For many businesses, preparing financial statements using a special purpose framework may provide an alternative to the complexity of U.S. GAAP. This course will provide you with an overview and hands-on application on preparing financial statements using common special purpose frameworks such as tax basis and cash or modified cash basis financial statements. You will learn the unique measurement and disclosure requirements of various Special Purpose Framework (SPF) options using example financial statements and illustrative disclosures. The course also includes common practice issues encountered when preparing SPF financial statements, including disclosure and reporting requirements. We will also review recent updates to both audit and SSARS standards that impact engagements performed on SPF financial statements.

Learning Objectives:

- Review the limited authoritative and non-authoritative literature covering special purpose frameworks

- Learn how to prepare SPF financial statements using the cash, modified cash, and tax basis of accounting

- Be aware of SPF accounting and presentation issues

- Review the disclosure requirements for SPF financial statements

Major Topics:

- An introduction to special purpose frameworks

- Authoritative and non-authoritative guidance used to prepare SPF financial statements

- Common issues in preparing SPF financial statements

- Cash basis and modified cash basis financial statements

- Income tax basis financial statements

- The AICPA's new special purpose framework – FRF for SMEsTM

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.

Surveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You don’t have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better and cheaper. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

• Trends in financial statement closings including the Quick Close, Soft Close and Virtual Close
• Review and discuss information systems’ headaches that slow you down
• Work through examples of close cycle “time killers” and how to resolve them
• Get inventory and cost of sales under control
• Identify the improvement projects that will yield the biggest benefit
• Review what leading edge finance managers are doing to close more quickly

Who will benefit: Corporate Financial Managers

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Identify and measure cost drivers and trends within your organization

This webcast will teach you how to:
- Evaluate which accounting practices can assist in managing your organization’s cost
- Separate productivity from economies of scale
- Review allocations, standards, and inventory practices
- Identify cause-effect relationships
- Measure changes in the mix of your costs
- Incorporate lean concepts in your organization

Learning Objectives:
· Differentiate selected accounting topics and practices
· Analyze the uses of break-even analysis
· Compare analytical techniques to improve your ability to isolate and measure cost trends

Who will benefit:
Accountants and finance professionals, owners, controllers, treasurers, financial officers, and other financial managers in organizations with less than $250 million in sales

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING CENTER. 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.

Substantive Analytic Procedures - Strengthening Evidence to Satisfy Audit Objectives will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details. One of the ways to perform a more effective and efficient audit is to maximize the use of substantive analytic procedures in the detailed audit plan. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for analytical procedures. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

• How analytic procedures enhance audit quality
• Elements of strong analytic procedures
• Selecting the proper analytic, and altering the strength for the intended purpose
• Disaggregating data to make more informed expectations
• Evaluating the data used in generating expectations, including corroborating inquiry
• Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
• Resolving significant differences resulting from analytic procedures and concluding on audit results

Who will benefit: Accountants responsible for strengthening analytic procedures for a more effective and efficient audit

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Improve your forecasting process

Even when it's not plainly stated, all budgets, plans and actions include assumptions about current and future economic conditions. Yet relatively few CPAs spend sufficient time trying to improve their understanding of economic issues and conditions.

This webcast focuses on budgeting and capital programs, and specific actions that will help an organization improve performance.

Recent examples of companies that improved their competitive position and profitability will be presented.

Learn tools, techniques, practices and examples regarding:
- Changing business models
- Undertaking traditional consolidation
- Expanding product lines
- Modifying supply chains and distribution channels
- Improving technology
- Forming alliances

Learning Objectives:
· Determine how behavioral finance can influence investment decisions
· Analyze the current economy in relation to prior economic cycles
· Determine actions to prepare for the next business cycle

Who will benefit:
Accountants and finance professionals, owners, controllers, treasurers, financial officers, and other financial managers in organizations with less than $250 million in sales

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING CENTER. 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.

This course provides tools and insights into financial statement analysis - both quantitative and qualitative. We'll look not only at the three main financial statements but also dive into the MD&A and footnotes. We'll also discuss the affect of industry nuances on comparability of different analysis tools. 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:

• Balance sheet analysis
• Income statement analysis
• Cash flow statement analysis
• Clues in the notes and MD&A
• Industry nuances

Who will benefit: Anyone with a basic understanding of financial statements

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Reviewing Workpapers - Embracing Responsibilities for Quality Control will provide the tips and tools for satisfying important workpaper reviewer responsibilities. Audit documentation provides the principal support for an auditor's report. Therefore, it is critical for workpaper reviewers to perform quality control procedures to ensure that technical, professional, and regulatory standards are met. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has workpaper review responsibilities. 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:

• Documentation as a means of audit quality
• Responsibilities of the workpaper reviewer
• Appropriate review notes at various phases of the engagement, including before and after audit report date and report release
• Important tips for providing reviews notes that will promote an effective and efficient financial statement audit

Who will benefit: Anyone who has workpaper review or quality control responsibilities on audits or other attest engagements

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

One of the most talked about emerging technologies that has the potential to significantly disrupt the accounting profession is blockchain. This course is designed to bring you up to speed on what this revolutionary technology is all about. You will learn about the concepts, nomenclature, technology and potential applications related to blockchain. This will prepare you to participate in conversations about blockchain technology with your colleagues, peers and others. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. The specific topics that will be presented include:

• An explanation of what blockchain is
• Review of the nomenclature associated with blockchain technology
• Thorough review of the components of a blockchain application
• Review of current and potential applications for blockchain and its impact on commerce
• Potential impact on the CPA profession in accounting and auditing

Who will benefit: Anyone who wants to become familiar with this rapidly evolving technology

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

In a surprise twist, the Inflation Reduction Act (IRA) was passed in short order after secret negotiations were revealed in late July 2022. Seismic changes in tax legislation are currently taking place, and the well-informed tax practitioner will want to attend this two-hour program in order to stay abreast of these developments! This course will provide a concise look at these hot topics. 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:

• Inflation Reduction Act of 2022
  • The new 15% corporate AMT
  • Electric Vehicle Credits
  • Clean Commercial Vehicle Credits
  • 1% tax on the repurchase of corporate stock
  • Excess Business Losses
  • Clean Energy Tax Credits
  • Energy Efficient Home Improvement Credit
  • Energy Efficient Commercial Buildings Deduction (Section 179D)
  • New Credits
  • Research Credits for Small Businesses
  • Excise Taxes on Fossil Fuels
  • Green Property Depreciation
  • Additional Funding for the IRS
  • Transfers of certain credits to an unrelated transferee
• Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022

Who will benefit: Who should Attend: This course is suitable for corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have these tax implications.

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

What’s new in Peer Review?
During this quarterly webcast, we will update peer reviewers on key recent developments in the AICPA Peer Review program. Please be sure to submit your questions and suggested topics to Peer Review staff so it can be addressed during the presentation!

Learning Objectives:
· Identify recent developments related to the Peer Review Program, including recent Peer Review Board decisions

Who will benefit:
Peer reviewers and those familiar with the report acceptance process and administration of peer reviews.

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING CENTER. 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.