surgent mccoy, cpe llc

2013 AnnualLive Seminar Catalog

SurgEntmccOY,CPE

llc

31 NEW courses inside!

Your full-service CPE provider

Dear CPE Director:

We are pleased to present you with the 2013 Surgent McCoy Live Seminar Catalog. In our efforts

to become your full-service CPE provider, you’ll notice 31 new programs for the upcoming year.

I would like to call special attention to our industry section where you will find 16 new programs,

many of which are designed specifically for controllers and CFOs. Surgent McCoy is dedicated

to live seminar training, and we are very excited about the new offerings being provided in 2013.

You will notice many new four-hour offerings in the 2013 catalog which are perfect for your CPE

clusters and other events during the year. We are also able to customize almost any of our

courses for conference sessions, so please contact us for details and pricing. In addition, we

have Kris Moretti and Tammy Click ready to help your members meet their onsite training needs.

Please contact either of them for assistance with our onsite programs.

Our pricing for live seminars remains unchanged for 2013, and we will continue to electronically

distribute our course materials to you for reproduction. We will still offer the print option for an

additional charge during 2013. Please see our pricing page for more information.

At Surgent McCoy we are committed to providing you with an excellent experience with all

aspects of your live training. From course selection and instructor scheduling to course

administration and invoicing, our goal is to provide you timely responses, outstanding customer

service and a team of professionals that cares about getting the job done right. We appreciate

the opportunity to provide training to your members and thank you for all the support you’ve

shown us over the years.

Please don’t hesitate to contact myself or anyone on the Surgent McCoy team with any questions.

We’re here to help!

Sincerely,

Chris Fleck

Director of Business Relationships

(610) 994-9598

[email protected]

A Letter from Chris Fleck

237 Lancaster Avenue, Devon, PA 19333l

l

SurgEntmccOY, CPE

llc

Phone: 610-688-4477www.surgentmccoy.com

Fax: [email protected]


New Courses for 2013................................................................................................................... 1-1

Best Seller Courses....................................................................................................................... 1-3

Pricing / Policies ............................................................................................................................ 1-4

Course Descriptions

Accounting and Auditing ................................................................................................................ A-1

Government and Not-for-Profit ...................................................................................................... G-1

Taxation ......................................................................................................................................... T-1

Industry.......................................................................................................................................... I-1

Indices

Alphabetical Listing by Course Title............................................................................................... IA-1

Alphabetical Listing by Course Acronym ....................................................................................... IB-1

Surgent McCoy CPE, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional edu-

cation 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN,

37219-2417. Website: www.nasba.org

Table of Contents

1-1

Course Title Acronym Page #

Accounting and Auditing

A&A Year in Review: Exploring the Latest Issues and Challenges Facing CPAs . . . . .AAYR . . . . . . .A-1

Audits of 401(k) Plans: New Developments and Critical Issues for an

Effective and Efficient Audit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .AFPL . . . . . . .A-3

Construction Contractors: Critical Accounting, Auditing, and Tax

Issues in Today’s Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CONS . . . . . .A-5

Corruption and Asset Misappropriation Schemes: The Top 25 Tips on

How to Prevent and Detect Illegal Acts by Employees and Third Parties . . . . . . . .CAM4 . . . . . .A-6

Critical Internal Control Concepts Under the Updated Internal Control Framework . . .UIC4 . . . . . . .A-6

Exploring the Updated Internal Control Framework: Critical Concepts in

Design, Evaluation, Implementation, and Monitoring . . . . . . . . . . . . . . . . . . . . . . . .UICF . . . . . . .A-9

Financial Reporting Framework for Small and Medium-Sized Entities . . . . . . . . . . . . .FRFS . . . . . . .A-11

Financial Reporting Fraud: The Top 25 Tips on How to Prevent and Detect

Executives and Managers from Manipulating Financial Statements . . . . . . . . . . . .MFS4 . . . . . .A-11

Financial Statement Disclosures: Guide to Current Requirements

and Developing Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FSD4 . . . . . . .A-12

Forensic Accounting: A Comprehensive Guide to Conducting

Financial Fraud Investigations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FOAC . . . . . .A-12

Forensic Accounting: Critical Phases of an Effective Fraud Investigation . . . . . . . . . .FOA4 . . . . . . .A-13

Occupational Fraud: The Top 50 Tips on How to Prevent Executives,

Managers, and Employees from Stealing and Not Getting Caught . . . . . . . . . . . . .OCFR . . . . . .A-16

Revenue Recognition: A New Day is Dawning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .RERE . . . . . .A-18

Service Organization Reporting Frameworks: Life After SAS 70 . . . . . . . . . . . . . . . . .SORF . . . . . .A-19

The Statement of Cash Flows: Preparation Guidance & Presentation Illustrations . . .FLO4 . . . . . . .A-20

Government and Not-for-Profit

Accounting and Reporting for Not-for-Profits:

Avoiding the Timekillers and Painkillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NPA4 . . . . . . .G-2

Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit . . . .ANFP . . . . . .G-3

Critical Early Determinations in OMB A-133 Audits . . . . . . . . . . . . . . . . . . . . . . . . . . .OMB4 . . . . . .G-3

Fraud & Abuse in Not-for-Profit Entities & Governments: Stealing from Everyone . . . .FANG . . . . . .G-4

Fraud in Not-for-Profits and Governments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FAN4 . . . . . . .G-4

New Courses for 2013

1-2


Taxation

Critical Tax Issues in Buying and Selling a Business . . . . . . . . . . . . . . . . . . . . . . . . . .BSB4 . . . . . . .T-10

From Hiring to Firing & Everything In Between: Legal, Tax, & Health Care Issues . . .HTOF . . . . . .T-14

Getting Ready for Busy Season: A Guide to New Forms, Filing Issues, and

Other Critical Developments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NFFI . . . . . . .T-15

Individual Tax Planning Ideas for 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ITP4 . . . . . . .T-17

Maximizing Your Social Security Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SSR4 . . . . . . .T-20

New Medicine: Key Issues CPAs Need to Know About the

Patient Protection and Affordable Care Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NMED . . . . . .T-21

Shortcuts to Tax Cuts: Individual Tax, Social Security, and

Retirement Planning Tools and Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TXCU . . . . . .T-24

Should Client Expenditures be Capitalized or Expensed?

A Guide to the New IRS Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CPE4 . . . . . . .T-25

Industry

Accounting and Reporting for Not-for-Profits: Avoiding the

Timekillers and Painkillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NPA4 . . . . . . .I-1

CFO/Controller’s Roadmap to Organization Success With Integrated

Planning, Forecasting, and Budgeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PLFB . . . . . . .I-3

Construction Contractors: Critical Accounting, Auditing, and

Tax Issues in Today’s Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CONS . . . . . .I-4

Controller/CFO Update: Hot Topics Facing Today’s Financial Professional . . . . . . . . .TCF4 . . . . . . .I-4


How to Prevent and Detect Illegal Acts by Employees and Third Parties . . . . . . . .CAM4 . . . . . .I-5

Critical Internal Control Concepts Under the Updated

Internal Control Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .UIC4 . . . . . . .I-5

Current Developments and Best Practices for Today’s CFOs and Controllers . . . . . . .TCFO . . . . . .I-6

Exploring the Updated Internal Control Framework: Critical

Concepts in Design, Evaluation, Implementation, and Monitoring . . . . . . . . . . . . . .UICF . . . . . . .I-6

Financial Reporting Fraud: The Top 25 Tips on How to Prevent and

Detect Executives and Managers from Manipulating Financial Statements . . . . . .MFS4 . . . . . .I-8

Forensic Accounting: A Comprehensive Guide to

Conducting Financial Fraud Investigations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FOAC . . . . . .I-9

Forensic Accounting: Critical Phases of an Effective Fraud Investigation . . . . . . . . . .FOA4 . . . . . . .I-9

From Hiring to Firing and Everything In Between: Legal,

Tax, and Health Care Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HTOF . . . . . .I-11

Gaining a Competitive Advantage: Critical Skills for CFOs and Controllers . . . . . . . . .GCA4 . . . . . .I-11

Innovative Forecasting & Budgeting: Moving Beyond the Traditional Techniques . . . .IFB4 . . . . . . .I-13

Occupational Fraud: The Top 50 Tips on How to Prevent Executives,

Managers, and Employees from Stealing and Not Getting Caught . . . . . . . . . . . . .OCFR . . . . . .I-14

Revenue Recognition: A New Day is Dawning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .RERE . . . . . .I-15

The Statement of Cash Flows: Preparation Guidance and

Presentation Illustrations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FLO4 . . . . . . .I-16

Thriving in a Chaotic Economic Environment: Planning and

Strategy Formulation for Your Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TDE4 . . . . . . .I-16

New Courses for 2013

1-3


A Complete Guide to the Yellow Book . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .YBYB . . . . . .G-1

Accounting and Reporting for Not-for-Profits: Issues and Answers . . . . . . . . . . . . . . .ARNP . . . . . .G-2, I-2

Advanced Technical Tax Forms Training – LLCs, S Corporations, & Partnerships . . . .ATFB . . . . . . .T-3

Annual Accounting and Auditing Update . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ACAU . . . . . .A-1

The Best Federal Tax Update Course by Surgent McCoy . . . . . . . . . . . . . . . . . . . . . .BFTU . . . . . . .T-4

The Best Income Tax, Estate Tax, and Financial Planning Ideas of 2013 . . . . . . . . . .IEFP . . . . . . .T-4

The Best Individual Income Tax Update Course by Surgent McCoy . . . . . . . . . . . . . .BITU . . . . . . .T-5

The Best S Corporation, Limited Liability, and Partnership

Update Course by Surgent McCoy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BCPE . . . . . .T-5

Compilations and Reviews: Engagement Performance and Annual Update . . . . . . . .CRAU . . . . . .A-3

The Complete Guide to Payroll Taxes and 1099 Issues . . . . . . . . . . . . . . . . . . . . . . . .CGPT . . . . . .I-3, T-7

The Complete Guide to Preparing Limited Liability Company,

Partnership, and S Corporation Federal Income Tax Returns . . . . . . . . . . . . . . . . . . .PLPS . . . . . . .T-8

The Complete Trust Workshop! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TCTW . . . . . .T-9

Determining How Much Money You Need to Retire, and

Tax Ideas and Money Management in Retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . .DRMM . . . . . .T-10

Effective and Efficient Senior-Level Review of Individual Tax Returns . . . . . . . . . . . . .ERTW . . . . . .T-11

Estate and Life Planning Issues for the Middle-Income Client . . . . . . . . . . . . . . . . . . .PMIC . . . . . . .T-11

Fiduciary Income Tax Returns – Form 1041 Workshop . . . . . . . . . . . . . . . . . . . . . . . .1041 . . . . . . .T-14

Hot IRS Tax Examination Issues for Individuals and Businesses . . . . . . . . . . . . . . . . .EXIB . . . . . . .T-15

How to Settle an Estate for a Client from A to Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SEAZ . . . . . . .T-16

I See It! Bringing Into Focus the New Clarified Auditing Standards . . . . . . . . . . . . . . .GNFR . . . . . .A-9, G-5

Latest Developments in Government and Nonprofit Accounting and Auditing 2013 . . .GNAA . . . . . .G-5

Real-World Fraud: War Stories from the Front Lines . . . . . . . . . . . . . . . . . . . . . . . . . .RWFR . . . . . .A-14, I-15

Social Security Benefits: What Every Baby Boomer Needs to Know Now . . . . . . . . . .SSRB . . . . . .T-25

Surgent McCoy's 2013 Annual Tax-Planning Guide for

S Corporations, Partnerships, and LLCs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TPGS . . . . . .T-25

Surgent McCoy's Advanced Individual Income Tax Return Issues . . . . . . . . . . . . . . . .STRI . . . . . . .T-27

Surgent McCoy's Federal Tax Camp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SATC . . . . . . .T-28

Surgent McCoy's Handbook for Mastering Basis, Distributions, and

Loss Limitation Issues for S Corporations, LLCs, and Partnerships . . . . . . . . . . . . . . .HMBI . . . . . . .T-28

The Top 50 Business Tax Mistakes Practitioners Make and How to Fix Them . . . . . . .BTBB . . . . . . .T-30

Best Seller Courses

1-4

Pricing/Policies

4-Hour Seminars:*

Honorarium: $297.50

Per participant: $55.00

* When scheduling 4-hour seminars, both a

morning and afternoon session are required.

8-Hour Seminars:

Honorarium: $595.00


16-Hour Seminars:

Honorarium: $1,190.00


Text Manuals Only:

(using society-provided discussion leader)

1-Day seminars: $75.00

2-Day seminars: $150.00

Surgent McCoy will print and ship the

instructor manual FREE OF CHARGE.

Travel:

Surgent McCoy is responsible for all ground

and air transportation costs, including mileage,

tolls, and parking. State societies pay for

lodging costs and for meals at the

current federal per diem rate.

Minimum:

A minimum of 15 participants is required.

Seminar Materials:

State societies will continue to control printing

and distribution of Surgent McCoy materials for

live seminars. If you would like us to continue

printing and shipping books, that option will

also be available for an additional fee of $10

per participant.

Please Note:

A decision on confirming or canceling a

seminar is needed 14 business days prior to

the seminar date. If a decision cannot be made

at that time, the per participant fee will change

to $90.00, and the society will be responsible

for all travel costs.

Course Groupings:

Seminars must be clustered in two- or three-

day increments in the same city. Surgent

McCoy reserves the right to approve course

groupings due to discussion leader availability.

For stand-alone dates, the state society will

be charged $90.00 per participant plus all

travel costs.

Contacts:

Chris Fleck

(610) 994-9598

[email protected]

237 Lancaster Avenue, Devon, PA 19333l

l

SurgEntmccOY, CPE

llc

Phone: 610-688-4477www.surgentmccoy.com

Fax: [email protected]


Gina Miller

(610) 994-9599

[email protected]

No price increase for 2013!

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Course Name Acronym Page #

A&A Year in Review: Exploring the Latest Issues and Challenges Facing CPAs.....................................AAYR.............A-1

Annual Accounting and Auditing Update ..................................................................................................ACAU ............A-1

Annual Accounting Update .......................................................................................................................ACU4.............A-2

Annual Auditing Update............................................................................................................................AUU4.............A-2

Annual FASB Update and Review............................................................................................................FUR4.............A-3

Audits of 401(k) Plans: New Developments and Critical Issues for an Effective and Efficient Audit .................................................................................................................AFPL .............A-3

Compilation and Review Guide and Update ............................................................................................CRU4 ............A-4

Compilations and Reviews: Engagement Performance and Annual Update ...........................................CRAU............A-4

Comprehensive Accounting Issues of Estates and Trusts: Fiduciary Accounting and Tax Issues ...........FACT.............A-5

Construction Contractors: Critical Accounting, Auditing, and Tax Issues in Today’s Environment .....................................................................................................CONS............A-5

Corruption and Asset Misappropriation Schemes: The Top 25 Tips onHow to Prevent and Detect Illegal Acts by Employees and Third Parties ...........................................CAM4 ............A-6

Critical Internal Control Concepts Under the Updated Internal Control Framework.................................UIC4 ..............A-6

Critical Things to Know for an Effective and Efficient Financial Statement Audit .....................................AWP4 ............A-7

Current Issues in Accounting and Auditing: An Annual Update ................................................................AAU4.............A-7

Effectively & Efficiently Reviewing Audit Workpapers: The First Line of Defense Against Deficient Audits ........................................................................................................ERAW............A-8

The Essential Audit Toolkit: Best Practices for Smaller Entities ...............................................................ATKN.............A-8

Ethical Considerations for CPAs...............................................................................................................ETH4 .............A-9

Exploring the Updated Internal Control Framework: Critical Concepts inDesign, Evaluation, Implementation, and Monitoring ..........................................................................UICF..............A-9

Fair Value Accounting: Guidance for Practitioners and CPAs in Business and Industry ..........................FAI4...............A-10

Fair Value Accounting: Making the Complex Issues Understandable ......................................................FAIR ..............A-10

FASB Annual Update and Review: Critical Developments for All CPAs...................................................FAUR.............A-11

Financial Reporting Framework for Small and Medium-Sized Entities ....................................................FRFS.............A-11

Financial Reporting Fraud: The Top 25 Tips on How to Prevent andDetect Executives and Managers from Manipulating Financial Statements .......................................MFS4.............A-12

Financial Statement Disclosures: Guide to Current Requirements and Developing Issues.....................FSD4 .............A-12

continued on next page


Table of Contents


Forensic Accounting: A Comprehensive Guide to Conducting Financial Fraud Investigations ................FOAC ............A-13

Forensic Accounting: Critical Phases of an Effective Fraud Investigation................................................FOA4.............A-13

Fraud and Financial Reporting: Don't Be the Next Victim ........................................................................FFR4 .............A-14

Fraud: Catching the Crooks Who Cook the Books...................................................................................CCCB............A-14

I See It! Bringing into Focus the New Clarified Auditing Standards..........................................................GNFR............A-15

IFRS for Nonissuers: What in the World Is Happening? ..........................................................................ISB4 ..............A-15

IFRS for Smaller Entities vs. U.S. GAAP: A Study in How the Financial Statements Look and Feel Different.....................................................................................ISBG..............A-16

OCBOA: Preparing and Reporting on Cash, Modified Cash, and Tax Basis Financial Statements.........CMCT............A-16

Occupational Fraud: The Top 50 Tips on How to Prevent Executives,Managers, and Employees from Stealing and Not Getting Caught.....................................................OCFR............A-17

Preparing OCBOA Financial Statements: Cash, Modified Cash, and Tax Basis......................................CMT4 ............A-17

Protecting You and Your Company from Corruption and Misappropriation Schemes ..............................CMS4 ............A-18

Real-World Fraud: War Stories from the Front Lines ...............................................................................RWFR ...........A-18

Revenue Recognition: A New Day is Dawning.........................................................................................RERE ............A-19

Reviewing Financial Statement Audit Workpapers: The Most Critical Quality Control Considerations ....ERA4.............A-19

Service Organization Reporting Frameworks: Life After SAS 70 .............................................................SORF ............A-20

The Statement of Cash Flows: Preparation Guidance and Presentation Illustrations..............................FLO4 .............A-20

Surgent McCoy's Audit Workshop: Best Practices in Planning and Designing a High-Quality and Profitable Audit ....................................................................................AWPD............A-21

Surgent McCoy's Basic Audit Staff Training – Level I...............................................................................AST1 .............A-21

Surgent McCoy's Beginning In-Charge Training – Level III......................................................................AST3 .............A-22

Surgent McCoy's Experienced Audit Staff Training – Level II ..................................................................AST2 .............A-22

Surgent McCoy's Experienced In-Charge Training – Level IV .................................................................AST4 .............A-23

Surgent McCoy's Practical Guide to Better Substantive Testing and Auditing of Internal Controls..........TAIC ..............A-23

The Top 50 Nonpublic Audit Mistakes Practitioners Make and How to Fix Them ....................................NABB ............A-24


Table of Contents (continued)

A-1


ACAU ANNUAL ACCOUNTING AND AUDITING UPDATE

Designed for accounting and auditing practitioners at all levels in bothpublic accounting and business and industry, this course provides acomprehensive review of the new and recent pronouncements issuedby the FASB, ASB and ARSC. However, not only will this course bringyou up-to-date on the requirements, it also provides you with many examples and hands-on exercises to help you apply the guidance inpractice. You’ll learn about the latest standards, exposure drafts, andguidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes acompilation and review update and current audit risk alert overview.

Major Topics:• Recently issued FASB Accounting Standards Updates• Revenue recognition• Leases• Current FASB exposure drafts and other agenda projects• AICPA, PCPS, and FinREC updates• U.S. GAAP and IFRS convergence review• Overview of the current audit environment and audit risk alert• The Auditing Standards Board’s Clarity Project• Recently issued Auditing Standards Board SASs• The Accounting and Review Services Committee’s Clarity Project• Compilation and review update• What’s in the pipeline for audit and attest, and compilation and

review services

Learning Objectives:• Review and apply recently issued FASB, ASB, and ARSC

pronouncements• Be aware of various standard setters’ agendas, technical plans,

and project updates• Keep abreast of current U.S. GAAP and IFRS convergence efforts• Be familiar with the latest compilation and review activities• Understand recent economic, industry, technical, regulatory, and

professional developments that may affect auditors and the engagements they perform

• Identify important current and emerging practice issues affecting all industries

Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and otherstandard setters’ activitiesLevel of Knowledge: UpdateCPE Credits: 8, Accounting (4) and Auditing (4)Prerequisite: Experience in accounting and auditing

Available in three 4-hour versions. See ACU4 and AUU4 on page A-2, and AAU4 on page A-7.

AAYR A&A YEAR IN REVIEW: EXPLORINGTHE LATEST ISSUES AND CHALLENGES FACING CPAs

With so much going on in the accounting and auditing arena lately, it’s easy to have missed some of the more important issues and challenges facing the profession today and into the near future. Thiscourse, designed for accounting and auditing practitioners at all levelsin both public accounting and business and industry, will provide youwith a year in review look at some of the more important issues andchallenges facing CPAs. We will identify and discuss specific areaswithin the profession that are likely to affect you and your clientsthereby keeping you “in the know” on these critical topics. Examplesand illustrations will be used along with hands-on exercises that allow you to “interact” with the issues to further enhance your understanding and application of the matters presented.

Major Topics:• Big GAAP – Little GAAP (Private Company Financial Reporting)• Changing the auditor reporting model• Revenue recognition• Lease accounting• IFRS – the new U.S. reporting framework?• Reporting in the current economic environment• Fair value measurement and disclosures• The “best of the rest”

Learning Objectives:• Identify current accounting and auditing “hot topics” affecting

the profession• Review the latest issues and challenges facing today’s

practicing CPAs• Apply a hands-on approach using examples, illustrations, and

exercises in understanding how to deal with current and upcoming changes

• Be aware of the direction standard setters are taking critical accounting and auditing matters

• Understand how the current economic environment is affecting financial reporting and audit engagements

Designed For: Accounting and auditing practitioners at all levels desiring to remain “in the know” on current accounting and auditing hot topics and standard setters’ activitiesLevel of Knowledge: UpdateCPE Credits: 8, Accounting (4) and Auditing (4)Prerequisite: Experience in accounting and auditing


AUU4ANNUAL AUDITING UPDATE

Designed for accounting and auditing practitioners at all levels in bothpublic accounting and business and industry, this course provides anoverview of the new and recent pronouncements and guidance issuedby the ASB and ARSC. This course will bring you up-to-date on thestandard setters’ activities and provide you with examples and illustra-tions to help you apply the guidance in practice. You’ll learn about thelatest standards, exposure drafts, and guidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes a compilation and reviewupdate and current audit risk alert summary.

Major Topics:• Overview of the current audit environment and audit risk alert• The Auditing Standards Board’s Clarity Project• Recently issued Auditing Standards Board SASs• The Accounting and Review Services Committee’s Clarity Project• Compilation and review update• What’s in the pipeline for audit and attest, and compilation and

review services

Learning Objectives:• Review recently issued ASB and ARSC pronouncements and

guidance• Be aware of standard setters’ agendas, technical plans, and

project updates• Be familiar with the latest compilation and review activities• Understand recent economic, industry, technical, regulatory,

and professional developments that may affect auditors and the engagements they perform


Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and otherstandard setters’ activitiesLevel of Knowledge: UpdateCPE Credits: 4, AuditingPrerequisite: Experience in the audit function

Available in an 8-hour version. See ACAU on page A-1.

A-2

ACU4 ANNUAL ACCOUNTING UPDATE

Designed for accounting and auditing practitioners at all levels in bothpublic accounting and business and industry, this course provides anoverview of the new and recent accounting pronouncements issued bythe FASB and accounting related activities of the AICPA, PCPS, andFinREC. This course will bring you up-to-date on the standard setters’activities and provide you with examples and illustrations to help youapply the guidance in practice. You’ll learn about the latest standards,exposure drafts, and project agendas focusing on issues applicable toall accounting professionals in public practice as well as business andindustry.

Major Topics:• Recently Issued FASB Accounting Standards Updates• Revenue recognition and leases• Current FASB exposure drafts and agenda projects• AICPA, PCPS, and FinREC updates

Learning Objectives:• Review recently issued FASB Accounting Standards Updates• Be up-to-date regarding revenue recognition and leases• Be aware of FASB and AICPA agendas, technical plans, and

project updates• Identify important current and emerging practice issues affecting

all industries

Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and otherstandard setters’ activitiesLevel of Knowledge: UpdateCPE Credits: 4, AccountingPrerequisite: Experience in financial reporting



A-3

FUR4ANNUAL FASB UPDATE AND REVIEW

Designed for practitioners and their staff, whether in public accountingor business and industry, this course will provide you with an updateand review of FASB accounting and reporting developments. You’llfocus on recently issued Accounting Standards Updates and exposure drafts, analyzing guidance that has a major effect on all industries, including those covering revenue recognition and leases.Special attention is given to standard setters’ activities that affectsmall- and medium-sized entities. You’ll also be kept up to date on current FASB projects and ongoing FASB/IASB convergence activities.

Major Topics:• New and recent FASB Accounting Standards Updates• Revenue recognition and leases• Current FASB exposure drafts• FASB accounting and reporting project update• FASB/IASB international convergence activities

Learning Objectives:• Identify and review the latest FASB accounting and reporting

standards• Review the most recent revenue recognition and leases

EDs/standards• Be aware of current FASB exposure drafts and agenda projects• Recognize FASB/IASB international convergence activities

Designed For: Practicing CPAs and their staffs, both in public accounting and business and industry – controllers, accountants, and other financial accounting personnel involved in financial statement preparation and reviewLevel of Knowledge: IntermediateCPE Credits: 4, AccountingPrerequisite: Experience in financial accounting and reporting

Available in an 8-hour version. See FAUR on page A-11.

AFPL AUDITS OF 401(k) PLANS: NEW DEVELOPMENTS AND CRITICAL ISSUES FOR AN EFFECTIVE AND EFFICIENT AUDIT

One of the most favored employee benefit plans, the 401(k) plan, provides unique challenges for auditors. Obtain an understanding ofthe rules and regulations unique to employee benefit plans with thepractical guidance provided by this course. Auditors will enhance theirknowledge through real world examples, best practices and efficientaudit techniques that can be utilized in various audit engagements.Make sure your audits don’t trigger a DOL inspection by conforming to all applicable rules and regulations.

Major Topics:• Learn how to properly plan your benefit plan audit engagement

and develop an audit strategy while improving overall efficiency• Find out how to avoid common pitfalls in planning and detailed

audit procedures• Annual update of the changes affecting 401(k) plans for the 2012

calendar year-end plans• Description of common mistakes as noted in peer reviews and

DOL inspections

Learning Objectives:• Properly document your understanding of the plan, the

environment and internal controls for an employee benefit plan• Understand the importance of reading, reviewing and documenting

the controls in a Service Organization Control Report• Identify potential audit triggers that may result in an inspection by

the Department of Labor• Understand the risks associated with a benefit plan audit

engagement• Avoid common mistakes noted during peer reviews

Designed For: Practitioners responsible for planning and performingemployee benefit plan audit engagementsLevel of Knowledge: BasicCPE Credits: 8, AuditingPrerequisite: Basic understanding of auditing defined contributionplans


A-4

CRU4COMPILATION AND REVIEW GUIDE AND UPDATE

Specifically designed for compilation and review practitioners and their staff, this course will provide you with an overview, update, andhands-on application for performing compilation and review engage-ments. You’ll learn the ins and outs of SSARS No. 19, Compilation andReview Engagements, the most significant change to the compilationand review standards since their inception over thirty years ago. Notonly will this course bring you up to date on SSARSs requirementsand guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform compilation and review engagements.

Major Topics:• SSARS No. 19, Compilation and Review Engagements• Engagement programs• Designing and performing procedures• Disclosure illustrations• Reporting and other communication requirements• The SSARSs Clarity Project• Other current ARSC agenda items and projects

Learning Objectives:• Understand and apply SSARS No. 19, Compilation and Review

Engagements • Review compilation and review program examples and disclosure

illustrations• Identify and apply compilation and review procedures• Review the most recent compilation and review reports and other

communications• Keep abreast of the SSARSs Clarity Project and other ARSC

agenda items and projects

Designed For: Accounting practitioners and their staff performing and managing compilation and review engagement servicesLevel of Knowledge: UpdateCPE Credits: 4, AuditingPrerequisite: Experience in performing and managing compilationand review engagements

Available in an 8-hour version. See CRAU on the right.

CRAUCOMPILATIONS AND REVIEWS: ENGAGEMENT PERFORMANCE AND ANNUAL UPDATE

Specifically designed for compilation and review practitioners and theirstaff, this course will provide you with a comprehensive review andhands-on application for performing compilation and review engage-ments. You’ll learn the ins and outs of SSARS No. 19, Compilation andReview Engagements, the most significant change to the compilationand review standards since their inception over thirty years ago. Notonly will this course bring you up to date on SSARSs requirementsand guidance, but more importantly, it will provide you with practicalexamples and illustrations to help you effectively and efficiently perform compilation and review engagements. This course is intendedto be your go-to reference for training your staff and managing yourcompilation and review practice services.

Major Topics:• SSARS No. 19, Compilation and Review Engagements• Engagement programs• Designing and performing procedures• Disclosure illustrations• Reporting and other communication requirements• The SSARSs Clarity Project• Other current ARSC agenda items and projects• Peer review findings

Learning Objectives:• Understand and apply SSARS No. 19, Compilation and Review

Engagements • Review compilation and review program examples and disclosure

illustrations• Identify and apply compilation and review procedures• Review the most recent compilation and review reports and other

communications• Keep abreast of the SSARSs Clarity Project, other ARSC agenda

items and projects, and recent compilation and review peer reviewfindings

Designed For: Accounting practitioners and their staff performing and managing compilation and review engagement servicesLevel of Knowledge: UpdateCPE Credits: 8, AuditingPrerequisite: Experience in performing and managing compilationand review engagements

Available in a 4-hour version. See CRU4 on the left.


FACTCOMPREHENSIVE ACCOUNTING ISSUES OF ESTATES AND TRUSTS: FIDUCIARY ACCOUNTING AND TAX ISSUES

Fiduciary income tax is a complex blend of state accounting rates andthe tax law of Subchapter J. Only by understanding this interactioncan the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure tobe an important skill in practice in the new income tax environment.

Major Topics:• Review of major legal and tax concepts • Concepts of fiduciary accounting: Principal and income • The Uniform Principal and Income Act: how specific state laws on

principal and income applied to common expenditures and receipts • How fiduciary accounting determines the timing and amount of

distributions• The crucial differences between fiduciary accounting and tax

accounting • Distinguishing fiduciary accounting income from distributable

net income • Splitting income between the fiduciary and the beneficiaries:

distributable net income• How to set up an accounting system for an estate or trust, prepare

a judicial accounting, and record-keep for fiduciary accounting • How practitioners can handle audits of estates and trusts • Various exercises and problems

Learning Objectives:• Distinguish fiduciary accounting income from taxable income and

distributable net income • Account for distributions for accounting and tax purposes • Identify how the fiduciary income tax return differs from individual

income tax• Understand state law on principal and income

Designed For: All practitioners who wish to learn about the complexand unique accounting issues for estates and trustsLevel of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: None

A-5

CONSCONSTRUCTION CONTRACTORS:CRITICAL ACCOUNTING, AUDITING,AND TAX ISSUES IN TODAY’S ENVIRONMENT

Accounting and financial reporting for construction contractors may bethe most difficult area to be in compliance with the various standards.Also, construction engagements are, in many instances, more "dangerous" than most lines of businesses due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex, anddiscuss the relationship between the contractor and the surety, bothfrom an underwriting and claims perspective. We will also explorewhat the surety looks for in order to maximize potential bond credit,and we will discuss key areas of tax compliance concentrating onthose areas which make construction unique.

