U.S. GAAP PD Training Courses & Seminars for CPA Professionals

We offer 11 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 professionals earn 8 hours of PD per day of training and receive a CPD attestation.

Calgary CPA CA Continuing Profesiona Education

Course 2012: 2021 Accounting & Auditing Update - most popular with CPA firms

  • FASB ASU Updates
  • PCC Recent Developments
  • Recent Developments on the New Lease Standard 
  • COVID-19 Accounting & Reporting Issues
  • Top Audit Issues during the Pandemic
  • Financial Instruments & Credit Losses Updates
  • Compilation and Review Update
  • Auditing Standards Changes Impacting Private Companies and Employee Benefit Plans
  • Attestation Update
Calgary CPA CA Continuing Profesiona Education

Course 2004: The New Revenue Recognition Standard in U.S. GAAP with Real-life Examples

  • 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: Get Ready for the New Leases Standard

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
Course 2010: Applying the New Lease Standard - Advantage Montreal Seminars Inc.

Course 2010: Applying the New Lease Standard:  Practice Issues, Real-Life Cases and Implementation

Finally a course that applies the New Lease standard to specific cases covering a range of industries!

This is the year to implement the new Lease standard which is principles-based.

Private companies need to be ready to adopt by January 2022 the latest. This course is perfect for those who are getting ready for implementation.

  • 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
  • Embedded Leases
  • 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
Risk Assessment for Auditors - Advantage Montreal Seminars Inc.

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
U.S. GAAP Update - Advantage Mtl. Seminars Inc.

Course 2036: 2021 U.S. GAAP FASB Update

  • FASB Updates - Effective for Fiscal Year Ends in 2020 for Private and Public Companies
  • Recent Projects from the Private Company Council
  • COVID-19 Accounting & Reporting Issues
  • Recent Developments on the New Lease Standard
  • Recent Developments on the Revenue Standard
  • Financial Instruments & Credit Losses Updates
Accounting and Auditing - advantage Montreal Seminars Inc.

Course 2037: 2021 Accounting, SSARS and Auditing Update

  • FASB Updates - Effective for Fiscal Year Ends in 2020 for Private and Public Companies
  • Private Company Council Recent Developments
  • COVID-19 Accounting and Reporting Issues
  • SSARS Compilation and Review Update
  • COVID-19 Auditing Implications
  • Risk Assessment
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 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
FairValue2021shutterstock_125338145_6

Course 2003: Fair Value in U.S. GAAP

Fair Value in recent years has been both the basis for many new accounting pronouncements in 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.

  • 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
PCAOB Advantage Mtl 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:

  • COVID-19 Accounting & Reporting Issues
  • Doing a Remote Audit
  • PCAOB Auditing Accounting Estimates, Including FV Measurement
  • PCAOB Auditor's Use of the Work of Specialists
  • SEC Update Including Top 10 Comment Letters
  • Critical Audit Matters (discussion, effective dates)
  • PCAOB Update
  • AICPA Developments Including Internal Controls
  • Short Cases and Polling Questions Throughout the Day
PCAOB Advantage Mtl Seminars Inc.

Course 2022: Improving Audit Quality at CPA Firms

Topics include:

  • How to Audit Accounting Estimates 
  • Exercising Professional Skepticism 
  • Best practices on Risk Assessment  
  • Assessing Fraud Risk  
  • Best practices on Audit Documentation  
  • Independence Requirements
  • General IT Controls
  • A variety of cases and examples are presented