Accounting for Liabilities under IFRS What You Need to Know about Share-based Payment (IFRS 2)

Enhance your theoretical knowledge and acquire the hands-on experience that will allow you to navigate the complexities surrounding International Financial Reporting Standards IFRS 2 (Share-based Payment). At the conclusion of this session you will be able to: Recognize the objective and scope of Share-based Payment under IFRS 2 Define and recognize the terms utilized in IFRS 2 Identify the recognition principles for Share-based Payment Recognize the principles used to recognize and meas...
Becker Professional Education

Accounting for Liab. under IFRS: What You Need to Know about Provisions, Cont. Liab. & Assets IAS 37

From theory to field application, this course provides the relevant background, context and tools to apply IAS 37 - Provisions, Contingent Liabilities and Contingent Assets under International Financial Reporting Standards. Understand key issues and the most recent amendments to the standard, and gain the practical experience that will help to you accurately and efficiently apply these standards within your organization. At the conclusion of this session, you will be able to: Recognize the ...
Becker Professional Education

Accounting for Liab. under IFRS: What You Need to Know about Income Taxes (IAS 12)

The continued globalization of accounting financial standards has significantly altered the landscape surrounding the accounting and presentation of Income Taxes (IAS 12). This is a standard that has seen amendments in recent years, ushering in new levels of complexity that demand theoretical knowledge along with practical hands-on experience. At the conclusion of this session you will be able to: Define the scope of Income Taxes under International Accounting Standards (IAS 12). List the ...
Becker Professional Education

Accounting for Liab. under IFRS: What You Need to Know about Employee Benefits (IAS 19)

Enhance your theoretical knowledge and acquire the hands-on experience that will allow you to navigate the complexities surrounding International Financial Reporting Standards IAS 19 (Employee Benefits). At the conclusion of this session you will be able to: Define the objectives and scope of Employee Benefits under IAS 19 Recognize the specified meanings of terms given and used in IAS 19 for each particular definition category Identify the different forms of Short-Term Employee Benefits ...
Becker Professional Education

Accounting for Leases & Asset Retirement Obligations ASC 840 (SFAS 13)/ASC 410 (SFAS 143)

Participants will study critical definitions and work through relevant examples to obtain the experience and skills required to meet the ever-changing and complex requirements of Accounting for Leases (ASC 840/SFAS 13) and Asset Retirement Obligations (ASC 410/SFAS 143) as they relate both to lessors and lessees. After completing this session you will be able to: Recognize, define, and apply the principles utilized to account for operating and capital leases Define the accounting principle...
Becker Professional Education

Accounting for Derivative Financial Instruments & Hedging Activities (ASC 815/SFAS 133 & SFAS149)

Using relevant examples and illustrations, participants will explore the specifics of ASC 815 and how the revised standards differ from previous guidance. Review the hedging activities and derivative instruments available today, and separate myth from reality as you gain the knowledge and hands-on experience that can ensure compliance. After completing this session you will be able to: Identify the risks that corporations face Apply the key accounting principles followed under ASC 815 App...
Becker Professional Education

Accounting for Deferred Income Taxes & Uncertain Tax Positions (ASC 740/SFAS 109 & FIN 48)

Gain the foundational knowledge and critical strategies that will allow you to successfully address intraperiod and interperiod tax allocation and the other relevant issues surrounding Accounting for Deferred Income Taxes & Uncertain Tax Positions. After completing this session you will be able to: Define Interperiod Tax Allocation Define Permanent and Temporary differences and apply the proper tax determination procedures Apply the proper accounting for Operating Losses Apply the rules ...
Becker Professional Education

Accounting for Consolidations: What You Need to Know about Cost, Equity & Acquisition Methods, Pt. 2

In the second of a two-part course, we focus on the preparation of consolidated financial statements. With a thorough rundown of the rules, case studies and detailed worksheets, you'll be prepared to account for a range of consolidation scenarios. At the conclusion of this session you will be able to: Recognize the characteristics of acquisition method business combinations Recognize the accounts that are eliminated and recognized when applying the acquisition method and how to prepare the...
Becker Professional Education

Accounting for Consolidations What You Need to Know about Cost, Equity and Acquisition Methods, Part 1