Major Topics:• Overall landscape of the construction industry• GAAP and recent changes affecting the construction industry• The FASB Revenue Project and its potential impact on the

surety industry• Unique audit and review issues with construction contractors• The unique relationship between the contractor and the surety• Tax compliance issues facing construction contractors• Going concern disclosures and their importance to the

construction industry

Learning Objectives:• Apply accounting and financial reporting standards to construction

contractors• Perform audit and review engagements for construction clients

according to the Standards as efficiently and effectively as possible• Identify tax compliance issues unique to the construction industry

and apply the latest changes

Designed For: Practitioners who have construction clients and professionals in the construction industry who need to be up-to-dateon the latest informationLevel of Knowledge: IntermediateCPE Credits: 8, Accounting (3), Auditing (3), Taxes (2)Prerequisite: Previous experience in the construction industry or in providing service to construction clients


A-6

UIC4CRITICAL INTERNAL CONTROL CONCEPTS UNDER THE UPDATED INTERNAL CONTROL FRAMEWORK

All successful entities, regardless of nature, size, and complexity, musthave a well-designed and effectively operating system of internal controls over reliable financial reporting, in addition to managing otherrisks. This course will provide practical guidance on exactly what asound system of internal controls "looks like" and the resulting impacton the financial statement audit, particularly for smaller entities. In addition, we will explore COSO’s recent updates to the original 1992Integrated Framework to better manage the unique and challengingrisks of today’s entities.

Major Topics:• Differences between the 1992 version of the framework and the

recently issued COSO guidance• Key components of internal control per the COSO Integrated

Framework, and the important role each plays in the design and operating effectiveness of internal control over reliable financial reporting

• Evaluating design and implementation of an entity’s design on internal controls, including impact on assessment of risk of material misstatement in a financial statement audit

• Testing controls for operating effectiveness, including determiningsufficiency and appropriateness of the nature, timing, and extent of control testing procedures

• Special considerations related to the use of outside service organizations

• Evaluating and communicating identified deficiencies in internalcontrols

Learning Objectives:• Describe important internal control concepts, including identifying

"key controls" in a "top-down" approach to evaluating the designand implementation of internal control over reliable financial reporting

• Discuss the difference between evaluating "design and implementation" and "operating effectiveness"

• Explain the difference between a "material weakness" and a "significant deficiency" as it relates to internal control over reliable financial reporting

Designed For: Accountants both in public and private practice responsible for designing, evaluating and/or monitoring internal controls over financial reporting Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience with designing, evaluating or monitoring internal controls

Available in an 8-hour version. See UICF on page A-9.

CAM4CORRUPTION AND ASSET MISAPPROPRIATION SCHEMES: THETOP 25 TIPS ON HOW TO PREVENTAND DETECT ILLEGAL ACTS BY EMPLOYEES AND THIRD PARTIES

So many managers and auditors implement controls to prevent anddetect corruption and asset misappropriation schemes based upon a“one-size fits all” checklist. Oftentimes, many of the checklist items arenot appropriate to a variety of small, medium, and large businesses or are out-of-date. This course will provide you with a description ofclassic and emerging controls that are effective in reducing the risk of fraud in several types of transaction processing systems. Thesesystems could be manual, a hybrid manual/IT, or even entirely electronic (such as have been proposed for some cloud computing applications). Also, a new model to help managers, accountants, andauditors prevent and detect fraud is presented. This model is designedto encourage those responsible for fraud detection and preventionsystems to consider certain fraud related variables in addition to thosecontained in the traditional fraud triangle (pressure, opportunity, andrationalization).

Major Topics:• Who typically commits corruption and asset misappropriation

schemes• Why control activities controls alone are not sufficient to prevent

and detect fraud in transaction processing systems• Why an understanding of a combined fraud prevention detection

model that includes the Seven Deadly Sins and the Fraud Triangleis important in fraud prevention and detection

• Is the presence of adequate segregation of duties indicative an effective control?

• Collusion with third-parties – a threat to entities of any size• Methods to minimize the amount of fraud losses• Mitigating controls to counter internal control weaknesses in

smaller entities

Learning Objectives:• Identify common red flags associated with various types or

corruption and asset misappropriation schemes• Design cost effective and strong controls for a variety of

transaction processing systems• Obtain an understanding of cost-effective controls to combat

corruption and misappropriation fraud.• Understand how classic and emerging controls can be used to

reduce the risk of corruption and misappropriation schemes

Designed For: Practicing CPAs and accounting professionals in government, business, and industry who wish to enhance their skills about preventing and detecting corruption and asset misappropriation schemes Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience in accounting and reporting

Available in an 8-hour version. See OCFR on page A-17.


A-7

AWP4CRITICAL THINGS TO KNOW FOR AN EFFECTIVE AND EFFICIENT FINANCIAL STATEMENT AUDIT

Generally Accepted Auditing Standards provide guidance regarding an auditor’s proper application of the audit risk model and the resulting design and performance of audit procedures whose nature,timing, and extent are responsive to the assessed risks. When designing your audit plan, how and where you decide to spend yourtime is largely a matter of professional judgment. With an increasedfocus on minimizing the risk that auditors will fail to detect materialmisstatement due to either fraud or error in financial statements, it ismore important than ever that accountants challenge what they aredoing on audits and why.

Major Topics:• The interrelationship of various types of assessed risks in a

financial statement audit engagement • Properly assessing inherent, control, and fraud risk on an

engagement• How to tailor your audit plan based on risk assessment and client

service goals, regardless of entity type

Learning Objectives:• Describe how the nature, timing, and extent of planned audit

procedures can (and should) vary commensurate assessed risk ofmaterial misstatement

• Discuss practical application of audit risk concepts on a financialstatement audit to improve the effectiveness and efficiency of engagements

Designed For: Experienced staff and above in public accounting whowish to learn how to perform a more effective and efficient auditLevel of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience in the audit function

Available in an 8-hour version. See AWPD on page A-21.

AAU4CURRENT ISSUES IN ACCOUNTINGAND AUDITING: AN ANNUAL UPDATE

Designed for accounting and auditing practitioners at all levels in bothpublic accounting and business and industry, this course provides anoverview of the new and recent pronouncements issued by the FASB,ASB, and ARSC. This course will bring you up-to-date on the standardsetters’ activities and provide you with examples and illustrations tohelp you apply the guidance in practice. You’ll learn about the lateststandards, exposure drafts and guidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes a compilation and reviewupdate and current audit risk alert summary.

Major Topics:• Recently issued FASB Accounting Standards Updates• Revenue recognition• Leases• Current FASB exposure drafts and agenda projects• AICPA, PCPS and FinREC updates• Overview of the current audit environment and audit risk alert• The Auditing Standards Board’s Clarity Project• Recently issued Auditing Standards Board SASs• The Accounting and Review Services Committee’s Clarity Project• Compilation and review update• What’s in the pipeline for audit and attest, and compilation and

review services

Learning Objectives:• Review recently issued FASB, ASB, and ARSC pronouncements• Be aware of standard setters’ agendas, technical plans, and

project updates• Be familiar with the latest compilation and review activities• Provide an overview of recent economic, industry, technical,

regulatory, and professional developments that may affect auditorsand the engagements they perform


Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and otherstandard setters’ activitiesLevel of Knowledge: UpdateCPE Credits: 4, Accounting (2) and Auditing (2)Prerequisite: Experience in accounting and auditing



A-8

ERAWEFFECTIVELY AND EFFICIENTLY REVIEWING AUDIT WORKPAPERS: THE FIRST LINE OF DEFENSE AGAINST DEFICIENT AUDITS

Reviewing workpapers is a critical internal quality control safeguard thatensures issued audit reports are appropriate given the specific engage-ment's circumstances. There is a presumption that more experiencedengagement team members should review work performed by less experienced staff. The objective of this course is to provide tips andtechniques for effective and efficient review of audit workpapers, thesuccess of which heavily depends on an auditor’s proper application ofcritical financial statement audit concepts such as assessing audit risk,evaluating revenue recognition, applying substantive analytical procedures, and auditing areas of estimates and uncertainty.

Major Topics:• Understanding the quality control standards and guidance related

to a CPA firm’s responsibilities for its system of quality control overthe audit practice

• The primary purpose of audit documentation, and minimum documentation requirements

• Tips for an efficient workpaper review process that complies with relevant standards

• Emphasizing how to audit certain financial statement areas that commonly contain significant judgments or conclusions that requirestrong supporting audit documentation, including when consultationsmay be appropriate (e.g., substantive analytical procedures, estimates, and revenue recognition)

• Discussing the financial statement audit risk concept, including how proper application better ensures a higher quality audit

• Considering ethics as a critical element of high-quality workpaper reviews

• The critical role of the engagement partner related to the overallquality of an engagement

• The responsibilities of the engagement quality control reviewer inevaluating the significant judgments the engagement team madeand conclusions reached in formulating the report

• The importance of monitoring compliance with engagement qualitycontrol policies and procedures

Learning Objectives:• Describe the most important financial statement audit

documentation requirements• Discuss areas of critical auditor judgments that impact the nature &

extent of audit documentation needed to support audit conclusions • Explain the importance of establishing, applying, and monitoring

quality control policies & procedures related to audit documentation

Designed For: Public accounting professionals with audit supervisionand review responsibilitiesLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Involvement in supervision, review or other quality control functions

Available in a 4-hour version. See ERA4 on page A-19.

ATKNTHE ESSENTIAL AUDIT TOOLKIT: BEST PRACTICES FOR SMALLER ENTITIES

Effectively and efficiently complying with the various auditing stan-dards and professional requirements in financial statement audits ofnon-public entities is a challenge, particularly when dealing with theunique engagement issues that an audit of smaller entities presents.The objective of this course is to provide best practices for critical as-pects of audits of smaller entities.

Major Topics:• Clarifying significant differences in responsibilities related to various

scopes of attest services that public accountants provide, includingtips for avoiding misunderstandings with client management andthose charged with governance

• Pros and cons of “stepping down” in scope of services from an auditto a review or compilation from auditor’s and client’s perspective

• Tips for justifying the rationale for independence conclusions whenattest and non-attest services are provided for audit clients

• Tailoring the standard engagement letter when public accountantsprovide clients with both attest and non-attest services

• Properly documenting required risk assessment procedures, includinghow the various risk assessment activities build upon each other tosupport ultimate conclusions regarding risks of material misstatement

• Providing factors to consider during required engagement team discussions, including real-life examples of potential identified risksand the impact on the detailed audit plan

• Clarifying how key components of internal controls “fit together” in a“top-down” approach to designing “key controls” over reliable financialreporting to avoid material weaknesses in design of internal control

• Providing real-life, practical examples of documenting the identifica-tion and evaluation of the design and implementation of key internalcontrols for typical significant classes of transactions within smallernonpublic entities.

• Describing specific possible alterations to a typical detailed auditplan for a smaller nonpublic entity based on various risk of materialmisstatement assessments

• Describing typical quality control deficiencies related to documentingthe nature, timing, and extent of further audit procedures

• Typical engagement wrap-up issues and concerns

Learning Objectives:• Describe how an external accountant’s responsibilities vary with the

nature of the service being provided, including non-attest services,compilations, reviews, and audits

• Explain the inter-relationship of all the elements in properly evaluating and responding to audit risk

• Discuss opportunities for altering the nature, timing, and extent of auditprocedures consistent with assessed risk of material misstatement

Designed For: Professionals interested in gaining practical insightsinto how to prevent common financial statement audit deficienciesLevel of Knowledge: BasicCPE Credits: 8, AuditingPrerequisite: None


A-9

ETH4ETHICAL CONSIDERATIONS FOR CPAs

CPAs today face greater challenges than ever to maintain the highethical standards of their profession. This course provides a frame-work within which to consider the ethical challenges facing CPAs andfocuses on ethical requirements that CPAs must adhere to in theireveryday practice, including practical examples of potential ethicaldilemmas that practitioners may encounter.

Major Topics:• The CPA’s role in today’s economy• The similarities and differences between individual and

business ethics• The link between ethics, integrity and scruples• The basic attributes of ethics and professional conduct• The history of the CPA profession and the CPA’s requirement to

adhere to ethics policies and codes of conduct • The AICPA’s Code of Professional Conduct and a CPA’s

responsibility to the public, clients, and colleagues• The common rules and statutes faced daily in the CPA

profession. Case studies may also be utilized to present potentialethical dilemmas CPAs may face during their careers.

Learning Objectives:• Understand the attributes of ethics and professional conduct• Identify ethical issues that occur every day in the work environment • Understand those deliberative, emotional, and social skills that

enable a CPA to put their knowledge of the rules into practice inways that are applicable to any situation

Designed For: All CPAsLevel of Knowledge: IntermediateCPE Credits: 4, Behavioral EthicsPrerequisite: Experience in financial reporting

UICFEXPLORING THE UPDATED INTERNALCONTROL FRAMEWORK: CRITICALCONCEPTS IN DESIGN, EVALUATION,IMPLEMENTATION, AND MONITORING

Technological advances, increased regulatory scrutiny, globalization,and other challenges have caused entities and auditors to strugglewith proper consideration of the cost-benefit of internal controls, recog-nizing that a well-designed system does not have to prevent or detectall internal control deficiencies – just the ones that matter most to theentity’s objectives. This course will provide practical guidance on whata sound system of internal controls "looks like" and the resulting impact on the financial statement audit, particularly for smaller entities.


recently issued COSO guidance• The evolution of internal controls theory and practice, including

emerging guidance specific to smaller entities• Key components of internal control per the COSO Integrated

Framework, and the role each plays in the design and operating effectiveness of internal control over reliable financial reporting

• Comparing and contrasting specific types of internal controls• The critical role of information technology (IT) controls in reliable

financial reporting, including both general and application controls• Gaining an understanding of an entity’s design of internal controls• Evaluating design & implementation of an entity’s design on internal

controls (& impact on assessment of risk of material misstatement)• Testing controls for operating effectiveness and determining the

appropriateness of the nature, timing, and extent of control testing• Evaluating the results of tests of controls, including the impact on

the nature, timing and extent of substantive audit procedures• Considerations related to the use of outside service organizations• Differentiating an external auditor’s responsibilities depending on

the professional standards being followed• Evaluating/communicating identified deficiencies in internal controls


"key controls" in a "top-down" approach to evaluating the design &implementation of internal control over reliable financial reporting


• Explain differences between "material weakness" and "significantdeficiency" regarding internal control over reliable financial reporting

Designed For: Accountants responsible for designing, evaluating,and/or monitoring internal controls over financial reportingLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience with designing, evaluating, or monitoring internal controls

Available in a 4-hour version. See UIC4 on page A-6.


A-10

FAI4FAIR VALUE ACCOUNTING: GUIDANCEFOR PRACTITIONERS AND CPAs INBUSINESS AND INDUSTRY

Fair value accounting continues to be one of the most complex andcontroversial areas of accounting today and its impact on the globaleconomy is well documented. The FASB also continues to strugglewith just how its guidance should be applied, as evidenced by the issuance thus far of several FASB Staff Positions and AccountingStandards Updates dealing with fair value issues. This course provides a review of fair value accounting in the context of FASB ASC 820, Fair Value Measurement, and other U.S. accounting standards. The course shows you how to measure the fair value ofspecific balance sheet assets and liabilities using examples and illustrations. The course also includes practical examples of applyingfair value measurements and disclosures under the authoritativeguidance provided in FASB ASC 820 and other U.S. accounting standards.

Major Topics:• FASB ASC 820, Fair Value Measurement• Valuation techniques used to measure fair value• The market approach• The income approach• The cost approach• The fair value hierarchy• Fair value disclosures• The fair value option

Learning Objectives:• Define “fair value” and other key terminology applicable to fair

value accounting• Identify and apply valuation techniques consistent with the market

approach, the income approach, and the cost approach used tomeasure fair value

• Understand and apply the fair value hierarchy established in FASB ASC 820

• Review the expanded fair value disclosure requirements in FASBASC 820

• Recognize the key aspects of the fair value option under FASB ASC 825

• Apply the concepts of fair value accounting through practical examples

• Be up-to-date on any recently issued FASB guidance on fair value accounting

Designed For: Practicing CPAs and accounting professionals in business and industry that prepare or review financial statementsLevel of Knowledge: IntermediateCPE Credits: 4, AccountingPrerequisite: Basic understanding of accounting principles

Available in an 8-hour version. See FAIR on the right.

FAIRFAIR VALUE ACCOUNTING: MAKING THECOMPLEX ISSUES UNDERSTANDABLE

Fair value accounting continues to be one of the most complex and controversial areas of accounting today and its impact on the global economy is well documented. The FASB also continues to strugglewith just how its guidance should be applied, as evidenced by the issuance thus far of several FASB Staff Positions and Accounting Standards Updates dealing with fair value issues. This course provides a comprehensive review of fair value accounting in the context of FASB ASC 820, Fair Value Measurement, and other U.S. accountingstandards. The course shows you how to measure the fair value of specific balance sheet assets and liabilities using examples, illustrations,and brief exercises. The course also includes practical examples andcomprehensive case study reviews of applying fair value measurementsand disclosures under the authoritative guidance provided in FASB ASC 820 and other U.S. accounting standards.

Major Topics:• FASB ASC 820, Fair Value Measurement• Valuation techniques used to measure fair value• The market approach• The income approach• The cost approach• The fair value hierarchy, fair value disclosures, and fair value option• Auditing fair value measurements• Practical application of fair value accounting concepts using

case studies

Learning Objectives:• Define “fair value” and review introductory concepts applicable to

fair value accounting• Identify and apply valuation techniques consistent with the market

approach, the income approach, and the cost approach used to measure fair value


• Examine the expanded fair value disclosure requirements in FASB ASC 820


• Review the basics involved in auditing fair value measurements and disclosures

• Apply the concepts of fair value accounting through examples and case studies


Designed For: Practicing CPAs and accounting professionals in business and industry that prepare or review financial statementsLevel of Knowledge: IntermediateCPE Credits: 8, Accounting (7) and Auditing (1)Prerequisite: Basic understanding of accounting principles

Available in a 4-hour version. See FAI4 on the left.


A-11

FAURFASB ANNUAL UPDATE AND REVIEW: CRITICAL DEVELOPMENTSFOR ALL CPAs

Designed for practitioners and their staff, whether in public accounting or business and industry, this course will provide you with a comprehensive update and review of FASB accounting and reporting developments. You’ll focus on recently issued AccountingStandards Updates and exposure drafts, analyzing guidance that has a major effect on all industries, including those covering revenuerecognition and leases. Special attention is given to standard setters’activities that affect small- and medium-sized entities. Examples, illustrations, and hands-on application exercises will be used to helpyou assess and implement the new standards applicable to your organization. You’ll also be kept up-to-date on current FASB projectsand ongoing FASB/IASB convergence activities.

Major Topics:• New and recent FASB Accounting Standards Updates• Revenue recognition• Leases• Current FASB exposure drafts• FASB Accounting and Reporting Project update• FASB/IASB international convergence activities• The FASB Accounting Standards Codification

Learning Objectives:• Identify and apply the latest FASB accounting and reporting


EDs/standards• Be aware of current FASB exposure drafts and projects• Recognize FASB/IASB international convergence activities• Understand the FASB Accounting Standards Codification

Designed For: Practicing CPAs and their staffs, both in public accounting and business and industry – controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review Level of Knowledge: IntermediateCPE Credits: 8, AccountingPrerequisite: Experience in financial accounting and reporting

Available in a 4-hour version. See FUR4 on page A-3.

FRFSFINANCIAL REPORTING FRAMEWORKFOR SMALL AND MEDIUM-SIZED ENTITIES

The AICPA has developed and released its new financial reportingframework for small and medium-sized entities (FRF for SMEs), noting – “millions of private companies do not need to use or are notrequired to provide stakeholders financial statements prepared in accordance with U.S. GAAP but want an accounting system that has undergone public comment. The FRF for SMEs is a non-GAAP financial reporting solution that will be an option for millions of America’s private companies.” For many small and medium-sizedbusinesses, preparing financial statements using the special purpose framework, FRF for SMEs, may provide an alternative to the complexity of U.S. GAAP. This course will provide you with a comprehensive review of the FRF for SMEs as well as hands-on application examples and exercises, illustrative financial statements,and a disclosure checklist for use in preparing and reporting on FRF for SMEs financial statements.

Major Topics:• FRF for SMEs• Application examples and exercises• Illustrative FRF for SMEs financial statements• Disclosure checklist for use with FRF for SMEs

Learning Objectives:• Review the newly released financial reporting framework –

FRF for SMEs • Understand how to apply FRF for SMEs using hands-on

examples and exercises • Identify important aspects of FRF for SMEs financial statements• Be aware of disclosures applicable to FRF for SMEs

Designed For: Small and medium-sized business owners, financialstatement preparers, and accounting/auditing practitioners at all levels desiring a thorough understanding and application of the FRF for SMEsLevel of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: Basic understanding of financial reporting concepts


A-12

FSD4FINANCIAL STATEMENT DISCLOSURES: GUIDE TO CURRENTREQUIREMENTS AND DEVELOPING ISSUES

A clear and concise set of proper financial statement disclosures canmake or break an entity’s financial statements. Such disclosures areno longer simply “additional information” provided by a business; theycan be complex in nature and difficult to both prepare and understand.Oftentimes, financial statement users will first turn to the notes in thefinancial statements in order to get a feel for where the business andits numbers might be heading. This course will focus on key balancesheet and income statement disclosure requirements in accordancewith U.S. GAAP as well as those relating to accounting policies,changes in accounting estimates and errors, subsequent events, and related party disclosures. The course will use illustrations andreal-world examples from published financial statements to provideyou with a hands-on feel for the disclosure requirements across anumber of accounting standards.

Major Topics:• Financial statement disclosure requirements in accordance with

U.S. GAAP• Balance sheet and income statement disclosure and presentation

issues• Illustrations and real-world disclosure examples from published

financial statements• Developing disclosure and presentation issues

Learning Objectives:• Understand and apply the professional requirements and guidance

for preparing financial statement disclosures in accordance withU.S. GAAP

• Identify balance sheet and income statement disclosure and presentation issues

• Review illustrations and real-world disclosure examples from published financial statements

• Be familiar with developing disclosure and presentation issues

Designed For: CPAs and other accounting professionals in publicpractice and business and industry involved in preparing financialstatement disclosures Level of Knowledge: BasicCPE Credits: 4, AccountingPrerequisite: None

MFS4FINANCIAL REPORTING FRAUD: THETOP 25 TIPS ON HOW TO PREVENTAND DETECT EXECUTIVES AND MANAGERS FROM MANIPULATING FINANCIAL STATEMENTS

After such classic fraudulent financial fraud cases like Enron, WasteManagement, and Adelphia Communications, stringent regulationsand professional standards were established to combat these costlytypes of occupational fraud schemes. However, financial reportingfrauds still occurred after corporations implemented these stringentregulations and professional standards. This course explores why financial reporting frauds are still occurring and provides cost-effectivesolutions to help reduce the risk of financial reporting fraud.

The five components of internal control are also addressed as to how,even in smaller entities, controls can contribute to reducing the risk offinancial statement fraud. Additionally, a new model to help managers,accountants, and auditors prevent and detect financial statement fraudis presented. This model is designed to encourage those responsiblefor fraud detection and prevention systems to consider certain fraudrelated variables in addition to those contained in the traditional fraudtriangle (pressure, opportunity, and rationalization).

Major Topics:• Who commits various types of occupational fraud and why they do it• Why an understanding of a combined fraud prevention detection


• Why internal controls alone are not sufficient to prevent/detect fraud• Methods to minimize the amount of financial fraud losses• Mitigating controls to counter internal control weaknesses over

financial reporting in smaller entities

Learning Objectives:• Understand why and how the control environment, risk assessment,

information and communication, and monitoring components of internal control contribute to mitigating risks of financial statement manipulation

• Develop an anti-fraud program based upon an understanding ofcommon elements contained in those programs

• Identify common red flags associated with various types of financialreporting fraud – in addition to the traditional ones contained in thefraud triangle – pressure, opportunity, and rationalization

• Understand the components of an anti-fraud program• Obtain an understanding of cost-effective controls to combat

financial reporting fraud

Designed For: Practicing CPAs and accounting professionals in government, business, and industry who wish to enhance their fraud prevention and detection skills Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience in accounting and reporting

Available in an 8-hour version. See OCFR on page A-17.


A-13

FOACFORENSIC ACCOUNTING: A COMPRE-HENSIVE GUIDE TO CONDUCTING FINANCIAL FRAUD INVESTIGATIONS

This course provides an in-depth review of the major processes thatare performed in a financial fraud investigation. These processes include planning, hypothesis generation, Internet-based and othertypes of research, link analysis, statistical and other forms of dataanalysis, interviews and interrogations, and several other phases. This course furnishes accounting and other professionals with an understanding of the tasks that a financial forensic accountant andothers perform during a financial fraud investigation. The relativestrengths and weaknesses of the various investigative techniques areaddressed. This course also provides external auditors with guidanceas to when they should transition from being an auditor conducting afinancial statement audit into an investigator conducting a financialfraud engagement when fraud is discovered during the financial state-ment audit. Auditing standards that address both management’s andthe external auditors’ responsibility concerning fraud are presented todelineate the difference between fraud considerations during an auditof financial statements with a financial fraud investigation.

Major Topics:• Are accounting and other anomalies error or fraud?• How to generate hypotheses concerning the financial fraud• Low-cost forensic techniques that should be performed early in the

investigation to quickly refute or accept different fraud hypotheses• Actual financial fraud cases that occurred in both the public and

private sectors illustrate some of the major investigative techniques• The different players who are typically involved in a financial fraud

investigation and their respective roles• Software used in data analysis, link analysis, and evidence gather-

ing that can make the investigation more effective and efficient• Advantages and disadvantages of different investigative techniques• Distinctions and similarities between financial statement,

misappropriation of assets, and corruption frauds investigations

Learning Objectives:Enhance the accounting professional’s knowledge of the activities performed in a financial fraud investigation so that he/she can:• Understand the various phases of a financial fraud investigation• Possibly provide oversight of the investigation• Value the roles played by various parties in the investigation• Know how best to react when fraud is suspected• Appreciate why financial fraud investigations can be quite expensive• Recognize red flags that might be indicative of financial fraud

Designed For: Practicing CPAs and accounting professionals in non-profits, government, business, and industry who wish to enhance their financial fraud investigation skills Level of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in accounting and reporting

Available in a 4-hour version. See FOA4 on the right.

FOA4FORENSIC ACCOUNTING: CRITICALPHASES OF AN EFFECTIVE FRAUD INVESTIGATION

This course provides a review of the critical processes that are performed in a financial fraud investigation. These processes includeplanning, hypothesis generation, Internet-based and other types of research, link analysis, statistical and other forms of data analysis, interviews and interrogations, and several other phases. This coursefurnishes accounting and other professionals with an understanding of the tasks that a financial forensic accountant and others perform during a financial fraud investigation. The relative strengths and weaknesses of the various investigative techniques are addressed.

Major Topics:• The critical financial fraud investigative phases• Hypotheses generation – internal and external factors• The importance of the early phases to the overall investigation• Techniques to acquire various forms of paper and electronic

evidence• Software used in data and link analysis and other phases that can

make the investigation more effective and efficient• Interviews and interrogations – various techniques to elicit

information and confessions• Observational techniques – traditional and nontraditional

Learning Objectives:• Understand the critical phases of a financial fraud investigation

and their relative strengths and weaknesses• Identify red flags that might be indicative of financial fraud• Understand the roles of various players involved in a financial

fraud investigation• Recognize when a financial forensic specialist is needed


Available in an 8-hour version. See FOAC on the left.


A-14

CCCBFRAUD: CATCHING THE CROOKSWHO COOK THE BOOKS

Fraud is a growing problem that costs the U.S. hundreds of billions ofdollars each year. The purpose of this course is to help participantsunderstand the nature of fraud, profile who commits it and why, andlearn how to prevent it from occurring and detect it when it does occur.Many real live cases of fraud are used to illustrate its concepts andpreventative applications.

Major Topics:• Nature and elements of a typical fraud • Types of fraud: fraudulent financial reporting, misappropriation of

assets, vendor fraud, customer fraud, and investment fraud • Who commits fraud: profile of the typical fraud perpetrator • Social forces contributing to fraud • Three-step fraud process: commit, conceal, convert to personal use • Why fraud occurs: fraud triangle of pressures, opportunities, and

lack of personal integrity • The pressures that motivate fraud • Opportunities that allow fraud to occur • Rationalizations that allow perpetrators to excuse their lack of

integrity. • Fraud prevention: a three-pronged approach:

• Minimizing financial, work-related, and lifestyle pressures that motivate fraud

• Minimizing opportunities that allow fraud to occur • Maximizing personal integrity

• How fraud symptoms can help alert individuals when a fraud has occurred

• Fraud-symptom categories (financial statement, unusual relationships, accounting, organizational, related party, outsider relationships, internal control, personal conduct, informant, lifestyle, and corporate culture)

• Specific fraud symptoms and examples of how they can tip-off the presence of fraud

• Fraud-detection techniques

Learning Objectives:• Explain the nature and elements as well as the types of fraud• Describe the three-step fraud process, including who commits

fraud and why• Understand how to prevent fraud by minimizing pressures and

opportunities and maximizing personal integrity• Describe and explain the various symptoms that alert people to

the possible presence of fraud

Designed For: Practicing CPAs and accounting professionals in business and industry that are responsible for the integrity of financial information Level of Knowledge: BasicCPE Credits: 8, AuditingPrerequisite: None

FFR4FRAUD AND FINANCIAL REPORTING:DON’T BE THE NEXT VICTIM

Just when you think you’ve heard and seen it all, another fraud casetops the headlines. Why do these frauds keep happening, and whatcan you do to prevent them? Come join us for an interactive sessionas we review landmark and recent financial reporting fraud cases thatoccurred in the real world. We’ll discuss how to identify this type offraud and what you can do to detect and prevent this criminal act.We’ll also show you how to identify the red flags in financial reportingfrauds and review some of the most outrageous schemes. Don’t become the next victim of financial reporting fraud – come and seehow these financial fraud schemes were conducted and learn howthey were discovered.

Major Topics:• Discussion on how financial frauds occur• Schemes to perpetrate a variety of financial frauds• Relevant investigative techniques• Preventative and detective controls• Discussion on what controls failed• Update on what happened to the perpetrators

Learning Objectives:• Identify some of the early warning signs of financial fraud and

how financial frauds occur• Detect financial reporting schemes and understand how to

prevent them• Design preventative and detective controls to mitigate future

financial fraud risks• Understand the auditor’s responsibility in detecting financial fraud• Understand management’s responsibility concerning financial fraud

Designed For: Practicing CPAs and accounting professionals in business and industry that are responsible for the integrity of financial information Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience in accounting and reporting

Available in an 8-hour version. See RWFR on page A-18.


A-15

ISB4IFRS FOR NONISSUERS: WHAT IN THE WORLD IS HAPPENING?

