JN CPE Courses
JN Productions CPE Courses - PO Box 293024 - Lewisville, TX 75029
Phone (800)479-5636 Fax (443)222-0698
This course is included in our Mega CPE Special
Delivery Method: Self-Study. Make your purchase through our secure shopping cart. Once your purchase is completed, you will receive an e-mail with course access instructions.
Format: Online. (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Update
CPE Credit: 24 (16 Hrs. Accounting, 8 Hrs. Auditing)
Field of Study: Accounting/Auditing
Price without printed book: $179.00
Price with printed book: $199.00 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 accounting, compilation and review, and auditing engagements including newly issued FASB and FASB statements, new statements issued by the Auditing Standards Board, changes in compilation and review, and more.
Learning Objectives:
After studying this course you should be able to:
· Define the two types of subsequent events
· Identify events that trigger the subsequent event rules
· Identify non-recognition events
· Understand those instruments to which the new ASU 2010-20 disclosure apply
· Identify the twelve disclosures required by ASU 2010-20
· Define financing receivable and other financial instruments
· Write a disclosure of the accounting policies for loans and trade receivables
· Understand how loans to participants should be classified and measured by defined contribution pension benefit plans
· Recall the impairment rules for four categories of assets including goodwill
· Review the changes to goodwill and tests for impairment of goodwill
· Review the types of assets which apply to impairments
· Learn the steps that are applied in testing and measuring an impairment of long-lived assets to be held and used
· Apply the rules of accounting for impairment of long-lived assets held for sale
· Review the disclosure and financial statement presentation of impaired assets and related losses
· Learn about the diversity in practice about the interpretation of the pro forma revenue and earnings disclosure requirements for business combinations.
· Understand the changes made by ASU 2010-29 with respect to the presentation of pro forma revenue and earnings in a business combination
· Apply the expanded supplemental pro forma disclosures required by ASU 2010-29
· Review the rules for uncertain tax positions found in FIN 48 (ASC 740)
· Identify the disclosures related to uncertain tax positions that ASU 2009-6 eliminates for non-public companies
· Understand how FIN 48 (ASC 740), related to uncertain tax positions, applies to pass-through entities
· Compare ways that entities previously accounted for tax positions
· Provide examples of various tax positions
· Apply the two-step approach to evaluating and recognizing a tax position
· Appropriately present an unrecognized tax benefit liability
· Compute the amount of interest expense recognized
· List ways in which companies recognize revenue prematurely
· Recognize the changes proposed to lease accounting
· Identify FASB’s codification
· Compare the arguments in favor of and against Big GAAP-Little GAAP and the Blue Ribbon Panel Report
· Compute the valuation allowance required for a deferred tax asset
· Understand the impact that the Obama Patient Protection and Affordable Care Act has on deferred tax assets
· Recognize the changes made by selected Accounting Standards Updates (ASUs) issued through 2011
· Understand the conclusions reached by recently issued Technical Practice Aids
Delivery Method: Self-
Format: Online. (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Update
CPE Credit: 24 (16 Hrs. Accounting, 8 Hrs. Auditing)
Field of Study: Accounting/Auditing
Price without printed book: $179.00
Price with printed book: $199.00 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 accounting, compilation and review, and auditing engagements including newly issued FASB and FASB statements, new statements issued by the Auditing Standards Board, changes in compilation and review, and more.
Learning Objectives:
After studying this course you should be able to:
· Define the two types of subsequent events
· Identify events that trigger the subsequent event rules
· Identify non-
· Write a disclosure of the accounting policies for loans and trade receivables
· Understand how loans to participants should be classified and measured by defined contribution pension benefit plans
· Recall the impairment rules for four categories of assets including goodwill
· Review the changes to goodwill and tests for impairment of goodwill
· Review the types of assets which apply to impairments
· Learn the steps that are applied in testing and measuring an impairment of long-
· Learn about the diversity in practice about the interpretation of the pro forma revenue and earnings disclosure requirements for business combinations.
· Understand the changes made by ASU 2010-
· Identify the disclosures related to uncertain tax positions that ASU 2009-
· Provide examples of various tax positions
· Apply the two-
· Compute the amount of interest expense recognized
· List ways in which companies recognize revenue prematurely
· Recognize the changes proposed to lease accounting
· Identify FASB’s codification
· Compare the arguments in favor of and against Big GAAP-
· Understand the impact that the Obama Patient Protection and Affordable Care Act has on deferred tax assets
· Recognize the changes made by selected Accounting Standards Updates (ASUs) issued through 2011
· Understand the conclusions reached by recently issued Technical Practice Aids
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 #F060b Including Printed Book
$199.00
No extra charge for online exam
Course Registration:
Course #F060 ONLINE
$179.00
Course #F060 ONLINE
$179.00
Course #F060 BOOK ONLY
$20.00
Order the book only:
-If you do not need CPE credit but are looking for excellent reference material.
-
-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).
