The construction industry stands out in its need to adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting, as well as the key issues influencing this field. Discover the implications of recent developments for yourself, your business, or your clients. In addition, we will examine the relationship between contractors and sureties. Given the construction industry's significant and ever-expanding share of the economy, staying up to date with the latest accounting updates in this sector is critical. 

Learning Objectives

When you complete this course, you will be able to: 

• Recall key considerations regarding the construction industry and the players who take part. 

• Identify key concepts related to up-to-date GAAP accounting methods applicable to construction contractors.

• Recall the key portions of construction contractor financial statements. 

• Understand what a surety is and how they assist in the overall construction process. 

Major Topics

• Types of contractors 

• Non-revenue GAAP accounting for contractors 

• Contractor financial statements 

• Sureties and their place in the construction relationship 

Designed For

Practitioners and financial professionals in the construction industry 

This virtual seminar is being offered through our partnership with Midwest State CPA Societies. You will launch from your MyOSCPA learning center day of and be prompted to enter in name and state society at time of entering.

Designed to provide you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act, this course examines how the Single Audit Act relates to OMB Uniform Guidance, as well as the different types of guidance and requirements found in the Uniform Guidance. The course also covers responsibilities and requirements of the auditor and the auditee, how to identify federal assistance and how to determine a nonfederal entity’s major programs. Make sure your skills are up to date with the latest information in this challenging audit area.

Learning Objectives:

· Analyze the relationship of the Single Audit Act and the OMB Uniform Guidance.

· Identify the types of guidance and requirements found in the Uniform Guidance.

· Identify fundamental auditee and auditor responsibilities related to a compliance audit of federal awards.

· Determine major federal programs.

· Determine the requirements of the single audit as it relates to understanding internal control, assessing the level of control risk, and testing the effectiveness of internal control relative to federal awards.

· Identify the single audit requirements for testing the direct and material compliance requirements for major programs.

· Determine reporting requirements.

· Identify the audit and reporting requirements for program-specific audits.

Who will benefit:

· Auditors performing single audit engagements

· Internal financial staff of governments

· Staff of not-for-profit entities interacting with auditors.

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

New or existing clients and businesses need assistance with the most misunderstood areas of S corporations taxation and how they can use them to their advantage. Be prepared to explain the benefits and drawbacks of electing S corporation status and why business taxpayers may favor the pass-through entity over the C corporation. This course will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about the S corporation business model that may work for them.

Learning Objectives:

· Determine when an S corporation may be advantageous for a business.

· Identify the potential disadvantages of operating as an S corporation.

· Identify the requirements that must be met to qualify as an S corporation.

· Recognize individuals and entities that are eligible to own S corporation stock.

· Determine when the S election becomes effective.

· Identify causes of voluntary and involuntary termination.

· Determine whether an S corporation is subject to tax.

· Determine income or loss that passes through to the shareholder.

· Identify situations in which a fiscal year is allowable.

· Recognize active and passive income

· Determine material participation.

Who will benefit:

· Public accounting firm staff and senior associates

· CPAs

· S corporation tax filers

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

NOTE – This ethics course has not been approved by the Accountancy Board of Ohio therefore does not count towards your mandatory 3 Hours of Professional Standards & Responsibilities credit per renewal period. This course does count towards your 120 CPE Hours.

In a competitive market, every company is looking for anyway to differentiate themselves from their competition. While we often look to new markets and data for a competitive advantage, ethics can be the factor that makes the biggest difference to customers, employees, and the public at large. Using surveys, research, case studies, and examples, this course will explore why the CPA credential and the AICPA Code of Professional Conduct is so different. We will discuss why CPA's are in a unique position of trust and how this can put their companies ahead. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Does it pay for a company to have strong ethics?
• Can you measure the financial impact of ethics?
• Does ethics make a difference in financial performance?
• Can ethics be used as a competitive advantage?
• What sets the CPA designation apart?
• AICPA Code of Professional Conduct & the Conceptual Framework Approach
• Ethics as a marketing tool
• Personalizing your Code of Ethics
• Four building blocks of ethical culture
• What influences employee behavior?
• Ethical research
• Building trust in organizations
• Maintaining objectivity in difficult situations

Who will benefit:

