WICPA CPE & Special Event Catalog
Tax Practice Conduct Standards: Circular 230 & AICPA Statements 26-27
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Online
4.00 Credits
Member Price: $175
Meet the ethics requirement while addressing significant changes in the statutory and regulatory standards that govern tax practitioners. We'll explore rules that govern professional conduct in tax practice, including responsibilities to advise clients on tax positions and related penalty avoidance. Note: This course qualifies to count toward the WICPA membership Ethics CPE requirement.
ABC Trust Planning & the Portable Exclusion 26-27
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Online
8.00 Credits
Member Price: $329
The One Big Beautiful Bill has removed much of the uncertainty concerning the estate tax exclusion. Nonetheless, clients still need to address: the estate, gift, generation-skipping, income and property tax implications of estate plans; the pros and cons of relying on the portable exclusion to avoid estate tax; and strategies to benefit non-citizen spouses. In this course, we examine the role of the marital deduction and Survivor's Trusts ("A" trusts), ways to maximize planning opportunities by building flexibility into the modern estate plan, the qualitative and quantitative implications of various strategies affecting blended families, whether to use Bypass ("B") Trusts, QTIP ("C") trusts, or qualified domestic trusts (QDOTs) and whether to file a Form 706 when it's not required.
Financial Reporting Fundamentals 26-27
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Online
8.00 Credits
Member Price: $329
Gain the knowledge to read and understand the differences between IFRS and US GAAP financial reports. A recent IFRS Foundation survey found that 167 jurisdictions now require the use of IFRS Accounting Standards for all or most publicly listed companies, while 12 jurisdictions permit its use. With this global acceptance and as more than 1,000 foreign companies are reporting to the SEC using IFRS, learn how to read and understand the differences between US GAAP and IFRS financial reports. Attendees will examine an IFRS financial report and a US GAAP financial report, outlining essential distinctions between the US GAAP and IFRS reports.
OCBOA Case Studies 26-27
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Online
8.00 Credits
Member Price: $329
Understanding the advantages and disadvantages of alternatives to Generally Accepted Accounting Principles (GAAP) financial statement presentations is vital to making proper client choices. For example, practitioners may seek to use the Other Comprehensive Basis of Accounting (OCBOA) financial statement presentations, as GAAP will increase complexity and the cost of compliance. Here, we'll explore compliance with the preparation, presentation, disclosure and reporting nuances of cash- and tax-basis financial statements. We'll also discuss the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs). This course meets the specific OCBOA requirements that CPAs must meet for the re-issuance of their license.
Lease Accounting - Making Sense of the Standard 26-27
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Online
4.00 Credits
Member Price: $175
This program makes sense of the controversial lease standard. The subtleties of the standard make it difficult to implement and monitor. There will be a detailed discussion on what constitutes a lease, how to monitor them and ongoing challenges.
Surgent's 2024 Tax Update
Available Until
Online
3.00 Credits
Member Price: $59
Both businesses and individual clients face major changes as a result of tax reform and tax professionals face the considerable challenge of delivering effective planning advice and services to address this myriad of recent developments. This course addresses this challenge and also encompasses the latest tax legislation applicable to individual and business clients. Continually updated to reflect enacted legislation.Note: This is a downloadable self-study course.
Surgent's 2024 Tax Update for Client Advisory Services
Available Until
Online
4.00 Credits
Member Price: $129
Client advisory services (CAS) professionals are becoming a more integral part of the operations of any CPA firm. As such, they must stay on top of changing tax law. In this course, we will explore tax changes in areas CAS professionals are involved with: information reporting, payroll tax issues and tax credit and deduction documentation. We will also discuss relevant changes to individual and business tax returns so that CAS professionals can better assist clients with tax needs in the upcoming year. Note: This is an on-demand webcast self-study course.