There has been a recent major “push” to converge U.S. GAAP with International Financial Reporting Standards (IFRS). The first wave of change will mostly impact issuers regulated by the SEC, who maydecide by the end of 2012 whether to begin mandating the use ofIFRS. However, as with any changes to professional and regulatorystandards related to issuers, the impact on non-issuers will not be farbehind. In fact, there is already an increasing demand for a single setof globally accepted simplified accounting standards for non-issuersas well, which resulted in the release of IFRS for Small- and Medium-Sized Entities. Perhaps this will evolve into little U.S. GAAP for U.S.non-issuers in the very near future?

Major Topics:• What is the history behind the need and desire for convergence? • What should non-issuers expect as a result of the convergence

trend? • What are the highlights of differences between U.S. GAAP and

IFRS for Small and Medium-Sized Entities? • How will convergence most significantly impact financial statements

of non-issuers?

Learning Objectives:• Describe an overview of the anticipated impact of U.S. GAAP

convergence with IFRS, with emphasis on non-issuers that tend to have less complex accounting and financial reporting issues

• Communicate from a knowledgeable perspective as this topic gains momentum and private entities and nonprofits start asking,“What does this mean to me?”

Designed For: Anyone interested in the potential impact of the use of IFRS for Small and Medium-Sized Entities Level of Knowledge: BasicCPE Credits: 4, AccountingPrerequisite: None

Available in an 8-hour version. See ISBG on page A-16.

GNFR I SEE IT! BRINGING INTO FOCUS THE NEW CLARIFIED AUDITING STANDARDS

The AICPA’s Clarified Auditing Standards are now effective! As youare implementing the standards, make sure you are focusing in on themost crucial issues. Find out what the first comprehensive rewrite ofthe SASs since 1972 entails and its implications on your auditing practice. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• Overview of why the Clarity Project was undertaken and how it

changed the way standards are written• The convergence of the AICPA SASs and International Standards

on Auditing (ISAs)• The components of the clarified standards (i.e., introduction;

objective; definitions; requirements; and application and other explanatory material)

• The inclusion of special considerations relevant to audits of smaller, less complex entities and audits of governmental entities

• New auditing standards terminology being introduced with the clarified standards (e.g., applicable financial reporting framework,emphasis-of-matter and other-matter paragraphs, and group engagement partner and component auditor)

• Key changes being made to the auditing standards (e.g., changesin report wording, procedures related to detecting illegal acts, andopening balances in initial audits)

• Standards that changed the most and least as a result of the Clarity Project

• Tips for transitioning to the new standards

Learning Objectives:• Stay current in the complex and ever-changing auditing

environment• Fundamentally understand the who, what, and when of the

clarified standards• Prepare yourself and your firm for implementation of the clarified

standards

Designed For: All auditorsLevel of Knowledge: Basic CPE Credits: 8, Auditing Prerequisite: Basic audit knowledge


A-16

CMCTOCBOA: PREPARING AND REPORTINGON CASH, MODIFIED CASH, AND TAXBASIS FINANCIAL STATEMENTS

For many businesses, preparing financial statements using an OtherComprehensive Basis of Accounting (OCBOA, or the new audit terminology "Special Purpose Framework") may provide an alternativeto the complexity of U.S. GAAP. This course will provide you with acomprehensive review and hands-on application for preparing and reporting on OCBOA financial statements. You will learn the uniquemeasurement and disclosure requirements of various OCBOA optionsusing example financial statements and illustrative disclosures. Thecourse will also guide you through OCBOA engagements from acceptance and planning to reporting, highlighting common practiceissues. You will also be kept up-to-date on the AICPA’s planned development of OCBOA for small- and medium-sized entities.

Major Topics:• AU-C Section 800: Special Considerations – Audits of Financial

Statements Prepared in Accordance With Special Purpose Frameworks

• SSARS No. 19, Compilation and Review Engagements (provisionsrelated to OCBOA)

• OCBOA-related AICPA Technical Practice Aids• Cash basis and modified cash basis financial statements• Income tax basis financial statements• OCBOA accounting and presentation issues• OCBOA disclosures• OCBOA reporting requirements

Learning Objectives:• Review the limited authoritative and non-authoritative literature

covering other comprehensive bases of accounting (specialpurpose frameworks)

• Learn how to prepare and report on OCBOA financial statementsusing the cash, modified cash, and tax basis of accounting

• Be aware of OCBOA accounting and presentation issues• Review the disclosure requirements for OCBOA financial

statements• Understand OCBOA reporting requirements

Designed For: Practitioners and staff involved with the preparation ofcash and tax basis financial statements Level of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: None

Available in a 4-hour version. See CMT4 on page A-17.

ISBGIFRS FOR SMALLER ENTITIES VS. U.S. GAAP: A STUDY IN HOW THEFINANCIAL STATEMENTS LOOK ANDFEEL DIFFERENT

Did you know that small and medium-sized entities represent morethan 95% of all companies? International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs) wasreleased in final form in July 2009 as an accepted modification andsimplification of full IFRS. Smaller entities often produce financialstatements only for the use of owner-managers, existing and potentialcreditors, credit rating agencies, vendors, customers, etc. IFRS forSMEs is aimed at meeting the needs of smaller entity financial statement users, while easing the financial reporting burden on private companies that do not have public accountability.

While U.S. financial, accounting and audit professionals have an existing familiarity and comfort with U.S. GAAP, an increasing numberof these same professionals are being asked to prepare or report on financial statements using IFRS (as either a mandatory or voluntary alternative). A practical knowledge of IFRS for SMEs is important forprofessionals providing accounting, reporting or attest services for private entities, especially when private company stakeholders and financial statement users require financial statements prepared under international standards.

Major Topics:• Why and how IFRS for SMEs emerged as a viable option for

financial accounting and reporting for private entities worldwide• Circumstances under which U.S. entities may find it necessary

and/or desirable to implement IFRS for SMEs over U.S. GAAP• How IFRS for SMEs is organized to meet the primary objectives of

financial statements for small and medium-sized entities withoutpublic accountability

• Comparing and contrasting financial statement recognition andpresentation under the two acceptable sets of standards

• Illustrative financial statements prepared under IFRS for SMEs,highlighting how they “look and feel different” from the same financial statements prepared under U.S. GAAP

Learning Objectives:• Describe how financial statements prepared under IFRS for SMEs

differ in both look and feel from those prepared under U.S. GAAP• Discuss why international financial reporting standards were

created, and the resulting impact on U.S. GAAP (both currently and in the future)

Designed For: Professionals interested in gaining real-life, practicalinsight into how financial statement recognition and presentation actually varies between IFRS for SMEs and U.S. GAAP Level of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: None

Available in a 4-hour version. See ISB4 on page A-15.


A-17

CMT4PREPARING OCBOA FINANCIAL STATEMENTS: CASH, MODIFIED CASH, AND TAX BASIS

For many businesses, preparing financial statements, using an OtherComprehensive Basis of Accounting(OCBOA, or the new audit terminology "Special Purpose Framework") may provide an alternativeto the complexity of U.S. GAAP. This course will provide you with anoverview and hands-on application for preparing and reporting onOCBOA financial statements. You will learn the unique measurementand disclosure requirements of various OCBOA options using examplefinancial statements and illustrative disclosures. The course will alsoguide you through OCBOA engagements, highlighting common practice issues. You will also be kept up-to-date on the AICPA’splanned development of OCBOA for small- and medium-sized entities.

Major Topics:• AU-C Section 800: Special Considerations – Audits of Financial

Statements Prepared in Accordance With Special Purpose Frameworks

• SSARS No. 19, Compilation and Review Engagements (provisionsrelated to OCBOA)

• OCBOA-related AICPA Technical Practice Aids• Cash basis and modified cash basis financial statements• Income tax basis financial statements• OCBOA accounting and presentation issues• OCBOA disclosures• OCBOA reporting requirements

Learning Objectives:• Review the limited authoritative and non-authoritative literature

covering other comprehensive bases of accounting (specialpurpose frameworks)

• Learn how to prepare and report on OCBOA financial statementsusing the cash, modified cash, and tax basis of accounting

• Be aware of OCBOA accounting and presentation issues• Review the disclosure requirements for OCBOA financial

statements• Understand OCBOA reporting requirements

Designed For: Practitioners and staff involved with the preparation of cash and tax basis financial statements Level of Knowledge: BasicCPE Credits: 4, AccountingPrerequisite: None

Available in an 8-hour version. See CMCT on page A-16.

OCFROCCUPATIONAL FRAUD: THE TOP 50 TIPS ON HOW TO PREVENT EXECUTIVES, MANAGERS, AND EMPLOYEES FROM STEALING AND NOT GETTING CAUGHT

Many managers or auditors implement controls to prevent and detectfraud based on a “one-size fits all” checklist. Many times, the checklistitems are not appropriate to businesses, or are out of date. Thiscourse provides a description of classic and emerging controls that are effective in reducing the risk of fraud in a variety of transaction processing systems. They could be manual, a hybrid manual/IT, oreven entirely electronic (such as those proposed for some cloud computing applications). The five components of internal control areaddressed as to how, even in smaller entities, controls can contributeto reducing the risk of fraud – including financial statement fraud. Also,a new model to help managers, accountants, and auditors to preventand detect fraud is presented. This model is designed to encouragethose responsible for fraud detection and prevention systems to con-sider certain fraud related variables in addition to those contained inthe traditional fraud triangle (pressure, opportunity, rationalization).



• Why internal controls alone are not sufficient to prevent/detect fraud• Is the presence of adequate segregation of duties indicative of an

effective control?• Collusion with third-parties – a threat to entities of any size• Methods to minimize the amount of fraud losses• Mitigating controls to counter internal control weaknesses in

smaller entities

Learning Objectives:• Identify common red flags associated with various types of

occupational fraud – in addition to the traditional ones contained in the fraud triangle – pressure, opportunity, and rationalization

• Design cost effective and strong controls for a variety of transaction processing systems

• Understand why and how the control environment, risk assessment,information & communication, & monitoring components of internalcontrol contribute to mitigating the risks of occupational fraud

• Understand the components of an anti-fraud program• Obtain an understanding of cost-effective controls to combat fraud

Designed For: Practicing CPAs and accounting professionals in government, business, and industry who wish to enhance their fraud prevention and detection skillsLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in accounting and reporting

Available in two 4-hour versions. See MFS4 on page A-12and CAM4 on page A-6.


A-18

RWFRREAL-WORLD FRAUD: WAR STORIES FROM THE FRONT LINES

Just when you think you’ve heard and seen it all, another fraud casetops the headlines. Why do these frauds keep happening, and whatcan you do to prevent them? Come join us for an interactive sessionas we review landmark and recent corruption, financial reporting, andmisappropriation fraud cases that occurred in the real world. We’ll discuss how to identify these types of fraud and what you can do todetect and prevent these criminal acts. We’ll also show you how to identify the red flags in corruption, financial reporting, and misappropriation frauds and review some of the most outrageousschemes. Don’t become the next victim of fraud – come and see howthese schemes were conducted and learn how they were discovered.

Major Topics:• Discussion on how corruption, financial, and misappropriation

frauds occur• Schemes to perpetrate a variety of frauds• Relevant investigative techniques• Preventative and detective controls• Discussion on what controls failed• Ponzi and other schemes• Update on what happened to the perpetrators

Learning Objectives:• Identify some of the early warning signs of fraud and how

frauds occur• Detect corruption, financial reporting, and misappropriation

schemes and understand how to prevent them• Design preventative and detective controls to mitigate future

fraud risks• Understand management’s responsibility concerning fraud• Understand the auditor’s responsibility in detecting fraud

Designed For: Practicing CPAs and accounting professionals in business and industry that are responsible for the integrity of financial informationLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in accounting and reporting

Available in two 4-hour versions. See CMS4 on the leftand FFR4 on page A-14.

CMS4PROTECTING YOU AND YOUR COMPANY FROM CORRUPTION ANDMISAPPROPRIATION SCHEMES

Just when you think you’ve heard and seen it all, another fraud casetops the headlines. Why do these frauds keep happening, and whatcan you do to prevent them? Come join us for an interactive sessionas we review landmark and recent corruption and misappropriationfraud cases that occurred in the real world. We’ll discuss how to identify these types of fraud and what you can do to detect and prevent these criminal acts. We’ll also show you how to identify thered flags in corruption and misappropriation frauds and review some of the most outrageous schemes. Don’t become the next victim offraud – come and see how these schemes were conducted and learnhow they were discovered.

Major Topics:• Discussion on how corruption and misappropriation frauds occur• Schemes to perpetrate a variety of corruption and

misappropriation frauds• Relevant investigative techniques• Preventative and detective controls• Discussion on what controls failed• Ponzi and other schemes• Update on what happened to the perpetrators

Learning Objectives:• Identify some of the early warning signs of fraud and how frauds

occur• Detect corruption and misappropriation schemes and understand

how to prevent them• Design preventative and detective controls to mitigate future

fraud risks• Understand the auditor’s responsibility in detecting corruption and

misappropriation fraud• Understand management’s responsibilities concerning corruption

and misappropriation fraud


Available in an 8-hour version. See RWFR on the right.


A-19

ERA4REVIEWING FINANCIAL STATEMENTAUDIT WORKPAPERS: THE MOSTCRITICAL QUALITY CONTROL CONSIDERATIONS

Reviewing workpapers is a critical internal quality control safeguardthat ensures issued audit reports are appropriate given the specific engagement circumstances. The objective of this course is to providetips and techniques for effective and efficient review of audit workpapers as a means of monitoring compliance with relevant professional and regulatory standards.

Major Topics:• Understanding the quality control standards and guidance related

to a CPA firm’s responsibilities for its system of quality control overthe audit practice

• The primary purpose of audit documentation, and minimum documentation requirements

• Tips for an efficient workpaper review process that complies withrelevant standards

• Considering ethics as a critical element of high-quality workpaperreviews

• The critical role of the engagement partner related to the overallquality of an engagement

• The responsibilities of the engagement quality control reviewer inevaluating the significant judgments the engagement team madeand conclusions reached in formulating the report

Learning Objectives:• Describe the most important financial statement audit

documentation requirements• Discuss areas of critical auditor judgments that impact the nature

and extent of audit documentation needed to support audit conclusions

• Explain the importance of establishing, applying, and monitoringquality control policies and procedures related to audit documentation

Designed For: Public accounting professionals with audit supervisionand review responsibilities Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Involvement in supervision, review, or other quality control functions

Available in an 8-hour version. See ERAW on page A-8.

REREREVENUE RECOGNITION: A NEW DAYIS DAWNING

The FASB and the IASB are expected to issue the final standard onrevenue recognition in the first quarter of 2013. Currently in the re-exposure draft, the changes to revenue recognition are expected to be extensive, so make sure you are ready for the changes. This program will provide participants with practical guidance about how to work with the new concepts and principles being proposed by theFASB. In addition, this manual will discuss general principles of revenue recognition, revenue recognition for products and services,and accounting for multiple element arrangements.

Major Topics:• General principles of revenue recognition for products and services• Changes in revenue recognition guidance for 2013• Economic approach to recognizing revenue for multiple element

arrangements• Detailed analysis of ASU 2009-13, Revenue Recognition with

Multiple Deliverables• Detailed analysis of ASU 2009-14, Certain Revenue

Arrangements That Include Software Elements• Detailed analysis of the re-exposure draft, Revenue from

Contracts with Customers

Learning Objectives:• Understand how the implementation of a more economic approach

to revenue recognition changes accounting processes and reportedresults for companies (ASU 2009-13 & 2009-14)

• Examine and evaluate the general issues regarding the timing and amount of revenue recognition

• Understand the new revenue recognition proposal and its impact on financial statements

• Determine the impact of the new standards on revenue accounting processes and financial statements

Designed For:• Staff accountants who need to “get up-to-speed” on the changes

in revenue recognition • Controllers responsible for a unit's financial statements • Accounting managers responsible for preparing financial

statements • Finance staff who want a review of how financial statements will

change under existing and new guidance for revenue recognitionLevel of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: Basic understanding of current revenue recognitionguidance


A-20

FLO4THE STATEMENT OF CASH FLOWS:PREPARATION GUIDANCE AND PRESENTATION ILLUSTRATIONS

From its humble beginnings way back in 1963 when the AccountingPrinciples Board “encouraged” the presentation of a funds statement,the Statement of Cash Flows has made its way to a required, critical,and often considered the most important financial statement in an entity’s financial reporting package. This course will provide you withan overall review of the authoritative literature used for preparing a statement of cash flows, FASB Accounting Standards Codification230, Statement of Cash Flows, as well as implementation guidanceand real world presentation examples from published financial statements. Hands-on exercises will be used to help you apply the requirements and guidance which can be challenging especially inthose situations when nonoperating changes in assets and liabilitiesare involved. Disclosure requirements will also be reviewed and illustrated across a number of accounting standards.

Major Topics:• FASB ASC 230, Statement of Cash Flows• The indirect and direct methods for preparing the operating section• Operating activities, investing activities, and financing activities• Disclosure requirements and issues


for preparing a statement of cash flows found in FASB ASC 230,Statement of Cash Flows

• Identify and properly classify transactions and events on the statement of cash flows

• Review presentation and disclosure issues relating to the statement of cash flows

• Prepare the statement of cash flows in accordance with U.S. GAAP

Designed For: Accounting practitioners in public practice and business and industry involved in preparing the statement of cashflows; other financial professionals who review, analyze, and use thestatement of cash flows including lenders, creditors, investors, and financial analysts Level of Knowledge: BasicCPE Credits: 4, AccountingPrerequisite: None

SORFSERVICE ORGANIZATION REPORTINGFRAMEWORKS: LIFE AFTER SAS 70

In today's global business environment, outsourcing has become astandard operating procedure for many companies both large andsmall. Payroll processing, healthcare administration and now cloudcomputing are just a few examples of core business processes thattoday's entities are outsourcing to service organizations. Previously,the risks of outsourcing were dealt with under SAS No. 70, Service Organizations. However, three new service organization reports,SOC1SM, SOC2SM, and SOC3SM have now been developed to replace the old SAS 70 reporting. This course will provide you with a comprehensive review and application of the new authoritative standards and other guidance for dealing with service organizations.Whether you are a "user auditor" of an entity using a service organization or a "service auditor" examining and reporting on controls at a service organization, this course will help you to understand the new service organization reporting frameworks, when to apply them, and the risks associated with an entity's outsourcing of business functions to a service provider.

Major Topics:• AU-C Section 402, Audit Considerations Relating to an Entity Using

a Service Organization, effective for audits of financial statementsfor periods ending on or after December 15, 2012

• SSAE No. 16, Reporting on Controls at a Service Organization(currently effective)

• SOC1SM, SOC2SM, and SOC3SM reporting frameworks • Service organization risk and other outsourcing matters

Learning Objectives:• Review and apply the recently issued authoritative standards and

other guidance relating to user auditors and service auditors • Understand the new SOC1SM, SOC2SM, and SOC3SM reporting

frameworks, when to apply them, and the various types of serviceorganization reports

• Be aware of service organization risks and other outsourcing matters

Designed For: Practitioners engaged to audit an entity that uses aservice organization (user auditors) or engaged to audit a service organization itself (service auditors)Level of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Basic understanding of outsourcing concepts or priorexperience as a user auditor or as a service auditor


A-21

AWPDSURGENT McCOY’S AUDIT WORKSHOP: BEST PRACTICES INPLANNING AND DESIGNING A HIGH-QUALITY AND PROFITABLE AUDIT

Generally accepted auditing standards provide guidance regarding anauditor’s proper application of the audit risk model, and the resultingdesign and performance of audit procedures whose nature, timing, andextent are responsive to the assessed risks. Correct application of therecently enhanced generally accepted auditing standards should resultin more effective audits. With an increased focus on minimizing the riskthat auditors will fail to detect material misstatement due to either fraudor error in financial statements, it is more important than ever that accountants challenge what they are doing on audits and why. Criticallyrethinking how you plan and design your audit not only ensures thatyou are doing an effective audit, but often has the added benefit of discovering ways to improve efficiency! The tips and techniques taughtin this course will enhance quality and help you manage profitability.

Major Topics:• Understand the impact of the risk-based audit concepts on financial

statement audits • Understand the various types of risk on an audit engagement. • Properly assessing inherent, control, & fraud risk on an engagement• Compare and contrast typical risk assessments related to for-profit,

nonprofit, and local government clients• Learn how to tailor your audit plan based on risk-assessment and

client-service goals, regardless of entity type • Discover effective and efficient workpaper documentation techniques• Compare workpaper documentation standards for various types of

audits (including PCAOB and Yellow Book) • Understand how to use the workpaper review process as a tool for

producing a higher quality and more profitable engagement • Master how to use the client to your advantage in planning and

performing the audit• Learn how to get the engagement done – on time and on budget!

Learning Objectives:• Describe how the nature, timing, and extent of planned audit

procedures can vary with assessed risk of material misstatement • Discuss practical application of audit risk concepts on a financial

statement audit to improve engagement effectiveness & efficiency• Explain the impact that strong project and engagement management

can have on improving profitability

Designed For: Experienced staff and above in public accounting who wish to learn how to perform a better audit, as well as comply with the SASs Level of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in the audit function

Available in a 4-hour version. See AWP4 on page A-7.

AST1SURGENT McCOY’S BASIC AUDITSTAFF TRAINING – LEVEL I

Level I focuses on the basic skill sets that new staff need to quicklymaster in order to “hit the ground running” while not overwhelmingthem with too much information all at once. This course explains thebasics of what new auditors are expected to know and do, includingthe nature, timing and extent of common audit procedures. Thiscourse will focus on “why” certain procedures are performed, as wellas “how” to perform typical procedures expected of new staff. Thiscourse is critical in establishing the groundwork for the expectationthat all staff should critically analyze and understand the underlyingpurpose of procedures, as well as how to effectively and efficientlycomplete assigned tasks.

Major Topics:• Scope of services: basic requirements of compilations, reviews,

and audits• Understanding the audit process: common terminology, nature of

typical audit procedures, documentation of audit evidence, and theform and content of typical engagement workpaper files

• Workpaper documentation: tips and techniques for documentationof audit evidence, and the form and content of typical engagementworkpaper files

• New auditor’s role on the engagement team: characteristics of bestperformers, handling difficult client and engagement situations, andunderstanding the roles & responsibilities of various team members

• Interpersonal and communication skills: appropriately handling difficult client and engagement situations

• Assessing risk for a higher quality audit: understanding the conceptof various components and underlying factors that impact audit risk,documenting a basic understanding of the client’s business and operating environment (including internal controls), and the resultingimpact on the nature, timing, and extent of planned audit procedures

• Cash case study: audit objectives, performing and documentingclient inquiries related to cash, and testing bank reconciliations

• Professionalism and ethics: the necessity of fully integrating theseprofessional standards into all types of engagements

Learning Objectives:• Describe the most critical elements of the Code of Professional

Conduct, including professional skepticism and independence• Discuss the primary difference in a financial statement auditor’s

responsibilities compared to other services, such as compilationsand reviews

• Explain the components of audit risk, which are necessary to reduce the risk that a financial statement auditor issues the wrong opinion

Designed For: New auditors with 0-4 months of audit experience Level of Knowledge: BasicCPE Credits: 16, Regulatory Ethics (3.5) and Auditing (12.5)Prerequisite: Experience in the audit function

Note: Participants should bring a calculator to the seminar.


A-22

AST2SURGENT McCOY’S EXPERIENCEDAUDIT STAFF TRAINING – LEVEL II

Level II prepares new staff for assuming a greater level of responsibility on engagements. Once staff have “gotten their feet wet” by participating on a few engagements, this course will help auditors thoughtfully reflect on their experiences and how to take basic knowledge to the next level. This course will include many real-life case studies for common audit areas assigned to staff withless than two years of experience with minimal supervision.

Major Topics:• Assessing risk for a higher quality audit: understanding the concept

of a risk-based audit, including linking risk assessment to the nature,timing, & extent of planned procedures specific to each engagement

• Common effectiveness and efficiency considerations: discussing typical opportunities to improve the quality of documentation andprocedures for typical financial statement areas

• Workpaper documentation and review: efficient format and preparation techniques, and tips for better workpaper review

• Property, plant and equipment case study: audit objectives, typicalaudit procedures, common presentation and disclosure issues, and determining capital vs. operating leases

• Accounts receivable case study: audit objectives, typical audit procedures, evaluating confirmation evidence, and common presentation and disclosure issues

• Inventory basics case study: audit objectives, typical audit proce-dures, inventory observation tips and techniques, basic inventoryprice testing, and common presentation and disclosure issues

• Accounts payable and accrued liability case study: audit objectives,typical audit procedures, search for unrecorded liabilities, and common presentation and disclosure issues

• Income statement case study: audit objectives, typical audit procedures, line item analytical review, and common presentationand disclosure issues

• Drafting financial statements: basic financial statement components,financial reporting standards, efficiency considerations, and casestudy on identifying footnote errors

Learning Objectives:• Describe the interrelationship of the components of audit risk

(including inherent, control and detection risks) on designing the nature, timing, and extent of planned audit procedures

• Discuss common effectiveness and efficiency considerations for typical significant audit areas

• Explain an experienced auditor’s responsibilities in ensuring compliance with professional quality control and auditing standards

Designed For: Auditors with 5-20 months of audit experience Level of Knowledge: BasicCPE Credits: 16, AuditingPrerequisite: A minimum of five months of audit experience


AST3SURGENT McCOY’S BEGINNING IN-CHARGE TRAINING – LEVEL III

Level III focuses on transitioning staff auditors to performing morecomplex audit procedures, and assuming more responsibilities relatedto engagement and client management. This course builds on thetechnical experience of auditors to introduce them to the tips and techniques necessary to begin assuming client and engagement management responsibilities on smaller engagements.

Major Topics:• Tailoring standard audit programs for a better audit: linking risk

assessments to detailed planning, tailoring standard audit programsfor more effective/efficient audits, and planning an audit engagement

• Client and engagement management: budgeting and scheduling engagements, preparing client assistance requests, supervision tips,improving engagement wrap-up

• Internal controls: enhancing understanding of anti-fraud and corporate responsibility, the common framework for designing a system of internal controls, the auditor’s responsibility related to internal controls, linking assessed risk to mitigating control activities,designing tests of controls to reduce control risk, handling excep-tions related to internal control, additional responsibilities related tointernal control in a Single Audit, and additional responsibilities related to internal control in a §404 attestation engagement

• Analytical procedures: benefits of analytical procedures over tests ofdetails, types of analytical procedures, required steps for designingsubstantive analytical procedures, and common pitfalls in using substantive analytical procedures as audit evidence

• Sampling: sampling defined, the sampling process, documentationrequirements, common sampling terminology, statistical vs. nonstatistical sampling, and handling exceptions

• Investments case study: audit objectives, typical audit procedures,valuation procedures, and typical presentation and disclosure issues

• Debt case study: audit objectives, typical audit procedures, debtcovenant compliance, and typical presentation and disclosure issues

• Drafting financial statements: process for drafting financial statements, drafting footnotes, drafting the cash flow statement, andcommon efficiency considerations

Learning Objectives:• Describe how to alter the nature, timing, and extent of audit proce-

dures to be consistent with assessed risk of material misstatement• Discuss how proper evaluation of design and operating effectiveness

of internal control can impact assessed risk of material misstatement• Explain how to design, document, and leverage substantive

analytical procedures to support the auditor’s opinion• Discuss fundamental project and engagement management

responsibilities

Designed For: Staff with 21-36 months of audit experienceLevel of Knowledge: IntermediateCPE Credits: 16, AuditingPrerequisite: Familiarity with SASs and FASBs



A-23

AST4SURGENT McCOY’S EXPERIENCED IN-CHARGE TRAINING – LEVEL IV

Level IV focuses on building upon an auditor’s basic supervisory experience, and digs deeper into improving people and multi-projectmanagement. This course will teach the non-technical skills necessary to improving the firm’s profitability and ability to deliver high quality and value-added client service.

Major Topics:• Client and engagement management: effectively budgeting and

scheduling engagements, making sure the client is ready, and improving the workpaper review process

• Coaching staff to stay on the right track: styles of coaching, tips forhaving difficult conversations, and effectively counseling, mentoringand motivating staff, including giving constructive feedback andhandling different team personalities

• The art of discipline and getting things done: analyzing why weoften don’t accomplish what we set out to do, practical ways to fill the discipline gap, proven techniques for better project and personal time management, including using creativity techniques to overcome barriers to success

• Internal controls: enhancing understanding of the modern history ofinternal controls, including highlights of the COSO Integrated Framework, Sarbanes-Oxley §404, COSO guidance from smaller companies, the Risk Assessment SASs, and reporting internal control matters noted during the audit. Focus will be on evaluatingcontrol environment and entity-level controls that are the foundationfor a strong overall system of internal controls, as well as properlydetermining the nature and timing of tests of operating effectiveness

• Value-added management letter comments: identifying potentialvalue-added management letter comments, having the right attitudeabout communicating improvement opportunities, and drafting comments that will more likely be embraced by the client

• Analytical procedures: impact of the use of substantive analyticalprocedures on an audit, and a reinforcement of properly selectingappropriate procedures, strengthening analytical tests, improvingexpectations, and resolving differences

Learning Objectives:• Describe how to communicate internal control deficiencies and

other matters noted in a financial statement audit to strengthenclient relationships and improve the client’s financial reporting

• Discuss the critical importance of proper client and engagementmanagement to ensure a high quality and profitable audit

• Explain how to leverage proper evaluation of the design and operating effectiveness of internal control and the use of strongsubstantive analytical procedures may significantly improve auditeffectiveness and efficiency

Designed For: Professionals with 3-5 years of audit experience Level of Knowledge: IntermediateCPE Credits: 16, Auditing (6), Communications (7), and BusinessManagement and Organization (3)Prerequisite: Experience supervising basic audit engagements withone or more staff

TAICSURGENT McCOY’S PRACTICALGUIDE TO BETTER SUBSTANTIVETESTING AND AUDITING OF INTERNAL CONTROLS

Generally accepted auditing standards require auditors to obtain an in-depth understanding of the client and its environment, including internal control, to more properly apply the existing audit risk model. Inaddition, recent guidance from various regulatory bodies focuses onstrengthening the quality of auditor communications concerning internalcontrol matters noted in a financial statement audit. Now, more thanever, the risk of not performing the strongest and most effective auditprocedures is significant. This course provides proven best practices for testing internal controls and performing substantive fieldwork for allyour audit clients, including for-profit business enterprises, nonprofits,and local governments.

Major Topics:• The impact on internal control and substantive testing resulting from

recent guidelines related to risk assessment and communicating internal control matters

• What everyone should know about internal controls, including necessary components of a sound internal control system

• Comparing internal control considerations between various types of audit clients (including Sarbanes-Oxley §404 and Yellow Book)

• Identifying the most effective and efficient controls to test in order to reduce substantive testing on a financial statement audit

• Best practices to better design and document tests of internal controls

• Maximizing the use of strong analytic procedures in order to reduceother substantive testing

• The art of developing appropriate expectations to use for substantive analytic tests, regardless of type of entity being audited

• Resolving differences between expected and actual financial resultswhen performing analytic procedures

• The proper way to plan and perform sampling techniques• Using technology to perform better and faster audit procedures• Properly documenting and communicating the impact of internal-

control deficiencies and financial statement errors to the client

Learning Objectives:• Describe proper application of professional and regulatory standards

related to evaluating design and implementation, and the operatingeffectiveness of internal control over reliable financial reporting

• Discuss how control risk assessments may alter the nature, timingand extent of detailed audit plans

• Explain how to leverage substantive analytical procedures to address audit risk

Designed For: Experienced staff and above in public accounting whowish to learn how to perform a better audit, as well as comply with theSASs related to internal controls Level of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience with designing, evaluating, ormonitoring internal controls


A-24

NABBTHE TOP 50 NONPUBLIC AUDIT MISTAKES PRACTITIONERS MAKEAND HOW TO FIX THEM

The business risk to auditors of nonpublic entities is greater now than ever. Making a major error on engagements can be more than just embarrassing; it can mean bad publicity, loss of reputation and clients, significant lawsuit settlements, and potential revocation of your professional license. Both unintentional and intentional mistakes can have serious negative consequences on your practice’s ability to continue as a going concern. Protect yourself. Avoid common slip-ups by learning from the past real-life mistakes of other experienced professionals.