In this first of a two-part course, we provide the rules and best practices for consolidating financial statements. In this session you will explore Marketable Securities and the Cost and Equity Methods of accounting for investments and consolidations. At the conclusion of this session you will be able to: Recognize the types of marketable securities, their classification and the impact they have on an entitys financial statements Recognize the purpose and characteristics of consolidated f...
Becker Professional Education

Accounting for Assets under IFRS: What You Need to Know about PP&E & Investment Property IAS 16 & 40

Preparing Financial Statements in accordance with International Financial Reporting Standards requires accurate and up-to-date theoretical knowledge along with practical and thorough hands-on experience. At the conclusion of this session you will be able to: Recognize the scope and objectives of International Accounting Standard 16 (IAS 16) Define the terms used in IAS 16 Identify the rules followed to determine how and when to recognize Property, Plant and Equipment under IAS 16 Recogni...
Becker Professional Education

Accounting for Assets under IFRS: What You Need to Know about NC Assets Held for Sale/DO (IFRS 5)

Rapid and important changes are underway in the accounting world. Obtain critical working knowledge on the treatment of Non-current Assets Held for Sale and Discontinued Operations under International Financial Reporting Standards. This course will blend theory and practical hands-on experience to enable the effective application of IFRS 5. At the conclusion of this session you will be able to: Recognize the scope of Non-current Assets Held for Sale and Discontinued Operations under Interna...
Becker Professional Education

Accounting for Assets under IFRS: What You Need to Know about Inventories & Borrowing Costs IAS 2 & 23

Obtain a relevant historical perspective, deepen your understanding of current standards, and acquire the critical hands-on experience that will allow you to effectively interpret and properly apply International Financial Reporting Standards for Inventory and Borrowing Costs (IAS 2 and 23). At the conclusion of this session you will be able to: Recognize the scope and objectives of International Accounting Standard 2 (IAS 2) Define the terms used in IAS 2 Recognize the methodologies util...
Becker Professional Education

Accounting for Assets under IFRS: What You Need to Know about Intangible Assets (IAS 38)

Obtain not only just theoretical knowledge, but also relevant background experience and practical working knowledge of Intangible Assets within International Accounting Standards (IAS 38). Enhance your ability to properly, effectively and easily apply IAS 38 to financial statements in accordance with International Financial Reporting Standards (IFRSs). At the conclusion of this session, you will be able to: Identify the scope and objectives of Intangible Assets under IAS 38. Define the ter...
Becker Professional Education

Accounting for Assets under IFRS: What You Need to Know about Impairment of Assets (IAS 36)

The effective application of IAS 36 Impairment of Assets is critical to the appropriate preparation and presentation of financial statements under International Financial Reporting Standards. A blend of theory and practical hands-on experience will equip you for real-world applications of IAS 36. At the conclusion of this session you will be able to: Recognize the scope of Impairment of Assets under International Accounting Standard 36 (IAS 36) Define the terminology used in IAS 36 Recogn...
Becker Professional Education

Accounting & Reporting Changes in FE Rates & HE under IFRS IAS 21 & 29

Fluctuating foreign exchange rates in hyperinflationary economies pose difficult challenges and complexities when applying International Reporting Standards. Gain the knowledge and experience that will allow you to apply IAS 21 (The Effects of Changes in Foreign Exchange Rates) and IAS 29 (Financial Reporting in Hyperinflationary Economies) within your organization. At the conclusion of this session you will be able to: Define the terms utilized in IAS 21. Recognize and apply the principal...
Becker Professional Education

Compilation and Review Risk Alert

Upon successful completion of this program, the user should be able to: Discuss the compilation and review hierarchy Explain the current guidance related to engagement letters and where recurring issues arise Distinguish between an attest and an assurance engagement Explain review evidence and risk awareness.
Bisk CPEasy

Compilation and Review Alert Practice Issues

Upon successful completion of this program, the user should be able to: Discuss the authoritative guidance for accounting bases other than GAAP Discuss the appropriate note disclosures that need to be present when financial statements are prepared using an OCBOA Discuss the advantages to using an OCBOA Discuss the authoritative source of accounting guidance in the United States for nonissuers Discuss the consolidation requirements for variable interest entities
Bisk CPEasy