Surgent's Accounting, Audit & Attest Update for Practitioners With Small-Business Clients
Available Until
Online
8.00 Credits
Member Price: $159
Specifically tailored for practitioners who not only perform audits but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, auditing and SSARS standards, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance. Through a detailed review of lease accounting guidance (ASC 842), common special purpose frameworks, new guidance related to audits and SSARS engagements and the fully implemented credit loss standard (ASC 326, CECL), this course will get you up to speed on the things that are most important to your smaller and medium-sized clients.Note: This is a downloadable self-study course.
Surgent's Accounting & Auditing Credit Losses Under ASC 326
Available Until
Online
2.00 Credits
Member Price: $89
ASC 326 significantly changes the accounting for credit losses. Given its pervasive scope, virtually every company will need to at least assess the impact of the new ASC 326 guidance and potentially record a material adjustment to implement the new accounting guidance. In this module, we will review the scope of ASC 326, the key provisions of the accounting model and how entities can estimate credit losses for a variety of in-scope financial assets. As the CECL and other credit loss methodologies under ASC 326 represent accounting estimates, the module will also review both the current and soon to be effective auditing guidance related to this often complex area. (Please Note: This module is part of Surgent's Audit Skills Training: Level V.) Note: This is an on-demand webcast self-study course.
Surgent's Accounting & Auditing Revenue
Available Until
Online
2.00 Credits
Member Price: $89
Revenue is often one of the largest and most significant line items in a company's financial statements. It is also the line item that is most susceptible to fraud. Further, all companies reporting under U.S. GAAP have either recently completed or are completing their transition to a complex new accounting standard for recognizing revenue from contracts with customers, ASC 606. Clearly it is imperative that all auditors have a detailed understanding of both ASC 606 and how to effectively audit revenue transactions. In this session of the Surgent Audit Skills Series, we'll review the key elements of ASC 606, including the new disclosure requirements for private companies under the new standard. Then, we'll focus on how to audit revenue, including the elements of an effective risk assessment related to revenue, key controls over the revenue process and substantive procedures. This information with both provides you with the information to audit revenue effectively and efficiently and comply with relevant auditing standards related to revenue. (Please Note: This module is part of Surgent's Audit Skills Training: Level III.) Note: This is an on-demand webcast self-study course.
Surgent's Accounting Changes & Error Corrections: What Every CPA Needs to Know
Available Until
Online
2.00 Credits
Member Price: $49
This course provides an overview of the accounting requirements with respect to accounting changes and error corrections and the reporting implications within an entity's financial statements. The scope of accounting changes includes a discussion of changes in accounting principles, changes in accounting estimates, as well as changes of a reporting entity. The course also provides an overview of the accounting requirements of correcting errors in previously issued financial statements as well as restatement considerations. A majority of the information included within this course is sourced from the requirements found within FASB ASC Topic No 250, Accounting Changes and Error Corrections.Note: This is a downloadable self-study course.
Surgent's Accounting for & Auditing Complex Investments
Available Until
Online
2.00 Credits
Member Price: $89
As companies look for greater investment returns in the current low interest rate environment, they are often investing in more risky types of investments, such as cryptocurrency. Further, as they look to hedge business risks, companies are frequently entering into derivative transactions, which both can contain unexpected risk and accounting complexity. As you advance in your audit careers, you will be faced with both understanding the accounting for and auditing these complex financial statement areas. In this course, we'll review the accounting models of several types of complex investments and review common audit procedures in these areas. (Please Note: This module is part of Surgent's Audit Skills Training: Level III.) Note: This is an on-demand webcast self-study course.
Surgent's Accounting for & Auditing Inventory
Available Until
Online
2.00 Credits
Member Price: $89
Many entities have inventory on their books. The types of inventory can range from simple resale of goods purchased to more complex inventories that use process costing. This module will discuss accounting for and auditing less complex inventories and provide an overview of issues associated with auditing more complex inventories. Inventory observations were covered in an earlier module. (Please Note: This module is part of Surgent's Audit Skills Training: Level III.)Note: This is an on-demand webcast self-study course.