Major Topics:• Minimizing the risk of violating independence and ethics rules• Gaining an appropriate understanding with the client regarding

the scope and terms of the engagement, including defining responsibilities of both parties

• Sufficiently assessing the risk of fraud – particularly fraudulent financial reporting and management override of controls

• Adequately gaining an understanding of the client and its operating environment, including internal controls

• Understanding the impact of ignoring specific identified risks on engagements and failure to adequately alter detailed audit plans accordingly

• Properly evaluating the underlying business purpose of related-party transactions

• Making sound judgments about gaining sufficient and appropriateaudit evidence, and meeting the minimum workpaper standards

• Properly designing, documenting, and evaluating the results of analytical procedures

• Avoiding confirmation gaffes• Properly applying the concept of materiality and tolerable

misstatement to design and evaluate the results of audit procedures

• Understanding the implications of communication miscues with those charged with governance

• Improving quality control reviews for small firms and sole practitioners

Learning Objectives:• Describe common audit deficiencies and how to avoid them• Discuss critical judgments that auditors make when planning,

performing, and concluding on financial statement audits – and how to better ensure compliance with relevant professional and regulatory standards

Designed For: CPAs who wish to get a broader insight into nonpublic company auditing by understanding the significant mistakes professionals regularly make and how to avoid them Level of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in the audit function

Govern

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A Complete Guide to the Yellow Book......................................................................................................YBYB.............G-1

Accounting and Reporting for Not-for-Profits: Avoiding the Headaches and Heartaches ........................ARN4.............G-1

Accounting and Reporting for Not-for-Profits: Avoiding the Timekillers and Painkillers ...........................NPA4 .............G-2

Accounting and Reporting for Not-for-Profits: Issues and Answers .........................................................ARNP ............G-2

Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit ..................................ANFP.............G-3

Critical Early Determinations in OMB A-133 Audits..................................................................................OMB4............G-3

Fraud and Abuse in Not-for-Profit Entities and Governments: Stealing from Everyone...........................FANG ............G-4

Fraud in Not-for-Profit Entities and Governments ....................................................................................FAN4 .............G-4

I See It! Bringing into Focus the New Clarified Auditing Standards..........................................................GNFR............G-5

Latest Developments in Government and Nonprofit Accounting and Auditing 2013 ................................GNAA............G-5

Latest Developments in Government and Nonprofit Auditing 2013..........................................................GAU4 ............G-6

Latest Developments in Governmental Accounting and Auditing 2013....................................................GVAA ............G-6

Latest Developments in Nonprofit Accounting and Auditing 2013............................................................NPAA.............G-7

OMB A-133 from A to Z ............................................................................................................................A133..............G-7

Performing Financial Audits Under the Yellow Book ................................................................................YBK4 .............G-8


Table of Contents

G-1


YBYB

A COMPLETE GUIDE TO THE

YELLOW BOOK

The Yellow Book is a comprehensive document containing generalstandards, performance standards, and reporting standards for auditand attestation engagements. The Yellow Book features a conceptualframework approach to independence, recently updated financial auditing standards, attestation standards, and more. The purpose of this course is to increase your confidence and proficiency in performing Yellow Book engagements through a thorough under-standing of the standards. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• The purpose and applicability of the Yellow Book

(a.k.a., Government Auditing Standards, or GAGAS)• Ethical principles in Yellow Book engagements• Types of Yellow Book audit and attestation engagements• The use of terminology to define the Yellow Book requirements• The Yellow Book’s general requirements, including the

independence requirements, professional judgment, competence(including CPE), and quality control and assurance (including peer review)

• The Yellow Book performance standards for financial audits – including auditor communication; previous audits and attestation engagements; fraud, noncompliance with provisions of laws, regulations, contracts, and grant agreements, and abuse; developing elements of a finding; and audit documentation

• The Yellow Book reporting standards for financial audits – includingreporting auditor’s compliance with GAGAS; reporting on internalcontrol, compliance with provisions of laws, regulations, contracts,and grant agreements, and other matters; reporting views of responsible officials; reporting confidential or sensitive information;and distributing reports

• Additional considerations related to Yellow Book financial audits –materiality, early communication of deficiencies

• The Yellow Book requirements for attestation engagements (examinations, reviews, and agreed-upon procedures) and performance audits

Learning Objectives:• Thoroughly understand the requirements of the 2011 Yellow Book

revision• Excel in the Yellow Book auditing arena• Save time on Yellow Book engagements via in-depth knowledge

of the requirements

Designed For: Auditors performing Yellow Book engagementsLevel of Knowledge: BasicCPE Credits: 8, Auditing (Governmental)Prerequisite: Basic audit knowledge

Available in a 4-hour version. See YBK4 on page G-8.

ARN4

ACCOUNTING AND REPORTING FOR

NOT-FOR-PROFITS: AVOIDING THE

HEADACHES AND HEARTACHES

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your not-for-profit accounting and reporting skills. Obtain an in-depth understanding of the key requirements and how they are applied. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• Key concepts related to the statement of financial position• Alternatives related to the statement of activities• The statement of functional expenses• Unique aspects of a not-for-profit organization’s statement of

cash flows• Distinguishing contributions from exchange transactions• Distinguishing between conditional and unconditional promises

to give – discerning conditions from restrictions• Disclosure considerations• Issues related to contributed services

Learning Objectives:• Identify what distinguishes not-for-profit accounting and reporting

from commercial sector accounting and reporting• Skillfully apply the unique not-for-profit accounting and reporting

requirements• More effectively audit not-for-profit organizations through superior

knowledge of accounting and reporting requirements

Designed For: Not-for-profit industry professionals and auditorsLevel of Knowledge: IntermediateCPE Credits: 4, Accounting (Governmental)Prerequisite: Some introductory background in not-for-profit accounting and reporting

Available in an 8-hour version. See ARNP on page G-2.


G-2

NPA4

ACCOUNTING AND REPORTING FOR

NOT-FOR-PROFITS: AVOIDING THE

TIMEKILLERS AND PAINKILLERS

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your skills in some of the more time-consuming and difficult aspects of not-for-profit accounting and reporting. Obtain an in-depthunderstanding of key requirements and how they are applied. Thecourse materials utilize a highly illustrative format to increase conceptcomprehension and retention.

Major Topics:• Mergers and acquisitions• Fair value measurement issues related to unconditional promises

to give cash• Unrestricted, temporarily restricted, and permanently restricted

net assets – reclassifications, changing net asset classifications reported in a prior year

• Overview of split-interest agreements• Reporting the cost of special events and other fundraising activities• Classification of expenses related to more than one function• Disclosure considerations



requirements• More effectively audit not-for-profit entities through superior



Available in an 8-hour version. See ARNP on the right.

ARNP

ACCOUNTING AND REPORTING

FOR NOT-FOR-PROFITS: ISSUES

AND ANSWERS

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your not-for-profit accounting and reporting skills. Obtain an in-depth understanding of key requirements and how they are applied. The course materials utilize a highly illustrative format to increase concept comprehension and retention.


cash flows• Mergers and acquisitions• Distinguishing contributions from exchange transactions• Distinguishing between conditional and unconditional promises to

give – discerning conditions from restrictions• Issues related to contributed services• Fair value measurement issues related to unconditional promises

to give cash• Overview of split-interest agreements• Unrestricted, temporarily restricted, and permanently restricted


• Reporting the cost of special events and other fundraising activities• Classification of expenses related to more than one function• Selected audit issues• Disclosure considerations






Available in two 4-hour versions. See ARN4 on page G-1 andNPA4 on the left.


ANFP

AUDITING NOT-FOR-PROFIT ENTITIES:

SUPERIOR SKILLS FOR AN EFFECTIVE

AND EFFICIENT AUDIT

It’s been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities. Youcannot apply a standard commercial audit approach to the audit of anot-for-profit entity and expect a good fit. Skilled auditors will insteadadjust and hone the audit approach to fit the not-for-profit entity. Thiscourse is designed to help you obtain the superior skills needed toaudit not-for-profit entities. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• Key planning and general auditing considerations• Aspects of the AICPA Clarified Auditing Standards that have

significant effects on audits of not-for-profit entities• Issues related to auditing contributions and promises to give• Auditing expenses for program and supporting activities• Characteristics of not-for-profit financial statements that require

special attention• Fraud in the not-for-profit environment• Considerations related to Yellow Book and OMB A-133 audits

Learning Objectives:• Identify what distinguishes not-for-profit auditing from commercial

sector auditing• Skillfully adjust the audit for the characteristics of a not-for-profit

entity• More effectively audit not-for-profit entities through superior

knowledge of key issues

Designed For: Auditors of not-for-profit entitiesLevel of Knowledge: IntermediateCPE Credits: 8, Auditing (Governmental)Prerequisite: Basic auditing knowledge

OMB4

CRITICAL EARLY DETERMINATIONS

IN OMB A-133 AUDITS

Venturing into the world of OMB A-133 auditing can be a challengingjourney. To perform effective and efficient OMB A-133 audits, it is critical that you start off on the right path to avoid getting lost in time-consuming mistakes. The purpose of this course is to enable you toexcel in the area of OMB A-133 auditing by confidently making the critical early determinations involved in these audits. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• Understanding key aspects and objectives of OMB A-133 audits• Planning considerations in OMB A-133 audits• Presentation requirements related to the Schedule of Expenditures

of Federal Awards (SEFA)• The auditor’s responsibility related to the SEFA• Major program determination – including evaluating the risk of the

program; incorporating the risk of the auditee; and the four-stepmajor program determination process

Learning Objectives:• Stay current in this complex and ever-changing auditing

environment• Increase audit effectiveness by perceiving how the key OMB A-133

audit requirements relate to each other• Perform more efficient Single Audits through enhanced

understanding of the OMB A-133 requirements

Designed For: Auditors performing OMB Circular A-133 auditsLevel of Knowledge: IntermediateCPE Credits: 4, Auditing (Governmental)Prerequisite: Basic OMB A-133 audit knowledge

Available in an 8-hour version. See A133 on page G-7.

G-3


FANG

FRAUD & ABUSE IN NOT-FOR-PROFIT

ENTITIES AND GOVERNMENTS:

STEALING FROM EVERYONE

When not-for-profit entities and governments fall prey to fraud andabuse it breaks the hearts of donors and taxpayers. Fraud and abusealso causes donors and taxpayers to lose confidence in those not-for-profit entities and governments. In this course, we will focus on thecommon types of fraud and abuse that occur in not-for-profit entitiesand governments and also address the auditor’s responsibilities related to fraud and abuse. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• The most prevalent types of fraud occurring in not-for-profit entities

and governments• Common characteristics of fraud – misstatements resulting from

fraudulent financial reporting and misstatements resulting from misappropriation of assets

• Auditor responsibilities and requirements related to fraud under theclarified auditing standard, Consideration of Fraud in a FinancialStatement Audit (AU-C Section 240)

• Specific types of abuse occurring in not-for-profit entities and governments

• Common characteristics of abuse – behavior that is deficient or improper when compared with behavior that a prudent person would consider reasonable and necessary business practice given the facts and circumstances

• Auditor responsibilities and requirements related to fraud and abuse under the 2011 Yellow Book revision

Learning Objectives:• Raise your awareness of the typical types of fraud and abuse

observed in not-for-profit entities and governments• Understand the clarified auditing standard on Consideration of

Fraud in a Financial Statement Audit (AU-C Section 240)• Perceive the Yellow Book requirements related to fraud and

abuse contained in the 2011 Yellow Book revision

Designed For: Auditors of not-for-profit entities and governments and industry professionals interested in preventing fraud and abuseLevel of Knowledge: IntermediateCPE Credits: 8, Auditing (Governmental)Prerequisite: Basic knowledge of the not-for-profit and government environment

Available in a 4-hour version. See FAN4 on the right.

FAN4

FRAUD IN NOT-FOR-PROFIT ENTITIES

AND GOVERNMENTS

When not-for-profit entities and governments fall prey to fraud itbreaks the hearts of donors and taxpayers. Fraud also causes donorsand taxpayers to lose confidence in those not-for-profit entities andgovernments. In this course, we will focus on the common types offraud that occur in not-for-profit entities and governments and also address the auditor’s responsibilities related to fraud. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• The most prevalent types of fraud occurring in not-for-profit entities

and governments• Common characteristics of fraud – misstatements resulting from

fraudulent financial reporting and misstatements resulting from misappropriation of assets

• Auditor responsibilities and requirements related to fraud under theclarified auditing standard, Consideration of Fraud in a FinancialStatement Audit (AU-C Section 240)

Learning Objectives:• Raise your awareness of the typical types of fraud observed in

not-for-profit entities and governments• Understand the clarified auditing standard on Consideration of

Fraud in a Financial Statement Audit (AU-C Section 240)

Designed For: Auditors of not-for-profit entities and governments and industry professionals interested in preventing fraudLevel of Knowledge: IntermediateCPE Credits: 4, Auditing (Governmental)Prerequisite: Basic knowledge of the not-for-profit and governmentenvironment

Available in an 8-hour version. See FANG on the left.

G-4


GNFR

I SEE IT! BRINGING INTO FOCUS

THE NEW CLARIFIED AUDITING

STANDARDS

The AICPA’s Clarified Auditing Standards are now effective! As youare implementing the standards, make sure you are focusing in on themost crucial issues. Find out what the first comprehensive rewrite ofthe SASs since 1972 entails and its implications on your auditing practice. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• Overview of why the Clarity Project was undertaken and how it

changed the way standards are written• The convergence of the AICPA SASs and International Standards

on Auditing (ISAs)• The components of the clarified standards (i.e., introduction;

objective; definitions; requirements; and application and other explanatory material)

• The inclusion of special considerations relevant to audits of smaller, less complex entities and audits of governmental entities

• New auditing standards terminology being introduced with the clarified standards (e.g., applicable financial reporting framework,emphasis-of-matter and other-matter paragraphs, and group engagement partner and component auditor)

• Key changes being made to the auditing standards (e.g., changesin report wording, procedures related to detecting illegal acts, andopening balances in initial audits)

• Standards that changed the most and least as a result of the Clarity Project

• Tips for transitioning to the new standards

Learning Objectives:• Stay current in the complex and ever-changing auditing

environment• Fundamentally understand the who, what, and when of the

clarified standards• Prepare yourself and your firm for implementation of the clarified

standards

Designed For: All auditorsLevel of Knowledge: Basic CPE Credits: 8, Auditing Prerequisite: Basic audit knowledge

G-5

GNAA

LATEST DEVELOPMENTS IN

GOVERNMENT AND NONPROFIT

ACCOUNTING AND AUDITING 2013

With five active standard setters (GAO, OMB, AICPA, GASB, andFASB), there are always important developments occurring in government and nonprofit accounting and auditing. Time is valuable,and it’s hard to stay current in today’s rapidly changing environment.Let us save you time and effort in staying current through this informative update course. The purpose of this course is to enableyou to excel in the constantly changing government and nonprofit environment. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:• Continuing issues and challenges involving implementation of the

2011 Yellow Book revision• The OMB project to revise the OMB A-133 audit process• Changes in Yellow Book and OMB A-133 reporting• Navigating your way through the new look, language, and location

of the AICPA’s Clarified Auditing Standards• Implementing key changes to the audit process resulting from the

AICPA’s Clarified Auditing Standards• Recently issued GASB Statements (i.e., GASB Nos. 63 to 70) with

an emphasis on the pension standards (i.e., GASB Nos. 67 and 68)• Recently issued FASB pronouncements directed specifically at

nonprofits (i.e., ASU No. 2012-05 and ASU No. 2013-06) and major changes on the horizon (e.g., the financial statement presentation project)

Learning Objectives:• Keep up with the latest developments at the GAO, OMB, AICPA,

GASB, and FASB• Ensure that your accounting and auditing skills stay up-to-date

with current requirements• Be prepared for major changes on the horizon

Designed For: Auditors and industry professionals working in the government and nonprofit environmentLevel of Knowledge: UpdateCPE Credits: 8 (4, Auditing (Governmental) / 4, Accounting (Governmental))Prerequisite: Knowledge of government and nonprofit accounting and auditing

Available in a 4-hour version. See GAU4 on page G-6.


GAU4


GOVERNMENT AND NONPROFIT

AUDITING 2013

With three active standard setters (GAO, OMB, and AICPA), there arealways important developments occurring in government and nonprofitauditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The purpose of this course is to enable you to excel in the constantly changing government and nonprofit environment. The course materials utilize a highly illustrative format to increase concept comprehension and retention.




AICPA’s Clarified Auditing Standards

Learning Objectives:• Keep up with the latest developments at the GAO, OMB, and AICPA• Ensure that your auditing skills stay up-to-date with current

requirements• Be prepared for major changes on the horizon

Designed For: Auditors and industry professionals working in the government and nonprofit environmentLevel of Knowledge: UpdateCPE Credits: 4, Auditing (Governmental)Prerequisite: Knowledge of government and nonprofit auditing

Available in an 8-hour version. See GNAA on page G-5.

G-6

GVAA


GOVERNMENTAL ACCOUNTING

AND AUDITING 2013

With four active standard setters (GAO, OMB, AICPA, and GASB),there are always important developments occurring in governmentalaccounting and auditing. Time is valuable, and it’s hard to stay currentin today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. Thepurpose of this course is to enable you to excel in the constantlychanging governmental environment. The course materials utilize ahighly illustrative format to increase concept comprehension and retention.




AICPA’s Clarified Auditing Standards• Recently issued GASB Statements (i.e., GASB Nos. 63 to 70) with

an emphasis on the pension standards (i.e., GASB Nos. 67 and 68)


and GASB• Ensure that your accounting and auditing skills stay up-to-date


Designed For: Auditors and industry professionals working in the governmental environmentLevel of Knowledge: UpdateCPE Credits: 8 (4, Auditing (Governmental) and 4, Accounting (Governmental))Prerequisite: Knowledge of government accounting and auditing


NPAA


NONPROFIT ACCOUNTING AND

AUDITING 2013

With four active standard setters (GAO, OMB, AICPA, and FASB),there are always important developments occurring in nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you timeand effort in staying current through this informative update course.The purpose of this course is to enable you to excel in the constantlychanging nonprofit environment. The course materials utilize a highlyillustrative format to increase concept comprehension and retention.




AICPA’s Clarified Auditing Standards• Recently issued FASB pronouncements directed specifically at

nonprofits (i.e., ASU No. 2012-05 and ASU No. 2013-06) and major changes on the horizon (e.g., the financial statement presentation project)


and FASB• Ensure that your accounting and auditing skills stay up-to-date


Designed For: Auditors and industry professionals working in thenonprofit environmentLevel of Knowledge: UpdateCPE Credits: 8 (4, Auditing (Governmental) / 4, Accounting (Governmental))Prerequisite: Knowledge of nonprofit accounting and auditing

A133

OMB A-133 FROM A TO Z

To properly communicate, one must know all the letters of the alphabet and rules on how they fit together. To properly perform Single Audits, one must know all of the OMB Circular A-133 audit elements and rules on how they fit together. The purpose of thiscourse is to make sure your Single Auditing skills stand out in thischallenging audit area. The course materials utilize a highly illustrativeformat to increase concept comprehension and retention.

Major Topics:• The current state of the A-133 auditing landscape• Overview of the Single Audit Act, OMB Circular A-133, and the

Compliance Supplement – how Single Audits differ from conventional audits

• Key planning considerations in OMB A-133 audits• Thoroughly understand the Schedule of Expenditures of Federal

Awards (SEFA) – who prepares it, its importance, and the auditor’sresponsibility related to it

• Major program determination and selection – properly identifyingType A and Type B programs, high-risk and low-risk programs, and the percentage-of-coverage rule

• Consideration of internal control over compliance for major programs, including utilization of the Compliance Supplement

• Compliance auditing applicable to major programs – including utilization of the Compliance Supplement

• Sampling considerations• Audit considerations related to federal pass-through awards• Reporting requirements and other communication considerations

in Single Audits – properly reporting audit findings, the Schedule ofFindings and Questioned Costs, Data Collection Form, other key reporting issues

• Program-specific audits

Learning Objectives:• Stay current in this complex and ever-changing auditing

environment• Increase audit effectiveness by perceiving how the key OMB A-133

audit requirements relate to each other• Perform more efficient Single Audits through enhanced

understanding of the OMB A-133 requirements

Designed For: Auditors performing OMB Circular A-133 auditsLevel of Knowledge: IntermediateCPE Credits: 8, Auditing (Governmental) Prerequisite: Basic OMB A-133 audit knowledge

Available in a 4-hour version. See OMB4 on page G-3.

G-7


YBK4

PEFORMING FINANCIAL AUDITS

UNDER THE YELLOW BOOK

The Yellow Book contains general standards, performance standards,and reporting standards for financial audits. The Yellow Book features a conceptual framework approach to independence, recentlyupdated financial auditing standards, and more. The purpose of thiscourse is to increase your confidence and proficiency in performingYellow Book financial audits through a thorough understanding of thestandards. The course materials utilize a highly illustrative format toincrease concept comprehension and retention.

Major Topics:• Understand the purpose and applicability of the Yellow Book

(a.k.a. Government Auditing Standards or GAGAS)• Ethical principles in Yellow Book engagements• The use of terminology to define the Yellow Book requirements• The Yellow Book’s general requirements – including independence

requirements, professional judgment, competence (including CPE),and quality control and assurance (including peer review)

• The Yellow Book performance standards for financial audits – including auditor communication; previous audits and attestation engagements; fraud, noncompliance with provisions of laws, regulations, contracts, and grant agreements, and abuse; developing elements of a finding; and audit documentation

• The Yellow Book reporting standards for financial audits – includingreporting auditor’s compliance with GAGAS; reporting on internalcontrol, compliance with provisions of laws, regulations, contracts,and grant agreements, and other matters; reporting views of responsible officials; reporting confidential or sensitive information;and distributing reports

• Additional considerations related to Yellow Book financial audits –materiality, early communication of deficiencies

Learning Objectives:• Thoroughly understand the financial auditing requirements of the

2011 Yellow Book revision• Excel in the Yellow Book auditing arena• Save time on Yellow Book engagements via in-depth knowledge

of the requirements

Designed For: Auditors performing Yellow Book financial auditsLevel of Knowledge: BasicCPE Credits: 4, Auditing (Governmental)Prerequisite: Basic audit knowledge

Available in an 8-hour version. See YBYB on page G-1.

G-8

Taxa

tion

Cou

rse Descrip

tions


Advanced Form 1041 Practice Workshop................................................................................................AP41 .............T-1

Advanced Partnership/LLC Workshop: How to Do Optional Step-Up in

Basis Under §754 and Related Provisions..........................................................................................APLW ............T-1

Advanced Selected Issues for Trusts, Estates, and Their Beneficiaries ..................................................ITEB ..............T-2

Advanced Tax Structures: Using Tiered Partnerships, Multiple Corporations,

Series LLCs, and Disregarded Entities ...............................................................................................ADTS.............T-2

Advanced Technical Tax Forms Training – Form 1040 Issues .................................................................ATFI...............T-3

Advanced Technical Tax Forms Training – LLCs, S Corporations, and Partnerships ..............................ATFB .............T-3

The Best Federal Tax Update Course by Surgent McCoy........................................................................BFTU.............T-4

The Best Income Tax, Estate Tax, and Financial-Planning Ideas of 2013................................................IEFP ..............T-4

The Best Individual Income Tax Update Course by Surgent McCoy........................................................BITU ..............T-5

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy ..............BCPE ............T-5

Choosing the Best Entity Structure ..........................................................................................................CBE4.............T-6

Choosing the Best Entity Structure Under the Tax Law in 2013...............................................................CBES ............T-6

The Complete Guide to Liquidation of Business Entities .........................................................................CGLB ............T-7

The Complete Guide to Payroll Taxes and 1099 Issues...........................................................................CGPT ............T-7

The Complete Guide to Preparing Limited Liability Company, Partnership,

and S Corporation Federal Income Tax Returns ................................................................................PLPS.............T-8

Complete Strategies for Maximizing Contributions, Rollovers, Distributions,

and Estate Planning of IRAs, SIMPLEs, SEPs, and Roths .................................................................CIRA..............T-8

The Complete Trust Workshop!................................................................................................................TCTW............T-9

Comprehensive Accounting Issues of Estates and Trusts: Fiduciary Accounting and Tax Issues ...........FACT.............T-9

Critical Tax Issues in Buying and Selling a Business ...............................................................................BSB4 .............T-10

Determining How Much Money You Need to Retire, and Tax Ideas and

Money Management in Retirement .....................................................................................................DRMM...........T-10

Effective and Efficient Senior-Level Review of Individual Tax Returns.....................................................ERTW............T-11

Estate and Life Planning Issues for the Middle-Income Client .................................................................PMIC .............T-11

Estate Planning: What to Do in 2013 .......................................................................................................NLE4 .............T-12

Ethical Considerations in Your Tax Practice .............................................................................................EXT4 .............T-12

Federal Estate and Gift Tax Returns – Forms 706 and 709 Workshop ....................................................GIFT ..............T-13

Federal Tax Update ..................................................................................................................................BFT4 .............T-13

Fiduciary Income Tax Returns – Form 1041 Workshop ...........................................................................1041 ..............T-14

From Hiring to Firing and Everything In Between: Legal, Tax, and Health Care Issues...........................HTOF ............T-14

Getting Ready for Busy Season: A Guide to New Forms, Filing Issues, and

Other Critical Developments ...............................................................................................................NFFI ..............T-15

Hot IRS Tax Examination Issues for Individuals and Businesses.............................................................EXIB ..............T-15

How to Settle an Estate for a Client from A to Z .......................................................................................SEAZ.............T-16

Individual Income Tax Return Mistakes and How to Fix Them.................................................................INB4 ..............T-16


Taxation

Table of Contents


Individual Income Tax Update ..................................................................................................................BIT4...............T-17

Individual Tax Planning Ideas for 2013.....................................................................................................ITP4...............T-17

Key Partnership and S Corporation Tax Planning Strategies ..................................................................BTS4 .............T-18

Learn to Do a Nexus Study to Build Your State and Local Tax Practice ..................................................NEXU ............T-18

Make Money for You and Your Clients: Surgent McCoy's Top Business Tax Planning Strategies ...........BTPS.............T-19

Mastering Basis Issues for S Corporations, Partnerships, and LLCs.......................................................HMB4 ............T-19

Mastering the Fundamentals of Estate and Gift Tax Planning .................................................................MFEP ............T-20

Maximizing Your Social Security Benefits ................................................................................................SSR4.............T-20

New Critical Decisions in Selecting the Best Retirement Plan for Small Businesses in 2013..................SRPL.............T-21

New Medicine: Key Issues CPAs Need to Know About the Patient Protection and Affordable Act ..........NMED............T-21

Partnerships and LLCs: Avoiding Common Pitfalls Facing Practitioners .................................................BTP4 .............T-22

Preparing C Corporation Tax Returns for New Staff and Para-Professionals ..........................................PCTR ............T-22

Preparing Individual Tax Returns for New Staff and Para-Professionals .................................................PITR ..............T-23

Reading, Understanding, & Structuring LLC & Partnership Agreements from a CPA's Perspective........RUSA ............T-23

S Corporation, Partnership, and LLC Tax Update ....................................................................................BCP4.............T-24

Select Estate and Life Planning Issues for the Middle-Income Client ......................................................PMI4..............T-24

Shortcuts to Tax Cuts: Individual Tax, Social Security, & Retirement Planning Tools and Strategies ......TXCU ............T-25

Should Client Expenditures be Capitalized or Expensed? A Guide to the New IRS Regulations ............CPE4.............T-25

Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every

Baby Boomer Needs to Know Now .....................................................................................................SSRB ............T-26

Surgent McCoy's 2013 Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs ...........TPGS ............T-26

Surgent McCoy's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships .........ACTL .............T-27

Surgent McCoy's Advanced Critical Tax Issues for S Corporations .........................................................ACTS.............T-27

Surgent McCoy's Advanced Individual Income Tax Return Issues...........................................................STRI ..............T-28

Surgent McCoy's Comprehensive Guide to Tax Depreciation, Amortization, and

Property Transactions from Acquisition to Exchange or Disposition ...................................................TDAP.............T-28

Surgent McCoy's Federal Tax Camp........................................................................................................SATC.............T-29

Surgent McCoy's Handbook for Mastering Basis, Distributions, and Loss Limitation

Issues for S Corporations, LLCs, and Partnerships ............................................................................HMBI .............T-29

Surgent McCoy's Limited Liability Company and Partnership Tax Return Preparation Workshop...........LLPW ............T-30

Surgent McCoy's Multistate Tax Update...................................................................................................MSTU............T-30

Surgent McCoy's Top 10 Tax Issues in Dealing with LLCs and Partnerships ..........................................LP10..............T-31

The Top 50 Business Tax Mistakes Practitioners Make and How to Fix Them ........................................BTBB.............T-31

The Top 50 Mistakes Practitioners Make & How to Fix Them: Individual Tax & Financial Planning ........INBB..............T-32

What You Need to Do Now in Estate Planning Under the New Tax Law .................................................NLEP.............T-32

Taxation


T-1

Taxation

AP41AdvAnced Form 1041 PrActice WorkshoP

The use of trusts must be re-evaluated in a post-tax reform world, with higher income tax rates for both the trust and its beneficiaries.Practitioners who understand the basics of Subchapter J and Form1041 compliance soon encounter complex problems requiring sophisticated applications. This course builds upon our intermediate-level course to concentrate on the most difficult issues in practice. Thisis an essential offering for the practitioner with high-powered clients.

Major Topics:• Case studies with completely filled-in forms tracking the flow of tax

items and worksheets• Taking advantage of separate shares and the merged estate • Merging estate and trusts for income tax purposes• Special problems of estates and trusts relating to the new

3.8 percent tax on investment income• Alternative minimum tax for trusts and estates (Schedule G) • Grantor trusts: identification and compliance issues • Income in respect of a decedent, deductions in respect of a

decedent, and the §691(c) deduction: calculation and allocation • Pension plan distributions to trusts • Funding pecuniary marital trusts • Charitable deductions (Schedule A) • Charitable remainder trusts (Form 5227) and the ordering rules• Depreciation problems & special issues of holding rental real estate• Special problems for a trust or estate holding a partnership interest

or S corporation stock (ESBTs and QSSTs)

Learning Objectives:• Identify items of income in respect of a decedent (IRD) and

calculate the §691(c) deduction• Understand how depreciation and alternative minimum tax applies

to estates and trusts• Prepare Form 1041 and Form 5227 for charitable trusts• Distinguish grantor and non-grantor trusts

Designed For: CPAs who are heavily involved in Form 1041 preparationLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: Previous coursework in Form 1041 preparation or equivalent knowledge and experience

APLWAdvAnced PArtnershiP/LLc WorkshoP: hoW to do oPtionALsteP-UP in BAsis Under §754 AndreLAted Provisions

Changes in the individual income-tax rates require more complexplanning for clients invested in partnerships. This course explores the practical issues in the many instances in which a step-up in basiscan create tax advantages for partners and members. This course includes case studies to illustrate the critical points.

