CPA CPD US GAAP Courses & Seminars - US Accounting & Auditing
We offer 12 courses in this category. The US Accounting & Auditing courses and seminars are critical for the CPA in public practice and the CPA in industry.
CPA professionals earn 8 hours of CPD per day of training and receive a CPD attestation.
More CPA Firm Courses can be found here Conference Topics can be found here
Course 3019: Navigating Lease Complexities Post-Adoption
Now that industry CPAs and auditors have the year of adoption of the new Lease standard for private companies, nonprofits and public business entities, they need to deal with lease challenges post-adoption. This session provides real-life examples on lease modifications, lease reassessments, related party leases and right-of-use asset impairment. As well, we look at lessons learned and common pitfalls.
Topics covered:
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- Lessons learned and common pitfalls on adoption of the new lease standard
- Related party leases and leasehold improvements using recent FASB developments
- Lease modifications versus lease reassessments
Course 3020: CECL is Coming for Private Commercial Entities and Nonprofits
You might assume that the Current Expected Credit Losses (CECL) standard only impacts financial institutions. But CECL impacts private companies and nonprofits, and this course will help you navigate those changes.Examine important CECL principles, as well as first-time adoption and implementation tips. Learn how to manage a smooth transition based on lessons learned from those who have already adopted the standard. This course focuses on important considerations and implementation guidance for commercial companies whose greatest impact is expected to be in the areas of trade accounts receivable and investments in debt securities.
Topics covered:
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- The objectives of the CECL model
- Notable impacts on trade accounts receivable and debt securities
- Key presentation and disclosure requirements
- Key requirements of ASC 326
- Impacts of CECL on operating companies
- First-time adoption and transition guidance
- Implementation steps
Course 2012: 2024 US Accounting & Auditing Update - most popular with CPA firms
Designed for CPAs looking for an update on standards from the FASB, SSARS and the AICPA private company audit standards. CPAs in industry and public practice want to understand the changes going live in 2024 in accounting, compilation, review and auditing.
Objectives
• Apply the FASB updates effective this year for private and public companies• Discuss the recent developments on the new lease standard • Implement the latest changes to CECL (Current Expected Credit Losses)• Identify the auditing standards going live this year for private company audits• Highlight changes as a result of the new quality management standards • Present the top accounting and reporting issues for this year end
Topics covered:
• FASB updates going live this year• Lease standard recent developments• CECL changes• New Auditing Standards effective for private companies• New Quality Management standards• Top accounting and auditing issues for this year end
Course 2010: Applying the New Lease Standard
Topics covered:
- The New Lease Standard - Lessee Accounting
- Lessee Real-life Examples
- Financial Statement Impacts of New Lease Standard
- Lessor Accounting with Examples
- Hot Topics, Tips and Implementation
- Rent Concessions and Lease Modifications
- Lease Reassessment and Remeasurement
- Impairment for Lessees and Lessors
- Lessons Learned on First Time Adoption
- Best Practices
- Lease Implementation Case Study
Course 2004: The New Revenue Recognition Standard in US GAAP with Real-life Examples
- The New Requirements in US GAAP
- The New 5 Step Approach to Recognizing Revenue
- Contract Costs, Contract Modifications
- Licences
- Warranties
- Performance Obligations
- Time Value of Money
- Principal Versus Agent Considerations
- First Time Adoption, Allowable Transition Methods and Disclosure
- Effective Date
- Walk Through Cases in Various Industries to See How Revenue Will Be Measured in the New Standard (e.g. Construction, Software, Multiple Element Arrangements, Retail, Broker-Dealers, Real Estate)
- Recent FASB Revenue Updates Issued
- Implementation Plan
Course 2009: Get Ready for the New Leases Standard
The new Lease standard was a joint IASB-FASB international convergence project. This standard changes US GAAP to have a new converged lease standard.
- First Time Adoption Requirements
- Allocating Considerations to Lease and Non-lease Components
- Lease Term, Discount Rate
- Subleases, Lease Modifications
- Lessee & Lessor Financial Statement Impacts
- Lessee Accounting for Operating and Finance Leases
- Sale and Leaseback Accounting Transactions
- Lessor Accounting for Operating and Finance Leases
- Walk Through Cases on How Lessees & Lessors Will be Impacted
- Impairment of Right of Use Assets
- Effective Date, Transition Approach and Disclosures
- Recent FASB Lease Updates Issued
Course 2020: Risk Assessment for Auditors
- Properly assessing and responding to risks
- Understanding risks of material misstatement
- Linking audit procedures to risk assessment
- Identifying and responding to significant risks
- Identifying your small client’s controls
- Walk through a risk assessment case
- Best practices on working paper documentation
Course 2036: 2024 US GAAP FASB Update
The amount of change in the accounting profession is overwhelming, making it tough for the CPA in industry or public practice to keep up. This course will get you up to date with the latest information coming from the FASB.
