This course provides a comprehensive overview of the ELI5 (Explain Like I'm 5) approach and its application in the accounting profession using ChatGPT, an advanced language model. Discover how to simplify complex financial information and tax regulations using this innovative approach. Explore how practitioners can effectively communicate intricate topics to their clients to add value and build trust. You'll walk away with a foundational understanding of the ELI5 approach and how to use ChatGPT to improve your communication strategies. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

• Understanding the ELI5 Approach
• 60 Variations of the ELI5 Method
• Application of the ELI5 Approach in Accounting
• ELI5 Case Studies
• Strategies for Implementing the ELI5 Approach
• Using ChatGPT to Enhance ELI5 Communication
• Role of Accountants in Leveraging the ELI5 Approach

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

This course presents an overview of blockchain and the tax implication of cryptocurrency transactions. The IRS has provided some recent guidance, but potentially conflicting pronouncements by other regulatory agencies have created uncertainty on reporting issues. The practitioner will be helped to understand when a taxable transaction has occurred and what reports to file to satisfy IRS requirements. We will also identify tax traps for the unwary. This information is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency. All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar. 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:

• Blockchain basics
  
• Classification of cryptocurrency
  
• IRS Notice 2014-12
  
• Tax implications of airdrops, mining, hard forks, margin trading, purchasing of goods or services with cryptocurrency.
  
• Gift tax rules for donating, gifting or bequeathing cryptocurrency.
  
• Traps for the unwary.

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

Don't look now, but ChatGPT is taking the business world, including the accounting profession, by storm. Every CPA, whether in public accounting or working in corporate, should have a fundamental understanding of ChatGPT and generative AI applications more broadly. This course will provide you with a foundation of knowledge about ChatGPT technology that will prepare you to have conversations with clients, customers, colleagues and service providers. More importantly, you will learn how to leverage ChatGPT to increase your personal productivity. If you feel your ChatGPT knowledge is lacking, that will not be the case after you attend this course, taught by John Higgins, one of the leading technology strategists and thought leaders for the accounting profession. 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:

• Overview of the current landscape for AI in business
• History of ChatGPT and generative AI
• Fundamentals of generative AI technology and related nomenclature
• ABC's of how to use ChatGPT
• Demonstration of practical ChatGPT applications for accounting, finance and tax
• A word of caution: What you should be concerned about
• Developing a ChatGPT usage policy for your firm / business

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

Companies operating in today's business climate are weathering a storm of major FASB updates. Companies and their advisors may want to consider non-GAAP options as they develop strategies involving revenue recognition, leasing, credit losses, and other FASB pronouncements. This session will provide an overview of special purpose frameworks that may present salient alternatives to U.S. GAAP for certain entities. 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:

• Review of special purpose frameworks
• Discussion of non-GAAP options for financial reporting
• U.S GAAP alternatives for certain entities

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

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a detailed review of SAS No. 145 and brings you up to date on FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help apply the guidance in practice and discusses other important practice matters to be aware of, including an update on peer review and audit quality.

Learning Objectives

• Recall and apply recently issued and proposed FASB and AICPA pronouncements

• Recall and apply guidance from ASC Topic 842, Leases

• Understand SAS Nos. 142 and 145

• Identify other important A&A practice matters to be aware of

• Utilize hands-on examples and illustrations to demonstrate an overall understanding and application of the material

Major Topics

• Recently issued FASB Accounting Standards Updates, the PCC Update, and items on the FASB’s Technical Agenda

• Leases – Topic 842

• Review of SAS No. 142 – Audit Evidence

• Recently issued SASs and other AICPA activity

• Detailed review of SAS No. 145

• Other important A&A practice matters

Designed For

Accounting and attestation practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities

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.

Ethics are of central importance to the CPA profession. But what do we mean by ethics? Is it just appropriate behavior, compliance with laws, or is it more than that? In this course, we'll discover what sets ethics apart and, therefore, sets the profession apart as well. We'll explore the tools available, the role of bias, and dive into real life case studies. We'll apply the AICPA's ethical framework and detect where bias was involved in the case studies. We'll even discover that one person set the price tag on their ethics at $53.7 million, only to lose it all in the end. 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:

• Understanding ethics
• Available tools to aid in ethical decision making
• The role of bias in making ethical decisions
• Application through case studies

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

This course will start with a review of the impact of the 2024 Compliance Supplement on Single Audits, as well as, the changes to the Uniform Guidance. We will also review common audit deficiencies found in Single Audits. 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 course include:

• Review of the impact of the 2024 Compliance Supplement on Single Audits
• Review of the changes to the Uniform Guidance
• Review of common audit deficiencies found in Single Audits

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

Two of the hottest topics in the CPA profession today are CAS (client advisory services) and ChatGPT. This course will explain how to bring these two worlds together by integrating ChatGPT and other generative AI applications into your client advisory services. John Higgins, a leading advisor to the profession on ChatGPT and a seasoned client advisor on technology based solutions, will show you how you can position your firm and yourself as a "go to" advisor on how to embrace this technology in virtually any type of business. John will address how to use this technology as a research and writing assistant in your client services and how to advise your clients on this revolutionary technology and all benefits and "gotchas" that come with it. If you want to step up your advisory game, this course is a "must take." 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:

• ChatGPT and generative AI technology primer
• Building your generative AI vocabulary
• Dig deeper into your engagement research to develop a higher quality advisory service
• Polish your client reporting with the help of ChatGPT
• Developing your ChatGPT client advisory services
  • Start with client education. You don’t need to be a technical expert to be an educator
  • Use AI to help your clients automate their workflows / business processes
  • Build better spreadsheets with ChatGPT and Excel
  • Help your clients identify, evaluate and select applications for their business

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

Fraud Trends - Applying Real-life Lessons to Small- and Mid-Size Entities will focus on real-life and practical examples of fraud in smaller- and mid-size environments, including nonprofits. Fraud involves an intentional act to deceive, which may result in material misstatement in the financial statements due to fraudulent financial reporting or misappropriation of assets. Management's responsibility is to design, implement, maintain and monitor a system of internal control to prevent, or detect and correct, fraud. Note: This is a part of the suggested 16-hour Audit Skills Level 4 curriculum for experienced in-charges or seniors. 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:

• Fraud trends per the most recent Association of Certified Fraud Examiners (ACFE) Annual Report on Fraud and Abuse
• Real-life examples of fraud in nonpublic entity and nonprofit environments.
• Cyber-security risks of fraud

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

This course describes how cyber attacks through impersonation are conducted. It also provides practical advice and recommended security controls to implement, reducing the likelihood and impact of an impersonation cyber attack. 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:

• Impersonation techniques used to launch cyber attacks
• Cybercriminals' focus: stealing financial assets and intellectual property
• Practical advice on controls to implement to reduce victimization from impersonation cyber attacks
• Practical advice to reduce the impact of a cyber attack

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