Loscalzo - NASBA Registry · Financial Planning Strategies for Life Wealth Cycles (FPWC) ... (PTEA)...

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Associates Loscalzo 2017 CPE CATALOG

Transcript of Loscalzo - NASBA Registry · Financial Planning Strategies for Life Wealth Cycles (FPWC) ... (PTEA)...

AssociatesLoscalzo

2017 CPE CATALOG

Loscalzo Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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DEAR CLIENTS,

It has been a whirlwind year here at Loscalzo! I usually take this opportunity to tell you all about the exciting new things we have to offer in our catalog. However, it seems more appropriate to take the opportunity to bring you up to speed on all the changes that have taken place in the first half of this year—because there were many!

As some of you are probably aware, in December 2015, the entire SmartPros organization (our parent company) was acquired by Kaplan, Inc., a leader in global education services. Joining an organization such as Kaplan has given us the much needed support and resources to position ourselves as a leader in professional training and development, above and beyond traditional CPE. We can now truly be a one-stop shop for all of our clients, with the added benefit of giving us a global reach.

Our first step in this process was to integrate Loscalzo into the Learning and Professional Development (LPD) product line at Kaplan. This product line focuses on developing people in both behavioral and technical competencies. Many people equate this to the “soft-skills” side of training, but it is so much more. We do not deal in “off the shelf” programs, and you will not find any of these programs in our catalog. Instead, each program is developed specifically to meet the needs of an organization (at any level), as each company is different. Programs have been developed that range from retaining junior talent to breaking down silos in global organizations. It is an exciting place for us to be, as our technical expertise and experience in the “live” side of training fits well!

Our next step was to venture beyond Accounting & Auditing CPE programs into the world of Tax CPE…something I have wanted to achieve since the beginning of my time at Loscalzo. As such, in June 2016, we acquired Nichols Patrick CPE, Inc., a leading provider in Tax CPE. We have had a long friendship with Nichols Patrick, and we both felt strongly that in order to compete in today’s world, we needed to find a way to work together. Thankfully, with the resources of Kaplan behind us, we were able to make that happen. I believe the quality that Nichols Patrick is known for fits very well with our commitment to provide exceptional quality to our clients. We are thrilled to be able to present their offerings in our 2017 catalog!

While all that was going on, we continued to look for ways to improve our offerings for 2017. Some of the changes you will see in this year’s catalog include increasing the “modularization” of our programs in the form of more 4- and 2-hour programs. We hope that increasing these types of modules will allow our clients to build a better program. And, as always, if you wish to “modularize” above and beyond what is listed herein, just ask. We do our best to work with clients to provide a great day of CPE!

We look forward to working with you all in 2017 as you get to know the new one-stop shop that is Loscalzo. If you have any questions regarding any of our new and improved services, please do not hesitate to reach out to us anytime.

Best regards and wishing you a wonderful CPE year!

Stacey Painter, CPADirectorLoscalzo Associates, Ltd.

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TABLE OF CONTENTS

LOSCALZO COURSES ............................................................................................................................ 9

Accounting and Auditing Programs ........................................................................................ 10-11

8-Hour Programs

2017 FASB and AICPA Update NEW! (FAU) ................................................................................ 12

Accounting for New Revenue Standard (ANR) ............................................................................... 13

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) ....................... 14

Compilation and Review Practice Guide (CRP) ............................................................................... 15

Deceptive Revenue Recognition and Other Accounting Techniques

– Recognizing the Warning Signs (DRR) ................................................................................... 16

Disclosure – The Key to Financial Statements (DKFS) ..................................................................... 17

FAQ – Accounting and Auditing (FAQAA) ..................................................................................... 18

Fraud for Industry (FRAUDI) .......................................................................................................... 19

Fraud for the CPA (FRAUDC) ......................................................................................................... 20

GAAP for Industry (GAAPI) ........................................................................................................... 21

GAAP for the CPA (GAAPC) .......................................................................................................... 22

Improve Your Accounting and Finance Teams’ Effectiveness (IAF) .................................................. 23

Reviewing Documentation Effectively (RDE) .................................................................................. 24

Risk-Based Audit Standards: Effective Utilization (RBA) .................................................................. 25

Special Purpose Frameworks (SPF) ................................................................................................. 26

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG) ................................................ 27

Understanding and Testing Internal Control (UTIC) ........................................................................ 28

4-Hour Programs

Accounting and Auditing Updates NEW! (AAU4) ...................................................................... 29

Accounting for New Revenue Standard (ANR4) ............................................................................. 30

Analytical Procedures Workshop (APW4) ...................................................................................... 31

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4) ..................... 32

Attestation Standards NEW! (AS4) ............................................................................................ 33

Compilation and Review Practice Guide (CRP4) ............................................................................. 34

Deceptive Accounting Practices (DAP4) ......................................................................................... 35

External Fraud (EF4) ...................................................................................................................... 36

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4-Hour Programs (continued)

Fair Value: Measurement (FV4) ..................................................................................................... 37

FAQ – Audit Issues (FAQAI4) ......................................................................................................... 38

FAQ – GAAP Financial Statements (FAQG4) .................................................................................. 39

Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) ................................. 40

Improve Your Accounting and Finance Teams’ Effectiveness (IAF4) ................................................ 41

Internal Fraud (IF4)........................................................................................................................ 42

Lease Accounting in Transition (LAT4) ........................................................................................... 43

Pitfalls and Problems in Financial Statement Disclosures (PPF4) ...................................................... 44

Planning Cost Efficient and Effective Audits (PCE4) ....................................................................... 45

Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) .......................................... 46

2-Hour Programs

Accounting for Income Taxes (AIT2) .............................................................................................. 47

Analytical Procedures for Reviews and Audits (APR2) .................................................................... 48

Analyzing Financial Statements – A Guide (AFS2) .......................................................................... 49

Dangers of Improper Revenue Recognition (DIR2) ......................................................................... 50

Derivative and Hedging (DH2) ....................................................................................................... 51

Efficiency and Effectiveness in Documentation Review (EED2) ....................................................... 52

FASB Updates NEW! (FASB2) ..................................................................................................... 53

Meeting Documentation Requirements in Your Workpapers (MDR2) ............................................. 54

Nonstatistical Sampling for Efficient Audits (NSE2) ........................................................................ 55

Peer Review Deficiencies – How to Solve Them? (PRD2) ................................................................ 56

Recent Compilation and Review Issues (CRP2) .............................................................................. 57

Related Party Transactions – A Recurring Issue (RPT2) .................................................................... 58

Statement of Cash Flows (SCF2) ................................................................................................... 59

Variable Interest Entities and Related Party Leases (VIE2) ............................................................... 60

Governmental and Not-For-Profit Programs .............................................................................. 61

8-Hour Programs

Compliance Auditing from Start to Finish (CAS) ............................................................................ 62

Compliance Auditing: Questions from the Field (CAQ) .................................................................. 63

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8-Hour Programs (continued)

Essentials of Nonprofit Auditing (ENA) .......................................................................................... 64

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) .................... 65

Governmental Update (GU) .......................................................................................................... 66

Nonprofit, Government and Compliance Update (NGCU) ............................................................. 67

Nonprofit Industry Update and GAAP Refresher (NIU) ................................................................... 68

4-Hour Programs

Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) ............................. 69

Employee Benefit Plans Programs ............................................................................................... 70

8-Hour Programs

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) ........ 71

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) ............................. 72

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP) ................................................. 73

Professional Ethics Programs ........................................................................................................ 74

4-Hour Programs

Professional Ethics for CPAs (ETHICS4) .......................................................................................... 75

Tax Practitioner Responsibilities and Ethics (TAXE4) ....................................................................... 76

Professional Development Program ............................................................................................ 77

8-Hour Programs

Business Communication (BC) ...................................................................................................... 78

NICHOLS PATRICK COURSES ........................................................................................................... 79

16-Hour Programs

Tax Staff Training (2-Day) – Advanced Issues (TSTA) ....................................................................... 80

Tax Staff Training (2-Day) – Business (TSTB) ................................................................................... 81

Tax Staff Training (2-Day) – Individual (TSTI) ................................................................................... 82

8-Hour Programs

Accounting Methods as a Tax Planning Service: Filing Form 3115 to Save Taxes (AMTP) ................ 83

Advanced Tax Practice (ATP) .......................................................................................................... 84

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8-Hour Programs (continued)

Advanced Tax Update for Experienced Practitioners (ATU) ............................................................. 85

Church and Minister Taxation (CMT) ............................................................................................. 86

Assisting Survivors: CPA’s Role in the Decedent’s Estate (ASDE) ...................................................... 87

Business & Industry Tax Update (BITU) ........................................................................................... 88

C Corporation: Advanced (CCA)… ............................................................................................... 89

Construction Contractors: Special Tax and Accounting Considerations (CCST) .............................. 90

Corporate Taxation: Subchapter C for C Corporation and S Corporation (CTSC) ........................... 91

CPA Succession Planning (CPAS) ................................................................................................... 92

Current Federal Tax Developments (CFTD) ..................................................................................... 93

Depreciation, Repairs, and Fixed Assets: Tax Considerations (DRFA) ............................................... 94

Estate and Gift Taxation: Planning and Compliance (EGTP) ............................................................ 95

Federal Tax Update for Industry (FTUI) ........................................................................................... 96

Financial, Estate, and Tax Planning for Individuals Over 55 (FET) .................................................... 97

Financial Planning Strategies for Life Wealth Cycles (FPWC) .......................................................... 98

Fringe Benefits 2017 (FB) .............................................................................................................. 99

HSAs, HRAs, and FSAs: Health Care Options After Affordable Care (HSA) ................................... 100

Income Taxation of Trusts and Estates: Planning and Preparation of Form 1041 (ITTE) ................. 101

Introduction to Partnership Taxation (IPT) .................................................................................... 102

Introduction to U.S. Taxation of International Transactions (IIT) .................................................... 103

Investment Taxation: The Medicare Tax and Beyond (ITMT) ......................................................... 104

IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP) .......... 105

Multi-State Taxation of Businesses (MSTB) ................................................................................... 106

Navigating Divorce: Tax & Litigation Issues (NDTL) ....................................................................... 107

Oil and Gas Accounting 101 (OG101) ......................................................................................... 108

Oil and Gas Taxation: Nuts & Bolts (OGNB) ................................................................................. 109

Partnership and LLC Taxation: Advanced Issues (PTAI) ................................................................. 110

Partnership / S Corporation Basis and Distribution Issues (PSBD) .................................................. 111

Pass Through Entities: Advanced Tax Issues (PTEA) ...................................................................... 112

Preparing Form 1041: Understanding the Basics (PF41) ............................................................... 113

Preparing Form 1065: Understanding the Basics (PF65) ............................................................... 114

Preparing Form 1120S: Understanding the Basics (PF0S) ............................................................. 115

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8-Hour Programs (continued)

Preparing Complex 1040s (PCR) ................................................................................................. 116

Real Estate Partnerships: Get In, Get Out, Get Taxed (REPG) ........................................................ 117

Red Flag Issues: Areas the IRS Attacks in Examination (RFI) .......................................................... 118

S Corporations: Advanced Issues (SCAI) ...................................................................................... 119

Social Security Benefits: Advising Clients (SSB) ............................................................................ 120

Streamlined Tax Staff Training – Business (STSB) .......................................................................... 121

Streamlined Tax Staff Training – Complex Return Issues (STCR) .................................................... 122

Streamlined Tax Staff Training – Individual (STSI) ......................................................................... 123

Streamlined Tax Staff Training – Tax Research and Quality Control Issues (STRQ) .......................... 124

Tax Aspects of Bankruptcy: All Need Not Be Lost (TAOB) ............................................................. 125

Tax Exempt Organizations: Advanced Planning and Compliance For Tax Matters (TEOA) ............. 126

Tax Exempt Organizations: Basic Operating Issues and Preparation of Form 990 (TEOB)............... 127

Tax Research: Sources, Methods, and Documentation (TRSM) ..................................................... 128

Tax Update for Financial Executives (TUFE) .................................................................................. 129

4-Hour Programs

Alternative Minimum Tax (AMT).................................................................................................. 130

STATE Accounting Ethics with Emphasis on Tax Practice Issues (_ST_)ET....................................... 131

Our People ............................................................................................................................................ 132

References ............................................................................................................................................ 165

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LOSCALZO COURSES

10 Accounting and Auditing Programs (8-Hour)

ACCOUNTING AND AUDITING PROGRAMS8-Hour Programs

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Compilation and Review Practice Guide (CRP)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure – The Key to Financial Statements (DKFS)

FAQ – Accounting and Auditing (FAQAA)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Improve Your Accounting and Finance Teams’ Effectiveness (IAF)

Reviewing Documentation Effectively (RDE)

Risk-Based Audit Standards: Effective Utilization (RBA)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

11 Accounting and Auditing Programs (4- and 2-Hour)

ACCOUNTING AND AUDITING PROGRAMS4-Hour Programs

Accounting and Auditing Updates NEW! (AAU4)

Accounting for New Revenue Standard (ANR4)

Analytical Procedures Workshop (APW4)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4)

Attestation Standards NEW! (AS4)

Compilation and Review Practice Guide (CRP4)

Deceptive Accounting Practices (DAP4)

External Fraud (EF4)

Fair Value: Measurement (FV4)

FAQ – Audit Issues (FAQAI4)

FAQ – GAAP Financial Statements (FAQG4)

Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4)

Improve Your Accounting and Finance Teams’ Effectiveness (IAF4)

Internal Fraud (IF4)

Lease Accounting in Transition (LAT4)

Pitfalls and Problems in Financial Statement Disclosures (PPF4)

Planning Cost Efficient and Effective Audits (PCE4)

Tax Basis and Other Special Purpose Frameworks Presentations (SPF4)

2-Hour Programs

Accounting for Income Taxes (AIT2)

Analytical Procedures for Reviews and Audits (APR2)

Analyzing Financial Statements – A Guide (AFS2)

Dangers of Improper Revenue Recognition (DIR2)

Derivative and Hedging (DH2)

Efficiency and Effectiveness in Documentation Review (EED2)

FASB Updates NEW! (FASB2)

Meeting Documentation Requirements in Your Workpapers (MDR2)

Nonstatistical Sampling for Efficient Audits (NSE2)

Peer Review Deficiencies – How to Solve Them? (PRD2)

Recent Compilation and Review Issues (CRP2)

Related Party Transactions – A Recurring Issue (RPT2)

Statement of Cash Flows (SCF2)

Variable Interest Entities and Related Party Leases (VIE2)

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2017 FASB and AICPA Update (FAU) NEW! 8-Hour Program

WHY ATTEND THIS COURSE?Loscalzo’s most sought-after course is a must to keep you on top of the continuing changes in the profession. Whether these changes are in technical standards or professional standards, the course authors will evaluate and emphasize those changes with broad application and offer detailed practical guidance and illustrations.

DESIGNED FOR...All firms, all staff, all CPAs; all accountants needing a good year-round update on recently issued standards.

OBJECTIVEParticipants will be able to apply the changes and discuss the issues surrounding recently issued accounting, auditing, preparation, compilation and review pronouncements, and relevant proposals.

MAJOR SUBJECTSThis program focuses on all things the accounting professional should be aware of including:

• Accounting standard updates • FASB/IASB convergence projects• Private company issues • Audit service issues • ARSC initiatives, preparation, compilation and review updates and initiatives, AICPA activities

Section on auditing standards qualifies for the 24-hour Yellow Book requirement. Section on specific accounting standards qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• 2017 FASB and AICPA Update NEW! (FAU)• Accounting and Auditing Updates NEW! (AAU4)• FASB Update NEW! (FASB2)

Accounting and Auditing Programs (8-Hour)

COURSE ACRONYM

FAU

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Update

PREREQUISITES Basic audit and

accounting course or experience

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 5 hours

Auditing: 3 hours

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Accounting for New Revenue Standard (ANR) 8-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?Revenue from Contracts with Customers will impact nearly every organization in some way or another. Regardless of the level of impact on any organization, CPAs and other accounting professionals will need to completely relearn the fundamentals of accounting for revenue.

Our in-depth program begins with an overview of current revenue recognition principles as, we believe, you can’t get where you want to go if you don’t know where you are starting from! We then move into the requirements of the new revenue recognition standard, including the 5-step process, application in special situations, disclosure requirements, and transition issues.

This class is ideal for audiences/participants who like to absorb information quietly. This program is delivered in our standard format: 8-hour lecture with examples and discussion throughout.

DESIGNED FOR...CPAs and other accounting professionals in industry and public practice.

OBJECTIVEParticipants will be able to:

• Apply the new 5-step revenue recognition framework• Make decisions regarding treatment to different scenarios

MAJOR SUBJECTS• Existing U.S. GAAP revenue recognition rules • New accounting standard including 5-step revenue model • Disclosure requirements• Transition guidance

This course is also available as a workshop. The workshop is ideal for audiences/participants who like to interact and get their hands into the detail. It is a combination of a lecture and a workshop, in which participants will be given situations to analyze and conclude on as part of a group. This type of format engages participants, provides for lively discussion points, and reinforces the overall understanding of the new standard.

NOTE: This course is available as an 8-hour and 4-hour program:• Accounting for New Revenue Standard (ANR)

(available as a standard format or a workshop)• Accounting for New Revenue Standard (ANR4)

COURSE ACRONYM

ANR

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic knowledge of

U.S. GAAP

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

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Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) 8-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?Re-examine traditional analysis techniques to recognize their strengths and limitations when performing financial statement analysis. Take analysis to a new level by incorporating cash flow based measurements. Utilize cases ranging from public companies to small privately-helds to assess profitability and management of resources.

DESIGNED FOR...CPAs and accountants in industry who analyze financial results to enhance evaluation of operations and develop business strategies.

OBJECTIVEParticipants will be able to:

• Apply both traditional and non-traditional financial statement analysis techniques for specific entities and objectives

• Use cash flow statements and cash-based ratios to find the real meaning behind accrual-based data

• Evaluate the quality of reported earnings• Incorporate use of industry data for benchmarking and best practices analysis

MAJOR SUBJECTS• Reading between the lines—what the numbers really mean • Impact on analysis of GAAP trends and information outside the financial statements• The importance of cash flows • Cash flow analysis techniques • Finding and using relevant industry data for large and small companies• Examples of reports generated by commercial software packages • Which ratios tell the real story?

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4)• Analyzing Financial Statements – A Guide (AFS2)

COURSE ACRONYM

AFS

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

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Compilation and Review Practice Guide (CRP) 8-Hour Program

WHY ATTEND THIS COURSE?Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21 in AR Sections 60, 70, 80, and 90. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS 21, while applying best practices for both efficiency and effectiveness.

DESIGNED FOR...Practitioners who perform compilation and review engagements for non-public entities.

OBJECTIVEParticipants will be able to:

• Identify the performance requirements in the SSARS standards based on SSARS 21• Effectively perform compilation and review engagements utilizing the guidance in AR Sections

60, 80, and 90 of SSARS 21• Effectively perform preparation engagements utilizing the guidance in AR Section 70 of SSARS 21• Efficiently document compilations and reviews following the documentation guidance in AR

Sections 80 and 90 in SSARS 21• Identify best practices when performing compilation and review engagements• Address special purpose frameworks when performing compilation and review engagements

MAJOR SUBJECTS• SSARS Clarity Project • Preparation of financial statements • AR Sections 60, 70, 80, and 90 • Compilation performance requirements • Review performance requirements • How to document and perform compilations and reviews• Special purpose frameworks financial statements—what they are and when they can be used • Legal liability concerns and issues • How to perform and document analytical procedures appropriately, including developing

expectations • Independence • Non-attest services • Common issues raised in peer reviews

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• Compilation and Review Practice Guide (CRP)• Compilation and Review Practice Guide (CRP4)• Recent Compilation and Review Issues (CRP2)

COURSE ACRONYM

CRP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity with

SSARS standards

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

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Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs* (DRR) 8-Hour Program

WHY ATTEND THIS COURSE?Don’t join the growing list of accounting professionals in trouble. We will discuss:

• The accounting “stories” behind over 40 famous financial statement frauds, such as Fannie Mae, McAfee, Parmalat, Tyco, Waste Management, and WorldCom

• Deceptive accounting practices• The warning signs of problems in areas such as revenue recognition, related parties, significant

estimates, capital items versus expenses, choices among accounting methods, and improper activity to evade taxes

DESIGNED FOR...Practitioners in industry and in public practice.

OBJECTIVEParticipants will be able to:

• Identify creative accounting practices used to deceive financial statement users• Identify those risk characteristics normally associated with fraudulent financial reporting• Emphasize improper revenue recognition practices and techniques to identify them

MAJOR SUBJECTS• Back to the basics—GAAP revisited • Live cases dealing with improper revenue recognition and other misleading practices • When is revenue “real” • Related parties and other off-balance sheet schemes • Reserves, accruals, writedowns, and asset impairments • Significant estimates • Capitalized assets and inventory • Fair value abuses

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24

hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour and 4-hour program:• Deceptive Revenue Recognition and Other Accounting Techniques –

Recognizing the Warning Signs (DRR)• Deceptive Accounting Practices (DAP4)• Dangers of Improper Revenue Recognition (DIR2)

COURSE ACRONYM

DRR

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

Basic familiarity with accounting standards

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

*Emphasizes current revenue recognition issues.

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Disclosure – The Key to Financial Statements (DKFS) 8-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?Keep your professional reputation stellar by making sure your financial statements are “up-to-speed.” This course will:

• Explain and illustrate disclosure requirements• Clear up misconceptions on practice problems • Correct disclosure deficiencies most frequently cited by peer reviewers

DESIGNED FOR...Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public financial statements. This program is a must for those practitioners who will undergo peer review.

OBJECTIVEParticipants will be able to prepare disclosures necessary for privately held companies.

MAJOR SUBJECTSThis program does not discuss SEC requirements.

• Special emphasis is given to common disclosure deficiencies noted in practice • Recent changes in subsequent events, going concern, loss contingencies, financial instruments,

and fair value • Risks and uncertainties and accounting policies • Liabilities—how debt violations impact classification • Uncertain tax positions • Accounting changes, error corrections, and other categories in the income statement • Cash flow statements

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour and 4-hour program:• Disclosure – The Key to Financial Statements (DKFS)• Pitfalls and Problems in Financial Statement Disclosures (PPF4)

COURSE ACRONYM

DKFS

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES Participants should

be familiar with current accounting

issues

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

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FAQ – Accounting and Auditing (FAQAA) 8-Hour Program (Highly-rated Q&A format)

WHY ATTEND THIS COURSE?This program hits the mark by reviewing real issues and questions asked prior to the session by accountants who are past attendees of our seminars. The manual includes approximately 70 “live” issues dealing with accounting and disclosures, preparation services, compilations, reviews, and audits. Get quick and practical solutions to issues that may confront you. Specific emphasis on issues associated with variable interest entities.

DESIGNED FOR...Practitioners in public practice who need to keep on top of changing needs and current issues in the profession.

OBJECTIVEParticipants will be able to:

• Recognize issues impacting their clients• Resolve emerging practice problems• Address problems before they arise

MAJOR SUBJECTS• Accounting and disclosure issues—cash and cash equivalents, capitalized costs, investments

in closely-held entities, related and affiliated entities, variable interest entities, nonmonetary transactions, debt and equity transactions, and revenue recognition

• Preparation, compilation, and review issues—documentation, interim reporting, special presentations and reports, special purpose framework

• Auditing and reporting issues—inadequate accounting records, investments in closely-helds, inventory, receivables and payables, sampling issues, and AU 265

Section on auditing and reporting qualifies for the 24-hour Yellow Book requirement. Section on accounting and disclosure qualifies for the 24-hour requirement if auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm.

The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour and 4-hour program:• FAQ – Accounting and Auditing (FAQAA)• FAQ – GAAP Financial Statements (FAQG4)

COURSE ACRONYM

FAQAA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic audit and

accounting course or experience

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 5 hours

Auditing: 3 hours

Accounting and Auditing Programs (8-Hour)

19

Fraud for Industry (FRAUDI) 8-Hour Program

WHY ATTEND THIS COURSE?Years after some of the biggest scandals of all time (e.g., Enron, Waste Management, WorldCom), fraud continues to pose a significant threat to organizations of ALL sizes. From stealing petty cash to pulling off elaborate embezzlement and accounting schemes, companies need to enhance their defenses against this never-ending threat.This program focuses on the basics of how fraud is perpetrated and prevented and is a “must have” for CPAs in business.

DESIGNED FOR...Professionals in business, from line managers to the Board of Directors.

OBJECTIVEParticipants will be able to:

• Identify the “fraud problem”• Identify red flags• Know how to report fraud• Build an anti-fraud control environment

MAJOR SUBJECTS• External fraud• Who commits fraud and why • Important red flags • Detection and investigation techniques • Basic and specific internal controls, as well as action steps if you find fraud in your

organization

NOTE: This course is available as an 8-hour and 4-hour program:• Fraud for the CPA (FRAUDC)• Fraud for Industry (FRAUDI)• External Fraud (EF4)• Internal Fraud (IF4)

COURSE ACRONYM

FRAUDI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

20

Fraud for the CPA (FRAUDC) 8-Hour Program

WHY ATTEND THIS COURSE?The threat of fraud continues to plague CPAs. Although the detection of fraud is not the CPA’s responsibility, consideration of fraud and its effect on the audit definitely is.

This course provides a full understanding of the deeper workings of how and why fraud is committed. Familiarity with the dynamics of organizational fraud can only enhance client service in the long run.

DESIGNED FOR...CPAs responsible for the audit of financial statements.

OBJECTIVEParticipants will be able to:

• Identify the “fraud problem”• Identify red flags at clients• Identify the audit requirements around fraud• Know how to report fraud

MAJOR SUBJECTS• External and internal fraud• Possible red flags at clients• Examples of fraud audit techniques at work• Gathering and preserving evidence • Documenting findings and communicating anti-fraud policies throughout the enterprise

NOTE: This course is available as an 8-hour and 4-hour program:• Fraud for the CPA (FRAUDC)• Fraud for Industry (FRAUDI)• External Fraud (EF4)• Internal Fraud (IF4)

COURSE ACRONYM

FRAUDC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity

with institutional/occupational fraud

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

21

GAAP for Industry (GAAPI) 8-Hour Program

WHY ATTEND THIS COURSE?The requirements of U.S. GAAP are often complex and overwhelming for professionals who prepare financial statements. The complexities and constant changes to existing standards require diligence and focus. History shows that certain areas continue to pose challenges for many preparers. This program is specifically geared toward professionals in the accounting industry. We cover some of the more challenging areas in U.S. GAAP, including business combinations, goodwill and impairments, joint ventures, derivatives and hedging, as well as upcoming changes to revenue recognition, which will be a challenge to all! The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar.

DESIGNED FOR...Accountants preparing financial statements. This course provides answers to some of the more complicated accounting issues preparers of industry financial statements face every day.

OBJECTIVEParticipants will be able to:

• Explain the accounting for specific GAAP requirements • Apply troublesome pronouncements

MAJOR SUBJECTS• Business combinations• Common derivative arrangements and hedging • Goodwill and impairment losses • Debt modifications and troubled debt restructuring• Joint ventures and collaborative arrangements• Stock-based compensation• New revenue recognition standard and updates to the FASB lease accounting project

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for Industry (GAAPI)• Fair Value: Measurement (FV4)• Derivative and Hedging (DH2)• Variable Interest Entities and Related Party Leases (VIE2)

COURSE ACRONYM

GAAPI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

22

GAAP for the CPA (GAAPC) 8-Hour Program

WHY ATTEND THIS COURSE?The complexity of U.S. GAAP continues to present challenges for the CPA. Constant changes to existing standards present major challenges and often result in more confusion than clarity. This program is specifically tailored to the CPA and covers the ins and outs of troublesome areas in existing U.S. GAAP, including income taxes, other comprehensive income, cash flows, fair value, impairments, and other common issues encountered by CPAs, with emphasis on U.S. GAAP alternatives promulgated by the Private Company Council. The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar.

DESIGNED FOR...CPAs preparing financial statements. This course provides answers to some of the more complicated accounting issues facing the CPA.

OBJECTIVEParticipants will be able to:

• Explain the accounting for specific GAAP requirements• Apply troublesome pronouncements

MAJOR SUBJECTS• Income taxes• Other comprehensive income• Cash flows• Fair value accounting• Impairments• Variable interest entities• Interest rate swaps• Guarantees• Concentrations• U.S. GAAP alternatives for privately held companies• New revenue recognition guidance and lease accounting

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for the CPA (GAAPC)• Accounting for Income Taxes (AIT2)• Statement of Cash Flows (SCF2)

COURSE ACRONYM

GAAPC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

23

Improve Your Accounting and Finance Teams’ Effectiveness (IAF) 8-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?This course is designed to help financial leaders of all sized entities improve their finance and accounting teams’ effectiveness and efficiency. It provides detailed practical guidance and illustrations, as well as synopses for specialized issues.