Compilation & Review Guide

Upon successful completion of this program, the user should be able to: Discuss the applicability of Statements on Standards for Accounting and Review Services (SSARS) to various types of professional services Explain the guidance regarding a change in the of level of service Explain the objective and requirements of a compilation of financial statements Discuss changes in the report resulting from departures from GAAP Discuss the professional standards for a review engagement Explain th...
Bisk CPEasy

Commonly Controlled Entity Transactions & Combinations

Upon successful completion of this program, the user should be able to: Identify where the authoritative literature for these transactions and combinations are located Discuss the definition of control Discuss the accounting for two entities rolling together without a change in control occurring Explain the effect of accounting for combinations of commonly controlled entities at fair value
Bisk CPEasy

Coaching and Supervising Staff

Upon successful completion of this program, the user should be able to: Identify motivational factors for individuals List the steps to providing constructive feedback Discuss SMART goals Discuss goal setting Explain the impact of different personality types on effective coaching
Bisk CPEasy

Clarity Standards' Scalability

Upon successful completion of this program, the user should be able to: Discuss the changes made under the clarified auditing standards to confirmations Explain changes made to the audit report under the clarified auditing standards Discuss the area of biggest change due to the clarified auditing standards Discuss the different types of risk present in an audit Explain the process of inherent risk assessment in an audit
Bisk CPEasy

Cash Flow Statements

Upon successful completion of this program, the user should be able to: Define a complete set of financial statements Identify how the statement of cash flows is different from other financial statements Identify the categories of a statement of cash flows and what falls into each category Explain the two methods of preparation of the statement of cash flows and the differences between them
Bisk CPEasy

Bisk GAAS Guide

Upon successful completion of this program, the user should be able to: Explain the rationale for recently issued audit standards List the basic responsibilities and nature of the audit function Identify the overall objectives of the independent auditor and the conduct of an audit in accordance with GAAS as stated in SAS No. 122 Discuss the existence of Public Company Accounting Oversight Board (PCAOB) auditing standards and when they apply Discuss the existence of government auditing sta...
Bisk CPEasy

BISK ACCOUNTING AND AUDITING REPORT

The Bisk Accounting & Auditing Report is a monthly newsletter that is delivered each and every month either via the Internet with audio streaming or in a traditional paper-based product with accompanying audio CD. Each monthly issue is worth 1 CPE credit hour; the annual subscription will provide you 12 CPE credit hours. The Bisk Accounting & Auditing Report provides late-breaking accounting and auditing news most vital to a CPA's practice or business. Featuring guidance from industry leade...
Bisk CPEasy

AVOIDING IDENTITY THEFT BY PUBLIC EMPLOYEES

Upon completion of this program, the user should: Be aware of situations in which a social security number can be obtained Understand how to minimize the risk of identity fraud Be aware of the procedures for removing data from a computer
Bisk CPEasy

Audits of State and Local Governments

Upon successful completion of this program, the user should be able to: Discuss the significant changes to the AICPA Codification of Auditing Standards Discuss the 2011 revision of Government Auditing Standards Explain the purposes and types of risk assessment and other planning procedures Discuss the entity and its environment, including its internal control Discuss audit planning decisions and judgments, including materiality and risk levels Discuss substantive procedures required in e...
Bisk CPEasy

Auditing for Contingencies

Upon successful completion of this program, the user should be able to: Identify where the primary accounting guidance for contingencies is found Identify the steps in evaluating a contingency for possible accrual and/or disclosure Discuss accrual and disclosure of both loss and gain contingencies Discuss the important audit considerations related to contingencies
Bisk CPEasy

Audit Sampling

Upon successful completion of this program, the user should be able to: Discuss sampling and nonsampling risk Discuss sample size selection for both attribute and substantive testing Explain common sample size selection related to smaller populations Explain sample selection when multiple locations are involved
Bisk CPEasy

Audit Risk Alert: Employee Benefit Plans

Upon successful completion of this program, the user should be able to: Describe the role of certified information for the auditors of employee benefit plans Explain where participant loans are to be reported Discuss the disclosures related to uncertain tax positions Identify items that would constitute a material weakness Discuss requirements for required supplementary information
Bisk CPEasy

