CPE Catalog & Events

Changes needed to revenue recognition. Promised goods or services. Do promised goods/service represent performance obligations? Post-implementation issues. Quantitative vs. Qualitative. Pre-production activities. Product warranties. Optional purchases. Franchisor considerations.

U.S. GAAP vs. IFRS. Revenue recognition. Identifying the contract(s) with a customer. Identifying the performance obligations in the contract. Determining the transaction price. Allocating transaction price to performance obligations. Recognize revenue when (or as) the entity satisfies a performance obligation. Interim disclosures.

Why the change in the revenue recognition standards. Evolution of the revenue recognition standard. Five step process for revenue recognition. Financial statement presentation issues, disclosure requirements, and transition guidance. Recent developments.

Scope of the revenue recognition standards. The 5-step model. How are media and entertainment entities impacted.

Strengths. Weaknesses. Opportunities. Threats. Preparing a business case. Internal controls.

Form 8-K filing. Registrant's business and operations. Financial information. Securities and trading markets. Matters related to accountants and financial statements. Corporate governance and management. Asset backed securities. Financial statements and exhibits.

Objective of MD&A. Liquidity and capital resources. Results of operations. Critical accounting estimates. Interim reporting requirements. Comment letter analysis on MD&A. Non-GAAP financial measures. Why do regulators care about non-financial measures? Boilerplate concerns. Prominent presentation. SEC comment letters.

Cloud computing as it evolves. IAAS: infrastructure as a service. PAAS: platform as a service. SAAS: software as a service. Cloud deployment models. Types of SOC reports. The SOC framework for user auditors of user organizations. The degree of interaction. SOC 1 report.

Security risks. Specific tools. Protect sensitive data. Improve pc security. Improved organizational security.

Empower business owners, operators and employees. Prevent cybercrime. Secure mobile devices. Prevent mortgage fraud. Prevent social engineering. Prevent email hijacking. Create strong passwords.

The small to midsized business accounting landscape. QuickBooks Online and QuickBooks Desktop. Xero Accounting, Wave Accounting, and Accounting Suite. SMB Solutions from Sage Software. Microsoft Dynamics 365. Zoho Accounting apps. Other solutions, wrappers, and extenders.

Determining current tax position. Determining the deferred tax position. Identify any unrecognized tax positions. Considering any special issues. Preparing disclosure.

Determining engagement acceptance. Agreeing upon the procedures. Performing the procedures. Obtaining written agreement of appropriateness. Presenting findings. Obtaining representations. Preparing the report. Preparing documentation.

Succession planning. The succession planning process. Succession training. CEO succession planning. Succession planning metrics. Succession planning failures

65-day rule. Estate and trusts tax rates. Individual tax rates. Form 1041-T.

Social Security and Medicare. Still working as a senior. Retirement distributions. Tax planning. Other planning issues.

Estate tax return. Income tax brackets. Step up in basis. Sale of home. Retirement accounts. Filing an estate. Portability. Form 8971.

The Great Resignation. Basic financial planning. 2022 tax rates. Retirement accounts. NUA. NIIT. Social Security. Healthcare. Reverse mortgage.

Current property. Section 1031 exchange. Qualified opportunity zones. Charitable remainder trust

Life insurance death benefits. Life insurance policy living proceeds.