DESIGNED FOR...Chief Financial Officers, Treasurers, and Controllers. This course can also be used as a refresher, by giving a broad overview of the critical pieces in leading and managing an organization’s accounting and finance functions.

OBJECTIVEParticipants will be able to apply the knowledge they obtain in this program to their day-to-day operations of the financial close, cash management, forecasting, and operational dashboards, as well as the longer-term tasks of bank relationships, risk management, financial planning, budgeting, inventory control and costing, and accounts receivable management.

MAJOR SUBJECTSThe program focus is across companies’ financial support functions, with stronger emphasis on those items which drive an organization’s cash management, financial planning and analysis, decision support, and managerial accounting needs. It provides practical process examples for dealing with the variety of items that come up in finance and accounting departments. This program also provides advice and examples for adding value through capital management and enabling growth.

NOTE: This course is available as an 8-hour and 4-hour program:• Improve Your Accounting and Finance Teams’ Effectiveness (IAF)• Improve Your Accounting and Finance Teams’ Effectiveness (IAF4)

COURSE ACRONYM

IAF

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Accounting experience

ADVANCE PREPARATION

Practical work experience in the accounting and

finance functions

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

24

Reviewing Documentation Effectively (RDE) 8-Hour Program (Includes Practice Aid)

WHY ATTEND THIS COURSE?This course will cut down review time by helping participants:

• Understand the documentation issues caused by SSARS and the Risk Assessment Audit Standards

• Learn tips on how to quickly catch problems and motivate staff to correct them• Motivate staff to correct documentation “deficiencies”

Through a series of interactive cases, participants will get practice with reviewing engagement files.

DESIGNED FOR...The in-charge accountant responsible for supervising the engagement.

OBJECTIVEParticipants will be able to:

• Perform an effective review of documentation• Document the review process• Communicate deficiencies to staff• Differentiate between review responsibilities of an in-charge, supervisor, and partner

MAJOR SUBJECTS• Program illustrates how effective review of documentation can prevent peer review problems • Documentation requirements under the risk assessment SASs and SSARS requirements • Common documentation problems • Approaches to workpaper review • Effective communication techniques that boost morale, not deflate it• Documentation of the review process • Case studies dealing with “live” documentation problems for both reviews and audits

COURSE ACRONYM

RDE

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

25

Risk-Based Audit Standards: Effective Utilization (RBA) 8-Hour Program

WHY ATTEND THIS COURSE?This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures, describe audit testing strategies including sampling and internal control testing, and illustrate documentation examples that comply with the risk assessment standards.

DESIGNED FOR...Audit practitioners having responsibility for planning and supervising audits, as well as other members of audit engagement teams involved with audits of non-public entities.

OBJECTIVEParticipants will be able to:

• Apply the risk-based audit standards• Apply risk assessment audit procedures• Develop effective and efficient audit strategies for private entity audits• Select effective and efficient audit testing strategies• Determine when it might be more efficient to perform internal control testing

MAJOR SUBJECTS• Risk assessment process and procedures • Audit planning and strategy • Testing strategies • Internal control testing • Risk assessment audit standards • Sampling applications • Sufficiency of evidence • Documentation and best practices• Linked and tailored audit procedures • Changes to guidance due to the issuance of the clarity standards

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

RBA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic/Intermediate

PREREQUISITES Basic auditing

course or equivalent experience

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

26

Special Purpose Frameworks (SPF) 8-Hour Program

WHY ATTEND THIS COURSE?Find some “relief” from GAAP standards that are costly to implement and incomprehensible to financial statement users. Practitioners often use alternative frameworks, referred to as special purpose frameworks (SPFs) (formerly OCBOA). This program will:

• Explore alternatives that permit professional presentations that don’t cut corners, but are still cost efficient

• Illustrate exactly what is necessary when preparing tax, cash, or modified cash basis financial statements

• Provide hard-to-find report, presentation, and disclosure examples • Address the SSARS 21 provisions as they relate to special purpose frameworks

DESIGNED FOR...Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public, financial statements where special purpose frameworks or special purpose presentations can be beneficial.

OBJECTIVEParticipants will be able to:

• Address the issues unique to special purpose frameworks presentations • Determine when special purpose frameworks or special presentations are appropriate • Distinguish between circumstances when special purpose frameworks or GAAP departures are

the most appropriate • Distinguish the pros and cons of each framework • Prepare special purpose presentations

MAJOR SUBJECTS• When is a presentation a special purpose frameworks or a GAAP departure • The AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) • Common book versus tax differences • Tax basis financials—what to do with non-taxable and non-deductible items • Disclosure rules for SPFs • Statement of cash flows in SPFs • Using special purpose presentations • Contractual and regulatory frameworks • Using GAAP departures • Common special purpose frameworks deficiencies

NOTE: This course is available as an 8-hour and 4-hour program:• Special Purpose Frameworks (SPF)• Tax Basis and Other Special Purpose Frameworks Presentations (SPF4)

COURSE ACRONYM

SPF

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

27

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG) 8-Hour Program

WHY ATTEND THIS COURSE?Participants can meet their A&A CPE requirement with topics that relate to their responsibilities. This program will:

• Explain why a tax return and a tax basis financial statement are not the same• Illustrate what GAAP versus tax differences need to be disclosed• Address frequently encountered reporting and performance issues by tax practitioners• Identify differences in disclosures for tax basis financial statements

DESIGNED FOR...Tax practitioners who are associated with compiled or reviewed GAAP and/or tax basis financial statements.

OBJECTIVEParticipants will be able to:

• Identify differences between GAAP requirements and the tax return• Recognize problems in performance and documenting of preparations, compilations, and

reviews• Apply accounting standard and appropriate disclosure

MAJOR SUBJECTS• Highlights new and troublesome issues for those tax practitioners issuing compilation and

review reports • Examination of book versus tax differences • Changes needed to the body of the statements when tax basis financials are presented • Tax basis financials—what disclosures are really necessary • Problems and issues in compilations and reviews, including an update of SSARS 21 • Overview of recent relevant accounting standards updates • Standards for tax and consulting services

COURSE ACRONYM

TPG

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 5 hours

Auditing: 3 hours

Accounting and Auditing Programs (8-Hour)

28

Understanding and Testing Internal Control (UTIC) 8-Hour Program (Great industry course) (Available as workshop)

WHY ATTEND THIS COURSE?Internal controls over financial reporting are used to prevent, detect, and correct misstatement. They also help to reduce the chance that fraud will occur. The auditor is required to obtain an understanding of an entity’s controls as part of the risk assessment process. This workshop will provide participants with an opportunity to explore the design of controls over the significant systems typically found in a small- to mid-size client. Participants working in industry will find this course useful in challenging the level of internal controls currently implemented in their organizations. Participants will also learn to efficiently document their understanding of the controls and determine where it is either necessary or efficient to test them. This course focuses on the updated 2013 COSO Framework.

DESIGNED FOR...• Audit practitioners working on audits of non-public companies • Accountants in industry who want to improve their entity’s internal controls

OBJECTIVEParticipants will be able to:

• Apply the five COSO elements of internal control • Differentiate between understanding and testing internal controls• Document the understanding of internal controls at the appropriate level• Test and document the results of tests of internal controls• Issue an AU 265 report

MAJOR SUBJECTS• 2013 COSO Framework • Understanding the design of controls at the entity level and at the activity

(financial statement assertion) level with an emphasis on manual control activities • Determining whether controls have been implemented • Effective and efficient tests of controls • Multi-purpose tests • Documentation techniques • Use of service auditor reports (AU 402) • AU 265 reporting requirements

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled back to back with Essentials of Nonprofit Auditing (ENA).

COURSE ACRONYM

UTIC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic audit course or

experience

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Accounting and Auditing Programs (8-Hour)

29

Accounting and Auditing Updates (AAU4) NEW! 4-Hour Program

WHY ATTEND THIS COURSE?This program is a must to keep accountants on top of the changes they need to know to be effective. The course authors evaluate and emphasize those changes with broad application and develop detailed practical guidance and illustrations.

DESIGNED FOR...All firms, all staff, all CPAs—all accountants needing a good year-round update on recently-issued standards.

OBJECTIVEParticipants will be able to apply the provisions of recently-issued accounting, auditing, compilation, and review pronouncements.

MAJOR SUBJECTS• Relevant accounting standards updates to the FASB codification • Audit services issues• Compilation and review issues

Section on auditing standards qualifies for the 24-hour Yellow Book requirement. Section on accounting standards qualifies for 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• 2017 FASB and AICPA Update NEW! (FAU)• Accounting and Auditing Updates NEW! (AAU4)• FASB Update NEW! (FASB2)

COURSE ACRONYM

AAU4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 2 hours

Auditing: 2 hours

Accounting and Auditing Programs (4-Hour)

30

Accounting for New Revenue Standard (ANR4) 4-Hour Program

WHY ATTEND THIS COURSE?The Revenue from Contracts with Customers will impact nearly every organization in some way or another. Regardless of the level of impact on any organization, CPAs and other accounting professionals will need to completely relearn the fundamentals of accounting for revenue.

This program covers the requirements of the new revenue recognition standard, including the 5-step process, application in special situations, disclosure requirements, and transition issues.

DESIGNED FOR...CPAs and other accounting professionals in industry and in public practice.

OBJECTIVEParticipants will be able to:

• Apply the 5-step revenue recognition process to common situations• Make decisions regarding the proper treatment of recognition under the new standard

MAJOR SUBJECTS• New accounting standard, including 5-step revenue model • Disclosure requirements • Transition guidance

NOTE: This course is available as an 8-hour and 4-hour program:• Accounting for New Revenue Standard (ANR)

– available as a standard format or a workshop• Accounting for New Revenue Standard (ANR4)

COURSE ACRONYM

ANR4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic knowledge of

U.S. GAAP

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

31

Analytical Procedures Workshop (APW4) 4-Hour Program

WHY ATTEND THIS COURSE?This course will provide participants with hands-on techniques on how to perform analytical procedures (APs) in an audit engagement.

DESIGNED FOR...Accountants in public practice.

OBJECTIVEParticipants will learn how to develop expectations, perform, and document analytical procedures.

MAJOR SUBJECTS• Types of analytical procedures and which work best: period to period comparisons; scanning

the general ledger; analysis of relationships among accounts; comparison to industry standards; comparison of financial to non-financial data; comparison to anticipated results; ratios

• Developing expectations • Factors to be considered in using APs as a substantive test • Disaggregated and nonfinancial analytical procedures • Evaluation of differences • Documentation issues

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

APW4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

32

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4) 4-Hour Program

WHY ATTEND THIS COURSE?Re-examine traditional analysis techniques to recognize their strengths and limitations when performing financial statement analysis. Take analysis to a new level by incorporating cash flow-based measurements. Utilize cases ranging from public companies to small privately-helds to assess profitability and management of resources.

DESIGNED FOR...CPAs and accountants in industry who analyze financial results to enhance evaluation of operations and develop business strategies.

OBJECTIVEParticipants will be able to:

• Apply traditional financial statement analysis techniques for specific entities and objectives• Use cash flow statements and cash-based ratios to find the real meaning behind accrual-based

data• Evaluate the quality of reported earnings• Incorporate use of industry data for benchmarking and best practices analysis

MAJOR SUBJECTS• Reading between the lines—what the numbers really mean • Impact on analysis of GAAP trends and information outside the financial statements • The importance of cash flows • Cash flow analysis techniques • Finding and using relevant industry data for large and small companies • Case studies

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4)• Analyzing Financial Statements – A Guide (AFS2)

COURSE ACRONYM

AFS4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

33

Attestation Standards (AS4) NEW! 4-Hour Program

WHY ATTEND THIS COURSE?This program is designed for CPAs in public practice who perform attest services of non-financial information, including comfort letters. The program focuses on SSAE 18, the new clarified and re-codified standard that replaces most of the existing standard and is effective for reports written after May 1, 2017.

DESIGNED FOR...All practitioners in public accounting and those who use their services.

OBJECTIVEParticipants will be able to:

• Understand the new standard• Be able to issue reports on perspective financial information, pro forma financial information,

compliance and controls at a service organization• Understand the application of examination, review, and agreed-upon procedures engagements• Understand the new rules regarding representation letters

MAJOR SUBJECTS• Major changes in SSAE 18 • Agreed-upon procedures • Examinations and reviews • Application of other explanatory material

COURSE ACRONYM

AS4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

34

Compilation and Review Practice Guide (CRP4) 4-Hour Program

WHY ATTEND THIS COURSE?A scaled-down version of our popular 8-hour Compilation and Review Practice Guide. Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21 in AR Sections 60, 70, 80 and 90. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS 21, while applying best practices for both efficiency and effectiveness.

DESIGNED FOR...Practitioners who perform compilation and review engagements for non-public entities.

OBJECTIVEParticipants will be able to:

• Identify the performance requirements in the SSARS standards based on SSARS 21• Effectively perform compilation and review engagements utilizing the guidance in AR Sections

60, 80, and 90 of SSARS 21• Effectively perform preparation engagements utilizing the guidance in AR Section 70 of SSARS 21• Efficiently document compilations and reviews following the documentation guidance in AR

Sections 80 and 90• Identify best practices when performing compilation and review engagements• Address special purpose frameworks when performing compilation and review engagements

MAJOR SUBJECTS• SSARS Clarity Project • Preparation of financial statements • AR Sections 60, 70, 80, and 90 • Compilation performance requirements • Review performance requirements • How to document and perform compilations and reviews • Special purpose frameworks financial statements—what they are and when they can be used • Legal liability concerns and issues • How to perform and document analytical procedures appropriately, including developing

expectations • Independence • Non-attest services • Common issues raised in peer reviews

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• Compilation and Review Practice Guide (CRP)• Compilation and Review Practice Guide (CRP4)• Recent Compilation and Review Issues (CRP2)

COURSE ACRONYM

CRP4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity with

SSARS standards

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

35

Deceptive Accounting Practices (DAP4) 4-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?This program will discuss:

• The accounting “stories” behind numerous famous financial statement frauds and failed audits, such as McAfee, Parmalat, and WorldCom

• Deceptive accounting practices, specifically revenue recognition• A forensic approach to recognize the warning signs in areas such as revenue recognition,

significant estimates, and choices among accounting methods

DESIGNED FOR...Practitioners in industry and in public practice.

OBJECTIVEParticipants will be able to:

• Identify creative accounting practices used to deceive financial statement users• Identify those risk characteristics normally associated with fraudulent financial reporting• Emphasize improper revenue recognition practices and techniques to identify them

MAJOR SUBJECTS• Back to the basics—live cases dealing with improper revenue recognition and other

misleading practices• When is revenue “real”• Reserves, accruals, writedowns, and asset impairments• Significant estimates• Fair value abuses

NOTE: This course is available as an 8-hour and 4-hour program:• Deceptive Revenue Recognition and Other Accounting Techniques

– Recognizing the Warning Signs (DRR)• Deceptive Accounting Practices (DAP4)• Dangers of Improper Revenue Recognition (DIR2)

COURSE ACRONYM

DAP4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

36

External Fraud (EF4) 4-Hour Program

WHY ATTEND THIS COURSE?Years after some of the biggest scandals of all time (e.g., Enron, Waste Management, WorldCom), fraud continues to pose a significant threat to organizations of ALL sizes. From stealing petty cash to pulling off elaborate embezzlement and accounting schemes, companies need to enhance their defenses against this never-ending threat.

This program focuses on the basics of how fraud is perpetrated by external perpetrators.

DESIGNED FOR...Professionals in business, from line managers to the Board of Directors and auditors.

OBJECTIVEParticipants will be able to:

• Identify the “fraud problem”• Identify red flags

MAJOR SUBJECTS• External fraud • Who commits fraud and why • Important red flags • Preventing external fraud

NOTE: This course is available as an 8-hour and 4-hour program:• Fraud for the CPA (FRAUDC)• Fraud for Industry (FRAUDI) • External Fraud (EF4)• Internal Fraud (IF4)

COURSE ACRONYM

EF4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

37

Fair Value: Measurement (FV4) 4-Hour Program

WHY ATTEND THIS COURSE?The requirements of U.S. GAAP can be overwhelming for professionals responsible for the preparation of financial statements. ASC 820, Fair Value, provides guidance on fair value measurements. This program presents the latest guidance on implementation of the standard, including examples.

DESIGNED FOR...CPAs preparing financial statements with fair value adjustments. This course provides answers to some of the more complicated accounting issues related to the topic.

OBJECTIVEParticipants will be able to:

• Implement fair value rules in reporting assets and how they impact financial statements• Properly disclose fair value• Apply fair value impairment rules• Apply fair value rules in business combinations

MAJOR SUBJECTS• Fair value measurements• Summary of fair value disclosure requirements• The fair value option• Testing goodwill for impairments• Testing indefinite-lived intangible assets other than goodwill for impairment• Testing other assets for impairment• Business combinations fair value issues• Illustrative examples and questions for discussion

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for Industry (GAAPI)• Fair Value: Measurement (FV4)• Derivative and Hedging (DH2)• Variable Interest Entities and Related Party Leases (VIE2)

COURSE ACRONYM

FV4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

38

FAQ – Audit Issues (FAQAI4) 4-Hour Program

WHY ATTEND THIS COURSE?Using the popular “Frequently Asked Questions” format, this session will take a deeper dive into issues where auditors continue to have questions. It will deal with risk assessment implementation issues, efficiency issues for smaller clients, sampling, and more.

DESIGNED FOR...All practitioners in public practice.

OBJECTIVEParticipants will be able to efficiently apply auditing literature to a variety of troublesome issues.

MAJOR SUBJECTS• Audit risk • Documenting consideration of presumed risks of fraud • Inherent risk and its role in combined risk • Monitoring • Key controls • Process versus controls • When testing controls makes sense and when it doesn’t • Difference between the assessment of risk and the identification of significant risks • Linkage • Report on internal control (significant deficiencies and material weaknesses) • Communications with those charged with governance (in planning and at the end of the audit) • Using a service organization auditor’s report (SSAE 16)

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

FAQAI4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

39

FAQ – GAAP Financial Statements (FAQG4) 4-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?This program uses a question and answer format to discuss real practice questions that have been raised by Loscalzo clients.

DESIGNED FOR...Those in public practice and industry.

OBJECTIVEParticipants will be able to:

• Recognize frequently encountered issues with GAAP financial reporting• Learn proper GAAP application

MAJOR SUBJECTS• Cash and cash equivalents • Purchase/supply commitments • Capitalized costs • Fair value • Investments in closely-held entities • Consolidation issues • Debt costs • Asset retirement obligations • Equity transactions • Current revenue recognition

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour and 4-hour program:• FAQ – Accounting and Auditing (FAQAA)• FAQ – GAAP Financial Statements (FAQG4)

COURSE ACRONYM

FAQG4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

40

Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) 4-Hour Program

WHY ATTEND THIS COURSE?This 4-hour program is designed to update participants on this AICPA initiative to create an alternative to U.S. GAAP for private reporting entities. This initiative represents a standalone, self-contained special purpose framework (SPF) intended for use by privately-held entities in preparing their financial statements. We will discuss the components of the framework, how it differs from existing U.S. GAAP and income tax basis, choices that are available within the framework, as well as illustrate financial statement formats based on the framework.

DESIGNED FOR...CPAs in public practice and industry who prepare or report on private company financial statements.

OBJECTIVEParticipants will be able to develop a comprehensive understanding and awareness of the AICPA’s private company financial reporting initiative.

MAJOR SUBJECTSAccounting and disclosure issues associated with private entities.

COURSE ACRONYM

FRF4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

41

Improve Your Accounting and Finance Teams’ Effectiveness (IAF4) 4-Hour Program

WHY ATTEND THIS COURSE?This course is designed to help financial leaders of all sized entities improve their finance and accounting teams’ effectiveness and efficiency. It discusses the role of financial leaders, planning, and analysis and decision support. The focus is partnering with the Chief Executive Officer.

DESIGNED FOR...Chief Financial Officers, Treasurers, and Controllers. This course can also be used as a refresher, by giving participants an overview of the critical pieces of planning and decision-making. Analytical systems are also discussed.

OBJECTIVEParticipants will be able to apply the knowledge they obtain in this program to their day-to-day operations of the financial close, cash management, forecasting, and operational dashboards. The course also discusses the longer-term tasks of financial planning, budgeting, forecasting, costing, margin reporting, and accounting for income taxes.

MAJOR SUBJECTS• Strategic planning• Budgeting• Forecasting• Dashboards• Champion better analytical decision making• Analytical systems and processes• Financial operational data analysis• Cash flow reporting• Product/service costing and margin reporting

NOTE: This course is available as an 8-hour and 4-hour program:• Improve Your Accounting and Finance Teams’ Effectiveness (IAF)• Improve Your Accounting and Finance Teams’ Effectiveness (IAF4)

COURSE ACRONYM

IAF4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Accounting experience

ADVANCE PREPARATION

Practical work experience in the accounting and

finance functions

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

42

Internal Fraud (IF4) 4-Hour Program

WHY ATTEND THIS COURSE?Years after some of the biggest scandals of all time (e.g., Enron, Waste Management, WorldCom), fraud continues to pose a significant threat to organizations of ALL sizes. From stealing petty cash to pulling off elaborate embezzlement and accounting schemes, companies need to enhance their defenses against this never-ending threat.

This program focuses on the basics of how fraud is perpetrated by employees and managers.

DESIGNED FOR...Professionals in business from line managers to the Board of Directors, as well as auditors.

OBJECTIVEParticipants will be able to:

• Identify the “fraud problem”• Identify red flags

MAJOR SUBJECTS• Employee fraud • Management fraud • Important red flags • Preventing fraud

NOTE: This course is available as an 8-hour and 4-hour program:• Fraud for the CPA (FRAUDC)• Fraud for Industry (FRAUDI) • External Fraud (EF4)• Internal Fraud (IF4)

COURSE ACRONYM

IF4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

43

Lease Accounting in Transition (LAT4) 4-Hour Program

WHY ATTEND THIS COURSE?After years of discussion, the Financial Accounting Standards Board (FASB) finalized a new lease standard that significantly changes lease accounting recognition, measurement, presentation, and disclosure. The concept of an operating lease is mostly eliminated, with most leases becoming capitalized assets and full liabilities on the balance sheet.

This program will cover the new rules, compare them to existing rules, and discuss planning strategies that are necessary to implement before the lease becomes effective in order to proactively structure future leases and bank financing agreements and minimize potential deleterious effects.

DESIGNED FOR...Financial professionals in companies that are lessees or lessors, as well as auditors with clients that are lessees or lessors.

OBJECTIVEParticipants will be able to identify:

• New lease terminology including two new types of leases• The definition of a lease• The recognition and measurement techniques for right-to-use intangible assets and lease

liabilities• Subsequent lease re-assessment

MAJOR SUBJECTS• Leasing and accounting

COURSE ACRONYM

LAT4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

44

Pitfalls and Problems in Financial Statement Disclosures (PPF4) 4-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?This 4-hour program highlights the most common disclosure errors being made in financial statements. Special emphasis will be on problem disclosures identified in peer review.

DESIGNED FOR...Accountants in public practice and industry.

OBJECTIVEParticipants will be able to prepare disclosures for privately-held companies.

MAJOR SUBJECTS• General disclosures including accounting policies, contingencies, subsequent events, fair value,

risks and uncertainties, and related parties • Balance sheet items, including cash and investments • Liability issues, including classification problems • Income statement areas—accounting changes and error corrections, extraordinary items,

discontinued operations, and income taxes, including uncertain tax positions • Cash flow statements

NOTE: This course is available as an 8-hour and 4-hour program:• Disclosure – The Key to Financial Statements (DKFS)• Pitfalls and Problems in Financial Statement Disclosures (PPF4)

COURSE ACRONYM

PPF4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

45

Planning Cost Efficient and Effective Audits (PCE4) 4-Hour Program

WHY ATTEND THIS COURSE?Many auditors still view planning as merely a compliance requirement. But those conducting profitable audits know that planning is the key to good realization. This program will walk you through the technical requirements of audit planning under the redrafted audit standards and illustrate how those requirements can truly identify how to cut time on the job.

DESIGNED FOR...Those in public practice.

OBJECTIVEParticipants will be able to plan an engagement following the risk assessment standards.

MAJOR SUBJECTS• Using knowledge of the client and its industry to identify risk areas • Materiality decisions that streamline testing • Revisiting control risk assessment under the risk assessment SASs • Applying fraud risk assessment rules • Making the best use of analytical procedures

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

PCE4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

46

Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) 4-Hour Program

WHY ATTEND THIS COURSE?With the complexities and cost of GAAP financials, many practitioners have encouraged clients to use tax basis and other special purpose frameworks financial statements. This program will address special purpose frameworks reporting and disclosure requirements, including the AICPA interpretation and practice aid on special purpose frameworks.

DESIGNED FOR...Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public, non-GAAP financial statements.

OBJECTIVEParticipants will be able to:

• Address the issues associated with special purpose frameworks presentation• Prepare financial statements using “an other comprehensive basis of accounting”

MAJOR SUBJECTS• What are the most common GAAP versus tax differences?• Which footnotes can be eliminated in special purpose frameworks presentations?• What does “communicate the substance of GAAP disclosures” mean under the AICPA

interpretation?• Are changes needed to the body of statements when tax basis financials are presented?• Should tax basis statements include non-taxable and non-deductible items?• Can any financial statements be eliminated in a special purpose frameworks presentation?

NOTE: This course is available as an 8-hour and 4-hour program:• Special Purpose Frameworks (SPF)• Tax Basis and Other Special Purpose Frameworks Presentations (SPF4)

COURSE ACRONYM

SPF4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

4 hours

Accounting and Auditing Programs (4-Hour)

47

Accounting for Income Taxes (AIT2) 2-Hour Program

WHY ATTEND THIS COURSE?The requirements of U.S. GAAP can be overwhelming for professionals responsible for the preparation of financial statements. ASC 740, Income Taxes, provides guidance on how to account for income taxes. This program presents the latest guidance on implementation of the standard, including examples.

DESIGNED FOR...CPAs preparing financial statements that include income tax presentation. This course provides answers to some of the more complicated accounting issues related to the topic.

OBJECTIVEParticipants will be able to:

• Calculate income tax expense• Calculate deferred taxes• Properly present taxes on the balance sheet and income statement

MAJOR SUBJECTS• Temporary versus timing differences • Valuation allowance—recognition and measurement • Accounting for uncertainty in income taxes • Illustrative examples and questions for discussion

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for the CPA (GAAPC)• Accounting for Income Taxes (AIT2)• Statement of Cash Flows (SCF2)

COURSE ACRONYM

AIT2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

48

Analytical Procedures for Reviews and Audits (APR2) 2-Hour Program

WHY ATTEND THIS COURSE?There’s no question that analytical procedures require a great deal of judgment in deciding just how much “digging” must be done to develop expectations and evaluate fluctuations and other anomalies that are discovered. And it’s true that analytical procedures require a thorough understanding of the client’s operations. But these two characteristics are exactly why analytical procedures can be effective evidence on reviews and audits, and a strong tool for increasing efficiency. This program is designed to clear up misconceptions in implementing professional performance standards and increase effectiveness and efficiency in the performance of analytical procedures.

DESIGNED FOR...Accountants in public practice.

OBJECTIVEParticipants will be able to perform and document analytical procedures appropriately and cost effectively.

MAJOR SUBJECTS• Using knowledge of the client and changes to develop expectations • Knowing when to stop investigating fluctuations • Selecting the most effective and efficient APs• Documenting APs

COURSE ACRONYM

APR2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

49

Analyzing Financial Statements – A Guide (AFS2) 2-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?While all CPAs know how to analyze financial statements, recent articles in the financial press on improper revenue recognition, quality of earnings, and cash flow issues have emphasized the importance of understanding financial statement relationships beyond traditional accrual analysis. This program uses analysis techniques that would identify unusual or unexpected financial statement relationships. Cash flow analysis and use of industry data will be emphasized.

DESIGNED FOR...CPAs and accountants in industry who analyze financial results to enhance evaluation of operations and develop business strategies.

OBJECTIVEParticipants will be able to apply both traditional and non-traditional financial statement analysis techniques for specific entities and objectives.