Major Topics:• Identify when an election to adjust basis will be available• Determining when the basis adjustment must be made or may be

made without an election• Learn how to make the calculations to determine a step-up and

allocate that step-up among partnership assets• Examine practical examples dealing with a sale of a partnership

interest and the effects of §734(b)• Explore the alternatives to electing a basis adjustment• Understand distribution of property and when an inside basis

adjustment can be considered• Study examples dealing with sale of assets vs. sale of partnership

interests and issues with hot assets• Find out how to keep track of the “books” for tax preparers when

the inside basis adjustment is made, and how to flow through adjustments through a tax return and K-1.

• … and much more!

Learning Objectives:• Distinguish the tax consequences of a partnership interest sale and

of a partnership asset distribution with and without a §754 election• Identify circumstances where a §754 election may be beneficial• Calculate the basis adjustments to individual partnership properties

when a §754 election is made

Designed For: CPAs in public accounting who work extensively withLLC and partnership tax issuesLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: Experience in dealing with partnership and LLCs; one or more intermediate courses on partnerships and LLCs

Taxation

iteBAdvAnced seLected issUes FortrUsts, estAtes, And their BeneFiciAries

Changes in the tax rates have made knowledge of trusts and estates all the more important. This course examines more advanced tax issues that CPAs grapple with and explores how thenew tax environment impacts planning for estates, trusts, and their beneficiaries. It also presents a discussion of the generation-skippingtransfer tax implications of trusts and estates.

Major Topics:• Depreciation and depletion deductions for estates and trusts, and

state law nuances, fully explained and illustrated • The significant tax attributes of charitable remainder annuity trusts

and charitable remainder unitrusts • The alternative minimum tax as it applies to estates and trusts• The net investment income tax as it applies to estates and trusts • The significant tax attributes that flow out to beneficiaries on

termination of an estate and trust • The five-step approach to complete a fiduciary tax return for a

complex trust and/or estate using flowcharts and examples • Generation-skipping transfers: the hidden tax on trust distributions• Special needs trust • The use of the charitable lead trust • Inclusion of current tax changes

Learning Objectives:• Complete Form 1041 for trusts or estates with depreciation,

alternative minimum tax, and capital gains • Understand the special tax issues regarding charitable trusts • Be aware of the tax consequences and planning attending a

termination• Identify the use and requirements for special needs trusts

Designed For: All tax practitioners who need to understand the advanced-level issues of Form 1041 preparationLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: A basic course in Form 1041 preparation; experience inpreparing Form 1041

AdtsAdvAnced tAx strUctUres: Usingtiered PArtnershiPs, mULtiPLecorPorAtions, series LLcs, AnddisregArded entities

Business entities serve non-tax objectives as well as tax objectives,and many clients need multiple entities to realize both in an efficientway. In this litigious climate, business owners need to consider methods of reducing their exposure to legal liability. Further, states are much more aggressive in pursuing nexus tax liability. Exploringwhen to run a business as a single entity or when to step up to multiple entities is a growing area of business and tax planning, andnot just for large and public companies.

Major Topics:• Understanding the limits of legal liability and the management rights

and duties in various entities• How multiple business entities provide legal liability segregation• How the Delaware Series LLC can segregate risks while providing

pass-through taxation• Series LLC regulations – what we now know and what we still don’t• Identification of different types of structures such as subsidiaries,

brother/sister companies, tax disregarded entities, and joint ventures

• Maximizing the benefits and minimizing the problems with usingQualified Subchapter S Subsidiaries and Single Member Limited Liability Companies

• Using multiple business entities to diversify business ownership asincentives for management teams

• State tax law and nexus issues• How holding companies can serve business goals• Using different methods of accounting for different related entities• Related issues, including using common paymasters, related party

issues, and much more!

Learning Objectives:• Identify circumstances where multiple business entity structures

could be appropriate• Discuss the pros and cons of various business structures• Understand the related tax issues

Designed For: CPA in public practice and industry who want to learnmore about structuring businesses in effective and efficient waysLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: A strong knowledge of general tax law related to business entities

T-2

Taxation

AtFiAdvAnced technicAL tAx Forms trAining – Form 1040 issUes

Experienced staff can get bogged down in busy season with difficulttax returns that have multiple K-1s, AMT, at-risk basis, and passive activity loss issues. These are the topics that experienced staff, managers, and partners should understand in depth. This course will assist experienced staff in avoiding costly mistakes when facingcomplicated 1040 issues.

Major Topics:• Form 6198 – At-risk basis: Detailed case study and discussion of

how this form is to be used and when it needs to be filed; learn how basis and at-risk basis are different, and why this is significant

• New Revenue Procedures regarding streamlined installment agreements; avoiding both preparer and accuracy-related penalties;due diligence requirements to avoid penalties in EITC; and NewForm 8938 for specified foreign financial assets

• Advanced issues regarding itemized deductions including newForm 1098-MA; new special tax treatment for corrosive drywalllosses; house donated to fire department – the deduction goes up in smoke; and yes, mortgage payments and life insurance premiums can be deductible alimony!

• Form 982 – Reduction of tax attributes due to discharge of indebtedness (and §1082 basis adjustment) in light of the recession, real estate spiral and mortgage crisis of recent years,this form is essential to understand

• Form 6252 Installment sale income: A common tax area; however acase study and discussion of this topic includes advanced issuessuch as gain on reacquisition of installment sale property, includingworksheets on calculating gain and tax basis of reacquired property

• Schedule SE (Form 1040): Advanced study of what constitutes self-employment income, including current developments regarding independent contractors and a discussion of possible future developments under President Obama

• Form 6251 – Detailed case study and discussion on the adjust-ments and preferences associated with Alternative Minimum Tax,including discussion of proper treatment of Incentive Stock Options

• K-1 issues – Discuss problems of reporting issues for complex K-1s(e.g., hedge funds and when hidden taxable income can arise)

• Creating and maintaining basis worksheets for S Corporations,shareholders, LLC members, and partners in partnerships

Learning Objectives:• Recognize and understand how to handle advanced technical

issues which arise in preparing individual tax returns• Complete the tax forms for selected issues

Designed For: CPAs in public accounting who prepare or review complex 1040 returnsLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: Basic- to intermediate-level experience in preparingForm 1040

AtFBAdvAnced technicAL tAx Forms trAining – LLcs, s corPorAtions, And PArtnershiPs

It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season. This course will help experienced staff avoid costly mistakes by addressing advanced preparation issues when dealing with flow-through entitiessuch as S corporations, LLCs, and partnerships.

Major Topics:Dealing with advanced issues and reporting for LLC and partnerships:• Converting a General Partnership into a LLC • Capital account adjustments with admission of new member

or partner• Special allocation issues of §704, including economic effect, the

“dumb-but-lucky” rule, and substantiality• Determining substantiality and “some help, no hurt” allocations• Determining self-employment taxable income, new regulations?• Guaranteed payments, draws, and distributions• §179 expense special rules for partnerships and LLCs• Pension deductions for partners and members• Partners' capital accounts & method of maintaining capital accounts• Special allocations (allocating a taxable gain that has a book loss)• Reporting by a partner/member selling a partnership/LLC interestDealing with advanced issues and reporting for S corporations:• Review of final regulations on S corp “open debt”• Basis neither increased by phantom income, nor reduced by

non-deducted pass-through losses • 2012 case of how IRS calculates CPA’s reasonable compensation• Built-in gains and Excess passive investment income tax• Taxable distribution in excess of basis and reporting issues

to shareholders• The future of S corporations as an entity choiceOther topics:• New regulations on capitalization of tangible assets and procedures

for automatic changes in accounting method associated with thenew depreciation rules

• Battling employee vs. independent contractor questions and theVoluntary Classification Settlement Program (VCSP)

• Advanced depreciation issues, including additional first-year bonusissues, electing out, the implications of the luxury automobile limits,and like-change exchanges

• Final regulations for allocating depreciation recapture to partnersand members of LLCs

Learning Objective:• Properly complete several tax forms related to certain advanced

technical issues which arise in preparing Forms 1065 and 1120S

Designed For: CPAs who are involved in planning, preparing, or reviewing complex returns

Level of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: Basic- to intermediate-level experience in preparing Forms 1120S and 1065

T-3

ieFPthe Best income tAx, estAte tAx, And FinAnciAL-PLAnningideAs oF 2013

Income and transfer tax rates appear destined to change yet again,and clients will require extensive planning and reconsideration of appropriate tax strategies. CPAs must be prepared for one of the most complex years in recent history. The purpose of the course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money!

Major Topics:• What to do in light of new and potential estate and income tax law• Planning opportunities and pitfalls with the new 3.8 percent tax

on net investment income • The best new income tax and estate-planning ideas in light of tax

reform • Major 2013/2014 tax ideas • The changing social security landscape: what it means for planning • Personal residences: new ideas and strategies • Creative charitable giving strategies • Financial planning strategies • Life insurance trusts and viatical settlements • Maximizing retirement plan benefits • Using intentionally defective grantor trusts, and SCINs • Alternatives to private annuities • Do GRATs have a future?• Miscellaneous tax-planning techniques that can add up to

significant tax savings • How to use the whole family for tax savings • The changing face of family limited partnerships • Up-to-the-minute ideas reflecting new tax law changes in cases,

regulations, and rulings

Learning Objectives:• Be aware of what individuals need to do before the end of 2013• Identify strategies that are effective following estate and gift

tax reform• Understand options available to baby boomers as they reach

retirement in light of Social Security

Designed For: All practitioners, especially those who want to providethe best up-to-the-minute tax adviceLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Basic course in individual income tax, Social Security,and estate planning

Taxation

T-4

BFtUthe Best FederAL tAx UPdAtecoUrse BY sUrgent mccoY

Both business and individual clients will be affected by all of the taxchanges set to occur in 2013, requiring that the tax advisor engage in extensive tax planning. Not only will you be updated on the most important tax issues that require your attention, but this course willalso review the major trends and changes in the case and regulatorylaw. Included is full coverage of all tax changes together with continuing coverage of health care and estate and gift tax reform.

Major Topics:• How the changes in tax rates affect tax planning for individuals

and businesses• New tax on net investment income: Planning to avoid the pitfalls• Techniques for accelerating income and deferring deductions• Retirement plans: the best planning strategy?• Capital gains: what tax rates apply • Historic low interest rates: tax strategies clients should consider:

how long will they remain low?• How health care reform impacts income tax planning now and in

later years• Estate planning: current strategies• Does the gift tax exclusion promote income shifting?• Travel and entertainment: overlooked and overused?• Substantiation: the Service's attack on record-keeping• Other late-breaking tax law changes• Practice aids, including the 2013 inflation-adjusted amounts,

mileage rates, and more • Recent developments with business entities, including

C corporations, S corporations, partnerships, and limited liability companies

• Review of the year’s most important tax cases, revenue rulings, PLRs, etc.

Learning Objectives:• Understand strategies and techniques to use in light of tax changes• Understand what pass-throughs can do in light of health care and

tax changes• Understand current cases and rulings affecting individuals and

businesses

Designed For: CPAs who need to know the latest tax law changes inall areas of practiceLevel of Knowledge: UpdateCPE Credits: 8, TaxesPrerequisite: Experience with individual and business clients

Available in a 4-hour version. See BFT4 on page T-13.

Taxation

BitUthe Best individUAL income tAx UPdAte coUrse BY sUrgent mccoY

This year will bring a significant change to the tax environment, requiring sound planning in 2013 for individual clients to combat. This highly informative course responds to the latest in tax law developments, including discussions of the planning opportunitiesavailable to your individual tax clients. This up-to-date knowledge will enable you to further discuss new developments and tax-savingideas applicable to your clients and their growing needs in light ofpost-election developments.

Major Topics:• Impact of tax changes on individuals under tax reform• Social Security: will there be reform? Planning strategies for

benefits. When is the best time to start?• New tax on net investment income: Planning to avoid the pitfalls• Health care reform: what to do in 2013• Schedule E rental real estate and other investments• New cost basis reporting for securities• Changing rules in depreciation and expensing capital • Retirement planning strategies: qualified plans and IRAs,

traditional and Roth • Practice aids, including 2013 inflation-adjusted amounts, mileage

rates, and more • Complete coverage of all the latest IRS rulings and procedures

affecting individuals in general, along with an up-to-date summaryof the most important tax court decisions and tax law changes inthis area

• Other late-breaking tax law changes

Learning Objectives:• Understand strategies and tactics to use in light of tax rates• Understand the most current guidance on retirement planning and

Social Security• Understand how to nail down valuable deductions and other

reductions to the tax base

Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clientsLevel of Knowledge: UpdateCPE Credits: 8, TaxesPrerequisite: Experience in individual tax planning

Available in a 4-hour version. See BIT4 on page T-17.

T-5

BcPethe Best s corPorAtion, Limited LiABiLitY, And PArtnershiP UPdAtecoUrse BY sUrgent mccoY

Practitioners need to keep abreast of all tax changes affecting pass-through entities used by their business clients and employer, and this enlightening course delivers that information. You will learn invaluable knowledge, strategies, techniques, innovative tax-planningconcepts, income-generating ideas, and other planning opportunitiesavailable to S corporations, partnerships, LLCs, and LLPs.

Major Topics:• Choice of entity issues• Basis issues: at-risk, passive activities for partnerships and LLCs• Self-employment taxes: are there major changes affecting

S corporation shareholders on the horizon?• Series LLCs: wave of the future?• Debts between entity and the investors: open-account and written

debt; defining bona fide debt for back-to-back loans• Changes in expensing and depreciating capital• Impact of health care changes on pass-through entities• A review of the key cases, rulings, and tax law changes affecting

S corporations, partnerships, limited liability companies, and limited liability partnerships

• Practice aids and tax-planning worksheets • Coverage of business tax changes under tax reform• Any late-breaking tax legislation • Review of the year's most important business tax cases, revenue

rulings, PLRs, etc.

Learning Objectives:• Understand the major issues on which taxpayers and the Service

are in conflict • Understand how tax reform affects planning for pass-throughs• Understand what pass-throughs can do in light of health care

changes

Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employersLevel of Knowledge: UpdateCPE Credits: 8, TaxesPrerequisite: Experience with pass-through entity clients

Available in a 4-hour version. See BCP4 on page T-24.

cBeschoosing the Best entitY strUctUre Under the tAx LAW in 2013

Tax rates are always an important factor in choosing the form of business organization, and the individual and corporate rates in 2013and beyond demand a reconsideration of current businesses and adifferent analysis for new ventures. By comparing and contrasting the tax aspects of C corporations, S corporations, partnerships, soleproprietorships, and limited liability companies, this course focuses ondistinctions that can make big differences. This in-depth course willcover planning opportunities and potential pitfalls in developing a business structure. This course is a must for all practitioners.

Major Topics:• Tax considerations in the organization of an enterprise and the

pitfalls to avoid• Non-tax considerations • How income tax rates affect choice of entity• Formation of a sole proprietorship, partnership, LLC,

single-member LLC, S corporation, and C corporation.• Practical guidelines on what entity structure to use under various

circumstances, and relevant, recent changes in the law• Comparing and contrasting the tax aspects of partnerships with sole

proprietorships, S corporations with partnerships, C corporationswith S corporations, and partnerships with C corporations, and limited liability companies with all other entities

• Choice of entity in structuring real estate investments or a professional business

• Fringe benefits and retirement plans: which entities have specialadvantages

• Liquidations, dissolutions, and dispositions of a business • Reviewing the issues in light of the changing tax rate on dividends

and capital gains• Impact of the manufacturers’ deduction on choice of entity

Learning Objectives:• Identify the various business organizations available and their

nontax criteria• Distinguish the tax characteristics of a sole proprietorship,

LLC/partnership, S corporation, and C corporation• Understand the formation and exit strategy tax issues

Designed For: CPAs who are considering starting a new business or who advise clients on the form of business organization that is best in light of recent tax law changesLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course in partnerships/LLCs and in S corporations

Available in a 4-hour version. See CBE4 on the left.

Taxation

cBe4choosing the Best entitY strUctUre

Tax rates are an important factor in choosing the form of business organization, and the changes made by the new law demand a reconsideration of current businesses and a different analysis for newventures. This unique course compares and contrasts the tax aspectsof C corporations, S corporations, partnerships, sole proprietorships,and limited liability companies. This in-depth course will cover planning opportunities.

Major Topics:• How tax reform, proposed and enacted, affects choice of entity • Comparing and contrasting the tax aspects of partnerships with sole

proprietorships, S corporations with partnerships, C corporationswith S corporations, and partnerships with C corporations, and limited liability companies with all other entities

• Tax considerations in the organization of an enterprise and the pitfalls to avoid

• Non-tax considerations • Practical guidelines on what entity structure to use under various

circumstances • Impact of the manufacturers’ deduction on choice of entity

Learning Objectives:• Identify the various business organizations available and their

nontax criteria • Distinguish the tax characteristics of a sole proprietorship,

LLC/partnership, S corporation, and C corporation • Understand the formation and exit strategy tax issues

Designed For: CPAs who are considering starting a new business or who advise clients on the form of business organization that is best in light of recent tax law changesLevel of Knowledge: IntermediateCPE Credits: 4, TaxesPrerequisite: A basic course in partnerships/LLCs and in S corporations

Available in an 8-hour version. See CBES on the right.

T-6

Taxation

cgLBthe comPLete gUide to LiqUidAtion oF BUsiness entities

Liquidations may be used as an alternative to the sale of a business or as an adjunct to the sale of business assets. The objective of thiscourse is to fully explore the technical tax and business issues in liquidating C corporations, S corporations, partnerships, and limited liability companies. This unique course is essential for anyone planning to sell a business.

Major Topics:• The unique planning opportunities and tax traps involved in the

liquidation of a business entity• Understanding installment sales and the big hurdles to favorable

tax treatment in liquidation• Filing Form 966: it's more important than you think• An analysis of when liquidation is advisable – Now or later?• Strategies to pursue in light of the tax rates on dividends and

capital gains• The special problems of liquidating Subchapter S corporations • Key planning issues and benefits in liquidating partnerships

and limited liability companies • Liquidation of a corporate subsidiary, consolidated or

unconsolidated

Learning Objectives:• Describe the tax consequences to a corporation and its

shareholders on a complete liquidation and the alternatives to a liquidation

• Understand the particular issues in the liquidation of a S corporationor a corporate subsidiary

• Consider the options available on the complete liquidation of a partnership or LLC

Designed For: CPAs in public accounting and industry involved inbusiness entity liquidations Level of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course in partnerships/LLCs, S corporations,and C corporations

T-7

cgPt the comPLete gUide to PAYroLL tAxes And 1099 issUes

Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasingburden for the average business, and IRS penalties for noncompliancehave risen dramatically in recent years. They have also been subjectto employer incentives. The Service has announced that uncoveringnoncompliance by employers ranks high on its audit list. This coursepresents a comprehensive overview of federal payroll taxes, Form1099, and related compliance issues.

Major Topics:• Payroll tax requirements for wages, including wages subject to

the new .9 percent tax, employee benefits and reimbursements,nonqualified deferred compensation, stock options, and tips

• Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates

• Special issues – Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding

• Statutory employees, independent contractors, and possible changes to §530 relief

• Penalties – Who is a responsible person? • Moving expenses and gross-up calculations• Form 941 issues and problems, such as disability benefits, tip

income, and deceased employees• Pension issues and payroll taxes including SIMPLE plans, and

§401(k) and pension distributions• The Electronic Federal Tax Payment System (EFTPS) • Forms I-9, W-9, W-2, 1099, SS-8, and Form 940

Learning Objectives:• Distinguish an employee from an independent contractor and

understand the relief available to employees who misclassify• Understand how to complete Forms W-2, 1099-MISC, 1099-R,

and SS-8• Comply with the quarterly and annual reporting for employment

tax deposits

Designed For: CPAs in public accounting and industry with responsibility for payroll tax complianceLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

cirAcomPLete strAtegies For mAximizing contriBUtions,roLLovers, distriBUtions, AndestAte PLAnning oF irAs, simPLes,sePs, And roths

Most individuals will accumulate a significant amount of wealththrough contributions or rollovers from qualified plans into IRAs. Although the rules in this area provide for tremendous planning opportunities, they are very complex. The purpose of this course is to provide insight into this important area of practice.

Major Topics:• Understanding the best ways to pass an IRA on to a beneficiary

and avoiding the pitfalls• Taking your IRA early and avoiding penalties• Everything you want to know about rollovers – tips and traps• Regular, non-deductible, and Roth IRAs – limits, benefits, and rules• SIMPLEs and SEPs: the other kinds of IRAs• How to take advantage of the final minimum distribution regulations • Splitting an IRA into multiple IRAs for beneficiary planning and

significant tax benefits • Comparative modeling for substantially equal payment options • Recognizing the significant estate planning issues when dealing

with IRAs, including making charitable contributions • Late-breaking tax legislation, regulations, and rulings

Learning Objectives:• Distinguish between various types of IRAs• Explain how Roth IRAs fit into a taxpayer's retirement and

estate planning• Describe the basics of regular, employer-sponsored SEPs and

salary-reduction SEPs• Discuss the basics of SIMPLE IRAs• Apply the general rules applicable to all rollover transactions• Define the vocabulary associated with the minimum

distribution rules• Summarize the basic features and planning concepts of annuities• Describe the estate planning ramifications of qualified benefits

Designed For: CPAs who want to learn about this key area of practiceand all of the planning options availableLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Basic knowledge in estate and retirement planning

Taxation

PLPsthe comPLete gUide to PrePAring Limited LiABiLitY comPAnY, PArtnershiP, And s corPorAtion FederAL income tAx retUrns

This unique course will enable the practitioner to learn in one day how to prepare S corporation, LLC, and partnership tax returns. The course focuses on an identical trial-balance-to-completed-tax-returncase study prepared on both Form 1120S and Form 1065, allowingone to explore the similarities and differences of these popular entity structures.

Major Topics:• Preparation of Form 1120S – The important practical issues in

filing this form• Surgent McCoy’s 6-Step Guide to preparing ‘perfect’ S returns• Basis and distribution issues of S corporation shareholders• Preparation of Form 1065 for partnerships, LLCs, and LLPs,

and understanding the important differences between these entity structures

• Surgent McCoy’s 8-Step Guide to preparing ‘perfect’ partnership and LLC returns

• Understanding the significant tax benefits and complications ofusing partnerships, LLCs, and LLPs

• Filling in K-1s correctly for S corporations, partnerships, LLCs, and LLPs

• Tax-planning strategies for depreciation deductions• Problems and issues relating to §199 deduction data on the K-1• Practical tips and planning issues• The most frequently used forms and schedules included

Learning Objectives:• Understand the characteristics of an S corporation• Learn in detail about preparation of Form 1120S, Schedule K,

and Schedule K-1• Understand major changes that affect the filing of partnership

returns• Learn in detail about the preparation of Form 1065• Understand special problems and issues in preparing taxes for

LLCs and limited partnerships

Designed For: All levels of staff and company controllers responsiblefor filing these formsLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

T-8

Taxation

tctWthe comPLete trUst WorkshoP!

The use of trusts will undergo changes in response to the modifications of the income tax rates and the changes to the estateand gift tax in 2013. Clients need to be informed why planning is essential in these changing times. The purpose of this course is to explore the many beneficial uses of trusts, an essential element in estate planning. This course gives insights and practical pointers concerning trusts of every shape and size after tax reform.

Major Topics:• Guide to legislative changes and their impact on trust planning• Introduction to trusts with emphasis on typical provisions• Revocable living trusts• Common testamentary trust arrangements – Bypass trusts, QTIP

trusts, and other marital trusts• Asset protection trusts• Sophisticated trusts for estate planning and asset transfer –

GRATs, GRUTs, QPRTs, and IDGTs • Charitable trusts – Charitable remainder trusts, charitable lead

trusts, and pooled income funds• Irrevocable life insurance trusts • Medicaid trusts: special needs and Miller• Trusts for minors – Sections 2503(b) and 2503(c), and other trusts • Dynasty trusts • Trusts to hold S corporation stock• Impact of historically low APRs on various trust arrangements• Special problems of estates and trusts relating to the new

3.8 percent tax on investment income

Learning Objectives:• Identify the areas of trust in connection with disability, charity, life

insurance, leveraging gifts, principal residences, and minors• Understand the role played by a marital deduction trust and a

credit shelter bypass trust• Explain how trusts may protect assets and perpetuate family

wealth over multiple generations

Designed For: CPAs who wish to have a complete understanding of the various uses of trustsLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course in estate and gift tax and a basic courseon estate and trust income taxation (Form 1041)

T-9

FActcomPrehensive AccoUnting issUes oF estAtes And trUsts: FidUciArY AccoUnting And tAx issUes

Fiduciary income tax is a complex blend of state accounting rates andthe tax law of Subchapter J. Only by understanding this interactioncan the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure tobe an important skill in practice in the new income tax environment.

Major Topics:• Review of major legal and tax concepts • Concepts of fiduciary accounting: Principal and income • The Uniform Principal and Income Act: how specific state laws on

principal and income applied to common expenditures and receipts • How fiduciary accounting determines the timing and amount of

distributions• The crucial differences between fiduciary accounting and tax

accounting • Distinguishing fiduciary accounting income from distributable

net income • Splitting income between the fiduciary and the beneficiaries:

distributable net income• How to set up an accounting system for an estate or trust, prepare

a judicial accounting, and record-keep for fiduciary accounting • How practitioners can handle audits of estates and trusts • Various exercises and problems

Learning Objectives:• Distinguish fiduciary accounting income from taxable income and

distributable net income • Account for distributions for accounting and tax purposes • Identify how the fiduciary income tax return differs from individual

income tax• Understand state law on principal and income

Designed For: All practitioners who wish to learn about the complexand unique accounting issues for estates and trustsLevel of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: None

Taxation

drmmdetermining hoW mUch moneY YoUneed to retire, And tAx ideAs AndmoneY mAnAgement in retirement

This course gives CPAs the tools and knowledge to help their clientsimplement tax-effective investment & portfolio strategies for successfulwealth accumulation & real after-tax retirement income maintenance.

Major Topics:• Asset allocation, portfolio management, portfolio rebalancing,

and investment selection concepts, before and after retirement, tax-saving investment transactions, and the optimal asset mix between retirement plans and taxable savings

• Historical guidelines for nominal and real after-tax returns • NEW expanded section on understanding expenditure patterns

in retirement and the level and risk associated with out-of-pocketmedical expenses in retirement

• Worksheets/formulas for determining how much money one needs to assure a financially secure retirement

• Distribution/asset liquidation planning including the pros and cons of various annuity options, guidelines/strategies using the minimumrequired distribution rules for qualified plans and IRAs, beneficiaryelections, and the use of trusts

• Sustainable portfolio withdrawal rates during retirement for differing stock/bond/cash asset allocations, inflation rates, and tax rates both from tax deferred accounts and taxable accounts

• Analysis of the regular IRA to Roth IRA conversion election• Variable annuities vs. mutual funds; Roth IRAs vs. regular IRAs;

and the use of life insurance in a pension maximization strategy• Analyzing the impact of recent tax law, regulations, and rulings

Learning Objectives:• Identify the success factors in building a retirement nest egg• Explain relationship between risk & return & the investment horizon• Describe the tax effect of inflation, its interaction with the income

tax, and the effects of taxation on investment performance• Discuss the use of historical rate of return evidence as a guide to

projecting successful portfolio withdrawal rates• Explain survival probabilities & how first-to-die & last-to-die survival

probabilities are used in retirement planning for married couples• Discuss the pros and cons of annuities as investment and payout

vehicles for retirement• Describe the complex tax, legal, and financial elements of life

insurance and summarize the wide range of uses for life insurancein retirement planning

• Explain the various ways clients can convert the equity in a home toretirement income, including sale-leasebacks, reverse mortgages,QPRTs, and split-purchases

Designed For: CPAs who wish to serve the needs of the growing seg-ment of the public for whom effective retirement planning is critical asthey reach their peak earning years and/or are approaching retirement

Level of Knowledge: IntermediateCPE Credits: 8, Administrative Practice (4) and Taxes (4)Prerequisite: Basic knowledge in retirement planning

T-10

BsB4criticAL tAx issUes in BUYing And seLLing A BUsiness

One of the major transactions CPA clients enter into is the purchase or disposition of a business. To help tax professionals in advisingthose clients, this course offers a detailed analysis of the tax considerations of a business acquisition both from the buyer’s and the seller’s perspectives, and structural issues in its financing.

Major Topics:Seller’s considerations:• Planning to avoid the double taxation with the repeal of General

Utilities• Stock sales vs. asset sales: advantages and disadvantages• Depreciation recapture• Special problems and opportunities when an S corporation is a

seller of assets or the business being sold• Partnerships and LLCs: unique considerations and pitfalls• Liquidations: their role following a disposition• Using installment sales to defer gain recognition• Impact of the new 3.8 percent tax on structuring sales of a

business

Buyer’s considerations:• How to allocate purchase price for a tax advantage• Cost segregation• What costs are deductible? Which must be capitalized?• Impact of §197 amortizable intangibles on the structuring of

an acquisition• Uses of §338 and §338(h)(10) to tax and non-tax advantage• Installment sales in financing an acquisition

Learning Objectives:• Identify the different tax consequences for various forms of

acquired businesses• Recognize tax planning opportunities

Designed For: All practitioners who will be involved in thepurchase/sale of a businessLevel of Knowledge: IntermediateCPE Credits: 4, TaxesPrerequisite: A basic course in partnerships/LLCs and S corporations; experience with C corporations

Taxation

ertWeFFective And eFFicient senior-LeveL revieW oFindividUAL tAx retUrns

Most review techniques developed by professionals are self-taught.The purpose of this course is to give both new and seasoned reviewers additional and advanced procedures via a multitude ofchecklists to more thoroughly review various tax returns. Its emphasis is not planning; rather, it is to review a return effectively and thoroughly.

Major Topics:• Review a staff-prepared Form 1040 from client-provided

information• The importance of engagement letters, questionnaires, and

§7216 permission statement• Initial administrative groundwork • Identifying organizing issues in the tax return to be reviewed• Avoiding “willful blindness”• Efficient review of certain advanced issues for income,

adjustments, deductions, and credits• Effective procedures for delinquent clients, filing past-due tax

returns• First-time client issues requiring extra scrutiny• Multiple checklists of efficient procedures to identify potential

issues on a 1040 return• Listing of schedules for staff to prepare to make a review easier,

including basis issues for 1040 clients

Learning Objectives:• Expand the process involved in reviewing applicable tax returns• Identify the most common areas that result in errors• Document a review, including consideration of risk management

Designed For: Senior staff new to the review process or experienced partners/managers looking to update and/or expand their review proceduresLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapers

PmicestAte And LiFe PLAnning issUesFor the middLe-income cLient

Clients think that estate planning only applies to the very rich. In truth,there are many issues of critical concern for which the middle-incomeclient needs to plan. This course is a must-attend for all CPAs whowork with middle-income clients and are looking for ways to provideadditional quality services.