Audit Reports

Upon successful completion of this program, the user should be able to: Identify the sections in the clarified literature addressing changes in the audit report Discuss the captions required within the audit report under the clarified guidance Explain what results in a modified audit opinion and how, under the new guidance, a report may be modified
Bisk CPEasy

Audit Documentation and Workpaper Review

Upon successful completion of this program, the user should be able to: Discuss the primary goal of audit documentation in accordance with GAAS List areas that need strong documentation according to GAAS Identify ways to improve audit effectiveness and efficiency Identify ways to improve the effectiveness and efficiency of clearing workpaper notes Explain which member of the engagement team does the most detailed review
Bisk CPEasy

Asset Impairment

Upon successful completion of this program, the user should be able to: Define impairment Identify where the applicable accounting literature may be found Identify the bases of accounting to which the guidance applies Determine how frequently nonamortizable, nongoodwill intangibles need to be assessed for impairment Determine how frequently property, plant, and equipment held and used should be tested for impairment Explain how property, plant, and equipment held for sale is accounted fo...
Bisk CPEasy

Application of COSO for Smaller Companies

Upon successful completion of this program, the user should be able to: Discuss the COSO Internal Control—Integrated Framework, its background, objectives, and components Explain the importance of employing a risk-based approach when developing an effective internal control system Discuss the control environment, its seven underlying control principles, and its importance in developing an effective internal control system Discuss the importance of risk assessment and the impact different...
Bisk CPEasy

An Overview of the Impact of IFRS Convergence on Private Entities

Upon successful completion of this program, the user should be able to: Discuss the history and function of the International Accounting Standards Board (IASB) Explain the basis for the change, and the pathway to International Financial Reporting Standards (IFRS) convergence Discuss the reporting transition issues and global convergence tasks List benefits of global IFRS for private entities Discuss the International Financial Reporting Standard (IFRS) for Small and Medium-Sized Entities ...
Bisk CPEasy

Advanced Fraud Techniques

Upon successful completion of this program, the user should be able to: Define fraud List the three elements necessary to prove fraud Evaluate the risks of fraud and implement the processes, procedures, and controls needed to mitigate the risks Develop an appropriate oversight process Identify the symptoms of fraud Discuss how accounting anomalies can help detect fraud Identify theft investigation methods Explain concealment investigation methods Discuss how to obtain documentary evid...
Bisk CPEasy

Advanced Forensic Accounting

Upon successful completion of this program, the user should be able to: Define forensic accounting Identify types of litigation service roles of a forensic accountant Explain reasons for initiating fraud investigations Identify the differences between financial statement audits and fraud investigations List the steps in conducting a fraud investigation Cite the key elements in obtaining a successful interview Identify the elements in conducting an admission-statement interview Explain ...
Bisk CPEasy

Accounting for Stock-Based Compensation

Upon successful completion of this program, the user should be able to: Explain the basic principles of the APB Opinion No. 25 model Discuss the SFAS No. 123 and SFAS No. 123(R) models, including reasons why SFAS No. 123(R) was issued Describe the key provisions of FASB ASC Topic 718 Describe the areas the framework of FASB ASC 718 provides guidance for Discuss valuation techniques and option pricing models Determine whether an award should be classified as equ...
Bisk CPEasy

Accounting for Income Taxes

Upon successful completion of this program, the user should be able to: Distinguish between the objectives of calculating the tax liability and financial reporting Discuss the basic principles of tax assets and liabilities Explain the balance sheet approach of accounting for taxes Describe taxable temporary differences Determine the causes of taxable temporary differences Identify what distinguishes permanent differences from temporary differences Identify the steps in measuring deferre...
Bisk CPEasy

ACCOUNTING FOR BUSINESS COMBINATIONS

Upon successful completion of this program, the user should be able to: Discuss the reasons why the FASB decided to require use of only the purchase method Explain the Accounting Standards Codification® and Accounting Standards Updates for business combinations and intangibles, including goodwill and other intangible assets Define a business, a business combination, and fair value Define common control and accounting for combinations under common control Discuss SEC guidance on retroacti...
Bisk CPEasy