MAJOR SUBJECTS• Traditional financial statement analysis• Cash flow measurements• Enhancing ratio analysis with cash flow measurements• Quality of earnings considerations• Use of industry data with closely held companies

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4)• Analyzing Financial Statements – A Guide (AFS2)

COURSE ACRONYM

AFS2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

50

Dangers of Improper Revenue Recognition (DIR2) 2-Hour Program

WHY ATTEND THIS COURSE?Headline after headline points out how pervasive improper revenue recognition is. Finally, the FASB has added a project to revisit revenue recognition. Through lecture and short case write-ups, this program will identify improper revenue recognition techniques. In addition, the program will address quality of earnings…so much in the forefront in this scandal-ridden environment.

DESIGNED FOR...Practitioners in industry and in public practice.

OBJECTIVEParticipants will be able to:

• Identify creative accounting practices used to deceive financial statement users• Identify those risk characteristics normally associated with fraudulent financial reporting• Apply accounting rules the right way

MAJOR SUBJECTS• General revenue recognition principles• New revenue recognition guidance as a result of a joint FASB/IASB project• Accounting for product financing arrangements • Accounting for sales of real estate • Software revenue recognition• Service transactions and construction contracts• Improper revenue recognition: A problem for the profession • Other deceptive revenue recognition practices

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour and 4-hour program:• Deceptive Revenue Recognition and Other Accounting Techniques

– Recognizing the Warning Signs (DRR)• Deceptive Accounting Practices (DAP4)• Dangers of Improper Revenue Recognition (DIR2)

COURSE ACRONYM

DIR2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

51

Derivative and Hedging (DH2) 2-Hour Program

WHY ATTEND THIS COURSE?The requirements of U.S. GAAP can be overwhelming for professionals responsible for the preparation of financial statements. ASC 815, Derivatives and Hedging, provides guidance on derivatives and hedging. This program presents the latest guidance on implementation of the standard, including examples.

DESIGNED FOR...CPAs preparing financial statements for entities that invest in derivatives and hedging. This course provides answers to some of the more complicated accounting issues related to the topic.

OBJECTIVEParticipants will be able to:

• Understand derivatives and hedging and how they work• Properly account for derivatives• Properly disclose derivatives

MAJOR SUBJECTS• Effective versus ineffective hedges • Derivative instrument types • Accounting requirements • Embedded derivatives • Interest rate swaps• Disclosure requirements• Illustrative examples and questions for discussion

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for Industry (GAAPI)• Fair Value: Measurement (FV4)• Derivative and Hedging (DH2)• Variable Interest Entities and Related Party Leases (VIE2)

COURSE ACRONYM

DH2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

52

Efficiency and Effectiveness in Documentation Review (EED2) 2-Hour Program

WHY ATTEND THIS COURSE?With the time pressure of getting the job done, often review of documentation is limited to checking that the financial statement numbers tie into the documentation, and that major technical issues are addressed. Although this approach is clearly important to ensure high quality, it does little to train the staff on how to cut out extraneous procedures and documentation. This program will discuss a process that can be used by the reviewer to balance risk and efficiency. It will discuss SAS and SSARS documentation requirements, as well as use an actual review exercise and illustrations on documenting the review process.

DESIGNED FOR...The in-charge accountant responsible for supervising the engagement.

OBJECTIVEParticipants will be able to perform and document an effective review of documentation.

MAJOR SUBJECTS• Documentation contents• Selecting documentation to be reviewed• The actual documentation review• Documenting the documentation review

COURSE ACRONYM

EED2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

53

FASB Updates (FASB2) NEW! 2-Hour Program

WHY ATTEND THIS COURSE?This session will provide an overview of changes made by accounting standard updates issued after May 2016. Only pronouncements with broad application will be covered in detail. For other issues, a quick synopsis will be provided.

DESIGNED FOR...All firms, all staff, all CPAs.

OBJECTIVEParticipants will be able to apply new accounting standard updates (ASUs).

MAJOR SUBJECTSRelevant accounting pronouncements issued after May 2016.

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• 2017 FASB and AICPA Update NEW! (FAU)• Accounting and Auditing Updates NEW! (AAU4)• FASB Update NEW! (FASB2)

COURSE ACRONYM

FASB2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

54

Meeting Documentation Requirements in Your Workpapers (MDR2) 2-Hour Program

WHY ATTEND THIS COURSE?Various standard-setting bodies have expanded the requirements for both workpaper preparation and retention. This, coupled with recurring documentation deficiencies noted in peer review, increases the importance of adopting best practices for engagement documentation.

DESIGNED FOR...Accountants in public practice.

OBJECTIVEParticipants will be able to prepare workpapers for compilations, reviews, and audits that meet professional standards.

MAJOR SUBJECTS• What workpapers must be prepared in a preparation service, compilation, or review• Audit documentation required by AU 230 and the risk assessment SASs • Common documentation problems• Workpaper retention—what and how long?• Samples of key workpapers will be included in the manual

COURSE ACRONYM

MDR2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

55

Nonstatistical Sampling for Efficient Audits (NSE2) 2-Hour Program

WHY ATTEND THIS COURSE?Many auditors do little sampling in their audits because of the misconception that sampling must be statistical. This program illustrates the guidance in the current AICPA Audit Sampling Guide relating to nonstatistical sampling applications designed to improve audit engagement efficiency.

DESIGNED FOR...Those in public practice.

OBJECTIVEParticipants will be able to select, perform, and evaluate samples.

MAJOR SUBJECTS• Requirements under the risk assessment standards• Planning nonstatistical procedures• Sampling when testing controls and when performing substantive tests• Sampling techniques• Determining sample sizes• Use of probability proportional to size sampling• Sampling error evaluation problems

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

NSE2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

56

Peer Review Deficiencies – How to Solve Them? (PRD2) 2-Hour Program

WHY ATTEND THIS COURSE?This program identifies recent peer review matters as identified by the AICPA’s Peer Review Committee. The purpose of this program is to increase the awareness by practitioners of the more frequent peer review issues identified in order to improve future engagement performance.

DESIGNED FOR...Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public financial statements. This program assists practitioners in public practice and practitioners in industry by identifying recurring practice problems in accounting, disclosure, auditing, review, and compilations.

OBJECTIVEParticipants will identify recurring peer review matters, and based on this awareness, improve future accounting and performance activities.

MAJOR SUBJECTS• Accounting matter issues • Disclosure matter issues • Audit matter issues • Review matter issues• Compilation matter issues

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

PRD2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

57

Recent Compilation and Review Issues (CRP2) 2-Hour Program

WHY ATTEND THIS COURSE?SSARS 21 has radically changed how SSARS engagements are conducted. In addition to compilation and review services, practitioners can now offer preparation services that allow them to offer financial statement services in streamlined and more flexible procedures. This program addresses these issues.

DESIGNED FOR...Practitioners who perform preparations, compilations, and reviews for non-public clients.

OBJECTIVEParticipants will be able to:

• Identify the changes that have taken place in compilation and review engagements• Perform the services related to SSARS standards

MAJOR SUBJECTS• General principles for engagements performed in accordance with SSARS• Preparation of financial statements• Compilation engagements• The performance of review engagements

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• Compilation and Review Practice Guide (CRP)• Compilation and Review Practice Guide (CRP4)• Recent Compilation and Review Issues (CRP2)

COURSE ACRONYM

CRP2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

58

Related Party Transactions – A Recurring Issue (RPT2) 2-Hour Program

WHY ATTEND THIS COURSE?Related party transactions are often the most difficult for accountants and auditors to manage due to these transactions not being separately identified when transaction activity takes place. Related party transactions are often used to commit fraud and more often are simply hidden by management because they do not want third parties to be aware of these transactions. This program will identify the accounting and disclosure guidance associated with related party transactions (ASC 850), address form over substance-related party transactions, provide examples of related party frauds, and describe best practices for identifying undisclosed related party transactions. Related party disclosures will also be addressed.

DESIGNED FOR...Accountants in public practice and industry.

OBJECTIVEParticipants will be able to identify, account, and disclose related party transactions.

MAJOR SUBJECTS• A closer look at related party transactions and the related accounting guidance• Related party frauds• Best practices, related party disclosures

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

RPT2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

59

Statement of Cash Flows (SCF2) 2-Hour Program

WHY ATTEND THIS COURSE?The requirements of U.S. GAAP can be overwhelming for professionals responsible for the preparation of financial statements. ASC 230, Statement of Cash Flows, provides guidance on how to present the statement of cash flows. This program presents the latest guidance on implementation of the standard, including examples.

DESIGNED FOR...CPAs preparing financial statements that include the statement of cash flows. This course provides answers to some of the more complicated accounting issues related to the topic.

OBJECTIVEParticipants will be able to:

• Properly separate operating, investing, and financing activities• Disclose all required information• Present the statement of cash flows properly

MAJOR SUBJECTS• How cash flows can be manipulated• Deriving operations cash flows under the direct method• Common practice problems• Illustrative examples and questions for discussion

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for the CPA (GAAPC)• Accounting for Income Taxes (AIT2)• Statement of Cash Flows (SCF2)

COURSE ACRONYM

SCF2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

60

Variable Interest Entities and Related Party Leases (VIE2) 2-Hour Program

WHY ATTEND THIS COURSE?The requirements of U.S. GAAP can be overwhelming for professionals responsible for the preparation of financial statements. ASC 810, Consolidation, provides guidance on consolidations, specifically variable interest entities. This program presents the latest guidance on implementation of the standard, including examples.

DESIGNED FOR...CPAs preparing financial statements that include related party leases that result in variable interest entities. This course provides answers to some of the more complicated accounting issues related to the topic.

OBJECTIVEParticipants will be able to:

• Recognize related party leases and how they impact consolidations• Present consolidated financial statements that include variable interest entities

MAJOR SUBJECTS• Background and recent developments • Consolidated requirement • Applying variable interest entity guidance to common control leasing arrangements• Illustrative examples and questions for discussion

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:• GAAP for Industry (GAAPI)• Fair Value: Measurement (FV4)• Derivative and Hedging (DH2)• Variable Interest Entities and Related Party Leases (VIE2)

COURSE ACRONYM

VIE2

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

2 hours

Accounting and Auditing Programs (2-Hour)

61 Governmental and Not-for-Profit Programs

GOVERNMENTAL AND NOT-FOR-PROFIT PROGRAMS8-Hour Programs

Compliance Auditing from Start to Finish (CAS)

Compliance Auditing: Questions from the Field (CAQ)

Essentials of Nonprofit Auditing (ENA)

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP)

Governmental Update (GU)

Nonprofit, Government and Compliance Update (NGCU)

Nonprofit Industry Update and GAAP Refresher (NIU)

4-Hour Programs

Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4)

62

Compliance Auditing from Start to Finish (CAS) 8-Hour Program — Includes practice aids | Great workshop format

WHY ATTEND THIS COURSE?The Uniform Guidance is now effective for nonfederal entities, as well as their auditors. The OMB will be testing audit quality in 2018, so this is a good year to ensure you are prepared. Auditors new to compliance auditing will find this start-to-finish approach helpful in understanding how to perform the procedures in a single audit. Experienced auditors will benefit by discussing the issues that are arising in practice, as well as efficiencies that can be obtained by judiciously using practice aids and by performing and documenting the “right” level of work.

DESIGNED FOR...Audit practitioners working on nonprofit and/or public sector clients who need audits performed in accordance with the Yellow Book and the Uniform Guidance. Also for accountants in nonprofit or government organizations that need a compliance audit. This course does not specifically address HUD or student financial aid issues.

OBJECTIVEParticipants will be able to:

• Identify and implement the changes brought about by the Uniform Guidance• Plan, perform, and properly document work performed • Identify the appropriate findings to report• Identify the appropriate compliance opinion to use• Write appropriately worded findings and draft applicable reports using the appropriate report

forms

MAJOR SUBJECTSParticipants will walk through a single audit from start to finish. Emphasis will be given to the changes brought about by the Uniform Guidance, as well as the “frequently missed” areas as identified by federal agencies, pass through entities, and peer reviewers. At the conclusion of this session, participants should feel more comfortable with their level of documentation skills and more confident that their work will stand up to peer review or review by governmental agencies.

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled in conjunction with Compliance Auditing: Questions from the Field (CAQ).

COURSE ACRONYM

CAS

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic/Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Governmental and Not-for-Profit Programs (8-Hour)

63

Compliance Auditing: Questions from the Field (CAQ) 8-Hour Program

WHY ATTEND THIS COURSE?The Uniform Guidance is now effective. What you don’t know about it can hurt you. Auditors are being found deficient by peer reviewers, federal agency reviewers, and state auditors. While this is not new, the situation is magnified by recent comments and actions by the DOL against firms performing ERISA audits that are not meeting professional standards. Although single audits are not ERISA audits, the focus on them has been heightened. Now is the time to ensure you are current on all the new developments and are performing all the steps necessary to comply with professional standards. This course will:

• Provide you with a discussion of the changes to administrative, cost, and audit requirements of the Uniform Guidance

• Help you avoid recurring common failures in audits under Government Auditing Standards and the Uniform Guidance

• Provide you with the latest changes in professional literature

DESIGNED FOR...• Audit practitioners working on nonprofit and/or public sector clients who need audits

performed in accordance with the Yellow Book and the Uniform Guidance• Accountants in nonprofit or government organizations that need a single audit

OBJECTIVEParticipants will be able to:

• Identify areas for improvements in their Government Auditing Standards (GAS) and single audits

• Implement changes to audits as a result of changes to professional standards, including the OMB’s Uniform Guidance

MAJOR SUBJECTSUsing the very popular “Loscalzo FAQ Format”, the major subjects covered will include: changes in the cost, administrative and audit requirements, frequently identified issues in compliance audits related to documentation, multipurpose testing, design of compliance and internal control tests, sampling applications, reporting findings, schedule of federal awards, and identifying major programs.

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled in conjunction with Compliance Auditing from Start to Finish (CAS).

COURSE ACRONYM

CAQ

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic knowledge of compliance auditing,

accounting and reporting, Yellow Book and OMB’s

Uniform Guidance

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Governmental and Not-for-Profit Programs (8-Hour)

64

Essentials of Nonprofit Auditing (ENA) 8-Hour Program — Practice aids

WHY ATTEND THIS COURSE?Audits of nonprofit organizations can be challenging. Many small- to mid-sized nonprofits lack sophisticated accounting personnel, which presents challenges in the auditor’s understanding of internal controls and assessment of risk. This course illustrates how to document the risk assessment procedures (including the understanding of internal control and the linkage between the risk assessment) and the audit programs for a very small volunteer fire department with less than $300,000 in revenue. It also includes updates on the current issues for 2016-2017, including a discussion of the professional literature recently issued and items recently highlighted in the Not-for-Profit Audit & Accounting Guide.

DESIGNED FOR...Practitioners who audit nonprofit organizations, CPAs or others new to working in nonprofit organizations or interested in how audits are conducted.

OBJECTIVEParticipants will be able to:

• Plan and perform audits for small- to mid-sized nonprofits as efficiently as possible• Consider the design of internal controls and determine whether the internal controls have

been implemented (including areas specifically identified by the nonprofit audit guide)• Perform risk assessments under the new risk assessment auditing standards• Understand audit areas that specifically apply to nonprofits

MAJOR SUBJECTS• Assessing the risk of material misstatement • Identifying significant risk and fraud risk • Understanding and documenting the system of internal control over financial reporting • Identifying the appropriate level of audit procedure in response to assessed risk • Substantive tests for nonprofit specific account balances and classes of transactions

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled back to back with Nonprofit Industry Update and GAAP Refresher (NIU) or Understanding and Testing Internal Control (UTIC).

COURSE ACRONYM

ENA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic/Intermediate

PREREQUISITES Basic audit course

or experience

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

8 hours

Governmental and Not-for-Profit Programs (8-Hour)

65

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) 8-Hour Program

WHY ATTEND THIS COURSE?The literature specific to nonprofit organizations continues to evolve and become more complex. Using the popular and fast-moving “Frequently Asked Questions” format, this course was compiled from questions asked of the author in their capacity as a technical reviewer and advisor to firms and nonprofit organizations. This course also provides an update on emerging governance issues.

DESIGNED FOR...• Practitioners working with nonprofits in public practice• Accountants working in nonprofit organizations who need to keep on top of current

accounting and disclosure requirements

OBJECTIVEParticipants will be able to:

• Address major accounting and disclosure issues • Understand the governance issues faced by nonprofits in today’s highly scrutinized and

regulated environment• Address auditing issues that arise in audits under the Uniform Guidance

MAJOR SUBJECTS• Complex accounting and disclosure issues, proposed changes to nonprofit financial reporting• Governance issues• Frequently missed issues in Single Audits and Not-for-Profit Financial Statement Audits

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

FAQNP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity with nonprofit accounting

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 4 hours

Auditing: 4 hours

Governmental and Not-for-Profit Programs (8-Hour)

66

Governmental Update (GU) 8-Hour Program

WHY ATTEND THIS COURSE?The GASB has issued several new pronouncements that will change financial reporting and disclosure for governments. This course will discuss the newest GASB pronouncements starting with GASB 81. It will also include additional pronouncements issued through early 2017. In addition, this program contains industry updates, an update on compliance auditing, and a section on the AICPA’s audit quality initiatives, including frequently missed auditing, accounting, and disclosure issues.

DESIGNED FOR...• Audit practitioners working on audits of state and local governments• Accountants in industry who want to remain up to date on financial accounting, reporting, and

compliance requirements

OBJECTIVEParticipants will be able to:

• Understand changes in the government environment • Recognize and apply major accounting and disclosure issues impacting governments• Apply new GASB pronouncements• Understand the AICPA’s audit quality initiative and identify the most frequently missed

accounting, auditing, and disclosure issues

MAJOR SUBJECTS• GASB 80, Blending Requirements for Certain Component Units—an amendment of GASB

Statement No. 14• GASB 81, Irrevocable Split-Interest Agreements• GASB 82, Pension Issues—an amendment of GASB Statements No. 67, No. 68, and No. 73• AICPA’s audit quality initiative • Frequently missed accounting, disclosure, and auditing issues

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

COURSE ACRONYM

GU

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity

with governmental accounting

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

(Governmental)

Auditing (Governmental)

RECOMMENDED CPE CREDIT

Accounting (Govt.): 6 hours

Auditing (Govt.): 2 hours

Governmental and Not-for-Profit Programs (8-Hour)

67

Nonprofit, Government and Compliance Update (NGCU) 8-Hour Program

WHY ATTEND THIS COURSE?Not-for-profits and governmental entities are subject to very specific accounting and disclosure guidance. Over the last few years, there have been a significant number of updates to accounting and reporting literature from both the FASB and GASB. This program provides a 2017 update of the issues at the forefront of these industries to help accountants and auditors ensure that they are aware and have a basic understanding of the most current professional literature. This program also includes updates relevant to auditors that perform audits under Government Auditing Standards and the Uniform Guidance.

DESIGNED FOR...• Practitioners working with governments in public practice• Accountants working in nonprofit organizations and governments who need to keep on top of

current accounting and disclosure requirements

OBJECTIVEParticipants will be able to:

• Recognize and apply major accounting and disclosure issues impacting their clients or entities• Prepare complete and accurate financial disclosures for these new developments

MAJOR SUBJECTS• Recent major accounting and disclosure issues specific to nonprofit entities • Recent major accounting and disclosure issues specific to governmental entities • New industry developments, including risk alerts • Compliance Audit Updates• AICPA’s Audit Quality Initiative

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled back to back with Nonprofit Industry Update and GAAP Refresher (NIU) or FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP).

COURSE ACRONYM

NGCU

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity with nonprofit governmental

accounting

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

(Governmental)

RECOMMENDED CPE CREDIT

8 hours

Governmental and Not-for-Profit Programs (8-Hour)

68

Nonprofit Industry Update and GAAP Refresher (NIU) 8-Hour Program

WHY ATTEND THIS COURSE?This program provides a 2017 update of the issues at the forefront of industry to assist the auditor in assessing risk. It also includes updates to FASB guidance through early 2017 with a specific section on the new not-for-profit financial statements, complete with disclosure examples. We will also discuss the FASB’s decisions to date related to the accounting for grants, as well as a discussion of the AICPA’s task force recommendations related to revenue recognition.

The GAAP refresher portion of the program includes coverage of some significantly enhanced sections in the nonprofit audit guide and nonprofit Technical Practice Aids (AICPA). This course also provides an update on issues relative to the Single Audit and the AICPA’s Audit Quality Initiative.

DESIGNED FOR...• Practitioners working with nonprofit organizations in public practice• Nonprofit industry accountants who need to keep on top of current accounting and disclosure

requirements

OBJECTIVEParticipants will be able to:

• Apply the issues faced by nonprofits in today’s environment which will help them assess risk• Recognize and deal with major accounting and disclosure issues impacting their clients or

organizations

MAJOR SUBJECTS• Not-for-profit industry updates 2017 • Major accounting and disclosure issues specific to nonprofit organizations • Issues related to the Single Audit

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled back to back with Nonprofit, Government and Compliance Update (NGCU) or Essentials of Nonprofit Auditing (ENA).

COURSE ACRONYM

NIU

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic familiarity

with not-for-profit accounting and

auditing

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

RECOMMENDED CPE CREDIT

8 hours

Governmental and Not-for-Profit Programs (8-Hour)

69

Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) 4-Hour Program

WHY ATTEND THIS COURSE?This 4-hour module will help auditors and those working in nonprofit organizations to identify and address the most common fraud and abuse schemes that are perpetrated against them. Using a case study format, participants will learn how these fraud schemes can be prevented and detected. The issue of fraud is especially important to understand in an economy where incentive and pressure to commit a fraudulent act is intensified. This course has been updated with a discussion on the important changes in the COSO Framework 2013 and COSO white papers on board governance and cyber fraud.

DESIGNED FOR...Auditors of nonprofit organizations and CPAs working in the nonprofit industry.

OBJECTIVEParticipants will be able to identify situations where there is a risk of fraud and create ways to prevent and detect them.

MAJOR SUBJECTS• Identification of fraud risk • Major fraud schemes • Internal controls that are responsive to those risks

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

It is recommended that this course not be scheduled back to back with FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP).

COURSE ACRONYM

IAR4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Auditing

RECOMMENDED CPE CREDIT

4 hours

Governmental and Not-for-Profit Programs (4-Hour)

70 Employee Benefit Plans Programs Employee Benefit Plans Programs (8-Hour)

EMPLOYEE BENEFIT PLANS PROGRAMS8-Hour Programs

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI)

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC)

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP)

71

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans* (CPI) NEW! 8-Hour Program — Includes practice aids

WHY ATTEND THIS COURSE?Employee benefit plan audits continue to present a myriad of practice issues and risks that practitioners must address. This advanced course will give you the skills to:

• Stay current on ongoing regulatory initiatives, findings, and actions• Identify and address difficult and complex accounting, auditing, and financial reporting issues

in EBP engagements• Effectively perform and document required auditing procedures

DESIGNED FOR...Practitioners in public accounting firms that audit employee benefit plans.

OBJECTIVEParticipants will be able to:

• Address and implement current changes and issues in financial reporting for employee benefit plans

• Identify current auditing issues and challenges facing the employee benefit plan auditor• Prepare adequate and sufficient audit documentation• Avoid mistakes and deficiencies in audit testing and financial reporting and disclosures noted

in recent DOL Audit Quality Study

MAJOR SUBJECTS• Current DOL and EBSA programs, compliance initiatives and regulatory requirements • A review of current and pending accounting and auditing standards and changes • Recent changes to the EBP Audit Guide • Form 5500 filing requirements, issues, and changes • Common audit challenges and risk areas inherent in benefit plan audits • Changes in auditing and reporting and disclosure of ASC 820 fair value accounting

measurement • Review of audit planning and identification of current risk issues in EBP audits • Understanding the SOC report • Common noted practitioner reporting and disclosure deficiencies and errors • Avoiding recent peer review issues and understanding the new peer reviewer requirements • Best practices in EBP financial statement reporting and disclosure with examples

COURSE ACRONYM

CPI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE Intermediate to

Advanced

PREREQUISITES Experience in

conducting audits of employee benefit

plans

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 4 hours

Auditing: 4 hours

*Updated for new

developments

Employee Benefit Plans Programs (8-Hour)

72

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) 8-Hour Program

WHY ATTEND THIS COURSE?Employee benefit plan audits have always presented unique challenges and practice risks. This basic to intermediate course will address these challenges and provide the skills to:

• Avoid the most common deficiencies identified by the DOL• Identify unique employee benefit plan (EBP) audit risks• Perform the right level of service and proper level of audit testing• Identify and effectively document the required procedures• Prepare GAAP and DOL compliant financial statements

DESIGNED FOR...Practitioners in public accounting firms that audit defined contribution pension plans.

OBJECTIVEParticipants will be able to:

• Audit defined contribution plans in accordance with GAAS and DOL requirements • Identify audit risk areas for defined contribution plans• Develop and perform appropriate audit testing to address the assessed audit risks• Avoid mistakes and deficiencies in preparing GAAP and DOL compliant financial statements

MAJOR SUBJECTS• Identifying when an audit is required • A review of current and pending accounting and auditing standards • Common audit and reporting deficiencies, including those identified in the recent DOL Audit

Quality Study • Unique audit planning characteristics in EBP audits • Difficult audit areas found in EBP engagements • Limited scope and full scope audit requirements • Recent changes to EBP Audit Guide • Financial statement reporting and disclosure requirements with examples • ASC 820 fair value accounting measurement, disclosure and reporting changes and issues • Updating and documenting the risk assessment in EBP audits • Changes in requirements for Form 5500 • Importance of testing of participant data as well as contributions and payment • Identifying related party and party-in-interest and prohibited transactions

COURSE ACRONYM

ADC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic to Intermediate

PREREQUISITES None; however, some experience

in conducting EBP audits would be

helpful

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 4 hours

Auditing: 4 hours

Employee Benefit Plans Programs (8-Hour) Employee Benefit Plans Programs (8-Hour)

73

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP) 8-Hour Program

WHY ATTEND THIS COURSE?This program hits the mark by reviewing real issues and questions asked by participants of Loscalzo’s employee benefit plan seminars in the past, as well as observations and best practices identified by the author when performing employee benefit plan quality control and consulting engagements. The manual includes issues dealing with employee benefit plan accounting and disclosures, as well as audit procedures and best practices. Get quick and practical solutions to issues that may confront your benefit plan practice.

DESIGNED FOR...Practitioners in public practice who need to keep on top of changing needs and current issues in the employee benefit plan audit arena.

OBJECTIVEParticipants will be able to:

• Understand the impact that the DOL initiative regulatory and legislative programs are having on the audit of EBPs

• Focus on real questions and issues encountered in employee benefit plan accounting and financial reporting issues

• Resolve practice problems encountered during auditing of plans• Address and eliminate potential issues and problems before they arise

MAJOR SUBJECTSAccounting and disclosure issues including:

• Fair value accounting measurement, disclosure, and reporting issues • Investments • Specialized EBP financial statement disclosures • Party-in-interest and prohibited transactions disclosures • Plan administrative expenses • DOL supplemental schedule presentation and reporting • Plan operational defects and plan terminations • Required communication with those charged with governance

Auditing and engagement documentation issues including:• Common audit and reporting deficiencies, including those identified in the recent DOL Audit

Quality Study • EBP audit planning and risk assessment documentation considerations • Internal controls documentation and testing and reviewing and linking SOC 1 reports • Evaluation and use of third party valuation specialists • Participant data testing requirements and shortfalls • Full scope vs Limited scope requirements and procedures • Auditing employer and employee contributions, plan expenses, participant distributions • Plan terminations

COURSE ACRONYM

FAQEBP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic to Intermediate

PREREQUISITES None

ADVANCE PREPARATION

Basic familiarity with accounting standards

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

Accounting: 4 hours

Auditing: 4 hours

Employee Benefit Plans Programs (8-Hour)

74 Professional Ethics Programs

PROFESSIONAL ETHICS PROGRAMFor the following states, we have developed an ethics program that complies with their applicable state board ethics CPE requirement: Connecticut, Delaware, Massachusetts, New Jersey, New York, South Carolina, and Vermont. Please check with your state board ethics requirements to see if a generic ethics program or a state board specific program is required.

4-Hour Programs

Professional Ethics for CPAs (ETHICS4)

Tax Practitioner Responsibilities and Ethics (TAXE4)

75

Professional Ethics for CPAs (ETHICS4) 4-Hour Program

WHY ATTEND THIS COURSE?The AICPA’s Professional Ethics Executive Committee (PEEC) has clarified and revised the AICPA Code of Professional Conduct. In this program, we will use the revised AICPA Code as our basis for discussing regulatory ethics. This program will address ethics rules applicable to all members (CPAs)—members in public practice, members in business, and other members. It will include recent changes, interpretations, and non-authoritative guidance issued by PEEC.