CPAs must stay abreast of current developments. This seminar is frequently cited by CPAs as one of the best ways to gain a comprehensive understanding of the latest FASB Accounting Standards Updates in a summarized, user-friendly way. With the volume of FASB updates, this course is a must attend for CPAs to stay current in this space.
- FASB Updates - Effective for Fiscal Year Ends 2024 for Private and Public Companies
- Recent Projects from the Private Company Council
- Top Accounting & Reporting Issues this Year-end
- Recent Developments on the New Lease Standard
Course 2037: 2024 Accounting, SSARS and Auditing Update
- FASB Updates – Effective in 2024 for private and public companies
- Private Company Council Recent Developments
- Compilation and Review update
- Auditing Update
- Attestation Update
- Best Practices for Conducting Remote Audits
- Emerging Accounting & Auditing Issues this Year-End
Course 2038: Current Developments in Compilations and Reviews
- Preparation Engagements
- Compilation Engagements
- Review Engagements
- Accounting and Reporting Issues Facing Smaller Entities
- Current Practice Issues
- Common Deficiencies in Peer Reviews
- Current Future Standard-Setting Projects
- Special Purpose Framework Financial Statement Issues
- Analytical Review Procedures
- Comfort Letters
- Best Practices in Documentation
Course 2001: Consolidated Financial Statements in US GAAP
The FASB and IASB completed the convergence project on Consolidated Financial Statements. Therefore, US GAAP now uses a converged standard. Topics include:
- The New Consolidation Method Called the Acquisition Method Sale of a Subsidiary
- Accounting fo Non-Controlling Interests
- Goodwill Accounting
- Goodwill Impairment Testing by Reporting Unit
- Accounting for Contingent Considerations and in-Process R&D
- Accounting for Transaction Costs in a Business Combination
- Intangible Asset Accounting
- The Use of Fair Value in consolidations and intangibles
- Step Acquisitions
- Sales of a Subsidiary
- Numerous cases on all the above topics are solved throughout the day
Course 2010: New Financial Statement Presentation for Non-Profits
This course is for CPAs involved with financial reporting or assurance services for the non-profits. Available as in-house training only. Topics include:
- New Statement of Activities
- New Statement of Financial Position
- Net Asset Classification
- Liquidity and Availability Disclosures
- New Requirements for Investment Return
- New Requirements for Expense Reporting
- Changes Impacting the Statement of Cash Flows
- Underwater Endowment Funds
- Expiration of Capital Restrictions
- Effective Date and Transition
Course 2003: Fair Value in US GAAP
Fair Value in recent years has been both the basis for many new accounting pronouncements in US GAAP, as well as the focus of regulators. Commonly used as the measurement basis for a wide range of assets and liabilities, the difficulty in estimating fair value ranges from straight-forward to extremely complex and full of judgment.
- Key Principles to Fair Value Measurement
- A Closer Look at Fair Value
- Fair Value of Intangible Assets
- Impairment of Non-financial Assets
- Financial Asset Impairment
- Key Concepts in Business Acquisitions
- Valuation Techniques to Measure FV
- Fair Value Business Combination Case Study
- Evaluation of Goodwill Impairment Case Study
- Private Company GAAP Simplifications
- Fair Value Measurement in Employee Benefit Plans
- The Controversy over Fair Value
Course 2021: 2024 SEC PCAOB Update
This course is for auditors involved in doing audits of public companies. Available as in- house training only. Topics include:
- Top Accounting & Reporting Issues for Public Companies
- PCAOB Standards going live in 2024
- PCAOB Inspection Reports, Deficiencies and Top Trends
- SEC Update including cyber risk disclosures
- SEC Crypto Developments
- FASB new Crypto guidance
- Audit Committee Best Practices
- Short Cases and Polling Questions Throughout the Day
CPA CPD US GAAP Courses - Testimonials
Leah possesses a wealth of knowledge - depth and breadth. She has the intimate knowledge of US GAAP that one would associate with an academic and the ability to apply it that one would ascribe to a high-level practitioner.
Ned O., CPA
Leah - you have an outstanding presentation style that is engaging and informative - I have always enjoyed attending your sessions
Marianne C., CPA
It was such a privilege to be in your course yesterday. I learned so much yesterday from the beginning of the class until the end.
You are so very knowledgeable and engaging. I was so very impressed by the wealth of information you shared with us based on your expertise in this subject area. I can’t wait to sign up for more of your course offerings.
Jacqueline B., CPA
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More information on US GAAP - Accounting can be found here
More information on US Auditing can be found here