Any CPA who faces ethical dilemmas in their day-to-day experiences.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Anytime someone says "I want," "I need," or "Will you," you are in a negotiation. For decades, the negotiation techniques described in "Getting to Yes" by Fisher and Ury of the Harvard Negotiations Project were the world's standard negotiation methods. These techniques involved collaborative methods for discovering how to make the "pie" bigger and then split it. More recent research on human psychology has revealed new methods that will allow you to do even better. Sometimes, you can't settle for getting half of what you want. Sometimes you have to have it all. This webinar explores negotiation's human side, to give you powerful people skills that will let you get more. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• What happens when you are in a negotiation
• Preparing to negotiate
• Get your counterpart to solve the problem
• Negotiation Jujitsu
• Reading your counterpart

Who will benefit:

CEOs, CFOs, Controllers and anyone who negotiates for themselves or their organizations.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

If you or your clients are facing that stage of life where careers are passing into the background, and a new "to be determined" life is emerging, then you are entering what is called "retirement". Some people are excited, some are scared, and most are both. There are many issues and questions people face at this time - what to do with time, financial, relationships, health, identity and more. This program summarizes the key research studies, provides stories from those who have made this work, and offers thoughtful, practical exercises from my award winning book NEXT STAGE. It will help you (or your clients) address key issues and develop a Master Plan for the transition. If not now, when? This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this class include:

• Welcome to Your Next Stage -- Developing a new perspective on what this next stage is really all about
• It's About Time -- Discovering a new sense of purpose
• Money Matters -- Assessing your financial conditions
• Relationships Matter Too -- Addressing needed or potential changes in your relationships
• Healthy Habits -- Examining new or renewed ways to stay healthy
• Who I Am -- Creating a new identity, and answering "So what do you do?"
• My Master Plan -- Figuring out what to do next

Who will benefit:

A professional considering, planning or engaged in retirement for oneself or for one's clients

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Successful organizations, both large and small, must understand the importance of effective internal controls and be able to develop a system of controls that will keep the entity on its intended course. Moreover, those that design policies and procedures benefit by knowing why control measures are necessary. This session sets forth internal control concepts and explains the importance of strong internal control policies. The material highlights some of the reasons that measures are needed and it also provides an overview of control creation methods. Finally, it discusses ways to successfully implement the developed policies and procedures. Participants that take this course will gain a well-rounded understanding of internal control procedures of all types. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this course include:

• Underlying concepts of internal control
• Defining where and why controls, policies and procedures are needed
• Legacy control measures that are still important for businesses today
• Creating control measures that address the use and protection of technology

Who will benefit:

Accounting and other business professionals that would like to have an understanding of internal controls for business entities.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This program addresses the most recent developments impacting partnerships operating as LLCs, with a focus on legislative, administrative, and tax form changes. Emphasis will be placed on partners "tax basis" capital accounts, now required for tax form reporting. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Discuss the impact of the Section 199A flow-through entities deduction on partnerships and their partners
• The meaning of a "tax basis capital account"
• How the financial accounting and tax capital accounts differ from one another
• Determine a partner's share of the partnership's liabilities
• Distinguish "recourse" loans from "nonrecourse" loans
• What are "qualified nonrecourse financing" loans and how they affect partners
• Section 704 "built-in gain or loss" rules and how they impact Schedule K-1 reporting
• Section 4655 "at risk" rules and how they impact Schedule K-1 reporting

Who will benefit:

CPAs in public practice and industry seeking an update on the latest tax developments affecting partnerships.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

SAVE THE DATE! VSCPA Women’s Leadership Series is back again. Register now to save your seat. More program details to come.

Save by purchasing the 2-Day bundle under the Bundles & Subscriptions & Donations tab.

Recent generally accepted auditing standards were written to improve the quality of risk-based financial statement audits, audit reporting, and required by-product communications. This course will discuss the important clarifications and enhancements intended to improve audit quality to ensure better compliance with requirements contained in SAS Nos. 134-145. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Key changes to audit report elements intended to improve the understandability of the nature and results of financial statement audits
• Enhanced required by-product communications with management and those charged with governance to promote more reliable financial statements
• Clarifications related to obtaining sufficient and appropriate audit evidence, including significant unusual transactions, related parties, going concern uncertainty, and accounting estimates
• New definitions and requirements related to identifying and evaluating risks of material misstatement
• Other important matters contained in SAS Nos. 134-145

Who will benefit:

Anyone with financial statement audit responsibilities

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.