DESIGNED FOR...CPAs in public practice, as well as CPAs employed in private industry.

OBJECTIVEParticipants will be able to:

• Describe the revised AICPA Code of Professional Conduct, along with recent changes• Identify ethical threats and safeguards associated with members practicing in public practice,

in business, or applicable to other members• Describe AICPA Code of Professional Conduct rules applicable to all members, as well as rules

applicable to members in public practice and members in business• Explain and apply the AICPA’s Code of Professional Conduct rules applicable to integrity and

objectivity, independence, general standards, acts discreditable, commissions and referral fees, advertising, confidential information, and form of organization and name

MAJOR SUBJECTS• Issues impacting attest services, including independence issues• Issues impacting non-attest practices and engagements• Issues impacting CPAs in industry

COURSE ACRONYM

ETHICS4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES Basic knowledge of professional ethics

rules and regulations

ADVANCE PREPARATION

None

FIELD OF STUDY Regulatory Ethics

RECOMMENDED CPE CREDIT

4 hours

Professional Ethics Programs (4-Hour)

76

Tax Practitioner Responsibilities and Ethics (TAXE4) 4-Hour Program

WHY ATTEND THIS COURSE?Tax practitioners are under increased regulation as to their tax practices. The IRS has increased the responsibilities of practitioners and imposes penalties for those who do not follow their regulations. Many practitioners are not aware of how simple procedures can result in severe disciplinary action.

DESIGNED FOR...All tax practitioners who prepare or sign tax returns.

OBJECTIVEParticipants will be able to:

• Understand responsibilities that are required by Circular 230• Understand complex preparer penalties and ways to avoid them• Understand how the AICPA Code of Professional Conduct, Tax Standards, and Attestation

Standards affect tax practitioners• Understand the need to properly address (or avoid) client requests for comfort letters

MAJOR SUBJECTS• IRS Circular 230• Tax penalties• AICPA Code of Conduct• Statements on Standards for Tax Services (SSTSs)

COURSE ACRONYM

TAXE4

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Regulatory Ethics

RECOMMENDED CPE CREDIT

4 hours

Professional Ethics Programs (4-Hour)

77

PROFESSIONAL DEVELOPMENT PROGRAM8-Hour Program

Business Communication (BC)

Professional Development Program

78

Business Communication (BC) 8-Hour Program

WHY ATTEND THIS COURSE?In today’s fast-paced world, communication takes on many different forms and can affect a business positively or negatively. Understanding how to listen, speak and write effectively is the pathway to building trust and credibility with colleagues and clients.

Through various forms of communication, business professionals can create long-lasting relationships that may lead not only to personal improvement but also improvement of the bottom line.

DESIGNED FOR...Accountants in public practice and industry.

OBJECTIVEParticipants will be able to:

• Understand the importance of developing personal credibility• Develop listening skills to better identify the specific needs of clients and personnel• Learn how to create strategies for developing connections that lead to future business

opportunities and personal enrichment• Write business articles for local and regional media outlets• Identify different ways to communicate with the outside world• Write white papers, blogs, and other resources as credibility-builders• Use social media to connect with clients and prospects• Improve speaking skills for greater impact

MAJOR SUBJECTS• Personal credibility • Better listening • Networking • Leveraging your connections • Writing articles, white papers, and blogs • Using social media to generate interest and deepen connection• Speaking skills • Using audio visuals

COURSE ACRONYM

BC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Professional Development

RECOMMENDED CPE CREDIT

8 hours

Professional Development Program (8-Hour)

79

NICHOLS PATRICK CPE COURSES

79

80

Tax Staff Training (2-Day) – Advanced Issues (TSTA) 16-Hour Program

WHY ATTEND THIS COURSE?Designed for the accountant with more than two seasons’ tax experience who is ready to take more responsibility for providing and supervising tax services to clients, this program includes income taxation of estates and trusts, special rules affecting controlled groups, and transfers of partnership interests. Program participants will learn how to comply with professional standards, prepare written tax advice, represent clients before the IRS, and produce quality tax research using Code, Regulations, IRS Published Guidance, Committee Reports, and case law.

DESIGNED FOR...Accountants who are ready for “in charge” responsibility in tax practice. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Handle complex tax issues, including suspended losses, NOLs, accounting method changes, controlled groups, debt forgiveness, AMT credit

• Deal with “in charge” responsibilities • Produce written tax advice • Deal with the IRS • Review returns and tax research prepared by others • Apply current developments to planning for existing clients • Develop a technical “head start” on a tax specialization • Comply with professional standards

MAJOR SUBJECTS• Best practices and the value of engagement letters • Return review procedures and documentation • Tax research, documentation, and writing tax opinions • Working with the IRS on examinations, assessments, appeals, and penalty abatement • Income taxation of Estates and Trusts—Subchapter J • Accounting periods and methods • Controlled groups—special tax considerations • Partnership liquidations, distributions, and transfers of interest • Net operating losses • Current technical developments • Comprehensive coordinated tax planning techniques • Application of Professional Standards to Tax Practice

COURSE ACRONYM

TSTA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Two or more years of income taxation

experience.

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

16 hours

Nichols Patrick CPE Programs (16-Hour)

81

Tax Staff Training (2-Day) – Business (TSTB) 16-Hour Program

WHY ATTEND THIS COURSE?Designed as practical “next-step” training for the accountant who has one or two tax seasons’ experience and is expected to accept additional responsibility and work on more complex assignments, this course introduces the participant to business income tax returns and tax issues commonly encountered in operating businesses. Case study shows participants how to summarize and organize information from trial balance, make entries required for tax reporting, and actually prepare tax returns. Participants will also be introduced to tax practice ethics (Circular 230), basic tax research techniques, and common sources of authority for tax return positions.

DESIGNED FOR...Accountants with one or more years of tax experience who anticipate additional tax compliance and planning responsibilities. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Apply working knowledge of tax matters encountered by intermediate level staff accountants in the local/regional CPA firm

• Deal with more complex tax returns of all types • Document research and answer client tax questions • Efficiently prepare Forms 1065, 1120S, and 1120 • Recognize tax planning concepts and develop efficient tax research techniques • Prepare accounting method change notices for new “Repair Regulations” • Comply with Treasury Circular 230 ethical standards for return preparers

MAJOR SUBJECTS• Getting from trial balance to tax return • Tax characteristics of S corporations, C corporations, partnerships, and LLCs • Tax considerations in organizing any of those types of entities • “Back to Back” loan rules for S corporations • Corporate earnings and profits • S shareholder basis and AAA • Partner basis versus capital account • Documentation for accounting method change • Intermediate level tax practice case studies • Return review procedures • Documentation of working files • Introduction to Treasury Circular 230

COURSE ACRONYM

TSTB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES One or two years

of income taxation experience

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

16 Hours

Nichols Patrick CPE Programs (16-Hour)

82

Tax Staff Training (2-Day) – Individual (TSTI) 16-Hour Program

WHY ATTEND THIS COURSE?The new accountant with little or no tax experience will gain real-world, practical training from this course. It bridges the gap between school and practice. This is not a theory course. It is the foundation for understanding the federal income tax code and its application to all kinds of taxpayers. New staff accountants will return from this program ready to make a profitable contribution to the firm’s tax practice. Emphasis is on individual tax returns and tax issues commonly encountered by individuals.

DESIGNED FOR...Accountants and paraprofessionals who want a thorough introduction to, or comprehensive review of, tax compliance fundamentals. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Deal correctly with tax-related matters usually encountered by first year staff • Prepare Forms 1040, 4562, 4797, 6251, and many others, efficiently (with or without a

computer) • Be a productive member of the tax-team

MAJOR SUBJECTS• Identifying, summarizing and classifying income and deductible expenses • Depreciation, cost recovery, and recapture • Passive losses • Interest tracing • Trade or business expenses • Capital gains and losses • Alternative minimum taxation • Procedures to minimize errors and simplify review • Finding answers to tax questions quickly and correctly

COURSE ACRONYM

TSTI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES Basic knowledge of accounting or tax

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

16 hours

Nichols Patrick CPE Programs (16-Hour)

83

Accounting Method as a Tax Planning Service: Filing Form 3115 to Save Taxes (AMTP) 8-Hour Program

WHY ATTEND THIS COURSE?The revisions to the tangible property/repair regulations brought a dark side of Form 3115, at least until the small taxpayer relief in February 2015. But changing other accounting methods using Form 3115 is actually an opportunity for CPAs to assist their clients in planning to reduce tax liabilities. In January of 2015, the IRS consolidated the guidance on how and when we apply for accounting method changes in Revenue Procedure 2015-13. The companion Revenue Procedure 2015-14 offers detailed instructions on more than 200 “Automatic Changes.” Every CPA who provides tax services to business clients must know how to evaluate accounting methods in order to respond to changing accounting standards and business practices.

Every CPA who provides tax services to business clients must know how to evaluate accounting methods in order to respond to changing accounting standards and business practices. CPAs must also recognize opportunities to save the client money or solve problems for clients who have not been using required methods to correct problems more favorably than having the IRS correct the problem on exam.

DESIGNED FOR...CPAs with tax planning responsibilities for business enterprises. May also be suitable for public practice/industry.

OBJECTIVEParticipants will be able to:

• Evaluate a client’s existing accounting methods• Prepare timely, complete, and correct Forms 3115 to inform the IRS of one or more accounting

method changes for the client’s benefit

MAJOR SUBJECTS• Revenue Procedure 2015-13: automatic and non-automatic method of accounting change

procedures; required documentation and time for filing Form 3115• Revenue Procedure 2015-14: the new consolidated automatic changes; required

documentation and time for filing Form 3115• Detailed “how to” for many frequently encountered accounting method changes

– Depreciation and amortization– Taxable year of inclusion: advance payments, retainages, financial statement conformity– Taxable year of deduction: self-insured medical benefits, real property taxes, rebates,– Liabilities for services and insurance, gift cards issued as refunds for returned goods– Repairs and costs of acquiring tangible property

• Calculation and timing of Section 481(a) “spread period” adjustment

COURSE ACRONYM

AMTP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic knowledge of

income taxation

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Special Tax Matters

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

84

Advanced Tax Practice (ATP) 8-Hour Program

WHY ATTEND THIS COURSE?Code Sections 6694 and 7216, Treasury Circular 230, Office of Professional Responsibility, AICPA Statements on Standards for Tax Services…every tax partner and senior manager faces a daunting array of new “guidance.” Rarely have tax and financial statement issues been so intertwined, and so likely to cause problems for tax practitioners. All CPAs must become familiar with risk analysis of tax return positions. This program explains what it takes to avoid penalties and keep fees reasonable.

DESIGNED FOR...Senior tax managers and tax partners. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Comply with Circular 230 and AICPA SSTS• Impose best practices in tax practice• Identify “Uncertain Tax Return Positions” and test for “more likely than not” for FIN 48

compliance• Analyze tax return positions to determine degree of risk• Avoid penalties under IRC Sec. 6694…how to use disclosure to avoid penalties• Avoid penalties under IRC Sec. 7216...when to ask for client waiver of confidentiality• Determine whether a tax return position has “substantial authority” or a “reasonable basis”• Make protective disclosure of tax return position with only “reasonable basis”

MAJOR SUBJECTS• Final Sec. 6694 regulations• Best practices and the value of engagement letters• Understanding required “levels of authority” for tax positions• Circular 230 (as amended June 2014) and AICPA Standards relating to tax return positions• Tax research, documentation, and opinions• Case studies in analysis of risk in tax return positions• Current developments in tax practice management and responsibilities of tax partners

COURSE ACRONYM

ATP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Senior Tax Managers

and Tax Partners

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

85

Advanced Tax Update for Experienced Practitioners (ATU) 8-Hour Program

WHY ATTEND THIS COURSE?Designed for the experienced tax advisor with compliance, research, and planning responsibilities, and in full charge of a company or client’s tax affairs. Updated biweekly, this program focuses on current tax developments and provides ample opportunity for discussion and individual participation. Participants should learn from others in the group and share individual experiences.

DESIGNED FOR...Experienced tax advisors with heavy tax planning and supervisory involvement.

OBJECTIVEParticipants will be able to:

• Analyze current federal and multi-state tax developments affecting businesses and individuals and discuss application of new rules

• Take full advantage of planning opportunities • Recognize trends and emerging issues • Anticipate and create opportunities to help clients reduce their tax burdens • Apply procedures to restrict use of tax client data as required by IRC Sec. 7216 • Deal with changing reliance standards in IRC Sec. 6694, Circular 230, and AICPA SSTSs

MAJOR SUBJECTS• Current developments affecting individuals, businesses, partnership and LLCs, S corporations,

tax exempts, estates trusts and gifts, and IRS Practice and Procedure • Planning ideas • Court decisions, new law, regulations, rulings, revenue procedures, technical advice

memoranda, Chief Counsel advisories, and more • Ethical standards for tax practice • IRS implementation of statutory reforms • Tax practice management and liability issues

COURSE ACRONYM

ATU

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE Update/Advanced

PREREQUISITES Experienced tax

advisors

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

86 Nichols Patrick CPE Programs (8-Hour)

Church and Minister Taxation (CMT) 8-Hour Program

WHY ATTEND THIS COURSE?Even though churches are tax exempt and generally pay no income tax, churches are not outside the reach of the IRS. Churches are responsible for correctly reporting payroll, understanding the rules for charitable contributions, recognizing unrelated business income, and filing the appropriate returns. The tax rules for ministers are complex and often controversial. In order for ministers to file accurate and complete tax returns, an understanding of these rules is necessary.

DESIGNED FOR...CPAs in public practice or serving as church treasurers or financial administrators.

OBJECTIVEParticipants will be able to:

• Review the tax-exempt status of churches • Apply the rules for reporting payroll including housing allowances, social security for ministers,

employee expense reimbursements, retirement plans, and fringe benefits • Explain the rules that apply to charitable contributions • Explain the concept of unrelated business income and when it applies to churches • Apply IRS rules that define a “minister of the gospel” • Clarify the rules regarding parsonages and minister’s housing allowance • Discuss the exemption of ministers from social security

MAJOR SUBJECTS• Tax-exempt status for churches • Payroll taxes and reporting requirements • Charitable contributions • Unrelated business income • Fringe benefits and employee expenses • Who the IRS considers a minister • Parsonages and housing allowances • Minister expenses • Social security for ministers

COURSE ACRONYM

CMT

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

RECOMMENDED CPE CREDIT

8 Hours

87

Assisting the Survivors: CPA’s Role in the Decedent’s Estate (ASDE) 8-Hour Program

WHY ATTEND THIS COURSE?CPAs are comfortable dealing with one of the two certain things in life, but are not necessarily ready to deal with other certainty aside from taxes and death. When a client dies, the CPA is most often placed in the position of assisting the survivors in handling all of the various issues of the decedent’s estate. This course looks at the various roles and issues a CPA will need to understand in assisting the survivors following a death.

DESIGNED FOR...CPAs in public practice and those assisting with decedents’ estates. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Counsel survivors regarding issues arising following the decedent’s passing• Handle issues involved with dealing with trusts arising from the estate• Handle estate/trust accounting under the applicable principal and income act• Deal with post-death estate tax issues, including portability, disclaimers, and estate tax returns• Recognize state income tax issues arising from an estate and related trusts• Understand the exposures a CPA faces when advising survivors

MAJOR SUBJECTS• The key players in a decedent’s estate • Steps and issues in the probate of the estate • Administrative trusts (the post-death revocable living trust)• Testamentary trusts (definition, funding issues, etc.)• Estate accounting—a state’s Uniform Principal and Income Act• Estate tax returns (federal and state)• Income taxation of a decedents’ estate • State complications of estates—jurisdiction and taxation• Assisting the survivors

COURSE ACRONYM

ASDE

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

88

Business & Industry Tax Update (BITU) 8-Hour Program

WHY ATTEND THIS COURSE?Congress has been active, and a number of changes will impact those in business and industry. This course will cover those new developments in the law, plus cases, rulings, and regulations of interest to those in business.

DESIGNED FOR...CPAs dealing with industry tax issues, including those not in public practices.

OBJECTIVEParticipants will be able to:

• Maintain tax knowledge and awareness of tax changes that affect common business operations and individuals who own them

• Establish practical approaches required to comply with changes in tax law • Identify IRS audit issues • Avoid costly misunderstandings of tax law by learning from others’ mistakes

MAJOR SUBJECTS2015 tax law changes, which include:

• Continuation of the $500,000 limit for §179 and changes in eligible property• Extension of bonus depreciation, scheduled phase-down of amounts, and changes in eligible

property• Rules that will require filing copies of W-2s with the IRS by January 31 next year and removal

of social security numbers from employee W-2 copies• Major revision to IRS examination rules for partnerships• Changes to business return due dates• De minimis Form 1099 revision rules for 2016• Delay in date when “Cadillac tax” on excess medical benefits apply

Cases, rulings, and regulations issued in the past year, including:• Issues related to the $100 a day penalty for reimbursing individual employee medical

insurance coverage • Change in de minimis amounts under tangible property regulations for entities without an

applicable financial statement• Dangers that exist from nonqualified deferred compensation arrangements that fail to comply

with §409A• Extension of due dates for filing Forms 1094-C and providing Form 1094-Bs to employees for

applicable large employers under the Affordable Care Act

COURSE ACRONYM

BITU

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Update

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

89

C Corporation: Advanced (CCA) 8-Hour Program

WHY ATTEND THIS COURSE?Mergers, acquisitions, and reorganizations made simple. Understand the law governing corporate formations, distributions of property, redemptions, liquidations, reorganizations, carryover of net operating losses, and other corporate tax attributes. Understand the real balance of “Earnings and Profits” and why that number might be important. Low tax rates on the first $75,000 of income and the possibility of increased rates of income tax on individuals make the C corporation a reasonable alternative to S corporation status.

DESIGNED FOR...CPAs who deal with planning and compliance for a regular corporation’s complex tax issues. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Advise clients on income tax issues when organizing a C corporation• Take advantage of C corporation rules and rates to reduce the income tax burden on

successful business owners• Deal with complicated forms of corporate organization, reorganization, and liquidation• Recognize income tax issues related to distributions to shareholders• Structure family buyouts that qualify for long-term capital gain treatment• Calculate earnings and profits• Structure a corporate reorganization to comply with IRC Sec. 368• Minimize the tax burden in a corporate liquidation• Take advantage of special basis allocation rules when one corporation acquires another• Account for corporate net operating loss and other attribute limitations

MAJOR SUBJECTS• Unique C corporation tax rules• Corporate organization—Secs. 351 and 357• Distributions by corporations—Sec. 301• Stock redemptions—Sec. 302• Corporate liquidations—Sec. 331• Corporate reorganizations—Sec. 368• Split ups—Sec. 355• Carryovers, NOLs, and other tax attributes—Sec. 382• Debt vs. equity—Sec. 385

COURSE ACRONYM

CCA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Basic knowledge of corporate tax return

preparation

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Corporate Income Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

90

Construction Contractors: Special Tax and Accounting Considerations (CCST) 8-Hour Program

WHY ATTEND THIS COURSE?This program explains and illustrates special accounting and auditing issues related to the construction industry, contractor specific disclosure rules, and current accounting and auditing developments. On the tax side, the program examines the similarities and differences of tax and financial reporting for percentage of completion and completed contract method, and adjustments for the “look back” rules, and disclosure of “uncertain tax positions.” Additional attention is paid current tax issues involving the Section 199 deduction and Worker Classification. Practical application is provided through unique audit program and financial statement issues, as well as examples of completed tax forms.

DESIGNED FOR...CPAs who prepare tax returns and financial statements for, and provide tax and financial advice to, construction contractors.

OBJECTIVEParticipants will be able to:

• Present a contractor’s financial information in accordance with GAAP • Calculate a contractor’s bonding capacity • Calculate “look-back” adjustments to taxable income • Calculate IRC Sec. 199 “Qualified Domestic Production Deduction” • Apply IRC Secs. 263A and 460 to cost accumulation • Efficiently audit a contractor • Plan financial and tax transactions to assure maximum bonding capacity • Advise contractors on how business decisions affect financial statements and tax returns • Comply with new tax and accounting rules

MAJOR SUBJECTSAccounting: Over and under billings; “profit fade,” accounts receivable, and retainage; FIN 46R; deferred income taxes; FIN 48; disclosure of risk and uncertainty; audit program for contract related items, applying risk analysis to contractors’ operations, and required disclosures

Tax: Cash versus accrual; accounting methods available to small contractors; percentage of completion vs. completed contract; “Look back” rules; AMT; Sec. 460 Regs on accumulation of contract costs; homebuilder/developer regulations, qualified domestic production deduction, and the IRS Audit Techniques Guide for the construction industry.

NOTE: This program offers 4 hours A&A and 4 hours Tax CPE Credit.

COURSE ACRONYM

CCST

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Specialized Knowledge

Construction Contractors

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

91

Corporation Taxation: Subchapter C for C Corporation or S Corporation (CTSC) 8-Hour Program

WHY ATTEND THIS COURSE?Mergers, acquisitions, and reorganizations made simple. Understand the law governing corporate formations, distributions of property, redemptions, liquidations, reorganizations, carryover of net operating losses, and other corporate tax attributes. Understand the real balance of “Earnings and Profits” and why that number might be important. Low tax rates on the first $75,000 of income and the possibility of increased rates of income tax on individuals make the C corporation a reasonable alternative to S corporation status.

DESIGNED FOR...CPAs who deal with planning and compliance for a regular corporation’s complex tax issues. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Advise clients on income tax issues when organizing a C corporation• Take advantage of C corporation rules and rates to reduce the income tax burden on

successful business owners• Deal with complicated forms of corporate organization, reorganization, and liquidation• Recognize income tax issues related to distributions to shareholders• Structure family buyouts that qualify for long-term capital gain treatment• Calculate earnings and profits• Structure a corporate reorganization to comply with IRC Sec. 368• Minimize the tax burden in a corporate liquidation• Take advantage of special basis allocation rules when one corporation acquires another• Account for corporate net operating loss and other attribute limitations

MAJOR SUBJECTS• Unique C corporation tax rules• Corporate organization—Secs. 351 and 357• Distributions by corporations—Sec. 301• Stock redemptions—Sec. 302• Corporate liquidations—Sec. 331• Corporate reorganizations—Sec. 368• Split ups—Sec. 355• Carryovers, NOLs, and other tax attributes—Sec. 382• Debt vs. equity—Sec. 385

COURSE ACRONYM

CTSC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Basic knowledge of corporate tax return

preparation

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Corporate Income Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

92

CPA Succession Planning (CPAS) 8-Hour Program

WHY ATTEND THIS COURSE?The old paradigm for retiring from public practice no longer applies. CPAs are often working longer than before due to the economy and longer life expectancy. It is not enough to assume that there will be a next generation of eager, younger CPAs standing in line for the opportunity to take over your practice and (hopefully) fund your long-awaited retirement when and how you want. Careful planning is necessary in order to have a practice that has value and is an attractive investment, to identify the right successor for your clients, to provide you with the exit strategy that fits your personal goals, and to implement a long-term succession strategy that is practical for all parties. But isn’t that what we have been telling our clients to do? Now it is time to explore the unique aspects of succession planning for us. It could get rather personal, but it most certainly will be important if you want to retire and to be retired the way you and your family wants.

DESIGNED FOR...Practitioners whose clients include owners of closely held businesses. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Identify the challenge• Implement strategies and allow for options and alternatives• Include trusted advisors• Incorporate proper financial planning with emotional needs• Set proper expectations for timing and economic realization

MAJOR SUBJECTS• Where and when do I start?• How to develop a succession plan for your practice• Looking at the different possible exit strategies• Balancing what you want with what you should reasonably expect

COURSE ACRONYM

CPAS

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Special Tax Matters

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

93

Current Federal Tax Developments (CFTD) 8-Hour Program

WHY ATTEND THIS COURSE?This fast-paced, one-day course covers the latest developments in federal taxation, updated biweekly, with emphasis on real world applications. This program is always applauded for its relevance and coverage of practical issues. Emphasis on current issues, planning, and strategy keeps participants interested all day. Learn how to avoid penalties, how to use IRS “Frequently Asked Questions” to answer tough questions relating to new laws, how to plan for the new “Medicare Tax” and other tax provisions in the Affordable Care Act, how to change over 150 accounting methods automatically with no user fee, and much more.

DESIGNED FOR...Tax advisors in public practice and corporate tax departments who want an up-to-the minute review of federal tax developments delivered in plain English.

OBJECTIVEParticipants will be able to:

• Understand and work with tax law changes • Analyze court decisions, IRS Notices, Revenue Rulings, and Revenue Procedures for application

to clients’ tax planning and compliance • Be aware of IRS audit issues • Assess pending legislation • Anticipate and create opportunities for tax reduction • Avoid penalties IRC Sec. 6662 imposes on careless taxpayers

MAJOR SUBJECTS• New Tax Law—monitoring changes and phase-ins • New Treasury Regulations, Revenue Procedures, Revenue Rulings, Notices, and so on • Letter Rulings and Technical Advice Memoranda of interest to clients • Court decisions that affect “average” taxpayers • IRS Initiatives, Audit Technique Guides, Office of Professional Responsibility, and other targeted

programs • Practice aids, checklists, examples, and new forms

COURSE ACRONYM

CFTD

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Update

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

94

Depreciation, Repairs and Fixed Assets: Tax Considerations (DRFA) 8-Hour Program

WHY ATTEND THIS COURSE?Is an expenditure associated with tangible property deductible or must it be capitalized? Learn the rules for treatment of amounts paid to acquire, produce, repair, or improve tangible property and proper accounting for dispositions of property subject to depreciation. The capitalization regulations provide objective standards and bright-line rules intended to simplify compliance with the capitalization provisions contained in section 263(a) of the Internal Revenue Code. This program highlights issues involving what must be capitalized, what can be treated as a repair, and items related to depreciation of fixed assets.

DESIGNED FOR...CPAs who advise clients and/or prepare tax returns dealing with expenditures to repair, improve, or acquire tangible property. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Apply capitalization rules in general• Identify exceptions for materials and supplies• Account for costs associated with rotable spare parts• Apply “De Minimis” rules for entities with and without an “applicable financial statement”• Determine amounts considered “spent to acquire tangible property”• Identify improvements to tangible property

– Unit of property definitions, including special rules applicable to real property– Leased property rules for lessees and lessors– Routine maintenance safe harbors

• Determine what is a “betterment” of property• Recognize and capture costs of restoration of property• Definition of adapting a property to a new or different use• Determining property that qualifies for §179 expensing treatment• Applying cost recovery rules.

MAJOR SUBJECTS• Regulations under Code Sections 162, 167, 168, 263(a) and 263A• Elections dealing with fixed assets including• De minimis rules• Section 179 expensing• Small taxpayer real estate maintenance rules• Determination of depreciable lives and methods• Understanding when an asset is placed in service for depreciation purposes

COURSE ACRONYM

DRFA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

95

Estate and Gift Taxation: Planning and Compliance (EGTP) 8-Hour Program

WHY ATTEND THIS COURSE?All tax is not income tax. In the complex area of wealth transfer planning, the best advisors anticipate opportunities and help clients develop long-term strategies to pay as little tax as possible on transfers during their lifetime or at death. This program introduces participants to the specialized area of wealth transfer taxation. It also serves as a review for those who want to understand how the most recent changes in the law will apply to common wealth transfer planning. That knowledge is a critical component of what a tax advisor must know to effectively serve individual clients.

DESIGNED FOR...Tax advisors expecting to be involved in developing comprehensive wealth management and transfer planning strategies for individuals, including income, gift, and estate tax planning.

OBJECTIVEParticipants will be able to:

• Identify information required for proper compliance with estate and gift tax rules• Prepare “audit proof” estate and gift tax returns• Effectively apply knowledge in wealth transfer planning engagements

MAJOR SUBJECTS• Explanation of recent changes in the law taxing wealth transfers• Probate estate versus taxable estate• Overview of Gift Tax Return (Form 709)• Annual exclusion, gift splitting, proper disclosure of valuations• Overview of Estate Tax Return (Form 706)• IRS audit techniques for gift and estate tax returns• Value of planning to reduce gift and estate taxes• Basis of discounts for Family Limited Partnership interests• When and how to defer estate taxes• Election of estate versus income tax deductions• Alternate valuation• Estate and gift tax credits• Disclaimers• Planning for maximum benefit of exemptions

COURSE ACRONYM

EGTP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Estate and Trust Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

96

Federal Tax Update for Industry (FTUI) 8-Hour Program

WHY ATTEND THIS COURSE?This program presents, in non-technical terms, a comprehensive review of new tax developments most likely to affect the CPA who is not in public practice, but has tax related responsibilities in her or his employment. Participants learn how current issues affect their industry and their operations. Specially prepared and presented for the person who is not a tax specialist. Any new tax law is always included.

