U.S. GAAP PD Training Courses & Seminars for CPA, CGA, CMA and CA Professionals

We offer 7 courses in this category.  The U.S. GAAP courses and seminars are critical for the CPA working for a company that reports in U.S. GAAP or the CPA in public practice.

CPA, CGA, CMA and CA professionals earn 8 hours of PD per day of training and receive a PD attestation.

Calgary CPA CA Continuing Profesiona Education

Course 2004: The New Global Revenue Recognition Standard in U.S. GAAP

  • The New Requirements in U.S. 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
U.S. GAAP IFRS Calgary CPE - Advantage Montreal Seminars Inc.

Course 2009: The New Global Lease Standard in U.S. GAAP

The new Lease standard was a joint IASB-FASB international convergence project. This standard changes U.S. 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
U.S. GAAP FASB Update - Advantage Montreal Seminars Inc.

Course 2036: U.S. GAAP FASB Update

  • FASB Finalized Accounting Standards Updates Effective in Current Year
  • FASB New Lease Standard
  • FASB Recent Developments on New Revenue Standard
  • FASB Financial Instruments Projects
  • PCC Private Company Developments
  • FASB New Variable Financial Interest Model
  • FASB Recent Developments on Consolidations & Business Combinations
  • FASB Impairment Testing Developments
  • FASB Fair Value Measurement Developments
Accounting and Auditing - advantage Montreal Seminars Inc.

Course 2037: Current Developments in Accounting and Auditing for Private Companies

  • FASB Updates Going Live in Current Year
  • Changes Coming to Business Combinations
  • Changes Coming to the Statement of Cash Flows
  • Recent Developments on the New Lease Standard
  • Private Company Council Recent Developments
  • SSARS Compilation and Review Update
  • Clarified Attestation Standards
  • New Auditing Standards Effective in Current Year for Private Companies
Compilation and Review - Advantage Montreal Seminars Inc.

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
Consolidated Financial Statements in U.S. GAAp and IFRS - Advantage Montreal Inc.

Course 2001: Consolidated Financial Statements in U.S. GAAP

The FASB and IASB completed the convergence project on Consolidated Financial Statements. Therefore, U.S. 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
Financial Statement for NPO - Advantage Montreal Seminars Inc

Course 2010: New Financial Statement Presentation for Non-Profits

This course is for CPAs involved with financial reporting or assurance services fot 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
Best Practices for canadian CPAs -Advantage Montreal Seminars Inc.

Course 2003: Fair Value For Accountants

Fair Value in recent years has been both the basis for many new accounting pronouncements in ASPE, IFRS and U.S. 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.

  • Fair value measurement
  • Typical Valuation Methodologies
  • Fair Value of Financial Assets
  • Fair Value Hierarchy
  • Using Net Asset Value As a Practical Expedient to Fair Value
  • Fair Value of Nonfinancial Assets
  • Fair Value of Liabilities
  • Financial Statement Presentation
SEC PCAOB Course - Advantage Montreal Seminars Inc.

Course 2021: SEC PCAOB Update

This course is for auditors involved in doing audits of public companies. Available as in- house training only. Topics include:

  • Overview - PCAOB Standards
  • Exercising Professional Skepticism
  • Auditing Accounting Estimates
  • SEC Disclosures for New Revenue & Leases Standards
  • Audit Documentation
  • PCAOB Inspections Overview
  • PCAOB Standard-Setting Update
  • Auditing Related Party Transactions
  • Substantive Analytical Procedures
  • Division of Enforcement and Investigations Update