Major Topics:• More than 20 documents that should be reviewed that are neither

a will nor trust• Identifying inheritance and death tax states, applicable rates, and

tactics that may be used to minimize them• Reducing the impact of ancillary administration• Provisions you need in a will• When a trust is needed for children• Durable powers of attorney, for financial matters and for health care• Asset protection strategies: upsides and downsides• Management of insurance: umbrella liability, disability, and life• Sample documents that can facilitate loans to children• Dealing with marriage and divorce• Titling assets effectively• Avoiding the loss of capital and passive losses at death• Elder care planning

Learning Objectives:• Understand estate-planning issues unrelated to federal tax planning• Inventory the documents relevant to estate preservation• Understand methods of providing for children and the spouse

Designed For: CPAs who advise clients on estate planningLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

Available in a 4-hour version. See PMI4 on page T-24.

T-11

Taxation

nLe4estAte PLAnning: WhAt to do in 2013

The increased exclusions and lower tax rates present a unique yettemporary opportunity to achieve both estate and income tax objectives. This explores what clients can do to take maximum advantage in 2013.

Major Topics:• A complete analysis of legislation with an eye towards planning

issues and pitfalls to avoid • Clients' wills – revisions are needed• Structuring gifts in the new environment – choosing tactics• Is now still the time to make gifts?• No clawback: portability is permanent• What estate planners should do or undo in a troubled economy

Learning Objectives:• Understand all of the new tax law changes in the estate area• Be able to recognize which planning strategies should now

be considered• Understand what revisions might be needed in clients’ wills

Designed For: CPAs who want to understand the latest tax lawchanges and the effects they will have on their clientsLevel of Knowledge: UpdateCPE Credits: 4, TaxesPrerequisite: Significant knowledge in estate or gift tax planning; attendance at basic estate planning and preparation courses

Available in an 8-hour version. See NLEP on page T-32.

ext4ethicAL considerAtions in YoUr tAx PrActice

This four-hour course covers most of the specific ethical considerations that come into play as a practitioner in the eyes of the Internal Revenue Service. It also covers sanctions and limitations on both clients and practitioners arising out of the preparation of an income tax return.

Major Topics:• Who is a tax practitioner? • What responsibilities does the Office of Professional Responsibility

regulate? • What limitations does the IRS place on fee arrangements? • What duties does the practitioner have with respect to client records?• What is a covered tax opinion? • Under what circumstances does a legend protect a practitioner

from a covered opinion? • What limitations apply with respect to a written tax opinion? • What sanctions may be applied for violations of Service imposed

standards of conduct? • Who is a tax return preparer? • Who must be registered as a tax return preparer?• What are the latest administrative regulations applicable to a tax

return preparer?• What are the education requirements?• What is the difference between more-likely-than-not, substantial

authority, realistic possibility, reasonable basis and a non-frivolousposition?

• What Internal Revenue Code penalty provisions associated with positions taken an income tax return apply to taxpayers?

• What Internal Revenue Code penalty provisions associated with positions taken an income tax return apply to tax return preparers?

• What ethical considerations come into play under Circular 230 inconnection with the conduct of a tax practitioner in connection with positions taken on an income tax return?

Learning Objectives:• Understand the authority of the OPR to discipline through

sanctions individuals performing tax-related services• Understand the standards that apply to a tax position taken by a

tax return preparer• Understand a tax return preparer's duties of registration,

continuing education, and meeting competency standards by IRS-administered examination

Designed For: CPAs with a tax practiceLevel of Knowledge: IntermediateCPE Credits: 4, Regulatory EthicsPrerequisite: Experience in tax return preparation

Note: This course is designed to meet the ethics requirement in states with a general ethics requirement. No state-specific issues are covered.

T-12

Taxation

giFtFederAL estAte And giFt tAx retUrns – Forms 706 And 709 WorkshoP

The estate tax and generation-skipping transfer tax have returned,and the gift tax is again unified with the estate tax. Changes in the transfer tax under new law are mirrored in the compliance requirements. The purpose of this course is to learn how to prepareForms 706 and 709 in these circumstances. This practical manualguides the CPA through the complex issues in completing these forms.

Major Topics:• Transfer tax reform: how enacted legislation affects estates of

decedents dying in 2012 (and 2013) and gifts made in 2012(and 2013)

• Gift tax return basics – Form 709• Special gift circumstances – annual exclusion, gift-splitting, gifts

to minors, and gifts for educational and medical benefits • Overview of estate tax concepts• Estate tax audit issues – What triggers an audit and how to

handle it • Trusts, wills, state laws, and how they affect Form 706• Form 706 preparation issues – Determining includable property;

determining deductions from the gross estate; credits against federal estate tax; calculating the federal estate tax

• Elections you need to know: alternate valuation, special-use valuation, deferred payments

• State death taxes: how they now affect the federal estate tax return• Filing Form 706: where and when to file, how much to pay, and

how to claim a refund• Comprehensive case study with filled-in forms• Portability – understanding and applying the new permanent

feature• DSUEA – why Form 706 should be filed in smaller estates

Learning Objectives:• Complete an estate tax return (Form 706) and accompanying

schedules• Identify elections on the estate tax as they relate to valuation and

timing of payments• Complete a gift tax return (Form 709) and identify how the annual

exclusion, gift-splitting, and certain transfers are properly scheduled

Designed For: CPAs whose practice involves preparation of estateand gift tax returns. This is an excellent course to learn the nuts andbolts of this specialized area of practiceLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course in estate planning

BFt4FederAL tAx UPdAte

Both business and individual clients will be affected by a new tax environment in 2013, requiring that the tax advisor consider extensivetax planning. The critical tactics in 2013 will depend on anticipatedCongressional action, and this course will also review the major trends and changes in the case and regulatory law.

Major Topics:• How the Code affects tax planning for individuals and businesses• Techniques for taking maximum advantage of the 2013 tax rules,

including the new investment income tax• Other late-breaking tax law changes• Practice aids, including the 2013 inflation-adjusted amounts,

mileage rates, and more

Learning Objectives:• Understand strategies and techniques to use in light of tax changes• Understand what pass-throughs can do in light of health care and

tax changes• Understand current cases and rulings affecting businesses

Designed For: CPAs who need to know the latest tax law changes inall areas of practiceLevel of Knowledge: UpdateCPE Credits: 4, TaxesPrerequisite: Experience with individual and business clients

Available in an 8-hour version. See BFTU on page T-4.

T-13

Taxation

1041FidUciArY income tAx retUrns –Form 1041 WorkshoP

As income tax rates rise on estates, trusts, and their beneficiaries,consideration of the income tax effects becomes more critical. Thepurpose of this course is to explain the complicated income tax rulesof estates and trusts, fiduciary accounting, and how to prepare Form1041. This practical, over 300-page manual is an excellent referencesource for your practice.

Major Topics:• Dividing income in the year of death• Overview of Subchapter J• Income tax issues of estates and trusts• Form preparation issues -- Filing requirements and line-by-line

explanations of Form 1041• Taxable income of estates and trusts and expense allocation issues• Specific deductions and miscellaneous itemized deductions• Pension plan issues and income in respect of a decedent• Distributable net income (DNI) and the income distribution

deduction • Calculation of DNI and computation of distribution deduction on

Schedule B• Principal and Income Act of 1997• Relation of principal and income law to DNI• Understanding how to handle capital gains and losses • Tax-planning concerns and special issues• Allocating tax items to beneficiaries: another K-1• Comprehensive estate case study

Learning Objectives:• Be aware of fiduciary accounting principles• Calculate Distributable Net Income and the income distribution

deduction• Prepare Form 1041 and Schedule K-1

Designed For: CPAs whose practice includes the preparation of fiduciary income tax returnsLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course on estates and trusts; preparation of income tax returns

T-14

htoFFrom hiring to Firing And everYthing in BetWeen: LegAL,tAx, And heALth cAre issUes

The employer-employee relationship strains both sides in a troubledeconomy, and businesses need CPAs, controllers, and other advisorsto provide understanding of the complex legal, tax, and health care issues associated with all aspects of employment. This course provides in-depth coverage of this critical area.

Major Topics:• Hiring and firing issues – What questions cannot be asked in an

interview; how to document employee performance; establishing an annual review system; when an employer may and may not fire an employee, and much more

• Employment contracts – An analysis of the legal and planning issues in structuring employment contracts; when non-competition agreements will and will not work

• Employment issues in the economy – Telecommuters and other special situations

• Legal liability issues – Recognition of age discrimination, sex discrimination, FSLA issues, minimum wage, overtime, sexual harassment, and more

• Fringe benefit issues – COBRA, Family and Medical Leave Act, and what is new in health care

Learning Objectives:• Identify the legal issues in hiring, evaluating, and firing employees• Discuss federal laws that curtail an employer in taking actions

involving employees and applicants• Understand the requirements that fringe benefits and

compensation programs place on employers

Designed For: CPAs who need an in-depth understanding of employment issues Level of Knowledge: BasicCPE Credits: 8, Business Law (6), Taxes (2)Prerequisite: None

Taxation

exiBhot irs tAx exAminAtion issUesFor individUALs And BUsinesses

Recently, the IRS has dramatically ramped-up its examination of individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn thehigh audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting tounderstand the risk to clients and to themselves in tax return preparation and planning.

Major Topics:• Schedule C and cash basis audit issues – the IRS has gotten

very tough• Vehicles, meals and entertainment, and fringe benefit

documentation• Passive losses and passive income: in-depth understanding of

hot IRS audit examination areas• What the IRS is looking at in partnership and LLC returns• Selected industry-specific issues, including construction, retail,

food, bars, etc.• S corporation flow-through and basis issues, including debt• Post-audit: the 30-day letter and the 90-day letter – what they

mean to the taxpayer.

Learning Objectives:• Understand what the IRS is focusing on in auditing individuals

and selected businesses• Help clients reduce their exposure to additional tax assessments• Determine strategies for dealing with IRS examiners and

presenting your clients tax positions in the best light possible

Designed For: CPAs in public practice who prepare tax returns andrepresent their clients on IRS examinationsLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Experience in preparing individual and business tax returns

T-15

nFFigetting reAdY For BUsY seAson:A gUide to neW Forms, FiLing issUes, And other criticAL deveLoPments

Getting ready for busy season involves not only knowing the new tax rules for the current year, but also understanding how the new rules apply to current-year returns. This course provides an up-to-date review of important tax form changes, new tax forms, key developments as they are reflected in the IRS forms, and IRS filing issues and deadlines that will be invaluable to attendees who prepare tax returns for individuals, partnerships, and LLCs.

Major Topics:Individuals:• New individual tax forms and instructions for the current tax return

year, including 1099s, W-2s, and other informational reporting• Key new tax developments and how they impact the current tax

year forms for individuals• Review of the common errors on frequently-used individual tax

returns and schedules• Individual tax return red flags inviting IRS audits• When to make disclosures on individual returns• Individual filing deadlines and the amendment of individual

income tax returns

Businesses:• New pass-through entity tax forms, schedules, and instructions

for the current tax year, including K-1• Key new tax developments and how they impact the current tax

year forms for pass-through entities• Review of the common errors on pass-through entities’ tax

returns and schedules• Pass-through entity tax return red flags inviting IRS audits• When to make disclosures on pass-through returns• Pass-through filing deadlines and the amendment of pass-through

returns and schedules

Learning Objectives:• Identify new income tax returns and schedules for individual and

pass-through entity clients• Understand which income tax returns and schedules have

changed for individual and pass-through entities• Identify the legislative, administrative, and judicial developments

that affect the income tax returns and schedules of individuals and pass-through entities

Designed For: Any tax practitioner preparing or reviewing individualand pass-through entity income tax returns for the current tax year Level of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Basic familiarity with tax rules relating to individual and pass-through entity taxation for the current tax year

Taxation

T-16

seAzhoW to settLe An estAte For AcLient From A to z

Federal estate and gift taxes currently affect few clients, but there aremany other issues involved in settling an estate or administering atrust. Clients who are beneficiaries of a trust or estate often turn totheir financial advisors to understand the administrative process andits effect on their interests. This course enables the accountant to cutthrough the jargon to understand the legal concepts, communicate areal-world explanation to clients, and serve, in some instances, as anexecutor or trustee or as an advisor to them. After taking this course,practitioners will feel confident about serving in a fiduciary capacity.

Major Topics:• Practical issues involved when settling an estate – Marshaling of

assets, payment of creditors, and distribution and accounting tobeneficiaries

• Explaining the needs and limitations of durable powers of attorney,health care directives, and living wills

• Why a will is probated, and on what grounds it may be challenged• Comprehensive checklists on how to read a will, duties of an

executor and trustee, and much more• Identification and report of estate assets• What to do and what not to do as a fiduciary, executor, or trustee –

Duty of care, investment, informing, payment of debts and taxes,defending a will contest

• How executors and trustees interact with beneficiaries • Elective shares, and when a spouse might make that choice• What a trustee needs to know about incompetents and minors • Rights of creditors, third parties, and beneficiaries• Key issues in transferring property to a trust and from a trust or

estate to a beneficiary• Identifying income, estate, and inheritance taxes • Fiduciary accounting – Principal and income concepts• An introduction to drafting an account, and why it is required• Administration of revocable trusts• Taking care of an estate before death: powers of attorney, health

care directives, living wills, and the administration of revocable trusts

Learning Objectives:• Understand how the claims of creditors impact a beneficiary's claims• Understand the key provisions in a will or trust• Understand the duties of an executor or trustee in relation to

beneficiaries and other third parties• Identify the trust or will and other documents encountered, and

their uses• Understand the stages of an estate administration including costs,

collections, payment of debts/taxes, and distribution to beneficiaries• Be aware of the duties a fiduciary and members of the estate

planning team owe to creditors, beneficiaries, and courts

Designed For: CPAs who wish to assist in settlement of an estate, regardless of sizeLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

inB4individUAL income tAx retUrn mistAkes And hoW to Fix them

Every practitioner has been confronted with a client who has a different twist on a tax plan or idea. This course focuses on the “law” in order to break down situations in which a taxpayer has attempted to push one of these plans or ideas. The study of the law underlyingthe tax mistakes made will assist practitioners in satisfying their professional standards of practice.

Major Topics:• Complete coverage of the tax acts of 2012 and any new legislation

enacted before presentation• Failure to report income witnessed by 20 million people• Not all forgiven principal residence debt is excludable• New special tax treatment for corrosive drywall losses • Itemized deduction for donating a house to fire department – the

deduction goes up in smoke; • Passive income and the self-charged rent rules• Grouping activities as a single unit• New Form 8938 for reporting foreign financial assets and updated

rules. How much trouble results in not filing a TD F 90-22.1 Form?• Can a lottery winner buy a capital gain?• Stock sold at loss and repurchased in IRA• Estimated taxes, the big penalties, and planning• Ignoring the future of Social Security• A self-directed IRA miscue eliminates bankruptcy exemption• New Revenue Procedures regarding streamlined installment

agreements; avoiding both preparer and accuracy-related penalties;and due diligence requirements to avoid penalties in EITC

Learning Objectives:• Achieve significant insight into the major mistakes that can be

made in individual tax and financial planning• Develop strategies that will assist in not only avoiding mistakes but

also in providing the best advice to your clients

Designed For: CPAs who wish to get a deeper insight into underlyingtax law for some common client transactions that many offices haveseen, plus some not so common client transactionsLevel of Knowledge: IntermediateCPE Credits: 4, TaxesPrerequisite: Basic knowledge of individual income taxation

Available in an 8-hour version. See INBB on page T-32.

Taxation

Bit4individUAL income tAx UPdAte

This highly informative course responds to the latest in tax law developments, including discussions of the planning opportunitiesavailable to your individual tax clients. This up-to-date knowledge will enable you to further discuss new developments and tax-savingideas applicable to your clients and their growing needs in light ofpost-election developments.

Major Topics:• Impact of tax rates on individuals under tax reform • Practice aids, including 2013 inflation-adjusted amounts, mileage

rates, and more • Complete coverage of all the (2013 when announced) latest IRS

rulings and procedures affecting individuals in general, along withan up-to-date summary of the most important tax court decisionsand tax law changes in this area

• Other late-breaking tax law changes

Learning Objectives:• Understand strategies and tactics to use in light of tax reform • Understand the most current guidance on retirement planning and

Social Security • Understand how to nail down valuable deductions and other

reductions to the tax base

Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clientsLevel of Knowledge: UpdateCPE Credits: 4, TaxesPrerequisite: Experience in individual tax planning

Available in an 8-hour version. See BITU on page T-5.

T-17

itP4individUAL tAx PLAnning ideAs For 2013

In the fluid economic environment, clients must protect their incomefrom taxes. This course presents the most important income tax planning ideas wealthy clients and closely-held business owners need to consider in 2013 to take advantage of the present and plan for the future. It highlights areas in the income tax return that suggestfuture opportunities for the individual client.

Major Topics:• Review tax laws and proposals• Reading a tax return for developing client-specific tax strategies• Compensation and fringe benefit issues• Is the client in the right mix of investment vehicles?• Identify clients with investment income tax problems and the

potential ways to reduce or eliminate them• All in the family: Tax tactics for spouses, children, and parents• What is new in health care that CPAs need to know

Learning Objectives::• Identify areas where individual taxpayers are not taking full

advantage of the Code• Know the directions in which taxes are changing or are likely to

change and how that affects planning

Designed For: All practitioners involved in tax planning for individualswho need to go beyond basic tax and financial planning techniques Level of Knowledge: IntermediateCPE Credits: 4, TaxesPrerequisite: Experience in individual income tax planning and income tax return preparation

Available in an 8-hour version. See TXCU on page T-25.

Taxation

T-18

nexULeArn to do A nexUs stUdY toBUiLd YoUr stAte And LocAL tAx PrActice

In today’s turbulent economy, states are reaching and, in some cases, overreaching their authority to gather additional state income,franchise, and sales taxes from out-of-state businesses. CPAs in public accounting are looking for ways to provide valuable additionalservices to clients. Providing clients with a nexus study will help create or expand your state and local tax practice and is a great areaof practice development. By attending this class, practitioners will gain the skills they need to assist their clients in determining the states in which they have nexus.

Major Topics:• Understand the history of nexus issues, including court cases

and records of new “expanded views” that states are taking• Learn to examine the operational activities of your clients through

the use of checklists and questionnaires to help them determine ifthey have nexus for income, franchise, and sales taxes and how to assess their nexus

• Participate in case studies designed to give you the skills you need to determine if a client has nexus for income, franchise, andsales tax

• Discuss up-to-the-minute developments in Internet sales and aggressive law changes in certain states to collect sales tax fromthis group

• Explore planning opportunities to avoid nexus• Examine whether client affiliates and agents can draw your client

into a nexus battle with various states• Discuss the alternatives available once a client has determined

that they have nexus in a state

Practice aids, checklists, and questionnaires will be provided for participants to take back to the office and use on a daily basis.

Learning Objectives:• Know what questions to ask clients to help them determine if they

have nexus for income or sales tax and how to assess the answer• Understand the current tax law issues• Provide consulting and planning alternatives for clients who need

this very valuable service.

Designed For: CPAs in public practice who want to expand the scopeof services they provide to clients, and CPAs in industry who want tounderstand their exposure to nexus issuesLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Previous coursework in multistate tax issues

Bts4keY PArtnershiP And s corPorAtion tAx PLAnningstrAtegies

Most of our clients are pass-through entities for which many of thegeneral business strategies are subject to additional limitations. To provide the tax planning strategies for closely-held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.

Major Topics:• Basis planning: at-risk and passive considerations• Fringe benefit inventory: a checklist for clients; when does the

$75 rule apply?• Related party transactions: making them work• Income splitting and shifting with family can create great benefits• Capital investment – what to do in 2013 and beyond

Learning Objectives:• Understand how the strategies and techniques in business-related

tax planning are modified for pass-throughs• Understand the special problems when transactions involve the

business, its investors, and related businesses and individuals

Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companiesLevel of Knowledge: IntermediateCPE Credits: 4, TaxesPrerequisite: Experience with business clients

Available in an 8-hour version. See BTPS on page T-19.

Taxation

hmB4mAstering BAsis issUes For s corPorAtions, PArtnershiPs,And LLcs

The most difficult concepts to master when dealing with flow-throughbusiness entities are the basis and distribution concepts. Major errorand malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on the practical applications of these rules.

Major Topics:• Applicable coverage of the tax acts of 2012 and any new

legislation enacted before the presentation• S Corporations:

– Beware of recent final IRS Regulations regarding “open debt” of S corporations

– Understand the effect of stock basis and debt basis and IRS’s recent focus on ‘at-risk basis’ for shareholders

– Recognize how AAA applies or does not apply to certain S corporations

– Learn to apply the complex ordering rules and special elections that can have a big tax result

– Become aware of when you can have a taxable dividend in an S corporation

– Understand distributions of cash and property and post-termination transition rules

• LLCs and Partnerships: – Learn the detailed rules of §704 for preventing the shifting of

tax consequences among partners or members– Determine how to calculate basis under both §704 and for

“at-risk” under §465– Recognize how recourse, nonrecourse, and qualified

nonrecourse debt can create significantly different tax results – Review §754 step-up in basis rules

Learning Objectives:• Determine initial basis and organizing tax-free under §351 and §721• Understand what affects basis and how to treat distributions

Designed For: CPAs who prepare both individual and flow-throughbusiness entity tax returns and need a thorough grasp of these signifi-cant issuesLevel of Knowledge: IntermediateCPE Credits: 4, TaxesPrerequisite: Experience in business taxation

Available in an 8-hour version. See HMBI on page T-29.

BtPsmAke moneY For YoU And YoUrcLients: sUrgent mccoY's toPBUsiness tAx PLAnning strAtegies

Have you ever left a CPE seminar wishing you’d learned somethingthat would really help your bottom line? This course is designed to provide innovative, real-world ideas that will increase revenue for you,your firm or company, and your clients. Find out the answers to tough questions regarding tax planning and strategies for the closely heldbusiness, and learn how to apply key techniques to make more money.

Major Topics:• New strategies in light of tax reform

– What type of business entity should you consider? Are LLCs out of favor, and are S and C corporations hot new vehicles?

– Compensation planning – with potential increases of our client’sSocial Security taxes, what can we do to lessen the burden?

– Pension plans – are they now more valuable, and what are thebest options? Are 401(k) plans not as good, and could definedbenefit plans make a comeback?

– Should employees fund regular 401(k)s or traditional IRAs?– Fringe benefit plans – how they play a larger role in getting to

a lower taxable income; what choices should you consider?– Health care reform: what it means to employers

• Basis planning: at-risk and passive considerations• C corporations: are they qualified personal service corporations?• Fringe benefit inventory: a checklist for clients; when does the

$75 rule apply?• End-of-year W-2 adjustment worksheets: HI, auto, group-term life• Deferred compensation• Legal checklist: buy-sell agreements, life insurance, and more• Family involvement: not enough?• Medical benefits: long-term care, HSAs, cafeteria plans, COBRA

compliance, disability • Travel and entertainment• Maximizing depreciation deductions and applying the new

capitalization regulations• Related party transactions: making them work• Maximizing retirement benefits• Methods of accounting: when do you use accrual instead of cash?

Learning Objectives:• Understand what strategies and techniques are most appropriate

for businesses in dealing with employee-related issues• Understand how to structure buy-sell agreements• Understand how to incorporate family members into a business and

avoid problems a business can experience in dealing with them


Available in a 4-hour version. See BTS4 on page T-18.

T-19

Taxation

T-20

mFePmAstering the FUndAmentALs oF estAte And giFt tAx PLAnning

The estate and gift tax have been greatly relaxed but 2013 will require estate planning services for many clients now that the tax environment has stablized. This course examines the fundamentals of estate planning including critical concepts in marital deduction planning, credit shelter trusts, selection and powers of trustees, and titling and funding issues. The comprehensive manual provides an in-depth analysis of will provisions, checklists, flow charts, and real-life examples.

Major Topics:• Up-to-the minute analysis of legislative changes, and planning in

light of the changes • Complete Code section analysis of the federal estate and gift tax • Marital deduction planning – Second spouse, QTIP trusts, QDOT

trusts, power of appointment trusts, and more • Credit shelter trusts and the applicable credit amount • Uses and techniques of life insurance • Tools and techniques in gifting to minors, spouses, and other family

members, including uniform transfers (or gifts) to minors accounts,education trusts, §§2503(b) and (c) trusts, and more

• Reducing taxes by charitable giving, special credits, and estatefreezing techniques

• Use of irrevocable and revocable trusts and other will substitutes • Impact of increase, and future decrease, in applicable exclusion

amount • A timeline of changes in the law – how and when they affect

clients and the estate

Learning Objectives:• Identify what property is included in a decedent’s gross estate• Understand the use of trusts in an individual’s gross estate• Calculate gift tax and estate tax liabilities• Be aware of various tools and techniques of transferring property

with the least tax liability

Designed For: CPAs who advise clients on establishing an estate planLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

ssr4mAximizing YoUr sociAL secUritY BeneFits

As the baby boomer generation approaches retirement, financial andtax planners can expect increased demand for strategies that dovetailSocial Security with other retirement objectives. This course providestax and financial planning professionals with both the background information on the Social Security system and the strategies clientswill need in dealing with it.

Major Topics:• Retirement benefits: What the amount of benefits is in various

circumstances• Spousal benefits: Should a spouse return to work? What

benefits does a spouse have and when and how do they relate to benefits decisions by the client?

• Claiming on Social Security: advantages and disadvantages atages 62, 66, and 70

• Planning: What clients approaching retirement age should consider now with respect to benefits for them, their spouses, and their children

• Coordinating benefits: Should you take Social Security first andhigher-balance IRA distributions later, or take IRA balance first and enhanced Social Security benefits later?

Learning Objectives:• Identify who is entitled to retirement benefits and in what amounts• Be aware of what factors must be considered in determining

when to take benefits• Understand the impact of reductions or enhancements to the

benefits on planning

Designed For: Practitioners who have baby boomer clients with significant wages or earned incomeLevel of Knowledge: BasicCPE Credits: 4, TaxesPrerequisite: None

Available in an 8-hour version. See SSRB on page T-26.

Taxation

srPLneW criticAL decisions in seLecting the Best retirementPLAn For smALL BUsinesses in 2013

Small businesses face increasing demands for retirement benefits forrank-and-file employees as well as newly enhanced opportunities fortheir principals. Unfortunately, they don’t have Fortune 500 budgets todesign, implement, and administer their plan. With the income taxesin 2013 affecting businesses and individuals, retirement plans offerunique opportunities that clients may need to maximize. Now morethan ever, tax practitioners need to know how to communicate the following tax reform ideas effectively, and to provide ongoing tax planning services to the most important segment of their client base.This course is tailored to the needs of small businesses.

Major Topics:• Compliance: what the IRS and DOL need to know• How income tax rates affect plan selection.• Review of practical plan options and matching this to the client’s

needs• How top-heaviness has gone on a diet• Playing catch up with retirement plans• Overlooked ways for highly compensated employees to contribute

more to their plans• Increasing benefits for participants and deductions for businesses• SIMPLE and 401(k) plans that provide added benefits• The §401(k) plan regulations• Roth 401(k) programs: an opportunity that must be considered • The deemed IRA• Eliminating the money purchase plan in favor of a more flexible

profit-sharing plan • Increasing access to accounts before retirement • Defined-benefit plans: will they be making a comeback?• The latest on cash balance plans • The solo 401(k): solution for the self-employed• Late-breaking tax legislation if pension reform is enacted

Learning Objectives:• Identify the tax benefits and limitations of qualified plans• Distinguish types of qualified plans and explain their advantages

and disadvantages• Understand what factors determine which qualified plan design is

appropriate• Be aware of compliance issues

Designed For: CPAs in public accounting and industry who wish toexplore the newest and best options for structuring pension plansLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

T-21

nmedneW medicine: keY issUes cPAs needto knoW ABoUt the PAtient Protec-tion And AFFordABLe cAre Act

Now that the Supreme Court has upheld the constitutionality of the PatientProtection and Affordable Care Act, CPAs and other tax advisors need tounderstand the tax and health insurance related changes contained in thatlegislation, many of which begin in 2013. This legislation has important implications for employers’ health care plans, and contains significant taxlaw changes that affect individual and business clients. This course willfocus on key issues/planning strategies that CPAs and other tax practitionersneed to know in order to advise their clients regarding this far-reaching legis-lation. Detailed examination of the proposed regulations on the additionaltaxes on unearned income and earned income beginning in 2013 is included.

Major Topics:Medical Insurance Issues –

• Overview of health insurance changes affecting businesses• Shared responsibility excise tax penalty for large employers• Defining the 50-employee count: watch out for related company rules!• How does this law affect small business? Should small employers

retain health insurance coverage for their employees, or drop it andjust pay a penalty? What issues confront small employers?

• Options for individuals who do not have health insurance coveragethrough an employer: purchase coverage, or pay a penalty

• What will health insurance look like in 2014? Pre-existing conditions nowmust be covered, but choices might be limited and costs of health carecoverage should substantially increase. What do Bronze, Silver, Gold,and Platinum mean under the new law in terms of coverage and costs?

New Critical Tax Issues –

• Understanding the very complex rules of the new 3.8% Medicare tax onnet investment income, which come into effect on January 1, 2013

• PROPOSED REGULATIONS: What they tell us, and what they don’t• Who is subject to this new tax, how does it work, and what are the key

planning strategies individuals should consider before the end of 2012that could help reduce or minimize this tax?

• Advanced issues: impact of this tax on real estate professionals, thesale of a business, taxpayers with passive losses, and more

• Understanding the new 0.9% Medicare tax on earned income for 2013• PROPOSED REGULATIONS: Impact on employees and employers• Does marital status impact the effect of this tax? How will this be applied

on Form W-2 and on individual tax returns? How does self-employmentincome or losses tie together? What are the important planning issues?

• New limitations on flexible spending arrangements (FSAs)• New changes in 2013 for claiming medical expense deductions• Small business health insurance credit: is it worth considering?• Form W-2 information on health insurance costs required to be disclosed

Learning Objectives:• Understand how the new health care act affects businesses• Recognize that new penalties apply to individuals and businesses• Understand the tax law changes that go into effect on January 1, 2013• Plan effectively for clients in light of this new major law change

Designed For: CPAs in public accounting and industry who need to understand the changes and implications of the new health care lawLevel of Knowledge: Update

CPE Credits: 4, TaxesPrerequisite: Experience in individual and business taxation

Taxation

T-22

PctrPrePAring c corPorAtion tAx retUrns For neW stAFF And PArA-ProFessionALs

This course is a great foundation to introduce new preparers to taxrules related to business returns. The course provides new staff coverage of tax areas affecting all business entities, providing stafftraining in which they may carry to other business entity returns. Suchbusiness tax topics include the sale of assets used in any trade orbusiness (Form 4797), depreciation (Form 4562), deductible vs. non-deductible items, and the basics of uniform capitalization. The objective of this course is to train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal corporate income tax return. It is ahands-on, practical course in filling out most tax forms, with extra emphasis on form changes due to new tax law.

Major Topics:• Preparation by hand of a reasonably complicated Form 1120 U.S.

corporate income tax return from trial balance to completed return• Many M-1 adjustments in reconciling book income to tax income• New tax-planning strategies for depreciation deductions, including

changes to §179 and additional first-year depreciation as a result of 2012 tax legislation

• Methods of accounting – Application and choices• In-depth analysis of Form 4797 dealing with depreciation recapture• Deductible expenses – A “laundry list” including rules on meals

and entertainment• Computation of tax liability, including alternative minimum tax• New Form 8941: Credit for Small Employer Health Insurance

Premiums• How to practically handle uniform capitalization and inventory

accounting for a small manufacturing concern• And much more

Learning Objectives:• An understanding of basic preparation principles which affect all

business entities• Learn in detail about the preparation a Form 1120• Understand the proper treatment of trial balance entries into

Form 1120

Designed For: New staff and para-professionals involved in return preparationLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

BtP4PArtnershiPs And LLcs: Avoiding common PitFALLs FAcing PrActitioners

Have you ever left a CPE seminar wishing you had learned somethingthat would really help your bottom line? This course is designed toprovide innovative, real-world ideas that will increase revenue for you,your firm or company, and your clients. Find out the answers to toughquestions regarding tax planning and strategies for the limited liability company and partnership clients, and learn how to apply keytechniques to make more money.