DESIGNED FOR...CPAs not in public practice.

OBJECTIVEParticipants will be able to:

• Maintain tax knowledge and awareness of tax changes that affect common business operations and individuals who own them

• Establish practical approaches required to comply with changes in tax law • Identify IRS audit issues • Avoid costly misunderstandings of tax law by learning from others’ mistakes

MAJOR SUBJECTS• How to comply with, and plan for, the new “Repair Regulations”• Accounting for, and reporting, Sec. 1411 investment income to owners of S corporations,

partnerships, and limited liability companies• Status of Affordable Care Act rules applicable to employers of all sizes• Court decisions relating to income tax accounting methods for business enterprises • Effect of changing tax law on tax provisions in financial statements• IRS regulations, rulings, notices, and audit initiatives, including proposed regulations on sales

based rebates • Sample compliance documents • Quality control in the tax function—the responsibility of a CPA according to AICPA Standards

(Note: this segment may qualify for ethics credit, depending on each state’s rules)• Individual income tax issues and developments of general interest to employees

COURSE ACRONYM

FTUI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Update

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

97

Financial, Estate, and Tax Planning for Individuals Over 55 (FET) 8-Hour Program

WHY ATTEND THIS COURSE?The next decade will see $30 trillion of accumulated wealth transferred from one generation of Americans to the next. That’s the largest such change in recorded history. Often, older clients desperately need help with problems they don’t even know they have. This program prepares practitioners to talk with their clients about qualified plan and IRA distributions, Social Security, Medicare, Medicaid, working with any current changes to estate taxation, and effective use of trusts in wealth transfer planning.

DESIGNED FOR...Practitioners whose client base is aging and who need background in counseling for retirement and wealth transfer. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Determine cash flow needs during retirement• Establish accumulation goals• Explain the value and purpose of revocable living trust arrangements• Explain Medicaid Trusts, Durable Powers of Attorney, and Living Wills• Advise on maximization of Social Security, Medicare Supplement, and Prescription Drug plans• Use common planning tools to maximize IRA benefits• Advise on tax free wealth transfer planning opportunities

MAJOR SUBJECTS• Social Security benefits• Medicare coverage and limitations• Medicaid eligibility• Revocable living trusts• Charitable split-interest trusts• Ownership of life insurance policies and planning opportunities using existing policies• Living wills, durable powers of attorney• Taxation of pension distributions• Long-term care insurance• Estate and gift planning

COURSE ACRONYM

FET

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Specialized

Knowledge and Applications

Financial Planning

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

98

Financial Planning Strategies for Life Wealth Cycles (FPWC) 8-Hour Program

WHY ATTEND THIS COURSE?There are specific financial planning strategies that should be implemented at different stages of life. This program will analyze strategies that should be considered at each stage (under 40, 40–55, and 55+).

DESIGNED FOR...CPAs in public practice and industry seeking an update on the latest developments affecting personal financial planning. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Incorporate an update on the latest tax developments, rules, and regulations affecting financial planning strategies

MAJOR SUBJECTS• Income tax planning• Wealth transfer• Investment planning• Retirement planning• Insurance and risk management

COURSE ACRONYM

FPWC

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic/Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Advisory

Tax

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

99

Fringe Benefits: 2017 (FB) 8-Hour Program

WHY ATTEND THIS COURSE?Fringe benefits are a significant part of every company’s overhead, and a concern for every employer. Help clients or employers comply with the Patient Protection and Affordable Care Act, make effective use of fringe benefits, and reduce income and payroll tax burdens in the process. During this one-day program, participants will learn how to most effectively use major fringe benefit options to contain costs and increase employee job satisfaction.

DESIGNED FOR...Practitioners and industry accountants who are interested in the tax rules that govern fringe benefits. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Identify opportunities to use various fringe benefit programs to reduce total compensation costs

• Evaluate benefit options and special programs• Explain fringe benefits to owner-manager clients or employers• Create opportunities for consulting with clients• Comply with the rules in “Affordable Care Act” affecting employer health care benefits

MAJOR SUBJECTS• How the Patient Protection and Affordable Care Act affects fringe benefit planning• Major tax advantaged fringe benefit programs• Health Savings Accounts and Health Reimbursement Arrangements• Accident and health plans (insured and self-insured)• Tax treatment of automobiles as fringe benefits• COBRA coverage requirements• Long-term care insurance• Section 125 Flexible Spending Arrangements/Cafeteria Plans• Market considerations• Group disability insurance• Group-term life insurance• Child and dependent care programs• Non-qualified deferred compensation plans after final Section 409A regulations

COURSE ACRONYM

FB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Fringe Benefits

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

100

HSAs, HRAs, and FSAs: Health Care Options After Affordable Care (HSA) 8-Hour Program

WHY ATTEND THIS COURSE?Is it possible for businesses to offer health care options after federal law mandates universal coverage? That’s the challenge. This program explores the recent changes in cafeteria plan options and tries to explain the options available for existing and new plans. Side-by-side comparisons will show whether an HSA or HRA is better, for what type of client, and when they should be implemented. Contrary to popular rumor, employers do have options when designing health care plans for their employees.

DESIGNED FOR...Accountants in public/private practice with clients or employers who want to reduce the costs of group health care programs. May also be suitable for consultants to industry.

OBJECTIVEParticipants will be able to:

• Apply new rules for health care coverage to existing plans• Identify situations where HSAs and HRAs can be useful• Calculate the potential benefit from HSAs and HRAs• Explain how HSAs and HRAs work• Consider necessary compliance services in connection with such plans• Identify the differences in plan types and when one is better than another

MAJOR SUBJECTS• How Health Savings Accounts (HSAs) work• How Health Reimbursement Arrangements (HRAs) work• How HSAs and HRAs can integrate with Flexible Spending Arrangements• How all of those are affected by the Patient Protection and Affordable Care Act

COURSE ACRONYM

HSA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Compensation Considerations

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

101

Income Taxation of Trusts and Estates: Planning and Preparation of Form 1041 (ITTE) 8-Hour Program

WHY ATTEND THIS COURSE?Subchapter J of the Internal Revenue Code governs income taxation of estates and trusts…an area of tax law with numerous special rules, regulations, and professional customs. Form 1041 is unlike any other income tax return a tax professional encounters. This program explains the unique tax rules and opportunities for the knowledgeable tax advisor to provide valuable tax services to fiduciaries—from special tax accounting to options for reporting trust income and expenses.

DESIGNED FOR...Accountants who advise fiduciaries about tax matters and/or prepare Forms 1041. May also be suitable for accountants in public practice or income tax functions of trust companies.

OBJECTIVEParticipants will be able to:

• Advise fiduciaries regarding their tax duties for the income tax reporting• Understand the types of trusts and their income impact• Explain what is involved with trust accounting and dealing with the applicable state principal

and income act• Understand the filing requirements for trusts and the preparation of Form 1041• Deal with unique issues for income and expenses affecting trusts and estate income taxes• Understand distributable net income (DNI) and how it impacts taxes

MAJOR SUBJECTS• Estate of decedent as a taxpayer—filing requirements and tax planning• Types of trusts• Trust accounting and available tax elections• Filing requirements• Unique classification of some income and expenses• Distributable net income—the concept and its application

COURSE ACRONYM

ITTE

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

102

Introduction to Partnership Taxation (IPT) 8-Hour Program

WHY ATTEND THIS COURSE?From first year return issues to disposition of a partnership interest, this program provides information about the basics of partnership taxation. Learn to identify separately stated items for Form K-1 and to calculate partnership income. Actually prepare a complex partnership return from a trial balance in a comprehensive case study. Anyone who prepares partnership returns will benefit from this course.

DESIGNED FOR...Accountants who will prepare partnership and LLC tax returns. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Properly account for common partnership transactions• Track partner’s capital account and basis in partnership interest (they may not be the same)• Prepare an accurate Form 1065 and associated Forms K-1

MAJOR SUBJECTS• Organization of partnership• Capital account versus basis• Partner basis from partnership debt• Calculation of partnership income• Partnership allocations• Distributions• IRC Sec. 736 distributions• IRC Sec. 754 election• Partnership versus partner tax accounting elections• Preparation of partnership return and reporting problems

COURSE ACRONYM

IPT

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Partnership Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

103

Introduction to U.S. Taxation of International Transactions (IIT) 8-Hour Program

WHY ATTEND THIS COURSE?A shrinking world caused by advances in technology and “globalization” of routine business transactions is creating the need for even relatively small accounting practices to become informed about international tax issues. Most tax rules will be established by treaty, and CPAs must know what those treaties contain. US citizens working in other countries, foreign nationals working in the United States, cross-border transfers of equipment and technology, foreign sales and purchases, foreign investments and investors—all combine to require working knowledge about international tax issues. This program will give participants a broad understanding of international tax planning and compliance that will allow them to advise clients and handle routine compliance without a hitch.

DESIGNED FOR...CPAs in public practice and key positions in industry.

OBJECTIVEParticipants will be able to:

• Recognize international tax issues• Find relevant tax provisions in tax treaties• Determine taxing jurisdiction for different types of income• Identify reporting differences and treaty provisions that apply to common transactions• Plan for maximum benefit from foreign tax credit• Accurately calculate taxable income of a US citizen working in another country• Accurately calculate taxable income (and tax) of a foreign national working in the United

States.• Correctly apportion income of a multi-national business enterprise• Apply tax rules to determine “effectively connected” business operations• Anticipate and create tax savings opportunities

MAJOR SUBJECTS• Sourcing of income• Section 911—foreign source income and various per diems and allowances• Foreign tax credits• Foreign corporations• Withholding taxes• “Sub-part F” income• Transfer Pricing—IRC Sec. 482• Tax treaties• Taxation of foreign persons• Current developments in US taxation of foreign transactions

COURSE ACRONYM

IIT

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

International Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

104

Investment Taxation: The Medicare Tax and Beyond (ITMT) 8-Hour Program

WHY ATTEND THIS COURSE?Taxpayers are facing the tax on net investment income under IRC Section 1411, and it presents new issues and opportunities. This course considers what items of income and expenses are included in computing the amounts subject to the §1411 tax, the related add-on Medicare 0.9% withholding tax on earned income, and the impact of income that is excluded from the definition of investment income on the tax. In addition, the course will look at various other tax matters related to investment income.

DESIGNED FOR...CPAs whose clients are impacted by Medicare tax under IRC Section 1411. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand the application of the taxes under IRC §1411 and 3101 (the “Medicare taxes”) • Determine income items that are and are not included in the definition of investment income

and expenses that are deductible against such income for purposes of the Medicare taxes• Apply the earned income provisions of the complementary tax under §3101• Understand the application of this tax to pass-through interests• Advise taxpayers on tax planning strategies involving investment income

MAJOR SUBJECTS• Investment income types included in the computation of Section 1411 Medicare tax• Passive activity income definition and inclusion under the Medicare tax• Taxation of income from S corporations under the Medicare tax• Expenses allowed in the computation of investment income• Additional 0.9% HI tax on earned income• Investment interest issues, including tracing and included expenses

COURSE ACRONYM

ITMT

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

105

IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP) 8-Hour Program

WHY ATTEND THIS COURSE?IRS compliance initiatives target high income individuals, pass-through entities, and exempt organizations (including qualified plans). Other compliance programs focus on specific industries and issues. Learn how the Service’s examination process works, how to present issues to the Appeals Division, and options for paying deficiencies. This program covers everything from the initial examination notice to submission of an Offer in Compromise. Learn when “innocent spouse” relief might be available, when automatic installment payments might be available, how the IRS’s own Audit Technique Guides can help, and other IRS collection and audit procedures.

DESIGNED FOR...Accountants who represent clients or employers before the IRS. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand IRS procedures from audit, to appeals, to collection• Weigh options for clients who are under examination or in collection• Secure abatement of penalties• Be more skillful as a representative and advocate

MAJOR SUBJECTS• Audit Techniques Guides and examination of returns• Delinquent tax notices and collection procedures• Responsible persons and Trust Fund Recovery• Offers in compromise and negotiation tactics• Innocent spouse relief• Circular 230 update• Civil penalties and return preparer penalties• Liens and levies, Form 12153 and the Collection Due Process Hearing• IRS Administrative Appeals• Abatement and waiver of penalties: Part 20 of the IRS Internal Revenue Manual• Professional liability and the Office of Professional Responsibility• IRS “Fresh Start” initiative

COURSE ACRONYM

IPP

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Special Tax Matter

IRS Examinations

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

106

Multi-State Taxation of Businesses (MSTB) 8-Hour Program

WHY ATTEND THIS COURSE?Recent economic turmoil in the United States economy has caused a desperate search for revenue by most states. Internet commerce defies taxation under traditional concepts of nexus and situs. Decisions by the US Supreme Court, and various state courts, combined with revenue initiatives by desperate states, require CPAs to understand state and local tax issues, as well as how to structure a business taxpayer’s affairs to keep the multi-state tax burden as low as possible. This program explains and illustrates how to avoid becoming subject to excessive state taxation.

DESIGNED FOR...CPAs whose clients or employers do business in more than one state. The more states, the more this program will be beneficial. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand key terms and concepts in multi-state tax planning and compliance• Compute state income under a variety of taxing systems• Recognize the need for different planning approaches for different taxing systems• Properly apportion income when state tax systems are not the same: unitary versus single

entity, “Commercial Nexus,” variants of three factor formula, and integrated business versus investment

• Properly account for property, payroll, and sales• Restructure entities to reduce taxes• Comply with sales/use tax rules without overpaying tax• Work with states administrative rules, audit procedures, and statutes of limitation

MAJOR SUBJECTS• Nexus, situs, and internet commerce• Relationship to federal taxation• Common differences of federal versus state• Three factor formula and common variations• Unique tax systems• Tax issues involving intellectual property sales across state lines• Taxation of internet-based transactions• Sales and use taxes• Multistate Tax Commission initiatives• Filing rules and audit procedures• Current developments in multistate taxation

COURSE ACRONYM

MSTB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

State and Local Taxes

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

107

Navigating Divorce: Tax & Litigation Issues (NDTL) 8-Hour Program

WHY ATTEND THIS COURSE?Not everyone who gets married stays married. Often, the tax advisor is in the thick of settlement negotiations. This program provides comprehensive coverage of those issues a tax advisor must know in order to serve clients who are terminating (or planning to terminate) marriage relationships. Participants will learn how to work with clients and their attorneys to maximize after-tax cash available for settlement, to assure recognition of value in marital assets, to draft convincing settlement proposals, and to present information to mediators and judges.

DESIGNED FOR...Tax practitioners who want to provide valuable services as advisors and expert witnesses in divorce proceedings. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Identify opportunities for tax savings in divorce settlements• Analyze accounting and tax issues in divorce proceedings• Avoid common errors that have adverse tax consequences• Determine the rights of divorcing spouses in benefit plans• Prepare exhibits for settlement negotiations• Explain federal income tax rules on alimony, child support, and property settlements clearly to

mediators and judges• Apportion joint items to separate returns

MAJOR SUBJECTS• Lawyer’s concept of advocacy versus cooperation on tax issues• Identification of marital assets• Valuation of closely-held business interests• Typical pre-divorce tactics by people trying to obscure the facts or hide assets• “Hidden” after-tax asset values• Marital home and the Section 121 exclusion• Alimony, child support, property division, and transfers• Qualified Domestic Relations Orders (QDRO)—allocations of qualified plan benefits and/or

assets• “Innocent spouse” rules• The joys of a well-negotiated settlement

COURSE ACRONYM

NDTL

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

State and Local Taxes

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

108

Oil and Gas Accounting 101 (OG101) 8-Hour Program

WHY ATTEND THIS COURSE?Learn the special rules that govern tax accounting for oil and gas exploration and production activities. Know how to advise clients and provide compliance services whether the client is exploring, acquiring, developing, or operating oil and gas properties. This course will provide a basic understanding of exploration and production activities and cover the proper accounting methods for these activities.

DESIGNED FOR...CPAs and EAs serving oil and gas producers, controllers, and evenowners of oil and gas production. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Review the process of exploring, acquiring, developing, and operating oil and gas properties• Distinguish between optional accounting methods available to small independent producers• Properly categorize costs• Select the best method for calculating depreciation, depletion, and amortization• Account for joint operations• Apply unique tax accounting rules for revenues from oil and gas production

MAJOR SUBJECTS• The life cycle of an oil and gas property• Accounting methods for oil and gas producing activities• Categorizing costs• Depreciation, depletion, and amortization• Accounting for joint operations• Revenue accounting

COURSE ACRONYM

OG101

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Accounting

Auditing

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

109

Oil and Gas Taxation: Nuts & Bolts (OGNB) 8-Hour Program

WHY ATTEND THIS COURSE?Oil and gas taxation is one of the more complicated areas of the federal income tax system. The terminology, concepts, and specific rules are challenging to learn and apply. This course is designed to make this challenge less daunting by getting down to the “nuts and bolts” of oil and gas taxation.

DESIGNED FOR...Practicing CPAs and EAs who serve oil and gas producers and CFOs, controllers, and accountants of independent oil and gas producers. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand the critical tax concepts of economic interest, property, and “pool of capital doctrine”

• Recognize and distinguish between the common types of costs incurred by oil and gas producers and learn the proper tax treatment for each type

• Properly calculate cost and percentage depletion• Apply proper tax treatment of oil and gas property conveyances• Calculate, as they relate to oil and gas producers, Section 199, UNICAP, passive losses, AMT,

and tax credits

MAJOR SUBJECTS• Basic concepts including economic interest, property, and “pool of capital doctrine”• Cost recovery including cost identification and accumulation, depletion, depreciation, and

amortization• Conveyances of oil and gas properties including sales, subleases, and tax free sharing

arrangements• Miscellaneous provisions including “Section 199 Deduction,” UNICAP, passive losses, AMT, and

tax credits

COURSE ACRONYM

OGNB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

110

Partnership and LLC Taxation: Advanced Issues (PTAI) 8-Hour Program

WHY ATTEND THIS COURSE?This program covers allocation of basis in debt, step up in basis upon transfer, disguised sales, abandonment of partnership interest, special allocations of income and deductions, reallocation of depreciation among partners, reporting income from forgiveness of indebtedness, determining an LLC member’s self-employment income, and more. This is the program that gets participants ready to help their clients plan partnership and limited liability company transactions to minimize taxes.

DESIGNED FOR...CPAs who advise their clients regarding planning for partnership and/or limited liability company transactions and/or who have review responsibility for partnership or limited liability company tax compliance. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Recognize tax traps and pitfalls in the organization and operation of partnerships and LLCs• Calculate the special allocations required for Section 704(c) property• Deal with common ownership changes• Handle Section 754 elections and related adjustments• Apply rules properly when passing income and other items through to owners• Plan and properly account for income from forgiveness of debt• Handle the balance sheet after required tax adjustments

MAJOR SUBJECTS• Special tax considerations when organizing a partnership• Contributions of property to capital—Secs. 721, 722, and 723• Liabilities and their allocation to owners’ basis—Sec. 752• Determination of “owners’ distributive share including special allocations—Sec. 704(b)• Adjustments for contributed property—Sec. 704(c)• Optional adjustments to the basis of entity property—Sec. 754 election• Distribution of “HOT” assets—Sec. 751• Payments to a retiring partner or member—Sec. 736• How the net investment income tax affects partnerships—Sec. 1411• Current developments—court cases and IRS rulings

COURSE ACRONYM

PTAI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Partnership Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

111

Partnership/S Corporation Basis and Distribution Issues (PSBD) 8-Hour Program

WHY ATTEND THIS COURSE?Basis is a fundamentally important issue when dealing with passthrough entities, as it impacts the equity holder’s ability to deduct losses and/or receive distributions without a negative tax impact. As well, distributions from the different types of passthrough entities are subject to differences in treatment that can have a major impact on the tax liability of the client. This course will look at the rules on calculating basis, limitations on loss deductions (including at-risk rules), and the treatment of distributions.

DESIGNED FOR...CPAs who advise clients holding interests in passthrough entities and the passthrough entities themselves.

OBJECTIVEParticipants will be able to:

• Understand inside and outside basis and gain/loss issues on formation• Perform calculation of basis based on annual activities of the passthrough entities• Understand how to structure distributions to avoid unpleasant surprise tax liabilities

MAJOR SUBJECTS• Formation of a new S corporation and contribution of assets in §351 tax free transactions• Issuance of partnership interests in exchange for property in tax free manner under §721• Treatment of issuance of a partnership interest for services• Allocation of debt to partners in a partnership, including deemed distribution provisions• Special partnership basis rules, including required allocations for contributed assets • Under §704(c) and elective adjustments when a §754 election is in place• Treatment of partnership and S corporation distributions• At risk rules and their limits on losses

COURSE ACRONYM

PSBD

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Partnership & S Corp Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

112

Pass Through Entities: Advanced Tax Issues (PTEA) 8-Hour Program

WHY ATTEND THIS COURSE?This program is a fast paced double header, designed for the CPA who is well grounded in the basics of Subchapter K and Subchapter S, and who wants to learn how to deal with some of the more complex issues these two pass-through entities often present.

PARTNERSHIPS and LLCs: This part of the program builds on the basic understanding of partnership tax law and prepares participants to handle complex partnership transactions.

S CORPORATIONS: This part of the program answers the difficult “Sub S” questions and clarifies how S corporations and partnerships are very different.

DESIGNED FOR...CPAs who advise clients on pass-through entity transactions and tax compliance. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Recognize tax traps unique to pass-through entities• Understand differences between partnerships, LLCs, and S corporations• Deal with common ownership changes• Plan for unique S corporation and/or partnership and LLC transactions• Apply rules properly when reporting income and other items to owners• Properly account for tax adjustments• Determine reasonable compensation and guaranteed payments for SE or FICA tax

MAJOR SUBJECTS• Contributions of property in exchange for ownership interest• Liabilities and their effect on owners’ basis• Back-to-back loan regulations• “Open Account Debt” regulations• Mergers, split-ups, and liquidations• Owners’ distributive share—special allocations• Built-in gain—how to calculate and plan for it• Excess passive investment income—what it is and isn’t• Optional adjustments to the basis of entity property—Sec. 754 election• Distributions and payments to a retiring owner• Impact of the net investment income tax on partnerships and S corporations• Current developments—new laws, cases, and rulings

COURSE ACRONYM

PTEA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Partnership Taxation and S Corporation

Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

113

Preparing Form 1041: Understanding the Basics (PF41) 8-Hour Program

WHY ATTEND THIS COURSE?Properly filing income tax returns for trusts and estates involves a complete understanding of Form 1041 and the underlying law that governs the reporting of the trust or estate’s activities. This program is meant to introduce accountants who are comfortable with income taxation of individuals to the issues that arise when performing tax compliance engagements for trusts and estates. The course book, following Form 1041 and related schedules, will present a practical guide to dealing with engagements to prepare trust and estate income tax returns, as well as serve as the core knowledge for CPAs looking to then move on to planning in the trust and estate income tax arena.

DESIGNED FOR...Accountants who prepare Form 1041. May also be suitable for accountants in public practice or income tax function of trust companies.

OBJECTIVEParticipants will be able to:

• Understand the importance of the governing documents in preparing the tax return• Know the classifications the tax law assigns to various types of trust, and how to recognize the

proper type for Form 1041• Compute distributable net income (DNI) and know why it matters• Understand how the net investment income tax affects trusts and estates and how to report it• Determine the amounts to report on beneficiaries’ K1s

MAJOR SUBJECTS• Preparing Form 1041 Page 1 to report income and deductions• Computing the income distribution deduction on Schedule B• Computing the allowable charitable contribution deduction on Schedule A• Computing the fiduciary income tax on Schedule G• Computing the trust/estate’s net investment income tax on Form 8960• Preparing K1s• Other trust issues

COURSE ACRONYM

PF41

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Estate and Trust Income Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

114

Preparing Form 1065: Understanding the Basics (PF65) 8-Hour Program

WHY ATTEND THIS COURSE?Partnership taxation is arguably the most complex area of tax that most CPAs will deal with, and that complexity carries over to preparing the Form 1065. This course, designed for CPAs who are comfortable with the basics of individual and business income taxation, will look at applying the various provisions that must be considered when preparing a partnership’s Form 1065. The CPA will gain a base of knowledge to allow him to properly prepare those 1065s for which he is engaged to perform the compliance services, and enable the CPA to then be ready to add to that knowledge with more advanced training to enable him to assist clients in planning engagements regarding partnerships.

DESIGNED FOR...Accountants who prepare, or will be preparing, Forms 1065. May also be suitable for accountants in public practice or controllers of S corporations.

OBJECTIVEParticipants will be able to:

• The importance of understanding the partnership or operating agreement and its impact on preparing a proper Form 1065

• Separating items to be reported on Page 1 from those reported elsewhere on the Form 1065• Computing and reporting the proper allocation of income/expense items on partners’ K1s• Reporting the proper allocation of partners’ share of debt items on Schedule K-1 and why this

computation is so crucial• Be able to determine if the partnership must file Schedule M-3 in lieu of Schedule M-1

MAJOR SUBJECTS• What the accountant needs to know before preparing Form 1065 for a partnership• Preparing Form 1065 Page 1—trade or business income• Preparing Form 8825—rental income and expenses• Preparing Schedule K—partners’ distributive share items• Computing the allocation of items and preparing partners’ Schedule K-1• Preparing Schedule L and analysis of net income (loss)• Preparing the Schedules M—M-1, M-2, M-3• Dealing with the information questions on Schedule B• Other partnership matters

COURSE ACRONYM

PF65

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Partnership Income Taxes

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

115

Preparing Form 1120S: Understanding the Basics (PF0S) 8-Hour Program

WHY ATTEND THIS COURSE?The most popular entity type for “for profit” organizations is the S corporation. This course looks at the issues that arise in the preparation of Form 1120S for an S corporation from the perspective of an accountant who is comfortable with basic business taxation provisions and is preparing the tax return for an S corporation. The course will also provide the core knowledge needed for the CPA to be ready to expand her knowledge to assist clients in tax planning that may involve S corporations.

DESIGNED FOR...Accountants who prepare or will be preparing Forms 1120S. May also be suitable for accountants in public practice or controllers of partnerships.

OBJECTIVEParticipants will be able to:

• Understand the importance of documenting stock rights and obligations• Distinguish S status election options, including late election relief• Separate items to be reported on Page 1 from those reported elsewhere on the Form 1120S• Understand the taxes that may apply to the S corporation itself and how to compute them• Compute and report the proper pro-rata share of corporate items on shareholders’ K1s• Determine if the corporation must file Schedule M-3 in lieu of Schedule M-1• Compute an S corporation’s accumulated adjustment account to report on Schedule M-2 and

understand the uses of the AAA account

MAJOR SUBJECTS• What the accountant needs to know before preparing Form 1120S for the corporation• Preparing Form 1120S Page 1—income and expense from a trade or business• Preparing Form 1120S Page 1—taxes that may apply to the S corporation• Preparing Form 8825—reporting rental income and expenses• Preparing Schedules K and K-1—shareholders pro rata items• Preparing Schedule L• Preparing the M Schedules—M-1, M-2, M-3• Preparing Schedule B and other S corporation issues

COURSE ACRONYM

PF0S

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

S Corporation Income Taxes

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

116

Preparing Complex 1040s (PCR) 8-Hour Program

WHY ATTEND THIS COURSE?For many clients, tax simplification is only an empty promise from politicians. This program is designed for the accountant who is ready to handle the most complex individual client’s income tax preparation.

DESIGNED FOR...Practitioners with experience preparing 1040s. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Solve complex 1040 problems• Design proper presentation strategies• Use appropriate disclosures to avoid penalties• Anticipate and create opportunities for tax reduction

MAJOR SUBJECTS• All new tax legislation• Dealing with the net investment income tax and related add-on Medicare tax• Passive losses: tracking, triggering, and grouping activities in order to reduce passive income• Losses limited by lack of at-risk basis• Calculation of NOLs for regular tax and AMT• Computing carryback benefits and the option of foregoing a carryback• Alternative Minimum Taxation• Tax Deferred Exchanges under §1031

COURSE ACRONYM

PCR

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Individual Income Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

117

Real Estate Partnerships: Get In, Get Out, Get Taxed (REPG) 8-Hour Program

WHY ATTEND THIS COURSE?Taxation specific to the real estate industry is replete with special tax laws that are complex and associated with the real estate industry. The current tax laws and regulations may determine the profitability when acquiring and disposing of real property. Special tax laws have been promulgated to mitigate the tax burdens, which in turn may determine returns on investment in real property. The partnership entity is the most commonly used form of ownership when acquiring or constructing real property. The seminar explores how partnership taxation applies in many areas of the real estate industry.

