JN CPE Courses
JN Productions CPE Courses - PO Box 293024 - Lewisville, TX 75029
Phone (800)479-5636 Fax (443)222-0698
Delivery Method: Self-
Format: Online. (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Basic
CPE Credit: 16 Hrs. Accounting
Price without printed book: $129.00
Price with printed book: $149.00 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
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. Topics include a review of selected FASB Emerging Issues Task Force (EITF) Consensus Opinions, FASB Staff Positions (FSPs), recent accounting developments affecting reporting information regarding financial performance, the statement of cash flows, fair value reporting, pensions, leases, the international convergence project, and more.
Learning Objectives:
After studying this course you should be able to:
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Identify the significant GAAP changes coming in 2011 and 2012
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List and discuss the 12 recommended principles for the Comprehensive Business Reporting Model
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Identify the formula used to compute free cash flow
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Compute the four key ratios used to analyze working capital
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Compute days sales outstanding and ADD
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Understand how core earnings is computed
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List ways in which companies recognize revenue prematurely
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Discuss the changes occurring in restatements
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Realize the issues surrounding restatements and other financial reporting abuses
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Understand the depth of company pension problems and how companies’ pension plans are impacting their cash flow
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Compare the key differences between a rules-
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List the changes made or pending by both the FASB and IASB in the International Standards Convergence Project
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Distinguish between historical cost accounting and fair value accounting;
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Recognize the changes proposed to lease accounting
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Identify FASB’s codification
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Compare the arguments in favor of and against Big GAAP-
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Discuss the FASB’s plan to move going concern into GAAP
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Recognize the political pressures surrounding GAAP disclosures including those related to climate change
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Compute the valuation allowance required for a deferred tax asset
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Understand the impact that the Obama Patient Protection and Affordable Care Act has on deferred tax assets
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Discuss common criticisms that exist with use of the statement of cash flows
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Understand the various cash flow games that are played in presenting the statement of cash flows
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Recognize the changes made by Accounting Standards Updates (ASUs) issued in 2009 through 2011
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Understand the conclusions reached by recently issued Technical Practice Aids.
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About the Author:
STEVEN C. FUSTOLO, CPA
Mr. Fustolo is a partner with the Boston CPA firm of James J. Fox & Company and Director of the National Tax Institute, Inc. He is a frequent lecturer and author of numerous tax and accounting issues affecting closely held businesses. An AICPA author, Mr. Fustolo’s articles are regularly featured in The Practical Accountant and other publications. He is the author of Practice Issues: Compilation and Review, Accounting and Auditing Reference Guide, Everything You Never Wanted to Know About GAAP, Enron: Fraud, Deception and the Aftermath, FASB Review for Industry, and FASB, SSARS and SAS Update and Review and numerous other books and manuals. He is the recipient of several Outstanding Discussion Leader awards from many professional organizations including the New York and Florida Societies of CPAs. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0. Mr. Fustolo is the recipient of the Elijah Watts Sells Award (AICPA) and Silver Medal (Massachusetts) for scores received on the CPA Examination.
STEVEN C. FUSTOLO, CPA
Mr. Fustolo is a partner with the Boston CPA firm of James J. Fox & Company and Director of the National Tax Institute, Inc. He is a frequent lecturer and author of numerous tax and accounting issues affecting closely held businesses. An AICPA author, Mr. Fustolo’s articles are regularly featured in The Practical Accountant and other publications. He is the author of Practice Issues: Compilation and Review, Accounting and Auditing Reference Guide, Everything You Never Wanted to Know About GAAP, Enron: Fraud, Deception and the Aftermath, FASB Review for Industry, and FASB, SSARS and SAS Update and Review and numerous other books and manuals. He is the recipient of several Outstanding Discussion Leader awards from many professional organizations including the New York and Florida Societies of CPAs. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0. Mr. Fustolo is the recipient of the Elijah Watts Sells Award (AICPA) and Silver Medal (Massachusetts) for scores received on the CPA Examination.
Course #F010b Including Printed Book
$149
No extra charge for online exam
Course Registration:
Course #F010 ONLINE
$129
Course #F010 ONLINE
$129
Course #F010 BOOK ONLY
$20.00
Order the book only:
-If you do not need CPE credit but are looking for excellent reference material.
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-If you have already ordered the online course or the Mega CPE Special and now want to order the printed book. (No CPE credit is available if you have not ordered the complete course).