Major Topics:• When you can’t take wages• Good tax debt vs. bad tax debt• Knowing how to read an operating agreement• Understanding the effect of special allocations • Failure to recognize taxation on service partners • Breakdown in distinguishing between a draw and a guaranteed

payment • Oversight in not taking into account limitations at the entity level • Pension issues• Business issues and the significant tax problems in related party

transactions• Recognizing a related party transaction

Learning Objectives:• Define a recourse indebtedness and a nonrecourse indebtedness

and describe how such liabilities are allocated among the partners • Distinguish a draw from a guaranteed payment and the practical

consequences of the difference • Discuss which tax items are determined at the entity level • Describe the character of partner/member distributions and

earnings on pensions • Identify the employment tax regime applicable to partners and

members • State why guarantees are useful to an LLC member


Available in an 8-hour version. See BTBB on page T-31.

Taxation

rUsAreAding, UnderstAnding, And strUctUring LLc And PArtnershiP Agreements From A cPA’s PersPective

Preparation of Form 1065 and Schedules K-1 often require the return preparer to understand the provisions of a partnership or LLCoperating agreement. This workshop focuses on the provisions of anagreement or state law that can affect tax reporting and examines sample language used to achieve certain objectives. Accountantsshould proactively review agreements when a client is engaged, notonly to identify any special provisions but also to determine missingprovisions that should be brought to the attention of the principals toavoid tax issues down the road. This course provides critical informa-tion to tax practitioners who prepare partnership and LLC tax returns.

Major Topics:• State law: what provisions apply when the agreement does not

address an issue; what state law cannot be overridden by theagreement

• Formation: how does the business handle liabilities?• Capital accounts: distinguishing book from tax; the consequences

of differences, options to handle• Distributions and distributive shares: not necessarily the same• Liability management: recourse or nonrecourse; how the

investors can change the status• Allocations: Flip-flop, preferring the return of capital, and reduction

of investor interest and augmentation of the promoter’s interest;structuring preferred returns, guaranteed payments, and special allocations; is a qualified income offset appropriate?

• When investors change: deemed distributions; capital account and basis adjustments relate to agreement provisions

• Elections: providing the method by which the business may alter the tax basis a tax step up in the basis of assets in a sale, redemption, or retirement of an interest, or the basis of assets distributed; considerations in making the choices

Learning Objectives:• Develop a checklist approach to review partnership and LLC

agreements• Identify preparation planning for a partnership or LLC agreement

Designed For: CPAs who are responsible for helping structure an LLCor partnership, and CPAs who prepare tax returns for these entitiesLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: Experience with partnership/LLC clients; an intermediate course in partnerships/LLCs

T-23

PitrPrePAring individUAL tAx retUrns For neW stAFF And PArA-ProFessionALs

The objective of this course is to train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal individual income tax return. Over theyears, thousands of new staff have received practical, hands-on experience to become familiar with most tax forms. This course coversthe latest tax law changes, making it essential for your new staff.

Major Topics:• Preparation of various Form 1040 individual tax returns and schedules• Tax filing status – Rules for filing status and planning opportunities

and pitfalls• Dividends and interest – Ordinary, return of capital, and capital gain

distribution dividends; tax-exempt interest, original issue discount, etc.• Security transactions – How to handle mutual fund sales and related

basis issues• Self-employed person issues• Sale and exchange of property – Understanding Form 4797 and

depreciation recapture; capital gains• Schedule C deductions• Passive losses – How to handle rental property and a working

understanding of how the passive loss rules flow to the tax forms• Itemized deductions – A thorough understanding of what’s

deductible and what’s not• Interest deductions – Limitations and timing problems• Retirement contributions and education credits and deductions• Tax computation – The Kiddie tax, AMT, regular tax, tax credits, etc.• Individual problems illustrating form preparation for various items• Impact of recent legislation on the 1040

Learning Objectives:• Understand the complicated issues of filing status and dependency

exemptions• Learn about taxable and tax-exempt interest issues as well as

dividend income• Understand issues involved with reporting capital gains transactions• Complete a comprehensive problem related to Schedule C of the

Form 1040• Complete a comprehensive problem related to Form 4797• Learn about passive activity rules• Complete a comprehensive problem related to Schedule A• Understand the various types of interest• Learn about IRA contributions, KEOGH plans, child-care credits,

and rules for the adoption tax credit• Complete a comprehensive problem related to computation of an

individual's federal income-tax liability

Designed For: New staff and para-professionals who prepare individual returnsLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

Taxation

T-24

BcP4s corPorAtion, PArtnershiP, And LLc tAx UPdAte

If you are a practitioner who wants the latest information on taxchanges affecting your business clients or employers, then you shouldtake this enlightening course. You will learn invaluable knowledge,strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs.

Major Topics:• Coverage of all of the business tax changes under tax reform • A review of the key cases, rulings, and tax law changes affecting

S corporations, partnerships, limited liability companies, and limited liability partnerships

• Any late-breaking tax legislation

Learning Objectives:• Understand the major issues on which taxpayers and the Service

are in conflict • Understand how tax reform affects planning for pass-throughs • Understand what pass-throughs can do in light of tax law changes

and proposed reform

Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their business clients or employersLevel of Knowledge: UpdateCPE Credits: 4, TaxesPrerequisite: Experience with pass-through entity clients

Available in an 8-hour version. See BCPE on page T-5.

Pmi4seLect estAte And LiFe PLAnningissUes For the middLe-incomecLient

Clients think that estate planning only applies to the very rich. In truth,there are many issues of critical concern for which the middle-incomeclient needs to plan. This course is a must-attend for all CPAs whowork with middle-income clients and are looking for ways to provideadditional quality services.

Major Topics:• More than 20 documents that clients may use • Provisions you need in a will • Trusts and other arrangements for children• Durable powers of attorney for health care and for financial matters• Asset protection strategies

Learning Objectives:• Understand various documents used in estate planning • Identify use of trusts and other financial arrangements • Know what issues clients confront, and potential solutions

Designed For: CPAs who advise clients on estate planningLevel of Knowledge: BasicCPE Credits: 4, TaxesPrerequisite: None

Available in an 8-hour version. See PMIC on page T-11.

Taxation

T-25

cPe4shoULd cLient exPenditUres BecAPitALized or exPensed? A gUideto the neW irs regULAtions

Several years after issuing proposed regulations, the IRS has issuedtemporary regulations relating to how Sections 162 and 263 apply to the acquisition, production, and improvement of tangible property.These regulations basically address the commonly encountered question: is an expenditure deductible, or must it be capitalized?

These rules are particularly critical for all tax practitioners to understandbecause they apply to a wide variety of transactions that businessclients commonly enter into. In 2012 and 2013, these regulations mayprovide better results than either prior law or the final regulations. All tax practitioners need to be familiar with these new rules. It is for thisreason that this program, which covers these new rules and uses theIRS-provided examples as guides, is essential for both general taxpractitioners and those with more specialized practices.

Major Topics:• Tax treatment of incidental and nonincidental materials and supplies• Electing to capitalize and depreciate rather than expense• Rotable spare parts• Applying the special de minimis rule allowing taxes to expense

rather than capitalize• Distinction between repair and capitalization• Definition of capital expenditures• Expenditures that facilitate and do not facilitate the acquisition

of property• Definition of a unit of property• Special rules relating to lessors and lessees for improvements to

leased property• Direct and indirect costs of improving properties• Activities treated as routine maintenance• Rules relating to betterments and restorations of buildings

Learning Objectives:• Choose between “old law,” temporary regulations, and final

regulations in 2012• Understand how the new rules relating to expensing and

capitalization work• Applying the new rules by using some of the many examples the

IRS has provided in the regulations as guides• Differentiate among the various tax treatments associated with

materials and supplies, repairs, rentals, and leased property,amounts paid to acquire or produce tangible property, and amounts paid to improve property

• Determine when and if the new rules will require a change in accounting method

Designed For: Tax practitioners advising clients as to whether clientexpenditure must be capitalized or may be expensedLevel of Knowledge: IntermediateCPE Credits: 4, Taxes

Prerequisite: An understanding of the tax rules relating to individual income tax

txcUshortcUts to tAx cUts: individUALtAx, sociAL secUritY, & retirementPLAnning tooLs And strAtegies

In the fluid economic environment, clients must protect their incomefrom taxes, their retirement and college funds from inadequacy, andtheir Social Security from less-than-optimal benefits. This course presents the most important planning ideas wealthy clients and closely held business owners need to consider in 2013 to take advantage of the present and plan for the future with many checklistsdesigned to determine which areas are most appropriate for the client.

Major Topics:Social Security:• Pass-through income: Is it subject to the tax?• Review of legislative proposals: Will full retirement age go up?

Will benefits be reduced? Will S corporation pass-through income be subject to Social Security?

• Planning for Social Security: Ideas that clients need to consider before retirement

• Maximizing benefits: When to claim, when to retire• Income tax issues: Impact on timing of other income, selection

of investments• Maximizing benefits for the family: Children, spouses, and parentsRetirement and college planning:• The best planning ideas for your client’s retirement benefits• Using Roth IRAs/Roth contribution programs to maximum advantage• Conversions: Still make sense?• Taking distributions: Matching timing to client requirements• Qualified plan contributions to reduce current income and Social

Security tax: Implications for the business owner and self-employed• Prioritizing allocations among investment, retirement, and college

funding vehicles• Multi-generational planningIndividual taxes:• Will there be more changes in the tax laws?• Identifying tax opportunities: Reviewing the prior-year return to

develop a plan for the future• Strategies for the small business owner• Investments: Why income tax rates on gains and dividends matter• Income-splitting and income-shifting tactics• Health care: What are the options now?

Learning Objectives:• Mine a tax return for tax planning with a client• Understand the planning implications of the current environment• Understand considerations in maximizing Social Security benefits

Designed For: Practitioners involved in tax planning for individualswho need to go beyond basic tax and financial planning techniquesLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Experience in individual income tax planning and income tax return preparation

Available in a 4-hour version. See ITP4 on page T-17.

Taxation

T-26

tPgssUrgent mccoY's 2013 AnnUALtAx-PLAnning gUide For s corPorAtions, PArtnershiPs,And LLcs

As long as LLCs, partnerships, and S corporations form the backboneof many CPAs' practices, in-depth knowledge of all tax aspects ofthese entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations, partnerships, and LLCs. This course is essential forCPAs in public accounting and industry who advise these entities ortheir investors.

Major Topics:• Update on latest cases, rulings, and regulations• How to handle liabilities of LLCs• Planning opportunities and pitfalls in determining basis – recourse

and nonrecourse debt issues for LLCs, and much more• Partnership planning – Structuring partnership distributions and

transfers of interests • Optional basis adjustments – §§754 and 732(d)• Basis and distribution issues in the S corporation• Redemptions and liquidations of S corporations• Compensation in S corporations • Sale of a partnership – the best planning concepts• What you need to know about family pass-throughs – Estate

planning, family income splitting, and compensation planning • Partnership and LLC allocations • Late-breaking tax legislation, with emphasis on its impact on

pass-throughs and their owners

Learning Objectives:• Identify current issues that practitioners are most often called on

to address• Be familiar with planning techniques employed in dealing with the

life cycle of pass-through entities• Distinguish the roles S corporations and partnerships/LLCs play

in the changing tax environment

Designed For: CPAs in public accounting and industry who want tolearn planning strategies relevant to S corporations, partnerships, and LLCsLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course in partnership theory and S corporationtheory

ssrBsociAL secUritY, medicAre, AndPrescriPtion drUg retirementBeneFits: WhAt everY BABYBoomer needs to knoW noW

Social Security seems poised for changes in benefits and eligibilityage. As the baby boomer generation approaches retirement, financialand tax planners can expect increased demand for strategies thatdovetail Social Security with other retirement objectives. This courseprovides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with it.

Major Topics:• Legislative developments• A full chapter devoted to determining the best new planning

options for maximizing joint Social Security benefits • Retirement benefits: What the amount of benefits is in various

circumstances; how the amounts are distributed within the family unit• Qualification: Has the client retired? How business entities may

be used for Social Security advantage• Income taxation of Social Security: avoidance tactics• Spousal benefits: Should a spouse return to work? What benefits

does a spouse have and when and how do they relate to benefitsdecisions by the client?

• Hiring the spouse: When is it effective?• Disability benefits • Going on Social Security: advantages and disadvantages at ages

62, 66, and 70 • Coordinating benefits: should you take Social Security first and

higher-balance IRA distributions later, or take IRA balance first and enhanced Social Security benefits later?

• Pensions: Distribution strategies; how to use the minimum distribution rules in concert with Social Security benefits

• IRAs: Is it time to convert to a Roth?• Medicare and Part D prescription drugs: what the retiree needs

to know

Learning Objectives:• Identify who is entitled to retirement benefits and in what amounts• Be aware of what factors must be considered in determining

when to take benefits• Understand the taxation of Social Security benefits and how this

impacts other income tax planning• Be aware of Medicare and prescription drugs

Designed For: Practitioners who have baby boomer clients with significant wages or earned incomeLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

Available in a 4-hour version. See SSR4 on page T-20.

Taxation

ActssUrgent mccoY's AdvAnced criticAL tAx issUes For s corPorAtions

What impact do the higher individual tax rates have on pass-throughentities such as S corporations? This course goes beyond the basics and addresses important practical issues that an experiencedpractitioner must know. Even if you have attended other S corporationcourses, you will learn something new in this course.

Major Topics:• Cases, rulings, and tax law changes affecting S corporations • Compensation planning in S corporations, including limitations in

a family-controlled business; self-employment tax issues • Use of redemptions: still some advantages• Planning for the liquidation of an S corporation • Tax issues for family ownership of S corporation stock• Impact of the new tax on net investment income on sales of

S corporation stock • Stock basis: Loss limitations, AAA, and distribution issues in depth• Debt basis: what the new regulations on back-to-back loans mean

to investors• Estate planning for S corporation shareholders, including buy-sell

agreements, QSubs, ESBTs, and uses of life insurance• Built-in gains: a tax holiday, but the clock is running• S corporation structuring: one class of stock• Methods of accounting

Learning Objectives:• Understand how stock basis, AAA, and other limitations

are determined• Appreciate how corporation planning can be used in an

S corporation to change the effects of the one-class-of-stock rule• Understand what S corporation issues are being debated with the

Service, settled in courts, and guided by administrative decisions

Designed For: All practitioners and controllers who have attended a basic S corporation course and want to understand more complexissues and their practical implicationsLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: A basic course in S corporations; some experience inadvising S corporations and their shareholders

ActLsUrgent mccoY's AdvAnced criticAL tAx issUes For Limited LiABiLitY comPAnies And PArtnershiPs

What impact do the higher individual tax rates have on pass-throughentities such as partnerships? The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and partnerships in light of the changes in the income tax.

Major Topics:• Single-member limited liability companies as an alternative to

subsidiaries• Cancellation of indebtedness: new rules and regulations• How the IRS views members or partners for Social Security

purposes• Special problems when forming an LLC• Debt issues and problems in structuring LLCs and LLPs, including

loan guarantee issues, recourse and nonrecourse debt, and the at-risk basis rules

• Distributions: is it just a disguised sale?• Death or retirement of a member or partner – Understanding the

alternatives • Step-up in basis issues – How to make computations and elections• Property transactions between the LLC/LLP and its members or

partners – Inbound and outbound transactions: what to do withbuilt-in gain or loss property

• Partnership losses: when are they deductible?• New material participation rules for LLC members and limited

partners: how it affects passive loss issues• Continuation and termination of an LLC/partnership in the context

of a merger or acquisition• Sales of an LLC Interest – holding period, and hot asset issues• Impact of the new tax on investment income on the sale of an

interest in a partnership or LLC

Learning Objectives:• Identify the tax and non-tax advantages and disadvantages of

LLCs and partnerships• Describe how inside and outside basis is affected by liabilities,

recourse and nonrecourse• Discuss the impact of cash and property distributions• Explain the tax consequences of a sale of an interest and

distinguish them from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership

Designed For: CPAs with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planningstrategiesLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: A basic course in LLCs/partnerships or equivalent knowledge and experience

T-27

Taxation

T-28

strisUrgent mccoY's AdvAnced individUAL income tAx retUrn issUes

Most CPAs have been preparing individual income tax returns foryears, and while many of the returns are easy, there are always anumber of issues that come up in busy season of which experiencedpractitioners wish they had more knowledge. This course is designedto explore the tough tax issues for experienced practitioners and helpthem provide better planning strategies and results for their higher income clients.

Major Topics:• Installment sales – understanding the complicated issues • Puts, calls, straddling, and unusual investments – understanding

the tax laws and reporting them correctly on the tax return• Capital gain and loss issues – the problem with proper reporting

of installment sales issues; capital gains and losses; when is astock worthless

• At-risk rules: what a return preparer really needs to know • Passive loss issues – you can't just trust your software. What to

watch out for, and the questions you need your clients to answer in order to do it right!

• Incentive and nonqualified stock options – reporting; key strategiesfor planning; dealing with the alternative minimum tax

• Alternative minimum tax – understanding it; planning strategies toavoid it; using the minimum tax credit; explaining it to a client

Learning Objectives:• Understand how to properly report advanced transactions in

financial instruments and investments • Understand the special problems and new issues for the

current return • Identify the causes of alternative minimum tax liability and what

can be done to reduce or eliminate it

Designed For: Experienced CPAs who want and need an in-depthknowledge of the most difficult individual-income-tax-return issuesLevel of Knowledge: AdvancedCPE Credits: 8, TaxesPrerequisite: Extensive experience in preparation of individual income tax returns

tdAPsUrgent mccoY's comPrehensivegUide to tAx dePreciAtion, AmortizAtion, And ProPertY trAnsActions From AcqUisition to exchAnge or disPosition

Seemingly every year, economic stimulus packages drastically change depreciation rules. The purpose of this course is to provide an updated in-depth analysis of the complex maze of rules dealing with depreciation,amortization, and sale of property, with an emphasis on identifying special planning opportunities and pitfalls. This great reference manual is written in a very practical format and contains many examples and cases to illustrate the most important points CPAs need to be aware of.

Major Topics:• Complete coverage of the tax acts of 2012 and any new legislation

enacted before presentation• New regulations on capitalization of tangible assets and procedures

for automatic changes in accounting method associated with the new depreciation rules

• Detailed coverage of §179 expense election and how to maximize itsuse; when to use it; what property qualifies?

• Correctly depreciating purchases and trade-ins of business vehicles• Additional first-year depreciation and the luxury auto limitations – how

much depreciation is taken in the second year of ownership?• Accounting for a change in use• Understanding §197 amortization issues; how to handle software

and other intangible asset costs• AMT depreciation adjustments and how to avoid them• Sale of property and the depreciation recapture rules (§§1245, 1250,

unrecognized §1250 gain for real estate, §291); goodwill write-offs need to be recaptured too!

• Advanced depreciation issues, tax-deferred exchanges, personal prop-erty converted to business property, & overview of home sale exclusion

• Complete guide for compliance and planning issues from Pre-ACRS,ACRS, MACRS, and Disaster Zone depreciation and amortization rules

• Landmark cases and rulings involving depreciation and amortization issues and how they impact clients, along with the most useful planning opportunities, and much more

Learning Objectives:• Understand which assets are subject to depreciation• Answer advanced §179 depreciation questions• Fully understand depreciation and MACRS cost recovery• Answer advanced automobile depreciation questions• Understand 100% and 50% additional first-year depreciation • Understand installment sales and reacquisitions

Designed For: CPAs in industry and public accounting who need a thorough grasp of this important area of tax law and who want to maximize the possible tax savings for their clientsLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Basic knowledge of tax issues for property transactions

Taxation

hmBisUrgent mccoY's hAndBook For mAstering BAsis, distriBUtions,And Loss LimitAtion issUes For s corPorAtions, LLcs, And PArtnershiPs

The most difficult concepts to master when dealing with flow-throughbusiness entities are the basis and distribution concepts. Major errorand malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on thepractical applications of these rules.

Major Topics:• Applicable coverage of the tax acts of 2012 and any new legislation • S Corporations:

– Beware of recent Final IRS Regulations regarding “Open Debt”– Determine how to calculate basis. Worksheets are included. – Understand the effect of stock basis and debt basis and IRS’s

recent focus on ‘at-risk basis’ for shareholders – Recognize how AAA applies or doesn’t apply to S corporations – Learn to apply the complex basis ordering rules and special

elections that can have a big tax result – Discuss loss limitation rules in depth – When you can have a taxable dividend in an S corporation – Understand distributions of cash and property– Understand the post-termination transition rules, which will be

of great importance if (when) future tax changes bring the return of the C corporation

• LLCs and Partnerships: – Learn the detailed rules of §704 for preventing the shifting of

tax consequences among partners or members– Determine how to calculate basis under both §704 and for

“at-risk” under §465– Recognize how recourse, nonrecourse, and qualified

nonrecourse debt can create significantly different tax results – Learn the difference between basis and “at-risk basis” – Review §754 step-up in basis rules – The economic effect equivalence test or “dumb-but-lucky” rule – Learn to apply the complex rules of distribution of cash vs.

property and the planning strategies – Find out how “hot assets” can change the game for distributions

Learning Objectives:• Determine initial basis and organizing tax-free under §351 and §721• Understand what affects basis and how to treat distributions• Pass the four loss limitation hurdles to deduct losses

Designed For: CPAs who prepare both individual and flow-throughbusiness entity tax returns and need a thorough grasp of these significant issues. This course is a must for practitioners to help reduce and avoid this exposure to malpractice.Level of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Experience in business taxation

Available in a 4-hour version. See HMB4 on page T-19.

sAtcsUrgent mccoY's FederAL tAx cAmP

Both business and individual clients will be affected by all of the taxchanges set to occur in 2013, requiring that the tax advisor practiceextensive tax planning. Not only will you be updated on the most important tax issues that require your attention, but this course willalso review the major trends and changes in the case and regulatorylaw. Included is full coverage of all tax changes together with continuing coverage of health care and estate and gift tax reform.

Major Topics:• How the changes in tax rates affect tax planning for individuals

and businesses• New tax on net investment income: planning to avoid the pitfalls• Retirement plans: the best planning strategy?• Capital gains: what tax rates apply?• Historic low interest rates – tax strategies clients should

consider – how long will they remain low?• How health care reform impacts income tax planning now and

in later years• Estate planning: current strategies• Does the gift tax exclusion promote income shifting?• Travel and entertainment: overlooked and overused?• Substantiation: the Service’s attack on record-keeping• Other late-breaking tax law changes• Practice aids, including the 2013 inflation-adjusted amounts,

mileage rates, and more• Recent developments with business entities, including

C corporations, S corporations, partnerships, and limited liability companies

• Review of the year’s most important tax cases, revenue rulings,PLRs, etc.

Learning Objectives:• Understand strategies and techniques to use in light of tax rates• Understand what pass-throughs can do in light of health care

and tax rates• Understand current cases and rulings affecting individuals and

businesses

Designed For: CPAs who need to know the latest tax law changes in all areas of practiceLevel of Knowledge: UpdateCPE Credits: 8, TaxesPrerequisite: Experience with individual and business clients

T-29

Taxation

T-30

LLPWsUrgent mccoY's Limited LiABiLitY comPAnY And PArtnershiP tAx retUrn PrePArAtion WorkshoP

This course provides accountants with an introduction to and an understanding of tax return preparation issues for limited liability companies and partnerships, with an emphasis on the preparation of Form 1065 and Schedule K-1 including an 8-step process to accurately complete Form 1065 and related sub-schedules. Participants will be able to gain a thorough understanding of federal income tax laws for LLCs and partnerships, including basiscalculations and their importance.

Major Topics:• With chapters dedicated to major preparation issues, a step-by-step

preparation of a reasonably complicated Form 1065 is performed • Complete coverage of the tax acts of 2012 and any new legislation

enacted before presentation• Overview of Subchapter K and federal tax classification elections• Permitted tax years for LLCs and new procedures to adopt, retain,

or change to a fiscal year end without sanctions• Basics of capital accounts: tracking book-tax differences and the

accounting relation to allocation issues• Basics of formation issues including precontribution appreciated

assets• Treatment of recourse vs. non-recourse debt basis• Proper handling of depreciation expense and §179 elections• Basics of “substantial economic effect” and special allocations• Preparation and interpretation of Schedule K-1 so that each

owner’s basis can be calculated properly• Proper handling of fringe benefits such as member health

insurance on Form 1065• Latest IRS guidance on self-employment tax for limited liability

company owners• Partnership distributions – current or liquidating, cash or property• The interpretation of the K-1, and how information flows through

to the owners returns• Other developing issues and hot topics

Learning Objectives:• Prepare a basic Form 1065• Understand the proper treatment of trial balance entries into

Form 1065• Understand the basic concepts of partnership taxation

Designed For: Practitioners who need a basic understanding of LLC and partnership tax issues and the preparation of LLC and partnership federal tax returnsLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

mstUsUrgent mccoY's mULtistAte tAx UPdAte

You can't afford to ignore recent changes in state and local tax. Eventax-savvy businesses and their advisers often neglect to consider theconsequences of state and local taxes. Multistate taxation has becomemore complex and demanding than ever before. In addition to havingtheir own unique tax laws, states have been more focused on enforce-ment. Plan to attend this fast-paced class that covers developing topicsin state taxation, ranging from individuals to pass-through entities tocorporate taxpayers. This class will focus on issues confronting smalland middle-market companies and offer practical guidance for minimiz-ing tax liability and negotiating the treacherous waters of compliance.

Major Topics:• The domicile dilemma

– Issues for individuals with homes in multiple states– Traveling employees– Where to withhold?

• Emerging sales tax topics– Internet sellers and the Amazon rule– Attributional nexus – Taxation in the “cloud”

• Unclaimed property – What is it, and should I be worried about it?• Navigating nexus

– Economic nexus (taxation without physical presence)– Attributional and agency nexus– Presence of intangible property– Is P.L. 86-272 still valid?

• Income tax issues– Moving away from the federal income tax base– Combined filing: opportunities or problems?– Apportionment: (i) Single sales factor is becoming more

prevalent; (ii) Determining the type of property being sold; (iii) Sourcing of income from intangible property and services;and (iv) In-depth discussion of market-based sourcing (cost of benefit) vs. cost of performance sourcing

• Pass-through problems– Nexus issues for interest owners– Withholding issues– Sourcing of income– Taxation at the entity level

• Practical considerations in dealing with multistate taxation– Dealing with state nexus questionnaires– Responsibility of officers, members, partners, and shareholders– Planning ideas and opportunities

• Updates on impending federal leglislation relative to state tax issues– Taxation of remote sellers– Business activity simplification– Nexus from employees working in another state

Learning Objectives:• Understand changes in state statutes, regulations and case law• Identify areas that may require additional attention for state tax

planning purposes• Identify areas that may be costly for employers or clients

Designed For: Accountants who want an update on current multistatetax issues to minimize clients’ potential state and local tax liabilityLevel of Knowledge: Update

CPE Credits: 8, TaxesPrerequisite: Experience in corporate taxation

Taxation

LP10sUrgent mccoY's toP 10 tAx issUes in deALing With LLcs And PArtnershiPs

Partnerships and LLCs involve unique problems that require carefulattention. This course covers selected critical tax issues that practitioners need to know when working with partnerships and limited liability companies, with a focus on planning opportunities and pitfalls.

Major Topics:• Self-employment tax issues: what you can and cannot do• Determining basis: key issues and technical analysis in

calculating basis• Capital accounts: book vs. tax issues• Passive losses: keeping track of suspensions; new definitions for

material participation• Special allocations: flexibility and complexity• Dealing with debt: recourse, nonrecourse, qualified nonrecourse,

and why it matters• Retirement plan issues: planning options• Distributions: cash and property, liquidations vs. operations• Guaranteed payments, distributive shares, and draws:

understanding the difference• Basis step-ups: the basic issues• Hot assets: beware of this complicated tax issue

Learning Objectives:• Identify and distinguish guaranteed payments, distributive shares,

draws, and other current and liquidating distributions of cash or property

• Understand the relationship between capital account maintenanceand outside basis adjustment

• Define various kinds of partnership liabilities and explain the taxconsequences of each

Designed For: CPAs who wish to gain a more in-depth understanding of LLC and partnership tax lawLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: A basic course in partnership theory or experience in tax compliance or planning for partnerships and LLCs

BtBBthe toP 50 BUsiness tAx mistAkes PrActitioners mAke And hoW toFix them

Learn the traps practitioners fall into – before you make the mistake. Attend this enjoyable yet very informative course that will explore, in apractical way, the top errors made in compliance and tax planning forbusiness entities. The focus of this course is how to avoid these missteps and plan for a better tax result. Experienced practitioners willbenefit from a wealth of knowledge that can be applied to their practice.

Major Topics:• Delve into the unique pitfalls inherent in using any entity structure in

operating a business, including:– S Corporations: lack of basis and failure to structure debt

correctly; creating a surprise tax liability on formation; big mistakes if you do not plan correctly in a liquidation; what is reasonable compensation to shareholder employees; distributions and unwanted tax liabilities; failure to make proportionate contributions and distributions; and much more!

– LLCs and partnerships: when you can’t take wages; good taxdebt vs. bad tax debt; knowing how to read an operating agreement; understanding the effect of special allocations; failure to recognize taxation on service partners; and breakdownin distinguishing between a draw and a guaranteed payment;

– C Corporations: why small business owners should consider taking dividends; what is unreasonable compensation and is it important today; knowing when to hold onto the C Corporationentity (now might be the time) and knowing when to switch; getting hit with double taxation; and much more!

• Discover the tricks and traps in:– Travel and entertainment: the IRS has won battles denying tax

deductions in this arena. It takes planning and skillful documenta-tion to win. See the big mistakes and what it takes to fix them.

– Dealing with the IRS: techniques to handle an audit, what to do, and what not to do!

– Buying and selling a business: tax allocation of the purchaseprice from both the buyer’s and seller’s viewpoint, installmentsales, and financing.

– Related party transactions: explore business issues and the significant tax problems that can occur with failure to recognize a related party transaction.

• Miscellaneous topics: a host of other important issues.

Learning Objectives:• Recognize business transactions that have significant tax effects

and the need to do proper tax planning. • Be aware of the most substantial mistakes that practitioners can

make in dealing with the tax aspects of businesses.

Designed For: CPAs who wish to get a broader insight into tax planning by understanding the significant mistakes professionals can make and how to avoid themLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Experience with business clients

Available in a 4-hour version. See BTP4 on page T-22.T-31

Taxation

T-32

nLePWhAt YoU need to do noW in estAte PLAnning Under the neW tAx LAW

While the increased exemption amounts have increased and tax rates have declined, many clients have deferred estate planning untilthe tax environment had sufficient stability to permit consideration oflong-range estate planning. For this reason, practitioners need toreacquaint themselves with the tools and techniques employed insound estate planning and identify clients that need to know they mayrequire these services. With a now stable tax environment, 2013 is the year for practitioners to meet with clients to explore their optionsand implement them. Don’t risk your clients’ financial future!