DESIGNED FOR...CPAs in public practice or industry that practice in the real estate industry.

OBJECTIVEParticipants will be able to:

• Plan and comply with taxation provisions affecting partnerships ,LLCs, and corporations• Recognize opportunities to mitigate tax burdens• Work with clients and associates to structure real estate deals providing a favorable tax status• Effectuate a successful Section 1031 Tax Deferred Exchange• Understand the tax treatment of cancellation of indebtedness issues• Execute strategies for exiting partners

MAJOR SUBJECTS• Disposition of real property, including Section 1031 exchanges, contributions of real property,

and involuntary conversions• The tax implications of abandonment of a partnership interest and deduction for a worthless

partnership interest• Recourse and nonrecourse debt allocations• Cancellation of indebtedness tax issues, covering Section 108 ,including insolvency and

bankruptcy relief provisions• Dealer versus investor substance issues and tax effects• Valuation of real estate partnership interests for estate planning and gains on disposition of a

partnership interest• Tax treatment of lease acquisition and cancellation costs• The complexities of Section 467 lease arrangements• Passive activity, tax basis, and at-risk basis limitations• Planning techniques to reduce taxes upon disposition of real property

COURSE ACRONYM

REPG

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Special Tax Matters

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

118

Red Flag Issues: Areas the IRS Attacks in Examination (RFI) 8-Hour Program

WHY ATTEND THIS COURSE?Based on recent areas of IRS activity, this course will look at various topics that have been problematic for taxpayers or where the IRS has indicated a special interest. This course will detail cases and rulings that outline areas of conflict, emphasizing the key areas of IRS attack on taxpayer positions. This course will outline how the CPA can counsel clients in these areas to strengthen the taxpayers’ case in the event of examination.

DESIGNED FOR...CPAs who advise clients on tax return positions and those who represent clients in IRS examinations. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand issues that trigger IRS scrutiny of the taxpayer’s positions on returns• Learn how to educate clients on the items needed to sustain their positions if their returns are

examined• Advise clients with regard to positions on returns that are more likely to lead to IRS scrutiny• Effectively represent clients in IRS examinations and advocate for the taxpayer’s positions and

interests

MAJOR SUBJECTS• S Corporation reasonable compensation matters/LLC self-employment tax matters• Passive activities, including real estate professional status• Travel, entertainment, and automotive required documentation issues under §274(d)• Charitable contribution documentation requirements and deficiencies• Retirement plan rollovers to IRAs used to purchase operating businesses• Alimony and unclear divorce documentation• Taxpayer penalties imposed on tax assessments• Other recent hot button IRS issues based on cases and rulings• Examination procedures, including the 30-day and 90-day letters

COURSE ACRONYM

RFI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

119

S Corporations: Advanced Issues (SCAI) 8-Hour Program

WHY ATTEND THIS COURSE?From advising the client as to the appropriateness of an S election, to proper preparation of the Form 1120S and Schedule K-1, to liquidation of the S corporation, this program provides thorough coverage of Subchapter S. Related code sections, regulations, rulings, and court decisions are included and/or cited and explained. The program covers all the special knowledge needed to serve the S corporation client and its owners, including comprehensive coverage of any tax law changes and their planning implications.

DESIGNED FOR...CPAs with supervisory and tax planning responsibility who work with S corporations. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Recognize when an S election is the best tax plan• Use trusts, non-voting shares, and other planning tools to reduce taxes• Establish and defend reasonable compensation for S corporation shareholder/employees• Minimize income subject to the 3.8% Medicare Tax• Account for S corporation revocations and terminations• Reconcile AAA and shareholder basis• Coordinate tax planning for the S corporation and owners• Eliminate federal income tax with ESOP ownership

MAJOR SUBJECTS• S corp versus partnership or LLC—how many differences remain?• Making the election• Determination of reasonable compensation• Built-in gain, excess net passive investment income, and LIFO recapture• Shareholder basis, AAA, OA, and retained earnings• Coordination with Subchapter C• Redemptions of stock• Short tax periods• S shareholding trusts• Estate planning for S corporation shareholders• Application of the net investment income tax to S corporations• Current S corporation cases and rulings

COURSE ACRONYM

SCAI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

S Corporations

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

120

Social Security Benefits: Advising Clients (SSB) 8-Hour Program

WHY ATTEND THIS COURSE?This program will prepare accountants for client questions regarding Social Security, including advanced planning strategies. A 35-year veteran of the Social Security Administration will teach participants how to help their clients develop a plan to maximize Social Security benefits. This program not only increases an accountant’s value to baby boomer clients, but it instills confidence that the accountant can be proactive in helping clients make these very important decisions.

DESIGNED FOR...CPAs in public practice or industry who advise clients and employees about retirement.

OBJECTIVEParticipants will be able to:

• Recognize opportunities to increase Social Security benefits• Use information in the annual statement• Calculate taxable benefits and delayed retirement credits• Advise clients regarding the earnings test• Advise retiring clients concerning benefits• Calculate and explain the effect of work for earnings not covered by Social Security

(WEP & GPO)• Anticipate and create opportunities to maximize benefits• Advise clients when to file for Medicare• Represent clients in Social Security matters

MAJOR SUBJECTS• Developing issues regarding Social Security• Retirement versus disability• Annual statement• Benefits calculation• Taking benefits early versus later• Taxation of benefits • Strategies for single individuals, survivors, and couples• Spousal and survivors benefits• Medicare benefits• Windfall Elimination Provision and Government Pension Offset

COURSE ACRONYM

SSB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Specialized

Knowledge and Applications

Social Security Benefits

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour)

121

Streamlined Tax Staff Training – Business (STSB) 8-Hour Program

WHY ATTEND THIS COURSE?From books to tax returns…that’s the mission. But, how do you get started? How can you identify and keep track of different reporting for different types of entities? How different is Form 1065 from Form 1120S? Those questions and many more will be answered in this information-packed program.

DESIGNED FOR...Tax staff making the move up from preparing individual Forms 1040 to preparing business income tax returns.

OBJECTIVEParticipants will be able to:

• Identify differences in how information is presented in income tax returns of various business entities

• Prepare and post tax and closing entries • Efficiently prepare Forms 1065, 1120S, and 1120 • Prepare various common supporting forms, such as Form 4797 reporting sales of property • Recognize tax planning concepts and develop efficient tax research techniques

MAJOR SUBJECTS• Preparation of business income tax returns from client-maintained records • Accounts that must be analyzed for proper tax reporting • Critical disclosures that may be required in business returns • How information is reported differently in Forms 1065, 1120, and 1120S

COURSE ACRONYM

STSB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

122

Streamlined Tax Staff Training – Complex Return Issues (STCR) 8-Hour Program

WHY ATTEND THIS COURSE?The computer can do the calculations, but some analysis and exercise of trained judgment is required as well. This fast-paced program offers “next step” training for accountants who are ready to tackle complex individual tax return issues. It is entirely focused on problem solving and application of the tax law’s complex reporting requirements. Program materials include valuable check lists and quick reference guides to enhance efficiency and save valuable time.

DESIGNED FOR...Accountants who will be working on individual income tax returns that involve common reporting complexities. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Solve tax basis problems with mutual fund redemptions and sales • Calculate and report AMT adjustments and preferences • Compute an individual NOL and related carryback claim • Identify and report tax matters associated with divorce and dependent children • Claim “Real Estate Professional” status and make election to aggregate rental activities • Report and claim investment interest • Properly classify “passive activities” • Calculate and report income subject to the new “Medicare Tax” or the “Hospital Tax” • Take full advantage of Schedule C deductions

MAJOR SUBJECTS• Self-employment issues: retirement plan contributions, health insurance, self-rental• Passive loss issues• Calculation of individual NOL• AMT carryforwards, carrybacks, and AMT credit• Alimony, child support, property settlements• 1031 exchanges• Contribution of tangible property

COURSE ACRONYM

STCR

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Basic knowledge

of tax return preparation

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

123

Streamlined Tax Staff Training – Individual (STSI) 8-Hour Program

WHY ATTEND THIS COURSE?Essential knowledge for the new income tax return preparer presented in an information-packed day of practical instruction. Return preparation techniques are illustrated using real practice situations culled from hundreds of “tax organizers” and thousands of client questions. This program is a great jump start for the career of the new accountant.

DESIGNED FOR...New tax staff members who need orientation to individual tax return preparation issues.

OBJECTIVEParticipants will be able to:

• Identify tax Issues and when to ask for help • Interpret client information: real estate closing statements, Forms 1099R, Forms 1099 from

mutual funds, and Forms 1099B from brokers to properly classify and report transactions • Analyze supporting documents for tax information • Prepare Forms 1040, 4562, 4797, 6251, and others, efficiently (with or without a computer) • Use IRS publications and information at www.irs.gov to answer tax questions efficiently • Be a productive member of the tax-team, communicating clearly with a return reviewer

MAJOR SUBJECTS• Identifying, summarizing and classifying income and deductible expenses • Depreciation, cost recovery, and recapture • Passive losses • Interest tracing • Trade or business expenses • Capital gains and losses • Alternative minimum taxation • Procedures to minimize errors and simplify review • Finding answers to tax questions quickly and correctly

COURSE ACRONYM

STSI

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

124

Streamlined Tax Staff Training - Tax Research and Quality Control Issues (STRQ) 8-Hour Program

WHY ATTEND THIS COURSE?Contemporary tax practice is about more than putting numbers in little boxes. Persons in senior positions in a tax preparation function must know both how to find correct answers and why it’s important to do so. This program offers advanced level training for both. Efficient and effective tax research methods and an understanding of what constitutes “substantial authority” come first, along with an explanation of how to find and evaluate various sources. After that, we move onto the why. Treasury regulations, AICPA professional standards, and preparer penalties in the Internal Revenue Code demand that accountants employ “due diligence” in their tax practice. Anything less exposes them to censure, monetary penalties, and possible loss of privilege or credential.

DESIGNED FOR...Accountants moving up to reviewing income tax returns, answering questions about income tax issues, and taking responsibility for the quality of returns and related tax advice.

OBJECTIVEParticipants will be able to:

• Apply efficient review techniques to income tax returns of all types• Identify key issues in research projects and answer tax questions• Employ quality control principles required by Treasury Circular 230 and AICPA Statements of

Standards for Tax Services• Communicate the results of their work efficiently and effectively

MAJOR SUBJECTS• Recognizing the tax questions in a client’s business plans• Managing the process of return review and responding to questions from preparers• Finding answers to tax questions• Documenting tax research• Ethical and quality control standards

COURSE ACRONYM

STRQ

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Basic knowledge of income tax returns preparation and tax

research

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

125

Tax Aspects of Bankruptcy: All Need Not Be Lost (TAOB) 8-Hour Program

WHY ATTEND THIS COURSE?When a business enterprise falls on hard times, the CPA’s knowledge of both tax law and bankruptcy law will be important. Learn how Title 11, US Code (Bankruptcy) interacts with Title 26 (Income Tax). This program includes recent changes to both bankruptcy law and tax law that affect the insolvent taxpayer. Learn how to determine which bankruptcy provisions apply to common situations; the CPA’s role in bankruptcy accounting and tax planning; common tax issues arising before, during, and after bankruptcy; cancellation of indebtedness issues; and options available for reorganizing the troubled enterprise.

DESIGNED FOR...Experienced tax practitioners who will be advising clients in financial restructuring, or reorganization in bankruptcy, and those who want to expand their services in this specialized area of tax planning and compliance.

OBJECTIVEParticipants will be able to:

• Calculate insolvency for federal income tax purposes• Explain how bankruptcy works• Assist clients to select the appropriate bankruptcy option• Properly account for debt forgiveness income and reduction of tax attributes• Provide tax planning for bankruptcy and insolvency• Provide tax compliance for the insolvent business enterprise• Recognize and deal with issues that failing businesses commonly face• Work with attorneys and bankruptcy courts to provide accounting services to insolvent

taxpayers

MAJOR SUBJECTS• Different types of bankruptcy: Chapter 11, Chapter 7, Chapter 13• Who qualifies for bankruptcy• What property is exempt from claims of creditors• What special tax rules apply to the insolvent taxpayer• Tax elections only available to insolvent taxpayers• Proper reporting of information on Forms 1099-A and 1099-C• What debts cannot be discharged• The CPA’s role in bankruptcy

COURSE ACRONYM

TAOB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES Basic experience in

financial restructuring bankruptcy

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

126

Tax Exempt Organizations: Advanced Planning and Compliance For Tax Matters (TEOA) 8-Hour Program

WHY ATTEND THIS COURSE?Tax exempt organizations are subject to a variety of complex tax rules and can be exposed to penalties if their everyday operations are not carefully monitored. The IRS is expanding audit coverage of all types of exempt organizations, concentrating on “governance” issues. This program addresses, from a transaction planning and compliance perspective, the major tax issues exempt organizations face.

DESIGNED FOR...CPAs with planning and compliance responsibility for tax exempt organizations. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Advise exempt organizations on a wide range of tax issues, including: – unrelated business income – executive compensation – fringe benefits – unrelated debt financed income – the tax treatment of special events

• Advise clients regarding lobbying expenditures• Explain the intermediate sanction rules to organization managers• Address issues faced by social clubs• Deal with current IRS audit issues

MAJOR SUBJECTS• Common tax issues in exempt organizations• Lobbying expenses (including Section 501(h) election)• Intermediate sanctions• Relationships with controlled subsidiaries• Tax issues relating to publications and advertising revenue• Unrelated debt financed income—advanced issues• Social clubs—special problems• Other exempt organizations• Case studies/recent developments in federal taxation relating to exempt organizations• Report on IRS audit initiatives directed at exempt organizations

COURSE ACRONYM

TEOA

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Advanced

PREREQUISITES Basic knowledge for planning &

compliance for tax exempt organizations

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Tax-Exempt Organizations

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

127

Tax Exempt Organizations: Basic Operating Issues and Preparation of Form 990 (TEOB) 8-Hour Program

WHY ATTEND THIS COURSE?For tax exempt organizations, it is not about calculating income tax. It is about showing to the IRS at inception and annually that the organization is entitled to be classified as a tax exempt organization because of its purpose, management, and activities. Exempt organizations have unique tax rules and special forms. The IRS is especially sensitive to abuses of exempt status. From fundamentals needed to obtain exemption and to prepare Form 990, this program teaches what the informed CPA in public practice and inside a tax exempt organization must know.

DESIGNED FOR...CPAs having any involvement with tax-exempt organizations and preparation of Forms 1023, 1024, and 990. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand special filing requirements of exempt entities• Distinguish between charitable and other not-for-profit entities• Recognize unrelated business income• Prepare Form 1023 or 1024 and related schedules• Prepare Form 990 and related schedules• Be aware of traps and pitfalls that can lead to penalties or loss of exempt status

MAJOR SUBJECTS• What is an exempt organization?• Special status of charitable organizations• When and how to apply for exempt status• Which organizations are required to file a Form 990?• Unrelated business taxable income—the fundamentals• Statutory exclusions under IRC Secs 512, 513, and 514• In-depth analysis of Form 990, Form 990EZ, and public disclosure requirements• Fund raising disclosure requirements of non-charitable exempt organizations• IRS’ expectation for management of the organization• Introductions to private inurement and intermediate sanctions

COURSE ACRONYM

TEOB

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Tax-Exempt Organizations

RECOMMENDED CPE CREDIT

8 Hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (8-Hour)

128

Tax Research: Sources, Methods, and Documentation (TRSM) 8-Hour Program

WHY ATTEND THIS COURSE?Exactly how do you decide that a tax return position is “more likely than not” to be sustained when examined? If “substantial authority” is what you need to support a return position, how do you determine that? What is the value of proposed regulations? What authority are IRS return instructions? Which court decision is the strongest authority? Will a 2004 private ruling be “substantial authority” for a 2008 return position? Will your opinion, when issued, meet the requirements of Circular 230, Section 10.37? When should return positions be disclosed on Form 8275, or Form 8886? Answers to these questions, and 100 more questions about tax research procedures and authority, will be answered in this program.

DESIGNED FOR...CPAs who want to improve their tax research and documentation skills. May also be suitable for public practice.

OBJECTIVEParticipants will be able to:

• Understand common tax terminology• Locate and evaluate relevant authority on federal tax matters for application of reliance

standards in Sec. 6694, FIN 48, and section 10.34 of circular 230• Comply with professional standards relating to documenting information on which your tax

research and resulting opinions are based• Confirm conclusions by cross referencing code and regs to commentaries, and vice versa• Clearly communicate results of your research in good form• Recognize abusive tax transactions and avoid penalties

MAJOR SUBJECTS• Relative weight of authorities• Use of commonly available reference materials• Relationship of various types of authority• Frequently overlooked authority• Evaluation of “more likely than not” tax return positions versus “substantial authority” and/or

“reasonable basis”• IRC Sec. 6662 reliance standards and penalties• Convenient format for summary of research results• Treasury Circular 230, paragraphs 10.33, 10.34, 10.35, and 10.37• Electronic research options and tools

COURSE ACRONYM

TRSM

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Basic

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Tax Research

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour)

129

Tax Update for Financial Executives (TUFE) 8-Hour Program

WHY ATTEND THIS COURSE?This program presents, in non-technical terms, a comprehensive review of new tax developments most likely to affect the CPA who is not in public practice, but has tax related responsibilities in her employment. Participants learn how current issues affect their industry and their operations. This program is specially prepared and presented for the person who is not a tax specialist. Any new tax law is always included.

NOTE: This course is available as an 8-hour and 4-hour program:

DESIGNED FOR...CPAs in public accounting and industry who advise issuers of financial statements about significant accounting and auditing issues.

OBJECTIVEParticipants will be able to:

• Maintain tax knowledge and awareness of tax changes that affect common business operations and individuals who own them

• Establish practical approaches required to comply with changes in tax law• Identify IRS audit issues• Avoid costly misunderstandings of tax law by learning from others’ mistakes

MAJOR SUBJECTS• Recent tax law changes• Court decisions of general interest and applicability• How to comply with changing tax rules• IRS regulations, rulings, notices, and audit initiatives, including “Repair Regulations”• Sample compliance documents• Quality control in the tax function—your responsibility as a CPA

COURSE ACRONYM

TUFE

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Update

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

General Taxation

RECOMMENDED CPE CREDIT

8 hours

Nichols Patrick CPE Programs (8-Hour) Nichols Patrick CPE Programs (4-Hour)

130 Nichols Patrick CPE Programs (4-Hour)

Alternative Minimum Tax (AMT) 4-Hour Program

WHY ATTEND THIS COURSE?Tax law will be different in 2017, but we don’t know how different. One thing is certain—the Alternative Minimum Tax (AMT) will not be totally repealed. This program offers practical problem solving and planning techniques for working with AMT and the related Minimum Tax Credit. Temporary extensions of an array of exemptions and selected credits require that we stay up-to-date on recent developments in this complex area of tax law. The prospect of “AMT reform” makes this program an important learning opportunity for all tax practitioners. Emphasis is on planning and presentation, and attention is given to transactions where most professional software is deficient.

DESIGNED FOR...CPAs in public practice or industry who deal with AMT planning and compliance.

OBJECTIVEParticipants will be able to:

• Plan for and comply with alternative minimum tax provisions affecting individuals and corporations

• Recognize opportunities to reduce AMT• Calculate preferences, adjustments, and AMT NOLs• Determine how the computer generated those numbers• Hone strategic thinking skills• Plan for scheduled AMT changes

MAJOR SUBJECTS• Any modifications made to the AMT becoming effective in late 2015 or early 2016• Various deductions and credits specifically allowed for AMT purposes by law• Adjustments and preferences• Interaction with interest limitation and passive loss rules• Calculation of Adjusted Current Earnings (ACE)• Record-keeping for future effect of adjustments• Latest developments and audit targets• Planning techniques to reduce the impact of AMT

COURSE ACRONYM

AMT

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES Basic knowledge of

income taxation

ADVANCE PREPARATION

None

FIELD OF STUDY Taxes

Special Tax Matters

RECOMMENDED CPE CREDIT

4 Hours

131

STATE Accounting Ethics with Emphasis on Tax Practice Issues (_ST_)ET 4-Hour Program

WHY ATTEND THIS COURSE?CPAs in tax practice face unique issues when applying the Arizona state accountancy law and regulations and the AICPA Code of Professional Conduct. This program is meant to take the tax practitioner through governing state law, state board regulations, and the AICPA Code of Conduct, pointing out those areas that create issues in tax practice. This program helps you meet the “best practices” standard, other ethical standards, and regulatory requirements. It will also include discussion of privileged communication and various penalties that apply to tax practitioners.

DESIGNED FOR...CPAs in public practice.

OBJECTIVEParticipants will be able to:

• Apply state accountancy laws and regulations to a tax practice• Consider the implication of Circular 230 as it is referenced under Arizona state rules and its

interaction with Arizona law, rules, and the AICPA standards• Avoid unnecessary exposure to penalties and malpractice claims in your tax practice

MAJOR SUBJECTS• Final Circular 230 rules for CPAs who prepare returns or provide tax opinions• State law governing the practice of accounting• State Board of Accountancy rules• AICPA Code of Professional Conduct• AICPA Statements on Standards for Tax Services• Preparer penalties• Professional Liability in Tax Practice• Current practice and ethics issues

COURSE ACRONYM

(_ST_)ET

PRESENTATION METHOD Group-live

LEVEL OF KNOWLEDGE

Intermediate

PREREQUISITES None

ADVANCE PREPARATION

None

FIELD OF STUDY Regulatory Ethics

Ethics in Tax Practice

RECOMMENDED CPE CREDIT

4 Hours

Nichols Patrick CPE Programs (4-Hour)

132

OUR PEOPLE

132

133

LOSCALZO’S MANAGEMENTOur Team

Stacey Painter, CPA Director

732.945.0779 | [email protected]

Kenneth Heaslip, MS, MBA, CPA Director of Operations

732.945.0780 | [email protected]

Desiree Smith Administrative Director, State Societies

732.945.0774 | [email protected]

Helene Gomes Scheduling Coordinator, State Societies

732.945.0773 | [email protected]

AnnMarie Meyer In-House Coordinator

732.945.0777 | [email protected]

Maddalena Nava Production Specialist

732.945.0778 | [email protected]

Valeriya Reis Staff Accountant

732.945.0775 | [email protected]

Teresa Viana Production Specialist

732.945.0772 | [email protected]

Pamela Bartoshek Office Administrator

Nichols Patrick CPE, Inc.

330.534.1100 | [email protected]

Our People

134

DISCUSSION LEADERS

Group Practice Leaders

Kenneth Heaslip, MS, MBA, CPA, CGMA — Ethics

Rebecca M. Lee, CPA, CGMA — Accounting and Auditing

James J. Newhard, CPA — Private Company Issues

Marci S. Thomas, CPA, MHA — Not-for-Profit

Discussion Leaders

Allen L. Fetterman, CPA

John M. Fleming, CPA, MBA

Cathy Fyock, CSP, SPHR

Peter Goldmann, MSc., CFE

Bonnie Kennedy, CPA

Joseph E. Manfré, CPA

Mark Mishler, CPA, CMA

Stacey Painter, CPA

Deborah Rose, CPA

Howard Sibelman, CPA, MBT

Barry E. Smith, CPA

Stanley Wirtheim, CPA

Christa Yantis, CPA

Our People

135

Allen L. Fetterman, CPA

Allen L. Fetterman, CPA, licensed as a CPA in New York, has been a discussion leader for Loscalzo Associates Ltd., for 12 years.

Allen retired in 2003 from Loeb & Troper, where he spent 36 years serving not-for-profit organizations as an auditor and consultant, and the last 25 years as a partner. In addition to his client responsibilities, he was the partner in charge of the firm’s quality control and technical resources.

Allen lectures extensively throughout the country on not-for-profit accounting, auditing, single audits, tax-exempt issues, and governance. Allen was an assistant professor of accounting at a college and has been a guest lecturer at Yale University and New York University. He is a past recipient of both the AICPA’s and FAE’s Outstanding Discussion Leader Award. He has written articles published in national accounting periodicals in the United States and Israel on accounting and taxes for not-for-profit organizations.

Allen has served on the AICPA’s Not-for-Profit Organizations Committee, Not-for-Profit Audit and Accounting Guide Task Force and Joint Trial Board. He has chaired the New York State Society of CPAs Not-for-Profit Organizations, Professional Ethics, Audit, and Quality Controls Committees and the AICPA Joint Trial Board. He also served as Vice President of New York State Society of CPAs. Allen has served on the governing boards of not-for-profit organizations, including positions as President, Treasurer and Chair of the Audit Committee and the Finance Committee.

Allen received his BBA in accounting from The City College of New York in 1968 and his MBA in accounting from the Bernard M. Baruch College in 1972. He was elected to Beta Gamma Sigma, the national honorary society in business. He received his CPA certificate in 1973, and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

TEACHES THE FOLLOWING:

Compliance Auditing from Start to Finish (CAS)

Compliance Auditing: Questions from the Field (CAQ)

Essentials of Nonprofit Auditing (ENA)

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP)

Nonprofit Industry Update and GAAP Refresher (NIU)

Our People

136

John M. Fleming, CPA, MBA

John M. Fleming, CPA, MBA, licensed as a CPA in Pennsylvania, is currently the Director, Content Development, for SmartPros LTD., a division of Kaplan Professional Education. SmartPros is an international educational and training company specializing in accounting, finance, and ethics educational programs. John previously served as President and Director of Accounting and Auditing for Loscalzo Associates, a division of SmartPros, for 28 years. John retired as President of Loscalzo Associates on January 1, 2014.

John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) and currently serves as a member of the Institute’s Accounting and Auditing Technical Committee. In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession, and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Compilation and Review Practice Guide (CRP)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure − The Key To Financial Statements (DKFS)

FAQ – Accounting and Auditing (FAQAA)

Professional Ethics for CPAs (ETHICS)

Risk-Based Audit Standards: Effective Utilization (RBA)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

Our People

137

Cathy Fyock, CSP, SPHR

Cathy Fyock, CSP, SPHR, SHRM-SCP, is The Business Book Strategist and works with professionals who want to write a book as a business or career development tool. She is the author of seven books, including—On Your Mark: From First Word to First Draft in Six Weeks, and her newest, Hallelujah! An Anthem for Purposeful Work.

Before her new business launch in 2014, Cathy was an employment strategist with several business and HR consulting firms, and also led her own company—Innovative Management Concepts—for more than 20 years.

Cathy combines her talents as a speaker and her knowledge of business issues to provide innovative and inspirational learning events. She has served on faculty for the Society for Human Resource Management for their national seminar programs, and has provided keynotes and workshops for hundreds of clients. She also works with organizations who want to develop strategic initiatives to support organizational cultures that foster engagement and loyalty.

Cathy is the Immediate Past Chair for KY SHRM. She has received the Certified Speaking Professional (CSP) designation from the National Speakers Association, and is life-time certified as a Senior Professional in Human Resources (SPHR). She is recently certified as SHRM-SCP.

Cathy has her undergraduate degree from Western KY University, and her master’s in human resources from the University of Louisville, where she taught HR.

TEACHES THE FOLLOWING:

Business Communication (BC)

Our People

138

Peter Goldmann, MSc., CFE

Peter Goldmann is President of FraudAware LLC, the publisher of White-Collar Crime Fighter, a widely read bi-monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers, and fraud investigators. The newsletter is in its 15th year of publication under Peter’s leadership.

Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons. The book is an in-depth account of the role that fraud played in bringing about the financial crisis of 2008. Peter is also the author of four other anti-fraud books covering accounts payable fraud, accounts receivable fraud, as well as two workbooks on fraud risk and control, also published by Wiley.

Peter also developed FraudAware, the leading fraud awareness training program. A user-friendly learning tool, FraudAware uses seminar, webinar, and e-Learning formats to train employees and managers at all levels in how to detect, prevent, and report incidents of fraud or suspicious conduct. FraudAware courses, which are customized for individual corporate, non-profit, and government agency clients, reinforces organizations’ whistleblowing programs by enabling employees to detect fraudulent activity that can then be reported to supervisors or managers, or by using the organization’s confidential hotline, in accordance with established policy.

In addition, Peter has conducted numerous on-site fraud detection and prevention workshops for internal auditors, attorneys, HR executives, and compliance officers at Fortune 500 companies, including Siemens Corp., Marriott International, Sony Denny’s Corp., as well as large not-for-profit organizations. He has also been a guest lecturer for college accounting and auditing courses.

Peter has 25 years of experience as a business journalist and trainer, having launched, edited, and published numerous business trade periodicals covering small business, international trade, management strategy, banking, and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE), as well as the IOFM Controller Certification Advisory Board.