ACCOUNTING AND REPORTING FOR OCBOAS

Upon successful completion of this program, the user should be able to: Identify the current special purpose frameworks and which ones are OCBOAs Discuss the advantages of using a special-purpose framework Describe the note to the financial statements that results from using a special-purpose framework Discuss notes to the financial statements that are required without regard to the basis of accounting used
Bisk CPEasy

Estate Tools and Trusts

Course Description: This course will go over the different estates, as well as the transfers associated. Danny Santucci will also address the special planning tools and how to benefit from them. Learning Objectives: Upon successful completion of this course, participants will be able to: Identify the key participants and their roles in a coordinated estate plan Explain probate process including trust administration Compare and contrast specialized estate planning t...
CPEcredit.com

EQ vs. IQ: The Secret to a CPA's Success

Course Description: EQ allows us to understand an event, dictates how we respond to that event, and thereby helps us change our feelings about each event as they occur. This course is going to show you the secrets to becoming a successful CPA. Learning Objectives: Upon successful completion of this course, participants will be able to: Understand the difference between Emotional Quotient (EQ) and Intellectual Quotient (IO) Understand the general measurement tools us...
CPEcredit.com

Enron: Fraud, Deception and the Aftermath

Course Description: The Enron case has torn apart the accounting and auditing profession like no other development. Based on exhaustive research in to Enron by the course author, this course is divided in to three sections as follows: Section 1 emphasized the four special-purpose entities (SPEs) that brought Enron down. Section 2 addresses the Sarbanes-Oxley Act, and its requirements for auditors. Section 3 focuses on recent fraud statistics and an analysis of the new auditor fraud requi...
CPEcredit.com

Enron: Fraud, Deception and the Aftermath

Course Description: The Enron case has torn apart the accounting and auditing profession like no other development. Based on exhaustive research in to Enron by the course author, this course is divided in to three sections as follows: Section 1 emphasized the four special-purpose entities (SPEs) that brought Enron down. Section 2 addresses the Sarbanes-Oxley Act, and its requirements for auditors. Section 3 focuses on recent fraud statistics and an analysis of the new auditor fraud requi...
CPEcredit.com

Employment Taxes

Course Description: This course will go over the different employment taxes including federal income tax withholding and federal unemployment tax. This course will take you into the IRS investigations and cases, as well. Learning Objectives: Upon successful completion of this course, participants will be able to: Recognize the funding sources for the federal government Understand an employer’s income and employment tax withholding and reporting requirements Under...
CPEcredit.com

Derivatives & Hedging for Accountants - QAS

Course Description: This course provides an “accountant-friendly” overview of financial risk management and derivative instruments. This overview focuses on the various types of risk that impact financial markets today, as well as the four major categories of derivatives commonly used to hedge these risks (i.e. forwards, futures, swaps and options). Learning Objectives: Upon successful completion of this course, participants will be able to: Define the various ty...
CPEcredit.com

Current Developments in Accounting

Course Description: The purpose of this course is to inform the reader of the various changes affecting the accounting professional related to accounting and financial reporting. Learning Objectives: Upon successful completion of this course, participants will be able to: Identify the key changes proposed in the revenue recognition project Recognize the differences between IFRS for SMEs and IFRS Identify some of the 12 recommended principles for the Comprehensive Busin...
CPEcredit.com

Cost Management - Accounting and Control

Course Description: This course covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI) strategies. Topics include analysis of costs; job order and process costing; break-even and contribution analysis; activity-based costing (ABC); balanced score...
CPEcredit.com

Corporate Fraud Statistics

Course Description: Security experts estimate that as many as 30 percent of all employees do steal, and that another 60 percent will steal if given sufficient motivation and opportunity. The current economic hard times only add to the temptation of personnel to take what does not belong to them. This means that it is estimated that only 10 percent of employees will not steal under any circumstances. The least expensive way to fight corporate fraud within your organization or those o...
CPEcredit.com

Corporate Fraud Investigators

Course Description: In July 2002, President Bush formed a task force comprised of senior executives from various federal agencies to address the barrage of corporate fraud cases that surfaced in the wake of the Enron scandal. As the primary agency investigating corporate fraud, the FBI has focused its efforts on cases which involve accounting schemes, self-dealing by corporate employees, and obstruction of justice to conceal fraudulent activities from criminal and regulatory authoritie...
CPEcredit.com

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