition model, including hands-on examples and illustrations of the new guidance, including presentation and disclosure requirements Performing an effective risk assessment related to revenue Common internal controls and substantive audit procedures related to revenue

Overview of the accounting related to guarantees Review of the reporting related to guarantees Examination of the disclosure requirements related to guarantees

The accounting, reporting, and disclosure requirements related to software Internal-use software arrangements Cloud and non-cloud based arrangements Software for resale Software sold to third parties ASC Topic 350-40 ASC Topic 985-20