He has been a columnist for the ACFE’s newsletter, The Fraud Examiner, and is a frequent contributor to other leading industry publications on anti-fraud topics. He h as appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times, and Internal Auditor magazine.

Peter holds a bachelor’s degree from the University of Michigan and a master’s from the London School of Economics. He can be reached at [email protected].

TEACHES THE FOLLOWING:

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

Our People

139

Kenneth Heaslip, MS, MBA, CPA, CGMA

Kenneth Heaslip, MS, MBA, CPA, CGMA, licensed as a CPA in New Jersey, is a discussion leader and Content Specialist Instructor for Loscalzo Associates Ltd., a division of SmartPros, a Kaplan company. Kenn has extensive experience teaching all levels of accounting, auditing, and other practice-related areas. He has served as Vice President and Trustee of the New Jersey Society of CPAs, Secretary of their Scholarship Fund, President of the Essex Chapter, and chair of several task forces. He is an active member of many society committees in accounting and auditing, taxation, and student programs, as well as past chair of the Educators Committee. Kenn currently serves on the NJCPA Professional Conduct Committee. He is a Director at Leaf, Miele, Manganelli, Fortunato & Engel LLP, a regional CPA firm in New Jersey and New York City.

Kenn has been a Professor of Accounting at Bloomfield College and Kean University, as well as an Executive in Residence at Seton Hall University, where he was the students’ choice as Educator of the Year two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since 1983, serving as National Director for several years. As National Director, he was lead editor of course content and oversaw the hiring and training of 350 instructors on staff. Kenn has lectured extensively throughout the United States, Canada, and Asia.

Kenn earned his BA from Rutgers University and has an MS in taxation and MBA in finance from Seton Hall University.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Compilation and Review Practice Guide (CPR)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure − The Key To Financial Statements (DKFS)

FAQ – Accounting and Auditing (FAQAA)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Improve Your Accounting and Finance Teams’ Effectiveness (IAF)

Professional Ethics for CPAs (ETHICS)

Reviewing Documentation Effectively (RDE)

Risk-Based Audit Standards: Effective Utilization (RBA)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

Our People

140

Bonnie Kennedy, CPA

Bonnie Kennedy, CPA, licensed as a CPA in Rhode Island, is a Group Practice Leader for Loscalzo Associates Ltd. and has over 30 years’ experience in the accounting profession. She began her career in public practice with a regional accounting firm in New England, before taking a position as the Controller and Treasurer of a manufacturing firm. Currently, Bonnie is a full-time faculty member at Salve Regina University. She has taught accounting and auditing courses at both the graduate and undergraduate levels.

During her association with the regional CPA firm, Bonnie was involved in recruiting, interviewing, and mentoring new staff. She also designed and conducted continuing professional education programs for the firm. After initial exposure to both taxation and attestation work, Bonnie eventually specialized in audits of manufacturing companies and not-for-profit entities.

Bonnie has published articles in scholarly journals and presented her work at national conferences. She has served on the Board of Directors for several not-for-profit entities and currently serves as the Treasurer for her local youth soccer association.

Bonnie holds a BS degree in business administration and a MS degree in accounting from the University of Rhode Island. She is a member of the Rhode Island Society of CPAs, the Association of Certified Fraud Examiners, and the AICPA.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Accounting for New Revenue Standard (ANR)

Compilation and Review Practice Guide (CRP)

Disclosure – The Key to Financial Statements (DKFS)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Nonprofit Industry Update and GAAP Refresher (NIU)

Reviewing Documentation Effectively (RDE)

Our People

141

Rebecca Lee, CPA, CGMA

Rebecca Lee, CPA, CGMA, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Loscalzo Associates Ltd. and a Principal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.

She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, Council of the AICPA, and is a past member of the Institute’s MAS Executive Committee and Personal Financial Planning Executive Committee. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. She currently serves on the South Carolina Association of CPAs’ Peer Review Committee and the Continuing Professional Education Committee.

Rebecca is a group practice leader for all staff level audit training programs, as well as other accounting and auditing technical courses. She is a frequent speaker at CPA conferences and has lectured extensively in the area of management advisory services at professional meetings and seminars for state societies and the American Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebecca has served as a discussion leader, technical reviewer, and author of courses for audit and accounting technical courses. She has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College in Birmingham, Alabama.

Rebecca holds a BS degree in accounting from Jacksonville State University, Jacksonville, Alabama, along with a master’s degree in accounting from Birmingham Southern College, Birmingham, Alabama. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.

TEACHES THE FOLLOWING:

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI)

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC)

Compilation and Review Practice Guide (CPR)

Compliance Auditing from Start to Finish NEW! (CAS)

Compliance Auditing: Questions from the Field (CAQ)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure − The Key To Financial Statements (DKFS)

Essentials of Nonprofit Auditing (ENA)

FAQ – Accounting and Auditing (FAQAA)

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP)

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Governmental Update NEW! (GU)

Improve Your Accounting and Finance Teams’ Effectiveness (IAF)

Nonprofit Industry Update and GAAP Refresher (NIU)

Nonprofit, Government and Compliance Update (NGCU)

Professional Ethics For CPAs (ETHICS)

Reviewing Documentation Effectively (RDE)

Risk-Based Audit Standards: Effective Utilization (RBA)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

Our People

142

Joseph E. Manfré, CPA

Joseph E. Manfré, CPA, licensed as a CPA in New York, is a discussion leader for Loscalzo Associates Ltd. He is the Founder and President of MANFRE CPA P.C., A Professional Corporation, located in Armonk, New York. While the services his firm offers to individuals and businesses are diverse, their specialization focuses on servicing the needs of multi- and single-employer employee benefit plans, and labor unions. Joe is licensed in the State of New York and has been servicing the needs of single-employer and multi-employer benefit plans for most of his 35-year career in accounting. He previously was the chairman of the NYSSCPAS Employee Benefits Committee and has been a speaker on audits of employee benefit plans at their annual conference. Joe has been quoted in the BNA Daily Tax Report, and is referred to by the NYSSCPA hotline for audit and tax related questions on employee benefit plans.

Joe’s experience and contacts in the employee benefits and labor industries prove invaluable to Benefit Funds Trustees and Management and Labor Executives, as well as to CPA firms with employee benefit plan audit and tax practices. His business and personal tax experience is also invaluable to individuals and business owners alike. Joe is a member in good standing of the AICPA, NYSSCPA, and the International Foundation of Employee Benefit Plans. He earned his BBA degree in accounting from Bernard Baruch College.

TEACHES THE FOLLOWING:

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI)

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC)

Compilation and Review Practice Guide (CRP)

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Our People

143

Mark D. Mishler, CPA, CMA

Mark D. Mishler, CPA, CMA, licensed as a CPA in Ohio, has been a discussion leader and has authored courses for Loscalzo Associates Ltd. for five years.

Mark’s career includes Chief Financial Officer, Treasurer, Controller, and Chief Information Officer global finance and operating leadership roles with publicly traded and private equity companies. His prior companies include Breeze-Eastern, General Electric Healthcare, Fedders Corporation, Amcast Industrial Corporation, Witco, Siemens Medical, Dun & Bradstreet, and WR Grace.

With more than 29 years’ experience in finance and accounting for global public manufacturing companies, Mark secured debt and equity financing, as well as wrote SEC Form S-1 and presented at equity road shows for an IPO. He led global information technology enterprise systems implementations, and developed and implemented activity-based costing. Mark managed finance and accounting for 40 plants in 30 countries simultaneously and led due diligence, negotiation, structuring, valuation, and integration for more than 25 acquisitions.

Mark leads financial planning and analysis, budgeting and forecasting; ensures financial integrity and regulatory compliance; partners with operating managers to improve profitability and cash flow, and optimize the balance sheet; raises debt and equity capital, and develops stakeholders’ confidence in the company. Functionally, he managed finance, financial and managerial accounting, auditing, treasury, tax, SEC reporting, SOX compliance, information technology, human resources, strategic planning, and risk management, including currency, raw materials, and interest rate swap hedging.

Mark has been an Adjunct Professor of Accounting and Finance for 19 years, teaching at graduate and undergraduate levels. He has taught CMA review, graded the CMA exam, and written questions for the CPA exam. He has been published in finance and accounting journals, most recently in the December 2015 Journal of Accountancy writing about foreign currency’s impact on operating performance. In 2014, he was a finalist for New Jersey Biz magazine’s CFO of the Year.

Mark earned two bachelors’ degrees in chemistry and biology from Indiana University and his MBA from the University of Michigan. He is a Certified Public Accountant and a Certified Management Accountant.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure − The Key to Financial Statements (DKFS)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Improve Your Accounting and Finance Teams’ Effectiveness (IAF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

Our People

144

James J. Newhard, CPA

James J. Newhard, CPA, licensed as a CPA in Pennsylvania, is a discussion leader for Loscalzo Associates Ltd. and an established CPA practitioner with 37 years of practice in public accounting. Jim spent over 7 years of public practice with a regional and national CPA firm in their A&A departments. Subsequent to that, Jim established his own firm, James J. Newhard, CPA, in December 1986, committed to a focus on small business entrepreneurs, individuals, and not-for-profit organizations, and providing a variety of tax (preparation, planning, and controversy), accounting (review, compilation, and QuickBooks Pro-Advisor), business analytics and attestations, and advisory services to individuals, small-to-medium sized businesses, not-for-profit entities, estates, and trusts.

Jim is a member of the AICPA (including PCPS and Tax Section) and serves on the FRF for SMEs task force. He is also a long-time, very active and involved member of the PICPA, including many years of leadership in the Greater Philadelphia Chapter, including serving as Chapter President (2006–2007). He was the recipient of the Volunteer Service Award (2009) and the Champion Service Award (2012). Jim serves on several PICPA statewide committees, including the Committee on Accounting and Auditing Procedures, CPA Image Enhancement, Member Services, State & Local Taxation (as well as the Act 32 Task Force), and Legislation. At the Philadelphia Chapter level, Jim serves on the Committee on Local Taxation & Legislation Committee, Federal Tax, Member Services, and the Accounting & Assurance Committee. Jim serves as a member of PICPA Council (2015-2017), and serves on the Future of Education task force. Additionally, he now serves as the editor of the Accounting & Auditing column for the Pennsylvania CPA Journal (previously editor for practitioner’s column), has authored several columns and features, and has provided PICPA webinars on both PA local taxation and A&A update.

With a career-long focus on practitioner services and the essential client services, Jim serves as discussion leader for Loscalzo Associates in compilation and review, practitioner financial reporting and standards issues and updates (including revenue and leasing), tax matters programs, professional ethics (financial statement and circular 230 tax), Special Purpose Framework Financial Reporting, Financial Reporting Framework for SMEs, FASB and AICPA Update, and workpaper considerations and issues.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Compilation and Review Practice Guide (CRP)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure − The Key to Financial Statements (DKFS)

Professional Ethics for CPAs (ETHICS)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Our People

145

Stacey Painter, CPA

Stacey Painter, CPA, licensed as a CPA in Wisconsin, is the Director of Loscalzo Associates Ltd., a division of SmartPros Ltd., a Kaplan company. Stacey has been providing technical training to audiences across the country on subjects ranging from International Financial Reporting Standards (IFRS) and related FASB/IASB joint projects, to Audit and Attest Standards.

Stacey has over 20 years of experience in both the public and private industry. Before joining Loscalzo Associates, Stacey spent 13 years with Resources Global Professionals, most recently as the Managing Director of Accounting and Finance Services. In this capacity, Stacey worked with the firm’s U.S. offices in developing go-to-market strategies around accounting initiatives, as well as providing technical training on site to firm clients.

Prior to joining Resources, Stacey was the Corporate Controller of Square Two Golf, a publicly-traded manufacturer of golf equipment. Here, she was responsible for all aspects of accounting, financial reporting (SEC), planning and budgeting, Human Resources, and Internal Control. At the start of her career, Stacey spent six years at Deloitte & Touche, auditing clients ranging from $10 million to over $1 billion in revenue.

Stacey received her bachelor’s degree in accounting from Pace University in New York. She is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Compilation and Review Practice Guide (CRP)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure – The Key to Financial Statements (DKFS)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

Improve Your Accounting and Finance Teams’ Effectiveness (IAF)

Professional Ethics for CPAs (ETHICS)

Reviewing Documentation Effectively (RDE)

Risk-Based Audit Standards: Effective Utilization (RBA)

Understanding and Testing Internal Control (UTIC)

Our People

146

Deborah Rose, CPA

Deborah Rose, CPA, licensed as a CPA in Rhode Island, is an author and discussion leader for Loscalzo Associates Ltd. and has been with Loscalzo Associates for 28 years.

Debbie is a partner with Loescher, Rose & Co., CPAs, and is also a full-time lecturer at the University of Rhode Island, College of Business Administration, where she has taught accounting courses since 1978 and received its Excellence in Undergraduate Teaching Award in 2013.

Debbie has 35 years of public accounting experience, 9 of which were with Deloitte, Haskins and Sells and Arthur Young & Company. In addition to teaching and writing curriculum for Loscalzo Associates since 1988, she taught numerous regional and national programs for her firms and has been recognized as an Outstanding Discussion Leader by the AICPA.

Debbie has served as a board member for the Rhode Island Society of CPAs and served for many years on its CPE Committee. She authored instructional materials for several Prentice Hall accounting textbooks and also participated as an invited speaker at that publisher’s regional conferences for accounting educators. Debbie holds an MS in accounting from the University of Rhode Island and BS in mathematics from Simmons College.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Compilation and Review Practice Guide (CRP)

Disclosure − The Key To Financial Statements (DKFS)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Professional Ethics for CPAs (ETHICS)

Reviewing Documentation Effectively (RDE)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Our People

147

Howard Sibelman, CPA, MBT

Howard Sibelman, CPA, MBT, licensed as a CPA in Colorado and California, is a discussion leader for Loscalzo Associates Ltd. Most recently, as the former Education Director and Director of Subscriber Services for Crowe Horwath International, an international network of 140 accounting firms, Howard provided leadership on audit methodology, the CaseWare CH International Audit Template, training initiatives, and accounting and auditing technical support to the CH International Subscriber Group.

Immediately prior to joining CH International, Howard was a Business Assurance Partner at Moss Adams, the 11th largest accounting firm in the U.S. At Moss Adams, he was a member of the firm’s International Services Group, IFRS Core Training Group, and Quality Control Coordinator for the Los Angeles office.

Howard recently served as Chairman of the state of California’s Accounting Principles and Assurance Standards Committee. He has extensive experience in accounting, auditing, and consulting to middle-market companies.

An integral part of Howard’s background is education. During his 45+ year career as an auditor (30+ years as an audit partner), he was National CPE Director for a national CPA firm, an instructor at USC, on the faculty of two of the largest CPA review courses, and has authored and facilitated numerous firm and CPA Society education programs.

Howard received his Bachelor of Science in Economics (major in accounting) cum laude from Brooklyn College and his Master of Business Taxation from the University of Southern California (USC). Howard was also a founding member of the AICPA Employee Benefit Plans Quality Center Executive Committee.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC)

Compilation and Review Practice Guide (CRP)

Disclosure − The Key To Financial Statements (DKFS)

FAQ – Accounting and Auditing (FAQAA)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Risk-Based Audit Standards: Effective Utilization (RBA)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

Our People

148

Barry E. Smith, CPA

Barry E. Smith, CPA, is a discussion leader with Loscalzo Associates Ltd. and has his own public accounting firm located in St. Louis, MO. He has over 30 years’ experience in both public and industry accounting. Barry has served as the Professional Practice Director for the 23rd largest public accounting firm, where he was responsible for all technical accounting and auditing matters for the firm. He has served as a discussion leader on all aspects of U.S. GAAP, International Accounting Standards, SEC and PCAOB issues and requirements, employee benefit plans, and governmental accounting.

Barry has also served as the Chief Accounting Officer and Controller for a $2 billion NYSE listed company and as the Chief Financial Officer for growth companies. His experience has included systems selection and implementation, mergers and acquisitions, capital structuring, financial reporting, and compliance.

He has served as an expert panelist on topics such as International Accounting Standards, fair value accounting, tax accounting and disclosures, and SEC disclosures. He has been quoted as an expert on current issues in major media. Barry is a member of the American Institute and Missouri Society of CPAs.

TEACHES THE FOLLOWING:

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI)

2017 FASB and AICPA Update NEW! (FAU)

Accounting for New Revenue Standard (ANR)

Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS)

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC)

Compilation and Review Practice Guide (CRP)

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)

Disclosure − The Key to Financial Statements (DKFS)

FAQ – Accounting and Auditing (FAQAA)

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

GAAP for Industry (GAAPI)

GAAP for the CPA (GAAPC)

Professional Ethics for CPAs (ETHICS)

Reviewing Documentation Effectively (RDE)

Risk-Based Audit Standards: Effective Utilization (RBA)

Special Purpose Frameworks (SPF)

Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG)

Understanding and Testing Internal Control (UTIC)

Our People

149

Marci Thomas, CPA, MHA

Marci Thomas, CPA, MHA, licensed as a CPA in Georgia and North Carolina, is an author and discussion leader for Loscalzo Associates Ltd. and has been with Loscalzo Associates for 16 years.

Marci writes the not-for-profit and governmental curriculum, as well as courses on internal control and auditing. Marci is also a clinical assistant professor at the University of North Carolina at Chapel Hill, where she teaches Healthcare Strategy, Finance, Governance, Internal Control, and Risk Assessment. Marci works with numerous accounting firms, performing quality control and efficiency reviews and with nonprofit boards on strategic planning, internal control, and governance issues.

From 1986 through 1999, and again in 2005, she worked for Deloitte, primarily in the accounting and advisory services department. Most recently, she was Director in Deloitte Consulting in strategy and operations practice in the Atlanta office. Marci specializes in working with not-for-profit organizations, including those in the healthcare and higher education arenas. She is a nationally recognized author and speaker on topics, as well as on the OMB’s Uniform Guidance and Governance.

In addition to writing numerous training manuals for Loscalzo Associates Ltd., she is co-editor and author of a book published by Jossey Bass in 2004, Essentials of Physician Practice Management. Her book, Best of Boards: Sound Governance and Leadership for Nonprofit Organizations, was published by the AICPA in June 2011 and is on its second printing. Her newest book on Health Care Financial Management was published by Wiley Publishing in January 2014.

Marci also serves on the Professional Development Advisory Council and the Not-for-Profit Committees for the North Carolina Association of CPAs. She is on the fundraising committee for Georgians for a Healthy Future and for several Basset Hound Rescue Groups.

Marci received her bachelor’s in business administration with a concentration in accounting from Georgia State University and her master’s in health administration at the University of North Carolina at Chapel Hill. She is a frequent speaker at local, regional, and national conferences.

TEACHES THE FOLLOWING:

Compliance Auditing from Start to Finish NEW! (CAS)

Compliance Auditing: Questions from the Field (CAQ)

Essentials of Nonprofit Auditing (ENA)

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP)

Fraud for Industry (FRAUDI)

Fraud for the CPA (FRAUDC)

Governmental Update NEW! (GU)

Nonprofit Industry Update and GAAP Refresher (NIU)

Nonprofit, Government and Compliance Update (NGCU)

Reviewing Documentation Effectively (RDE)

Risk-Based Audit Standards: Effective Utilization (RBA)

Understanding and Testing Internal Control (UTIC)

Our People

150

Stanley Wirtheim, CPA

Stanley Wirtheim, CPA, licensed as a CPA in New York and Florida, joined Loscalzo Associates Ltd. as a discussion leader. Stanley is the owner of Stanley P. Wirtheim, CPA, an accounting practice located in Great Neck, NY, whose firm does accounting and tax work for individuals, professionals, real estate entities, amongst other specializing in family owned business.

Stanley has over 40 years of public accounting experience, both as a partner in a regional firm and for the past 19 years in his own practice. He also spent 11 years as the chief financial officer of SmartPros Ltd. (a formerly publicly traded company), the former parent company of Loscalzo, until its acquisition by Kaplan in December 2015. As CFO, Stan was responsible for the preparation of all financial statements and the various filings required by the SEC. He also has been a qualified peer reviewer.

Stanley serves on the boards of various not-for-profit entities. He is a member of both the AICPA and the New York State Society of CPAs and SEC Professional Group. He holds a BBA degree for the Baruch College of the City University of NY and received his CPA certificate in 1975.

TEACHES THE FOLLOWING:

2017 FASB and AICPA Update NEW! (FAU)

Compilation and Review Practice Guide (CRP)

Disclosure − The Key to Financial Statements (DKFS)

Our People

151

Christa M. Yantis, CPA

Christa M. Yantis, CPA, licensed as a CPA in South Carolina, is a discussion leader for Loscalzo Associates Ltd. and member with Moss & Yantis CPA PA, focusing on the performances of attest engagements, including the audits of employee benefit plans and non-profit organizations. She is also an adjunct professor at the Citadel Military College of South Carolina.

Christa is a member of the South Carolina Association of Certified Public Accountants and the American Institute of Certified Public Accountants. She received a Master of Accountancy and Bachelor of Business Administration degrees from the University of Georgia. In addition to being a Certified Public Accountant, Christa is also a Certified Fraud Examiner (CFE) and holds the Certified Employee Benefits Specialist (CEBS) and the Associate of Captive Insurance (ACI) designations.

TEACHES THE FOLLOWING:

2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI)

Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC)

Compilation and Review Practice Guide (CRP)

Disclosure − The Key to Financial Statements (DKFS)

FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP)

Our People

152

NICHOLS PATRICK INSTRUCTORS

Edward K. Zollars, CPA

Don Paul Cochran, JD, CPA

Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS

Jim Blair

Joel Rosenfeld, Professor, CPA

Mark J. Patrick, CPA

Nate Albrecht, JD, CPA

P. Jeffrey Christakos, CPA, CFP®, CLU, AIF®

Randy C. Newton, CPA, CVA, ABL

Richard L. Bartholomew, JD, CPA

Robert Gilwee, CPA

Robert “Butch” Rogers, CPA

Our People

153

Edward K. Zollars, CPA

Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona, as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for over 25 years, specializing in tax issues for closely held businesses and individuals.

Ed has been professionally involved with both tax and technology issues, combing the two disciplines in producing the Current Federal Tax Development Update podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees, dealing with tax and technology issues, and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop’s Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Ed was selected as a Life Member by the Arizona Society of CPAs in May of 2010.

Along with writing, editing, and presenting courses for Nichols Patrick CPE, Inc., for over the past 10 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups and served as systems operator on the AICPA’s Accountants Forum in the mid-1990s. Ed has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state society of CPAs.

TEACHES THE FOLLOWING:

Assisting the Survivors: CPA’s Role in the Decedent’s Estate (ASDE)

Advanced Tax Practice (ATP)

Advanced Tax Update (ATU)

Business & Industry Tax Update (BITU)

C Corporation: Advanced (CCA)

Construction Contractors: Special Tax and Accounting

Considerations (CCST)

Current Federal Tax Developments (CFTD)

CPA Succession Planning (CPAS)

C Corporation Taxation: Subchapter C for C Corporation or S Corporation (CTSC)

Depreciation, Repairs and Fixed Assets: Tax Considerations (DRFA)

Estate and Gift Taxation: Planning and Compliance (EGTP)

Fringe Benefits: 2017 (FB)

HSAs, HRAs, and FSAs: Health Care Options After Affordable Care (HSA)

Introduction to U.S. Taxation of International Transactions (IIT)

Investment Taxation: The Medicare Tax and Beyond (ITMT)

Income Taxation of Trusts and Estates: Planning and Compliance (ITTE)

IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP)

Multi-State Taxation of Businesses (MSTB)

Navigating Divorce: Tax & Litigation Issues (NDTL)

Preparing Complex 1040s (PCR)

Partnership and LLC Taxation: Advanced Issues (PTAI)

Pass Through Entities: Advanced Tax Issues (PTEA)

Real Estate Partnerships: Get In, Get Out, Get Taxed (REPG)

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

S Corporations: Advanced Issues (SCAI)

Streamlined Tax Staff Training – Complex Return Issues (STSB)

Tax Exempt Organizations: Advanced Planning Issues (TEOA)

Tax Exempt Organizations: Basic Operating Issues (TEOB)

Tax Research: Sources, Methods and Documentation (TRSM)

Our People

154

Don Paul Cochran, JD, CPA

Don Paul Cochran, JD, CPA, is a solo practitioner in Apple Valley, Minnesota. His 36 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning. Don has practiced law in both Iowa and Minnesota. He is a member of the Minnesota and Iowa State Bar Associations and the Minnesota Society of CPAs.

As a program instructor with Nichols Patrick CPE, Inc., Don is much sought after as a presenter of CPE seminars sponsored by state societies of CPAs, CPA firms, and associations of CPAs. Don is also a featured speaker at several national tax conferences.

TEACHES THE FOLLOWING:

Assisting the Survivors: CPA’s Role in the Decedent’s Estate (ASDE)

Advanced Tax Practice (ATP)

Advanced Tax Update for experienced Practitioners (ATU)

Business & Industry Tax Update (BITU)

C Corporation: Advanced (CCA)

Construction Contractors: Special Tax and Accounting Considerations (CCST)

Current Federal Tax Developments (CFTD)

CPA Succession Planning (CPAS)

Corporate Taxation: Subchapter C for C Corporation or S Corporation (CTSC)

Depreciation, Repairs and Fixed Assets: Tax Considerations (DRFA)

Estate and Gift Taxation: Planning and Compliance (EGTP)

HSAs, HRAs, and FSAs: Health Care Options After Affordable Care (HAS)

Introduction to U.S. Taxation of International Transactions (IIT)

Investment Taxation: The Medicare Tax and Beyond (ITMT)

Income Taxation of Trusts and Estates: Planning and Compliance (ITTE)

IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP)

Multi-State Taxation of Businesses (MSTB)

Navigating Divorce: Tax & Litigation Issues (NDTL)

Preparing Complex 1040s (PCR)

Partnership and LLC Taxation: Advanced Issues (PTAI))

Pass Through Entities: Advanced Tax Issues (PTEA)

Real Estate Partnerships: Get In, Get Out, Get Taxed (REGP)

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

S Corporations: Advanced Issues (SCAI)

Streamlined Tax Staff Training – Complex Return Issues (STCR)

Tax Exempt Organizations: Advanced Planning Issues (TEOA)

Tax Exempt Organizations: Basic Operating Issues (TEOB)

Tax Research: Sources, Methods and Documentation (TRSM)

Our People

155

Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS

Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS, helps businesses survive in turbulent times with strategic solutions. For more than 20 years, she has been helping organizations future-proof their business by solidifying their strengths, developing eternal vigilance, and creating a future-focused mindset.

As a consultant and keynote speaker, Jennifer is known for being energetic and enthusiastic. She has conducted seminars for the Fortune 500, the US Government, State CPA Societies, and CPA firms in 44 states and 2 countries. She is a business generalist, accounting expert, and a published author. Jennifer was named a 2015 Woman to Watch by the AICPA and MACPA, and was awarded Outstanding Educator by the AICPA for the past three years.

Our People

156

Jim Blair

Jim Blair is a 35-year veteran of the Social Security administration and co-owner of Premier Social Security Consulting. Jim has worked as a service representative (helping individuals who are having problems with their Social Security benefits), a claims representative (taking claims for retirement, survivors, disability, and health insurance), an operations supervisor, and a district manager running the Piqua, Ohio, Social Security office. He retired in January, 2010.

Jim is a frequent speaker on Social Security for conferences and seminars and recently authored a Social Security handbook. He founded the National Social Security Advisor Certification program and developed the three-legged stool, resulting in maximum Social Security benefits.

TEACHES THE FOLLOWING:

Social Security Benefits (SSB)

Our People

157

Joel Rosenfeld, Professor, CPA

Joel Rosenfeld, CPA, is a managing partner of JIR Consulting Co, LLC, in West Orange, New Jersey, and an adjunct assistant professor at NYU, Schack Real Estate Institute. Joel has been a CPA for 43 years with extensive experience in real estate accounting and taxation. Besides teaching at NYU, Joel has previously presented programs for AICPA conferences and NAIOP seminars. He is a licensed NJ instructor, providing CPE to commercial real estate brokers/salespersons, and has been published in multiple real estate publications.

Joel is a member of the AICPA, the New Jersey Society of CPAs, the New Jersey State Society of Certified Public Accountants Professional Conduct Committee, the Counselors of Real Estate, a board member of Fairleigh Dickinson University’s Center for Real Estate Studies, and a Trustee with the National Association of Office and Industrial Parks.

Joel earned his BS degree in accounting from the University of Bridgeport.