Surgent's Accounting for & Auditing Leases
Available Until
Online
2.00 Credits
Member Price: $89
Accounting for and auditing leases was always a challenging task. Adding the implementation of the lease accounting guidance in ASC 842, Leases, will undoubtedly add that much more complexity to this audit area. In this module, we will review the new lease accounting model for lessees, compare and contrast the new model with the existing guidance in ASC 840 and review in detail the key considerations in accounting for operating leases under ASC 842 and the other new guidance in the standard. Then, we'll review common audit procedures related to auditing the lease liability and the related Right-of-Use asset, including reviewing the enhanced lease disclosure requirements under ASC 842 and review common audit procedures to perform over the cumulative effect adjustment which entities must record when they adopt ASC 842. (Please Note: This module is part of Surgent's Audit Skills Training: Level III.) Note: This is an on-demand webcast self-study course.
Surgent's Accounting for Guarantees
Available Until
Online
1.00 Credits
Member Price: $29
Guarantees are often included within certain purchase agreements, sales agreements, commercial agreements and many other types of agreements. This course provides an overview of the accounting, reporting and disclosure requirements related to guarantees. The U.S. GAAP guidance related to guarantees is prescribed by ASC Topic 460.Note: This is a downloadable self-study course.
Surgent's Accounting for Litigation & Legal Contingencies
Available Until
Online
2.00 Credits
Member Price: $49
This course provides an overview of the accounting and financial reporting requirements with respect to litigation. This includes distinguishing between probable, reasonably possible and remote litigation outcomes as well as how to evaluate, recognize, measure and disclose litigation-related contingencies.Note: This is a downloadable self-study course.
Surgent's Accounting for Software: Internal Use & External Sales
Available Until
Online
2.00 Credits
Member Price: $49
This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties. The accounting, reporting and disclosure requirements related to software depends on the nature of the software and whether it will be used internally by an entity or will be marketed to its customers. For internal-use software, the guidance is prescribed by ASC Topic 350-40. On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20. Note: This is a downloadable self-study course.
Surgent's Accounting Hot Topics
Available Until
Online
2.00 Credits
Member Price: $89
In addition to being experts on the nuts and bolts of accounting and auditing, experienced auditors must also be aware of the emerging trends in our industry, as well as those complex topics with which we don't need to deal on an everyday basis. In this session, we'll cover some of those emerging and challenging topics. First, we'll review technology hot trends and how they will likely impact your clients and how you will need to address them in your audit risk assessments and procedures. Next, as the FASB continues to implement more opportunities to value assets and liabilities at their fair value, we'll review the accounting definition of fair value and how it's determined. Lastly, we'll review two areas that use fair value concepts pervasively, accounting for business combinations and asset impairment. With a sound understanding of the basic accounting concepts related to these complex topics, auditors will be able to significantly enhance the level of services that they can provide to their clients. (Please Note: This module is part of Surgent's Audit Skills Training: Level IV.)Note: This is an on-demand webcast self-study course.
Surgent's Accounting Principle Changes: What Every CPA needs to know
Available Until
Online
1.00 Credits
Member Price: $29
This course provides an overview of the accounting requirements with respect to accounting principle changes. The scope of accounting changes includes a discussion of changes in accounting principles, changes in accounting estimates, as well as changes of a reporting entity. A majority of the information included within this course is sourced from the requirements found within FASB ASC Topic No. 250, Accounting Changes and Error Corrections.Note: This is a downloadable self-study course.
Surgent's Achieving High Levels of Compliance & Customer Service in Your Organization
Available Until
Online
4.00 Credits
Member Price: $129
Probably one of the greatest conflicts in an organization is determining which is more important: compliance or customer service. This program digs deeply into the issue and prepares the finance professional to achieve high levels of compliance and customer service in the department and in the entire organization. We will examine both disciplines from an analytical standpoint, proving why they are necessary for both for-profit and nonprofit businesses to achieve success.Note: This is an on-demand webcast self-study course.