TEACHES THE FOLLOWING:

Real Estate Partnerships: Get In, Get Out, Get Taxed (REPG)

Our People

158

Mark J. Patrick, CPA

Mark J. Patrick, CPA, is a Principle with Packer Thomas, a leading regional certified public accounting and business consulting firm. He has 27 years of experience specializing in taxation and has developed expertise in corporate and partnership tax issues. In addition, he has extensive knowledge in business valuations and litigation support. Mark is a strong proponent of “face-to-face” involvement with his clients in order to provide proactive planning and to take advantage of new developments in the tax law.

Mark is a presenter of CPE programs for Nichols Patrick CPE, Inc. He receives outstanding ratings for Current Federal Tax Developments, Debt-Related Tax Issues, Partnership Taxation, S Corporation: A Complete Guide, and Tax Staff Training programs. Mark presents tax conferences with great enthusiasm for the tax law and the profession of public accounting. He has also had articles published in various state society magazines and other tax publications.

Mark is a member of the American Institute of CPAs and The Ohio Society of CPAs. He is a graduate of Benjamin Franklin University in Washington, D.C.

TEACHES THE FOLLOWING:

Alternative Minimum Tax (AMT)

Business & Industry Tax Update (BITU)

Current Federal Tax Developments (CFTD)

Corporate Taxation: Subchapter C for C Corporation or S Corporation (CTSC)

Introduction to Partnership Taxation (IPT)

Partnership and LLC Taxation: Advanced Issues (PTAI)

Pass Through Entities: Advanced Tax Issues (PTEA)

Preparing Complex 1040s (PCR)

Preparing Form 1120S: Understanding the Basics (PF0S)

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

Streamlined Tax Staff Training – Individual (STSI)

Streamlined Tax Staff Training – Business (STSB)

Tax Staff Training – Business (TSTB)

Tax staff Training – Individual (TSTI)

Our People

159

Nate Albrecht, JD, CPA

Nate Albrecht, CPA, has been providing tax consulting and compliance services to the owners of closely held businesses since 1998. He opened a solo practice after working with Eide Bailly, LLP, and PwC for over 15 years with privately held companies. Nate focuses on working with the business owners to meet objectives while making sure that tax considerations are a part of the planning process. This allows him to work in a wide variety of industries and provide insight in a myriad of topics, ranging from organizational structure to wealth transfer to general tax planning and compliance.

Nate received his undergraduate degree in accounting and business administration from Augustana College in Sioux Falls, SD. After practicing for a number of years, he received his juris doctorate from William Mitchell College of Law in St. Paul, MN. Nate serves on the board of the Minnesota Society of CPAs and is a member of the AICPA and Minnesota State Bar Association.

TEACHES THE FOLLOWING:

CPA Succession Planning (CPAS)

Iowa Accounting Ethics with Emphasis on Tax Practice Issues (IAET)

Iowa State Tax Update (IATX)

Partnership and LLC Taxation: Advanced Issues (PTAI)

Pass Through Entities: Advanced Tax Issues (PTEA)

Streamlined Tax Staff Training – Individual (STSI)

Streamlined Tax Staff Training – Business (STSB)

Streamlined Tax Staff Training – Complex Return Issues (STCR)

Streamlined Tax Staff Training – Tax Research and Quality Control Issues (STRQ)

Our People

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P. Jeffrey Christakos, CPA, CFP®, CLU, AIF®

P. Jeffrey Christakos, CPA, CFP®, CLU, AIF®, is a partner in Christakos & Co, with 25 years of experience in accounting, tax preparation, and financial planning. Jeffrey specializes in offering comprehensive financial planning to a diversified clientele of closely-held businesses and their owners, professionals, and high-net worth retirees. This includes planning for risk protection, investment allocation, qualified retirement plans, employee benefit, education, estate preservation, and tax management strategies. He has experience working with other CPAs on an integrated approach to handling their clients’ financial situations.

Jeffrey has taught accounting as an adjunct professor at Rutgers University, New Jersey City University, Union County College, and financial planning courses in Fairleigh Dickinson University’s Financial Planning Program. He is a member of the New Jersey Society of CPAs and was recently named to New Jersey CPA Magazine’s “CPA-List.” This list acknowledges the high level of performance and engagement of selected NJSCPA members in a variety of practice areas. He is regularly quoted on financial planning topics by CNBC, The Wall Street Journal, and US News and World Report.

Jeffrey earned his BS in accounting at Seton Hall University and his MBA in finance at Fairleigh Dickinson University.

TEACHES THE FOLLOWING:

Financial, Estate, and Tax Planning for Individuals Over 55 (FET)

Financial Planning Strategies for Life Wealth Cycles (FPWC)

Our People

161

Randy C. Newton, CPA, CVA, ABL

Randy C. Newton, CPA, CVA, ABL, is president and founder of NewtonCPA, PLLC. Randy’s area of expertise is in corporate, partnership, and individual income tax preparation, utilizing a proactive tax planning model that streamlines, simplifies, and works to reduce tax liabilities for small taxpayers. In addition, he specializes in IRS representation work plus tax planning and research. Prior to the creation of his own firm, Randy worked with First Union National Bank (now Wells Fargo) in their Corporate Accounting and Capital Markets Divisions.

Randy received his accounting degree, Cum Laude, from Appalachian State University in 1992 and is a member of Phi Kappa Phi National Honor Society. Randy is a CVA, whereby he can place a certified value on closely held businesses for business owners seeking to sell, buy, merge, or going through an ownership change. He is also an ABL, preforming field audit services for lending institutions.

Randy is a member of the North Carolina Association of CPAs (NCACPA), former two-time president of the Charlotte Chapter of the NCACPA, chairman of the North Carolina Department of Revenue Subcommittee of the NCACPA Taxation Committee, and an active member of the American Institute of CPAs (AICPA).

TEACHES THE FOLLOWING:

Business & Industry Tax Update (BITU)

Current Federal Tax Developments (CFTD)

Corporate Taxation: Subchapter C for C Corporation or S Corporation (CTSC)

Introduction to Partnership Taxation (IPT)

Investment Taxation: The Medicare Tax and Beyond (ITMT)

IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP)

Preparing Complex 1040s (PCR)

Preparing Form 1120S: Understanding the Basics (PF0S)

Preparing Form 1065: Understanding the Basics (PF65)

Partnership and LLC Taxation: Advanced Issues (PTAI)

Pass Through Entities: Advanced Tax Issues (PTEA)

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

S Corporations: Advanced Issues (SCAI)

Streamlined Tax Staff Training – Individual (STSI)

Streamlined Tax Staff Business – Business (STSB)

Tax Staff Training – Business (TSTB)

Tax staff Training – Individual (TSTI)

Our People

162

Richard L. Bartholomew, JD, CPA

Richard Bartholomew, JD, CPA, is a shareholder and director of taxes for the accounting firm of Girardot, Strauch & Co., PC, in Lafayette, Indiana. In addition to his normal work in the tax area, Richard has significant experience in representing clients before the IRS, including representing a client in two National Technical Advice Memorandums where the tax, penalty, and interest totaled over $7 million. He also has significant experience in bankruptcy tax planning, as well as valuation and litigation services.

In addition to editing certain course material and teaching courses for Nichols Patrick CPE, Inc., Richard has been a presenter at the AICPA Federal Tax Conference in Washington D.C., the Minnesota Society of CPAs’ Annual Tax Conference, Ohio State Annual Tax Conference, CPA Associates International, the Indiana Continuing Legal Education Forum, and a statewide conference jointly sponsored by the Indiana Bar Association, the Indiana CPA Society, and the Internal Revenue Service. Richard also has written articles on tax issues and the use of accountants in litigation settings for certain legal publications.

Richard obtained his JD (Cum Laude) in 1981 from Indiana University School of Law–Indianapolis. He is a member of the AICPA, Indiana CPA Society, Indiana State Bar Association, and the Tippecanoe Bar Association (currently serving as treasurer). Richard is also a past Chairman of the Indiana CPA Society Litigation Services Committee.

TEACHES THE FOLLOWING:

Advanced Tax Update (ATU)

Business & Industry Tax Update (BITU)

Current Federal Tax Developments (CFTD)

Partnership and LLC Taxation: Advanced Issues (PTAI)

Pass Through Entities: Advanced Tax Issues (PTEA)

Preparing Form 1120S: Understanding the Basics (PF0S)

Preparing Form 1041: Understanding the Basics (PF41)

Preparing Form 1065: Understanding the Basics (PF65)

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

Our People

163

Robert Gilwee, CPA

Robert Gilwee, CPA, is a tax partner in a local accounting firm with over 20 years of practice experience in taxation. His primary areas of expertise are income and estate taxation and international taxation. He has previously held positions with Price Waterhouse Coopers, KPMG Peat Marwick, and Deloitte and Touche. His background includes assistance in resolving tax-structuring issues using LLCs, S-Corporations, and so on. He is a frequent discussion leader on a variety of taxation topics. Robert serves as an adjunct faculty member of the University of Baltimore and Villa Julie College and is an instructor in the Lambers CPA review course.

Robert is a recipient of the Top Manuscript Award from Coopers and Lybrand. He is a member of the AICPA and the Maryland Association of CPAs.

TEACHES THE FOLLOWING:

Advanced Tax Update (ATU)

Business & Industry Tax Update (BITU)

C Corporation: Advanced (CCA)

Current Federal Tax Developments (CFTD)

Corporate Taxation: Subchapter C for C Corporation or S Corporation (CTSC)

Introduction to U.S. Taxation of International Transactions (IIT)

Navigating Divorce: Tax & Litigation Issues (NDTL)

Preparing Complex 1040s (PCR)

Partnership and LLC Taxation: Advanced Issues (PTAI)

Pass Through Entities: Advanced Tax Issues (PTEA)

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

S Corporations: Advanced Issues (SCAI)

Streamlined Tax Staff Training – Business (STSB)

Our People

164 Our People

Robert “Butch” Rogers, CPA

Robert “Butch” Rogers, CPA, worked for Gulf Oil in Midland, TX, and Coopers & Lybrand in Lubbock, TX. In 1986, he joined a local Lubbock firm, becoming a shareholder in 1988. In 1990, Butch moved to Wooster, Ohio, where he started his own accounting practice, Rogers CPA Group, Inc. Butch is a trusted advisor to clients in a variety of industries, with a high concentration of oil and gas producers. Butch has over 30 years of experience working with clients in the oil and gas industry.

His speaking experiences include conducting continuing education seminars and speaking on oil and gas related topics for Nichols Patrick CPE, Inc., the Ohio Society of CPAs, and the Pennsylvania Institute of CPAs. Butch speaks at national and regional conferences, instructs adult education courses, and conducts personal financial planning workshops.

Butch earned his master’s in taxation from Texas Tech University. He is a member of the AICPA, Ohio Society of CPAs, Council of Petroleum Accountants, and Ohio Oil & Gas Association.

TEACHES THE FOLLOWING:

Business & Industry Tax Update (BITU)

Current Federal Tax Developments (CFTD)

Church and Minister Taxation (CMT)

Oil and Gas Accounting 101 (OG101)

Oil and Gas Taxation – Nuts & Bolts (OGNB)

164

REFERENCES

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166

ACRONYM INDEX

• (_ST_)ET STATE Accounting Ethics with Emphasis on Tax Practice Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .131

• (AAU4) Accounting and Auditing Updates NEW! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .29

• (ADC) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) . . . . . . . . . . . . . . . . . . . . . . . . .72

• (AFS) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis . . . . . . . . . . . . . . . . . . . . .14

• (AFS2) Analyzing Financial Statements – A Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49

• (AFS4) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis . . . . . . . . . . . . . . . . . . . . .32

• (AIT2) Accounting for Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .47

• (AMT) Alternative Minimum Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .130

• (AMTP) Accounting Methods as a Tax Planning Service: Filing Form 3115 to Save Taxes . . . . . . . . . . . . . . . . . . .83

• (ANR) Accounting for New Revenue Standard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13

• (ANR4) Accounting for New Revenue Standard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30

• (APR2) Analytical Procedures for Reviews and Audits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48

• (APW4) Analytical Procedures Workshop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31

• (AS4) Attestation Standards NEW! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33

• (ASDE) Assisting the Survivors: CPA’s Role in the Decedent’s Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .87

• (ATP) Advanced Tax Practice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .84

• (ATU) Advanced Tax Update for Experienced Practitioners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .85

• (BC) Business Communication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .78

• (BITU) Business & Industry Tax Update . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .88

• (CAQ) Compliance Auditing: Questions from the Field . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .63

• (CAS) Compliance Auditing from Start to Finish . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62

• (CCA) C Corporation: Advanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .89

• (CCST) Construction Contractors: Special Tax and Accounting Considerations . . . . . . . . . . . . . . . . . . . . . . . . . .90

• (CFTD) Current Federal Tax Developments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .93

• (CMT) Church and Minister Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .86

• (CPAS) CPA Succession Planning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .92

• (CPI) 2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! . . . . . . . . . . . . .71

• (CRP) Compilation and Review Practice Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

• (CRP2) Recent Compilation and Review Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57

• (CRP4) Compilation and Review Practice Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34

• (CTSC) Corporate Taxation: Subchapter C for C Corporation and S Corporation . . . . . . . . . . . . . . . . . . . . . . . .91

• (DAP4) Deceptive Accounting Practices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .35

• (DH2) Derivative and Hedging . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .51

• (DIR2) Dangers of Improper Revenue Recognition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

• (DKFS) Disclosure – The Key to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17

• (DRFA) Depreciation, Repairs, and Fixed Assets: Tax Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (DRR) Deceptive Revenue Recognition and Other Accounting Techniques –

Recognizing the Warning Signs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16

• (EED2) Efficiency and Effectiveness in Documentation Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52

• (EF4) External Fraud . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36

References

• Loscalzo Courses

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ACRONYM INDEX

• (EGTP) Estate and Gift Taxation: Planning and Compliance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95

• (ENA) Essentials of Nonprofit Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

• (ETHICS4) Professional Ethics for CPAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75

• (FAQAA) FAQ – Accounting and Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

• (FAQAI4) FAQ – Audit Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

• (FAQEBP) FAQ – Employee Benefit Plan Accounting and Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73

• (FAQG4) FAQ – GAAP Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

• (FAQNP) FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues . . . . . . . . . . . . . . . . . . . . 65

• (FASB2) FASB Updates NEW! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

• (FAU) 2017 FASB and AICPA Update NEW! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

• (FB) Fringe Benefits 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99

• (FET) Financial, Estate, and Tax Planning for Individuals Over 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97

• (FPWC) Financial Planning Strategies for Life Wealth Cycles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98

• (FRAUDC) Fraud for the CPA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

• (FRAUDI) Fraud for Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

• (FRF4) Financial Reporting Framework for Small- and Medium-Sized Entities . . . . . . . . . . . . . . . . . . . . . . . . . 40

• (FTUI) Federal Tax Update for Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96

• (FV4) Fair Value: Measurement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

• (GAAPC) GAAP for the CPA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

• (GAAPI) GAAP for Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

• (GU) Governmental Update . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66

• (HSA) HSAs, HRAs, and FSAs: Health Care Options After Affordable Care . . . . . . . . . . . . . . . . . . . . . . . . . 100

• (IAF) Improve Your Accounting and Finance Teams’ Effectiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

• (IAF4) Improve Your Accounting and Finance Teams’ Effectiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

• (IAR4) Identifying and Addressing the Risk of Fraud in Nonprofit Organizations . . . . . . . . . . . . . . . . . . . . . . 69

• (IF4) Internal Fraud . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

• (IIT) Introduction to U.S. Taxation of International Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103

• (IPP) IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection . . . . . . . . . . . . 105

• (IPT) Introduction to Partnership Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102

• (ITMT) Investment Taxation: The Medicare Tax and Beyond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104

• (ITTE) Income Taxation of Trusts and Estates: Planning and Preparation of Form 1041 . . . . . . . . . . . . . . . . 101

• (LAT4) Lease Accounting in Transition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

• (MDR2) Meeting Documentation Requirements in Your Workpapers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

• (MSTB) Multi-State Taxation of Businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106

• (NDTL) Navigating Divorce: Tax & Litigation Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107

• (NGCU) Nonprofit, Government and Compliance Update . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67

• (NIU) Nonprofit Industry Update and GAAP Refresher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

• (NSE2) Nonstatistical Sampling for Efficient Audits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55

• (OG101) Oil and Gas Accounting 101 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108

• (OGNB) Oil and Gas Taxation: Nuts & Bolts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109

ReferencesReferences

• Loscalzo Courses

168

ACRONYM INDEX

• (PCE4) Planning Cost Efficient and Effective Audits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

• (PCR) Preparing Complex 1040s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116

• (PF0S) Preparing Form 1120S: Understanding the Basics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115

• (PF41) Preparing Form 1041: Understanding the Basics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113

• (PF65) Preparing Form 1065: Understanding the Basics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114

• (PPF4) Pitfalls and Problems in Financial Statement Disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

• (PRD2) Peer Review Deficiencies – How to Solve Them? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

• (PSBD) Partnership/S Corporation Basis and Distribution Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (PTAI) Partnership and LLC Taxation: Advanced Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110

• (PTEA) Pass Through Entities: Advanced Tax Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112

• (RBA) Risk-Based Audit Standards: Effective Utilization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

• (RDE) Reviewing Documentation Effectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

• (REPG) Real Estate Partnerships: Getting In, Getting Out, Getting Taxed . . . . . . . . . . . . . . . . . . . . . . . . . . . 117

• (RFI) Red Flag Issues: Areas the IRS Attacks in Examination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118

• (RPT2) Related Party Transactions – A Recurring Issue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

• (SCAI) S Corporations: Advanced Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119

• (SCF2) Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59

• (SPF) Special Purpose Frameworks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

• (SPF4) Tax Basis and Other Special Purpose Frameworks Presentations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

• (SSB) Social Security Benefits: Advising Clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120

• (STCR) Streamlined Tax Staff Training – Complex Return Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122

• (STRQ) Streamlined Tax Staff Training – Tax Research and Quality Control Issues . . . . . . . . . . . . . . . . . . . . . 124

• (STSB) Streamlined Tax Staff Training – Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121

• (STSI) Streamlined Tax Staff Training – Individual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123

• (TAOB) Tax Aspects of Bankruptcy: All Need Not Be Lost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125

• (TAXE4) Tax Practitioner Responsibilities and Ethics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76

• (TEOA) Tax Exempt Organizations: Advanced Planning and Compliance For Tax Matters . . . . . . . . . . . . . . . 126

• (TEOB) Tax Exempt Organizations: Basic Operating Issues and Preparation of Form 990 . . . . . . . . . . . . . . . 127

• (TPG) Tax Practitioner’s Guide to Accounting and Reporting Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

• (TRSM) Tax Research: Sources, Methods, and Documentation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128

• (TSTA) Tax Staff Training (2-Day) – Advanced Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

• (TSTB) Tax Staff Training (2-Day) – Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81

• (TSTI) Tax Staff Training (2-Day) – Individual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82

• (TUFE) Tax Update for Financial Executives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129

• (UTIC) Understanding and Testing Internal Control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

• (VIE2) Variable Interest Entities and Related Party Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60

References

• Loscalzo Courses

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111
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169

ALPHABETICAL INDEX

• 2017 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI)........................................ 71

• 2017 FASB and AICPA Update NEW! (FAU) ............................................................................................................... 12

• Accounting and Auditing Updates NEW! (AAU4) ...................................................................................................... 29

• Accounting for Income Taxes (AIT2) .............................................................................................................................. 47

• Accounting for New Revenue Standard (ANR) .............................................................................................................. 13

• Accounting for New Revenue Standard (ANR4) ............................................................................................................ 30

• Accounting Methods as a Tax Planning Service: Filing Form 3115 to Save Taxes (AMTP) ................................................ 83

• Advanced Tax Practice (ATP) ......................................................................................................................................... 84

• Advanced Tax Update for Experienced Practitioners (ATU) ............................................................................................. 85

• Alternative Minimum Tax (AMT) ................................................................................................................................. 130

• Analytical Procedures for Reviews and Audits (APR2) .................................................................................................... 48

• Analytical Procedures Workshop (APW4) ...................................................................................................................... 31

• Analyzing Financial Statements – A Guide (AFS2) ......................................................................................................... 49

• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) ...................................................... 14

• Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS4) .................................................... 32

• Assisting Survivors: CPA’s Role in the Decedent’s Estate (ASDE) ..................................................................................... 87

• Attestation Standards NEW! (AS4) ............................................................................................................................ 33

• Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) ............................................................. 72

• Business Communication (BC) ...................................................................................................................................... 78

• Business & Industry Tax Update (BITU) .......................................................................................................................... 88

• C Corporation: Advanced (CCA) .................................................................................................................................. 89

• Church and Minister Taxation (CMT) ............................................................................................................................ 86

• Compilation and Review Practice Guide (CRP) .............................................................................................................. 15

• Compilation and Review Practice Guide (CRP4) ............................................................................................................ 34

• Compliance Auditing from Start to Finish (CAS) ........................................................................................................... 62

• Compliance Auditing: Questions from the Field (CAQ) ................................................................................................. 63

• Construction Contractors: Special Tax and Accounting Considerations (CCST) .............................................................. 90

• Corporate Taxation: Subchapter C for C Corporation and S Corporation (CTSC) ........................................................... 91

• CPA Succession Planning (CPAS) ................................................................................................................................... 92

• Current Federal Tax Developments (CFTD) .................................................................................................................... 93

• Dangers of Improper Revenue Recognition (DIR2) ......................................................................................................... 50

• Deceptive Accounting Practices (DAP4) ........................................................................................................................ 35

• Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR) .................. 16

• Depreciation, Repairs, and Fixed Assets: Tax Considerations (DRFA) .............................................................................. 94

• Derivative and Hedging (DH2) ...................................................................................................................................... 51

• Disclosure – The Key to Financial Statements (DKFS) ..................................................................................................... 17

• Efficiency and Effectiveness in Documentation Review (EED2) ....................................................................................... 52

• Essentials of Nonprofit Auditing (ENA) .......................................................................................................................... 64

• Estate and Gift Taxation: Planning and Compliance (EGTP) ........................................................................................... 95

• External Fraud (EF4)...................................................................................................................................................... 36

ReferencesReferences

• Loscalzo Courses

170

ALPHABETICAL INDEX

• Fair Value: Measurement (FV4) ..................................................................................................................................... 37

• FAQ – Accounting and Auditing (FAQAA) ..................................................................................................................... 18

• FAQ – Audit Issues (FAQAI4) ......................................................................................................................................... 38

• FAQ – Employee Benefit Plan Accounting and Auditing (FAQEBP) ................................................................................. 73

• FAQ – GAAP Financial Statements (FAQG4) .................................................................................................................. 39

• FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) ................................................... 65

• FASB Updates NEW! (FASB2) ..................................................................................................................................... 53

• Federal Tax Update for Industry (FTUI) ........................................................................................................................... 96

• Financial, Estate, and Tax Planning for Individuals Over 55 (FET) .................................................................................... 97

• Financial Planning Strategies for Life Wealth Cycles (FPWC) .......................................................................................... 98

• Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) ................................................................. 40

• Fraud for Industry (FRAUDI) .......................................................................................................................................... 19

• Fraud for the CPA (FRAUDC) ........................................................................................................................................ 20

• Fringe Benefits 2017 (FB) .............................................................................................................................................. 99

• GAAP for Industry (GAAPI) ........................................................................................................................................... 21

• GAAP for the CPA (GAAPC) ......................................................................................................................................... 22

• Governmental Update (GU) .......................................................................................................................................... 66

• HSAs, HRAs, and FSAs: Health Care Options After Affordable Care (HSA) ................................................................... 100

• Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) ............................................................ 69

• Improve Your Accounting and Finance Teams’ Effectiveness (IAF) .................................................................................. 23

• Improve Your Accounting and Finance Teams’ Effectiveness (IAF4) ................................................................................ 41

• Income Taxation of Trusts and Estates: Planning and Preparation of Form 1041 (ITTE) ................................................. 101

• Internal Fraud (IF4) ....................................................................................................................................................... 42

• Introduction to Partnership Taxation (IPT) .................................................................................................................... 102

• Introduction to U.S. Taxation of International Transactions (IIT) ................................................................................... 103

• Investment Taxation: The Medicare Tax and Beyond (ITMT) ......................................................................................... 104

• IRS Practice and Procedure: Audits, Appeals, Assessment, Settlement, and Collection (IPP) ......................................... 105

• Lease Accounting in Transition (LAT4) ........................................................................................................................... 43

• Meeting Documentation Requirements in Your Workpapers (MDR2) ............................................................................ 54

• Multi-State Taxation of Businesses (MSTB) .................................................................................................................. 106

• Navigating Divorce: Tax & Litigation Issues (NDTL) ....................................................................................................... 107

• Nonprofit Industry Update and GAAP Refresher (NIU) ................................................................................................... 68

• Nonprofit, Government and Compliance Update (NGCU) ............................................................................................. 67

• Nonstatistical Sampling for Efficient Audits (NSE2) ........................................................................................................ 55

• Oil and Gas Accounting 101 (OG101) ........................................................................................................................ 108

• Oil and Gas Taxation: Nuts & Bolts (OGNB) ................................................................................................................. 109

• Partnership and LLC Taxation: Advanced Issues (PTAI) ................................................................................................. 110

• Partnership/S Corporation Basis and Distribution Issues (PSBD) ................................................................................... 111

• Pass Through Entities: Advanced Tax Issues (PTEA) ...................................................................................................... 112

• Peer Review Deficiencies – How to Solve Them? (PRD2) ................................................................................................ 56

References

• Loscalzo Courses

171

ALPHABETICAL INDEX

• Pitfalls and Problems in Financial Statement Disclosures (PPF4) ...................................................................................... 44

• Planning Cost Efficient and Effective Audits (PCE4) ....................................................................................................... 45

• Preparing Complex 1040s (PCR) ................................................................................................................................. 116

• Preparing Form 1041: Understanding the Basics (PF41) .............................................................................................. 113

• Preparing Form 1065: Understanding the Basics (PF65) .............................................................................................. 114

• Preparing Form 1120S: Understanding the Basics (PF0S) ............................................................................................. 115

• Professional Ethics for CPAs (ETHICS4) .......................................................................................................................... 75

• Real Estate Partnerships: Getting In, Getting Out, Getting Taxed (REPG) ..................................................................... 117

• Recent Compilation and Review Issues (CRP2) .............................................................................................................. 57

• Red Flag Issues: Areas the IRS Attacks in Examination (RFI) ......................................................................................... 118

• Related Party Transactions – A Recurring Issue (RPT2) ................................................................................................... 58

• Reviewing Documentation Effectively (RDE) .................................................................................................................. 24

• Risk-Based Audit Standards: Effective Utilization (RBA) ................................................................................................. 25

• S Corporations: Advanced Issues (SCAI) ...................................................................................................................... 119

• Social Security Benefits: Advising Clients (SSB) ............................................................................................................ 120

• Special Purpose Frameworks (SPF) ................................................................................................................................ 26

• STATE Accounting Ethics with Emphasis on Tax Practice Issues (_ST_)ET ...................................................................... 131

• Statement of Cash Flows (SCF2) ................................................................................................................................... 59

• Streamlined Tax Staff Training - Business (STSB) .......................................................................................................... 121

• Streamlined Tax Staff Training - Complex Return Issues (STCR) .................................................................................... 122

• Streamlined Tax Staff Training - Individual (STSI) .......................................................................................................... 123

• Streamlined Tax Staff Training - Tax Research and Quality Control Issues (STRQ) .......................................................... 124

• Tax Aspects of Bankruptcy: All Need Not Be Lost (TAOB) ............................................................................................. 125

• Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) .......................................................................... 46

• Tax Exempt Organizations: Advanced Planning and Compliance For Tax Matters (TEOA) ............................................. 126

• Tax Exempt Organizations: Basic Operating Issues and Preparation of Form 990 (TEOB) ............................................. 127

• Tax Practitioner Responsibilities and Ethics (TAXE4) ....................................................................................................... 76

• Tax Practitioner’s Guide to Accounting and Reporting Issues (TPG) ................................................................................ 27

• Tax Research: Sources, Methods, and Documentation (TRSM) ..................................................................................... 128

• Tax Staff Training (2-Day) – Advanced Issues (TSTA) ...................................................................................................... 80

• Tax Staff Training (2-Day) – Business (TSTB) ................................................................................................................... 81

• Tax Staff Training (2-Day) – Individual (TSTI) .................................................................................................................. 82

• Tax Update for Financial Executives (TUFE) .................................................................................................................. 129

• Understanding and Testing Internal Control (UTIC) ....................................................................................................... 28

• Variable Interest Entities and Related Party Leases (VIE2) ............................................................................................... 60

References

• Loscalzo Courses