Major Topics:• A complete analysis of legislation with an eye towards planning

issues and pitfalls to avoid • Good news: no clawback• Clients’ wills – revisions are needed• Reinstatement of the old rates and exclusion levels – more clients

need estate planning• Structuring gifts in the new environment – choosing tactics• What estate planners should do or undo in a troubled economy • Which discounts are still available? • How changes in the income tax rates affect trusts• Making successful beneficiary designations of qualified plans

and IRAs• Charitable lead and remainder trusts – still an effective tool• Winners and losers in various estate planning strategies • … and much more!

Learning Objectives:• Understand all of the new tax law changes in the estate area• Be able to recognize which planning strategies should now

be considered• Understand what revisions might be needed in clients’ wills

Designed For: CPAs who want to understand the latest tax lawchanges and the effects they will have on their clientsLevel of Knowledge: UpdateCPE Credits: 8, TaxesPrerequisite: Significant knowledge in estate or gift tax planning; attendance at basic estate planning and preparation courses

Available in a 4-hour version. See NLE4 on page T-12.

inBBthe toP 50 mistAkes PrActitioners mAke And hoW to Fix them: individUAL tAx And FinAnciAL PLAnning

This course focuses on the “law” in order to break down 50 situations in which a taxpayer has attempted to push one of these plans or ideas.The study of the law underlying the tax mistakes made will assist practitioners in satisfying their professional standards of practice and will help you do the Form 1040 faster and with fewer mistakes.

Major Topics:• Complete coverage of the tax acts of 2012 and any new

legislation enacted before presentation • Individual Income Tax• New Form 1098-MA; Mortgage Assistance payments• New special tax treatment for corrosive drywall losses • Itemized deduction for donating a house to fire department • Can mortgage payments and life insurance premiums be

deductible alimony? Yes!• Not all forgiven principal residence debt is excludable• Passive income and the self-charged rent rules• Grouping activities as a single unit• New Form 8938 for reporting foreign financial assets and updated

rules. How much trouble results in not filing a TD F 90-22.1 Form?• Meal allowances for police or fire workers on 24-hour shifts• When is bad debt really bad and a worthless security worthless?• Estimated taxes, the big penalties, and planning• S shareholder loans – substance and form both matter • Financial Planning:

– Ignoring the future of Social Security – Miscues in rollovers & retirement plan distributions, including cases– The bad, the good, and the ugly of early retirement SEPPs – Making a tax-free annuity exchange taxable– Self-directed IRA miscue eliminates bankruptcy exemption

• Things professionals do not like to hear!– Do your clients (inadvertently) misclassify employees as

independent contractors?– Considerations when taxpayers split– The best ways to make the IRS preferred customer list– New Revenue Procedures regarding streamlined installment

agreements; avoiding both preparer and accuracy-related penal-ties; and due diligence requirements to avoid penalties in EITC

Learning Objectives:• Achieve significant insight into the major mistakes that can be made

in individual tax and financial planning• Develop strategies that will assist in not only avoiding mistakes but

also in providing the best advice to your clients

Designed For: CPAs who wish to get a deeper insight into the tax lawfor some common client transactions that many offices have seenLevel of Knowledge: IntermediateCPE Credits: 8, TaxesPrerequisite: Basic knowledge of individual income taxation

Available in a 4-hour version. See INB4 on page T-16.

Industry

Cou

rse Descrip

tions


Accounting and Reporting for Not-for-Profits: Avoiding the Headaches and Heartaches ........................ARN4.............I-1

Accounting and Reporting for Not-for-Profits: Avoiding the Timekillers and Painkillers ...........................NPA4 .............I-1

Accounting and Reporting for Not-for-Profits: Issues and Answers .........................................................ARNP ............I-2

Annual FASB Update and Review............................................................................................................FUR4.............I-2

CFO/Controller’s Roadmap to Organization Success With Integrated Planning,

Forecasting, and Budgeting ................................................................................................................PLFB .............I-3

The Complete Guide to Payroll Taxes and 1099 Issues...........................................................................CGPT ............I-3

Construction Contractors: Critical Accounting, Auditing, and Tax Issues in Today’s Environment ...........CONS............I-4

Controller/CFO Update: Hot Topics Facing Today’s Financial Professional.............................................TCF4 .............I-4


How to Prevent and Detect Illegal Acts by Employees and Third Parties ...........................................CAM4 ............I-5

Critical Internal Control Concepts Under the Updated Internal Control Framework.................................UIC4 ..............I-5

Current Developments and Best Practices for Today’s CFOs and Controllers ........................................TCFO ............I-6

Exploring the Updated Internal Control Framework: Critical Concepts in

Design, Evaluation, Implementation, and Monitoring ..........................................................................UICF..............I-6

Fair Value Accounting: Guidance for Practitioners and CPAs in Business and Industry ..........................FAI4...............I-7

Fair Value Accounting: Making the Complex Issues Understandable ......................................................FAIR ..............I-7

FASB Annual Update and Review: Critical Developments for All CPAs...................................................FAUR.............I-8

Financial Reporting Fraud: The Top 25 Tips on How to Prevent and Detect

Executives and Managers from Manipulating Financial Statements...................................................MFS4.............I-8

Forensic Accounting: A Comprehensive Guide to Conducting Financial Fraud Investigations ................FOAC ............I-9

Forensic Accounting: Critical Phases of an Effective Fraud Investigation................................................FOA4.............I-9

Fraud and Financial Reporting: Don’t Be the Next Victim ........................................................................FFR4 .............I-10

Fraud: Catching the Crooks Who Cook the Books...................................................................................CCCB............I-10

From Hiring to Firing and Everything In Between: Legal, Tax, and Health Care Issues...........................HTOF ............I-11

Gaining a Competitive Advantage: Critical Skills for CFOs and Controllers.............................................GCA4 ............I-11


Industry

Table of Contents


IFRS for Nonissuers: What in the World Is Happening? ..........................................................................ISB4 ..............I-12

IFRS for Smaller Entities vs. U.S. GAAP: A Study in How the Financial

Statements Look and Feel Different ....................................................................................................ISBG..............I-12

Innovative Forecasting and Budgeting: Moving Beyond the Traditional Techniques ...............................IFB4...............I-13

MBA in a Day!...........................................................................................................................................MBAD............I-13

Occupational Fraud: The Top 50 Tips on How to Prevent Executives, Managers, and

Employees from Stealing and Not Getting Caught..............................................................................OCFR............I-14

Protecting You and Your Company from Corruption and Misappropriation Schemes ..............................CMS4 ............I-14

Real-World Fraud: War Stories from the Front Lines ...............................................................................RWFR ...........I-15

Revenue Recognition: A New Day is Dawning.........................................................................................RERE ............I-15

The Statement of Cash Flows: Preparation Guidance and Presentation Illustrations..............................FLO4 .............I-16

Thriving in a Chaotic Economic Environment: Planning and Strategy

Formulation for Your Organization.......................................................................................................TDE4 .............I-16

Industry


Industry

I-1

ARN4 ACCOUNTING AND REPORTING FOR NOT-FOR-PROFITS: AVOIDING THEHEADACHES AND HEARTACHES

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your not-for-profit accounting and reporting skills. Obtain an in-depth understanding of the key requirements and how they are applied. The course materials utilize a highly illustrative format to increase concept comprehension and retention.


cash flows• Distinguishing contributions from exchange transactions• Distinguishing between conditional and unconditional promises

to give – discerning conditions from restrictions• Disclosure considerations• Issues related to contributed services






Available in an 8-hour version. See ARNP on page I-2.

NPA4ACCOUNTING AND REPORTING FORNOT-FOR-PROFITS: AVOIDING THETIMEKILLERS AND PAINKILLERS

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your skills in some of the more time-consuming and difficult aspects of not-for-profit accounting and reporting. Obtain an in-depthunderstanding of key requirements and how they are applied. Thecourse materials utilize a highly illustrative format to increase conceptcomprehension and retention.

Major Topics:• Mergers and acquisitions• Fair value measurement issues related to unconditional promises

to give cash• Unrestricted, temporarily restricted, and permanently restricted


• Overview of split-interest agreements• Reporting the cost of special events and other fundraising activities• Classification of expenses related to more than one function• Disclosure considerations



requirements• More effectively audit not-for-profit entities through superior



Available in an 8-hour version. See ARNP on page I-2.

Industry

FUR4ANNUAL FASB UPDATE AND REVIEW

Designed for practitioners and their staff, whether in public accountingor business and industry, this course will provide you with an updateand review of FASB accounting and reporting developments. You’llfocus on recently issued Accounting Standards Updates and exposure drafts, analyzing guidance that has a major effect on all industries, including those covering revenue recognition and leases.Special attention is given to standard setters’ activities that affectsmall- and medium-sized entities. You’ll also be kept up to date on current FASB projects and ongoing FASB/IASB convergence activities.

Major Topics:• New and recent FASB Accounting Standards Updates• Revenue recognition and leases• Current FASB exposure drafts• FASB accounting and reporting project update• FASB/IASB international convergence activities

Learning Objectives:• Identify and review the latest FASB accounting and reporting


EDs/standards• Be aware of current FASB exposure drafts and agenda projects• Recognize FASB/IASB international convergence activities

Designed For: Practicing CPAs and their staffs, both in public accounting and business and industry – controllers, accountants, and other financial accounting personnel involved in financial statement preparation and reviewLevel of Knowledge: IntermediateCPE Credits: 4, AccountingPrerequisite: Experience in financial accounting and reporting

Available in an 8-hour version. See FAUR on page I-8.

I-2

ARNP ACCOUNTING AND REPORTING FOR NOT-FOR-PROFITS: ISSUES AND ANSWERS

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your not-for-profit accounting and reporting skills. Obtain an in-depth understanding of key requirements and how they are applied. The course materials utilize a highly illustrative format to increase concept comprehension and retention.


cash flows• Mergers and acquisitions• Distinguishing contributions from exchange transactions• Distinguishing between conditional and unconditional promises to

give – discerning conditions from restrictions• Issues related to contributed services• Fair value measurement issues related to unconditional promises

to give cash• Overview of split-interest agreements• Unrestricted, temporarily restricted, and permanently restricted


• Reporting the cost of special events and other fundraising activities• Classification of expenses related to more than one function• Selected audit issues• Disclosure considerations






Available in two 4-hour versions. See ARN4 and NPA4 on page I-1.

Industry

PLFBCFO/CONTROLLER’S ROADMAP TO ORGANIZATION SUCCESS WITH INTEGRATED PLANNING, FORECASTING, AND BUDGETING

Many organizations spend huge amounts of money and effort at planning, forecasting, and budgeting and all too often the three disciplines are separated and not connected throughout the company.It appears that people who are doing the strategic planning aren’t talk-ing with the people who are doing the budgeting or forecasting. Also,there is a lack of uniform accountability throughout the organization.

This program is designed to completely integrate the planning processand show how it can move from long-range thinking, through medium-term planning, through the annual budget, and to the monthly cash-flow forecast. Also, the program will teach the participant how to avoidmany political pitfalls that end up causing a lack of accountability andoften cause the planning process to be demotivating to the staff.

This isn’t just a strategic planning course or a budgeting course. It is a course that looks at the entire planning process from beginning toend and shows how much smoother it can be when it is an integratedprocess. While it is a technical course discussing many of the technical tricks and tips for producing a good plan, it is also a manage-ment course in that it will discuss the political aspects of planning.

Major Topics:• Differences between planning and budgeting• The business model• Strategic plan, marketing plan, and technology plan• Financial forecasting and financial risk analysis• Five-year operating plan and the sales/income plan• Intermediate planning and capital equipment planning• One-year operating plan and monthly planning• Cash plan and risk plan

Learning Objectives:• Implement an integrated approach to planning, budgeting and fore-

casting for a more uniform process throughout the organization• Avoid the political pitfalls that often come with the planning process• Maximize the usefulness of the different plans developed for the

organization• Identify the differences between strategic and incremental planning• Perform a financial risk analysis• Perform an EVA analysis (PV, ROI and Modified ROI)

Designed For: CFOs, controllers, and finance professionals Level of Knowledge: IntermediateCPE Credits: 8, FinancePrerequisite: Experience in financial management of a small or midsize company

Available in two 4-hour versions. See IFB4 on page I-13and TDE4 on page I-16.

I-3

CGPT THE COMPLETE GUIDE TO PAYROLL TAXES AND 1099 ISSUES

Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasingburden for the average business, and IRS penalties for noncompliancehave risen dramatically in recent years. They have also been subjectto employer incentives. The Service has announced that uncoveringnoncompliance by employers ranks high on its audit list. This coursepresents a comprehensive overview of federal payroll taxes, Form1099, and related compliance issues.

Major Topics:• Payroll tax requirements for wages, including wages subject to

the new .9 percent tax, employee benefits and reimbursements,nonqualified deferred compensation, stock options, and tips

• Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates

• Special issues – Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding

• Statutory employees, independent contractors, and possible changes to §530 relief

• Penalties – Who is a responsible person? • Moving expenses and gross-up calculations• Form 941 issues and problems, such as disability benefits, tip

income, and deceased employees• Pension issues and payroll taxes including SIMPLE plans, and

§401(k) and pension distributions• The Electronic Federal Tax Payment System (EFTPS) • Forms I-9, W-9, W-2, 1099, SS-8, and Form 940

Learning Objectives:• Distinguish an employee from an independent contractor and

understand the relief available to employees who misclassify• Understand how to complete Forms W-2, 1099-MISC, 1099-R,

and SS-8• Comply with the quarterly and annual reporting for employment

tax deposits

Designed For: CPAs in public accounting and industry with responsibility for payroll tax complianceLevel of Knowledge: BasicCPE Credits: 8, TaxesPrerequisite: None

Industry

I-4

TCF4CONTROLLER/CFO UPDATE: HOT TOPICS FACING TODAY’S FINANCIALPROFESSIONAL

In today’s rapidly changing world, finance professionals are required to wear many hats and are often the keys to the success of the organization. On one hand, they need to be abreast of the latestproven financial skills for making the best decisions, and on the otherhand they need the best skills to motivate, manage, and lead people.Being pigeon-holed into one area or another is neither good for careerbuilding nor for the good of the organization. We’ll cover the latest issues that all CFOs and controllers need to know about and providehow-to guidance to allow for immediate use in their organizations.

Major Topics:• Economic update• Managing for productivity• Metrics and benchmarking• Social media and the cloud• Negotiation skills for finance professionals

Learning Objectives:• Understand the current issues and latest trends impacting CFOs,

controllers and finance professionals• Understand how domestic and global economic conditions could

impact the organization

Designed For: CFOs, controllers, and finance professionals Level of Knowledge: UpdateCPE Credits: 4, FinancePrerequisite: Experience in financial management of a small or midsize company

Available in an 8-hour version. See TCFO on page I-6.

CONSCONSTRUCTION CONTRACTORS:CRITICAL ACCOUNTING, AUDITING,AND TAX ISSUES IN TODAY’S ENVIRONMENT

Accounting and financial reporting for construction contractors may bethe most difficult area to be in compliance with the various standards.Also, construction engagements are, in many instances, more "dangerous" than most lines of businesses due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex, anddiscuss the relationship between the contractor and the surety, bothfrom an underwriting and claims perspective. We will also explorewhat the surety looks for in order to maximize potential bond credit,and we will discuss key areas of tax compliance concentrating onthose areas which make construction unique.

Major Topics:• Overall landscape of the construction industry• GAAP and recent changes affecting the construction industry• The FASB Revenue Project and its potential impact on the

surety industry• Unique audit and review issues with construction contractors• The unique relationship between the contractor and the surety• Tax compliance issues facing construction contractors• Going concern disclosures and their importance to the

construction industry

Learning Objectives:• Apply accounting and financial reporting standards to construction

contractors• Perform audit and review engagements for construction clients

according to the Standards as efficiently and effectively as possible• Identify tax compliance issues unique to the construction industry

and apply the latest changes

Designed For: Practitioners who have construction clients and professionals in the construction industry who need to be up-to-dateon the latest informationLevel of Knowledge: IntermediateCPE Credits: 8, Accounting (3), Auditing (3), Taxes (2)Prerequisite: Previous experience in the construction industry or in providing service to construction clients

Industry

I-5

UIC4CRITICAL INTERNAL CONTROL CONCEPTS UNDER THE UPDATED INTERNAL CONTROL FRAMEWORK

All successful entities, regardless of nature, size, and complexity, musthave a well-designed and effectively operating system of internal controls over reliable financial reporting, in addition to managing otherrisks. This course will provide practical guidance on exactly what asound system of internal controls "looks like" and the resulting impacton the financial statement audit, particularly for smaller entities. In addition, we will explore COSO’s recent updates to the original 1992Integrated Framework to better manage the unique and challengingrisks of today’s entities.


recently issued COSO guidance• Key components of internal control per the COSO Integrated

Framework, and the important role each plays in the design and operating effectiveness of internal control over reliable financial reporting

• Evaluating design and implementation of an entity’s design on internal controls, including impact on assessment of risk of material misstatement in a financial statement audit

• Testing controls for operating effectiveness, including determiningsufficiency and appropriateness of the nature, timing, and extent of control testing procedures

• Special considerations related to the use of outside service organizations

• Evaluating and communicating identified deficiencies in internalcontrols


"key controls" in a "top-down" approach to evaluating the designand implementation of internal control over reliable financial reporting


• Explain the difference between a "material weakness" and a "significant deficiency" as it relates to internal control over reliable financial reporting

Designed For: Accountants both in public and private practice responsible for designing, evaluating and/or monitoring internal controls over financial reporting Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience with designing, evaluating or monitoring internal controls

Available in an 8-hour version. See UICF on page I-6.

CAM4CORRUPTION AND ASSET MISAPPROPRIATION SCHEMES: THETOP 25 TIPS ON HOW TO PREVENTAND DETECT ILLEGAL ACTS BY EMPLOYEES AND THIRD PARTIES

So many managers and auditors implement controls to prevent anddetect corruption and asset misappropriation schemes based upon a“one-size fits all” checklist. Oftentimes, many of the checklist items arenot appropriate to a variety of small, medium, and large businesses or are out-of-date. This course will provide you with a description ofclassic and emerging controls that are effective in reducing the risk of fraud in several types of transaction processing systems. Thesesystems could be manual, a hybrid manual/IT, or even entirely electronic (such as have been proposed for some cloud computing applications). Also, a new model to help managers, accountants, andauditors prevent and detect fraud is presented. This model is designedto encourage those responsible for fraud detection and preventionsystems to consider certain fraud related variables in addition to thosecontained in the traditional fraud triangle (pressure, opportunity, andrationalization).

Major Topics:• Who typically commits corruption and asset misappropriation

schemes• Why control activities controls alone are not sufficient to prevent

and detect fraud in transaction processing systems• Why an understanding of a combined fraud prevention detection


• Is the presence of adequate segregation of duties indicative an effective control?

• Collusion with third-parties – a threat to entities of any size• Methods to minimize the amount of fraud losses• Mitigating controls to counter internal control weaknesses in

smaller entities

Learning Objectives:• Identify common red flags associated with various types or

corruption and asset misappropriation schemes• Design cost effective and strong controls for a variety of

transaction processing systems• Obtain an understanding of cost-effective controls to combat

corruption and misappropriation fraud.• Understand how classic and emerging controls can be used to

reduce the risk of corruption and misappropriation schemes

Designed For: Practicing CPAs and accounting professionals in government, business, and industry who wish to enhance their skills about preventing and detecting corruption and asset misappropriation schemes Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience in accounting and reporting

Available in an 8-hour version. See OCFR on page I-14.

Industry

I-6

TCFOCURRENT DEVELOPMENTS AND BEST PRACTICES FOR TODAY’S CFOs AND CONTROLLERS

In today’s rapidly changing world, finance professionals are required to wear many hats and are often the keys to the organization’s success. On one hand, they need to be abreast of the latest proven financial skills for making the best decisions, and on the other handthey need the best skills to motivate, manage, and lead people. Being pigeon-holed into one area or another is neither good for career building nor for the good of the organization.

This course has been designed to give the CFO and controller theskills needed to lead their organizations into the rapidly changingdecade. The course’s author has been in the trenches, having held positions in finance and senior management, and understands the issues from both perspectives. Another unique aspect of this course is its constant evolution. We know change is occurring at an exponential rate, so certain chapters dealing with current domesticand global economic conditions are included along with current technical issues on the cloud and social media. The course is updated annually and as necessary throughout the year to include the most recent developments.

Major Topics:• Economic update• Pricing and costing strategies• Expense control that works• Better credit decisions• Financial risk analysis• Enterprise risk management• Metrics and benchmarking• Use and misuse of derivatives• Improving bank relationships and cash management• Social media and the cloud• Negotiation skills for finance professionals

Learning Objectives:• Understand the current issues and latest trends impacting CFOs,

controllers and finance professionals• Understand how domestic and global economic conditions could

impact the organization• Lead the organization into the rapidly changing decade• Apply the latest tools and techniques for a positive impact on

the organization

Designed For: CFOs, controllers, and finance professionals Level of Knowledge: UpdateCPE Credits: 8, FinancePrerequisite: Experience in financial management of a small or midsize company

Available in two 4-hour versions. See TCF4 on page I-4 and GCA4 on page I-11.

UICFEXPLORING THE UPDATED INTERNALCONTROL FRAMEWORK: CRITICALCONCEPTS IN DESIGN, EVALUATION,IMPLEMENTATION, AND MONITORING

Technological advances, increased regulatory scrutiny, globalization,and other challenges have caused entities and auditors to strugglewith proper consideration of the cost-benefit of internal controls, recog-nizing that a well-designed system does not have to prevent or detectall internal control deficiencies – just the ones that matter most to theentity’s objectives. This course will provide practical guidance on whata sound system of internal controls "looks like" and the resulting impact on the financial statement audit, particularly for smaller entities.


recently issued COSO guidance• The evolution of internal controls theory and practice, including

emerging guidance specific to smaller entities• Key components of internal control per the COSO Integrated

Framework, and the role each plays in the design and operating effectiveness of internal control over reliable financial reporting

• Comparing and contrasting specific types of internal controls• The critical role of information technology (IT) controls in reliable

financial reporting, including both general and application controls• Gaining an understanding of an entity’s design of internal controls• Evaluating design & implementation of an entity’s design on internal

controls (& impact on assessment of risk of material misstatement)• Testing controls for operating effectiveness and determining the

appropriateness of the nature, timing, and extent of control testing• Evaluating the results of tests of controls, including the impact on

the nature, timing and extent of substantive audit procedures• Considerations related to the use of outside service organizations• Differentiating an external auditor’s responsibilities depending on

the professional standards being followed• Evaluating/communicating identified deficiencies in internal controls


"key controls" in a "top-down" approach to evaluating the design &implementation of internal control over reliable financial reporting


• Explain differences between "material weakness" and "significantdeficiency" regarding internal control over reliable financial reporting

Designed For: Accountants responsible for designing, evaluating,and/or monitoring internal controls over financial reportingLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience with designing, evaluating, or monitoring internal controls

Available in a 4-hour version. See UIC4 on page I-5.

Industry

FAI4FAIR VALUE ACCOUNTING: GUIDANCEFOR PRACTITIONERS AND CPAs INBUSINESS AND INDUSTRY

Fair value accounting continues to be one of the most complex andcontroversial areas of accounting today and its impact on the globaleconomy is well documented. The FASB also continues to strugglewith just how its guidance should be applied, as evidenced by the issuance thus far of several FASB Staff Positions and AccountingStandards Updates dealing with fair value issues. This course provides a review of fair value accounting in the context of FASB ASC 820, Fair Value Measurement, and other U.S. accounting standards. The course shows you how to measure the fair value ofspecific balance sheet assets and liabilities using examples and illustrations. The course also includes practical examples of applyingfair value measurements and disclosures under the authoritativeguidance provided in FASB ASC 820 and other U.S. accounting standards.

Major Topics:• FASB ASC 820, Fair Value Measurement• Valuation techniques used to measure fair value• The market approach• The income approach• The cost approach• The fair value hierarchy• Fair value disclosures• The fair value option

Learning Objectives:• Define “fair value” and other key terminology applicable to fair

value accounting• Identify and apply valuation techniques consistent with the market

approach, the income approach, and the cost approach used tomeasure fair value


• Review the expanded fair value disclosure requirements in FASBASC 820


• Apply the concepts of fair value accounting through practical examples


Designed For: Practicing CPAs and accounting professionals in business and industry that prepare or review financial statementsLevel of Knowledge: IntermediateCPE Credits: 4, AccountingPrerequisite: Basic understanding of accounting principles

Available in an 8-hour version. See FAIR on the right.

I-7

FAIRFAIR VALUE ACCOUNTING: MAKING THECOMPLEX ISSUES UNDERSTANDABLE

Fair value accounting continues to be one of the most complex and controversial areas of accounting today and its impact on the global economy is well documented. The FASB also continues to strugglewith just how its guidance should be applied, as evidenced by the issuance thus far of several FASB Staff Positions and Accounting Standards Updates dealing with fair value issues. This course provides a comprehensive review of fair value accounting in the context of FASB ASC 820, Fair Value Measurement, and other U.S. accountingstandards. The course shows you how to measure the fair value of specific balance sheet assets and liabilities using examples, illustrations,and brief exercises. The course also includes practical examples andcomprehensive case study reviews of applying fair value measurementsand disclosures under the authoritative guidance provided in FASB ASC 820 and other U.S. accounting standards.

Major Topics:• FASB ASC 820, Fair Value Measurement• Valuation techniques used to measure fair value• The market approach• The income approach• The cost approach• The fair value hierarchy, fair value disclosures, and fair value option• Auditing fair value measurements• Practical application of fair value accounting concepts using

case studies

Learning Objectives:• Define “fair value” and review introductory concepts applicable to

fair value accounting• Identify and apply valuation techniques consistent with the market

approach, the income approach, and the cost approach used to measure fair value


• Examine the expanded fair value disclosure requirements in FASB ASC 820


• Review the basics involved in auditing fair value measurements and disclosures

• Apply the concepts of fair value accounting through examples and case studies


Designed For: Practicing CPAs and accounting professionals in business and industry that prepare or review financial statementsLevel of Knowledge: IntermediateCPE Credits: 8, Accounting (7) and Auditing (1)Prerequisite: Basic understanding of accounting principles

Available in a 4-hour version. See FAI4 on the left.

Industry

I-8

MFS4FINANCIAL REPORTING FRAUD: THETOP 25 TIPS ON HOW TO PREVENTAND DETECT EXECUTIVES AND MANAGERS FROM MANIPULATING FINANCIAL STATEMENTS

After such classic fraudulent financial fraud cases like Enron, WasteManagement, and Adelphia Communications, stringent regulationsand professional standards were established to combat these costlytypes of occupational fraud schemes. However, financial reportingfrauds still occurred after corporations implemented these stringentregulations and professional standards. This course explores why financial reporting frauds are still occurring and provides cost-effectivesolutions to help reduce the risk of financial reporting fraud.

The five components of internal control are also addressed as to how,even in smaller entities, controls can contribute to reducing the risk offinancial statement fraud. Additionally, a new model to help managers,accountants, and auditors prevent and detect financial statement fraudis presented. This model is designed to encourage those responsiblefor fraud detection and prevention systems to consider certain fraudrelated variables in addition to those contained in the traditional fraudtriangle (pressure, opportunity, and rationalization).



• Why internal controls alone are not sufficient to prevent/detect fraud• Methods to minimize the amount of financial fraud losses• Mitigating controls to counter internal control weaknesses over

financial reporting in smaller entities

Learning Objectives:• Understand why and how the control environment, risk assessment,

information and communication, and monitoring components of internal control contribute to mitigating risks of financial statement manipulation

• Develop an anti-fraud program based upon an understanding ofcommon elements contained in those programs

• Identify common red flags associated with various types of financialreporting fraud – in addition to the traditional ones contained in thefraud triangle – pressure, opportunity, and rationalization

• Understand the components of an anti-fraud program• Obtain an understanding of cost-effective controls to combat

financial reporting fraud

Designed For: Practicing CPAs and accounting professionals in government, business, and industry who wish to enhance their fraud prevention and detection skills Level of Knowledge: IntermediateCPE Credits: 4, AuditingPrerequisite: Experience in accounting and reporting

Available in an 8-hour version. See OCFR on page I-14.

FAURFASB ANNUAL UPDATE AND REVIEW: CRITICAL DEVELOPMENTSFOR ALL CPAs

Designed for practitioners and their staff, whether in public accounting or business and industry, this course will provide you with a comprehensive update and review of FASB accounting and reporting developments. You’ll focus on recently issued AccountingStandards Updates and exposure drafts, analyzing guidance that has a major effect on all industries, including those covering revenuerecognition and leases. Special attention is given to standard setters’activities that affect small- and medium-sized entities. Examples, illustrations, and hands-on application exercises will be used to helpyou assess and implement the new standards applicable to your organization. You’ll also be kept up-to-date on current FASB projectsand ongoing FASB/IASB convergence activities.

Major Topics:• New and recent FASB Accounting Standards Updates• Revenue recognition• Leases• Current FASB exposure drafts• FASB Accounting and Reporting Project update• FASB/IASB international convergence activities• The FASB Accounting Standards Codification

Learning Objectives:• Identify and apply the latest FASB accounting and reporting


EDs/standards• Be aware of current FASB exposure drafts and projects• Recognize FASB/IASB international convergence activities• Understand the FASB Accounting Standards Codification

Designed For: Practicing CPAs and their staffs, both in public accounting and business and industry – controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review Level of Knowledge: IntermediateCPE Credits: 8, AccountingPrerequisite: Experience in financial accounting and reporting

Available in a 4-hour version. See FUR4 on page I-2.

Industry

I-9

FOA4FORENSIC ACCOUNTING: CRITICALPHASES OF AN EFFECTIVE FRAUD INVESTIGATION

This course provides a review of the critical processes that are performed in a financial fraud investigation. These processes includeplanning, hypothesis generation, Internet-based and other types of research, link analysis, statistical and other forms of data analysis, interviews and interrogations, and several other phases. This coursefurnishes accounting and other professionals with an understanding of the tasks that a financial forensic accountant and others perform during a financial fraud investigation. The relative strengths and weaknesses of the various investigative techniques are addressed.

Major Topics:• The critical financial fraud investigative phases• Hypotheses generation – internal and external factors• The importance of the early phases to the overall investigation• Techniques to acquire various forms of paper and electronic

evidence• Software used in data and link analysis and other phases that can

make the investigation more effective and efficient• Interviews and interrogations – various techniques to elicit

information and confessions• Observational techniques – traditional and nontraditional

Learning Objectives:• Understand the critical phases of a financial fraud investigation

and their relative strengths and weaknesses• Identify red flags that might be indicative of financial fraud• Understand the roles of various players involved in a financial

fraud investigation• Recognize when a financial forensic specialist is needed


Available in an 8-hour version. See FOAC on the left.

FOACFORENSIC ACCOUNTING: A COMPRE-HENSIVE GUIDE TO CONDUCTING FINANCIAL FRAUD INVESTIGATIONS

This course provides an in-depth review of the major processes thatare performed in a financial fraud investigation. These processes include planning, hypothesis generation, Internet-based and othertypes of research, link analysis, statistical and other forms of dataanalysis, interviews and interrogations, and several other phases. This course furnishes accounting and other professionals with an understanding of the tasks that a financial forensic accountant andothers perform during a financial fraud investigation. The relativestrengths and weaknesses of the various investigative techniques areaddressed. This course also provides external auditors with guidanceas to when they should transition from being an auditor conducting afinancial statement audit into an investigator conducting a financialfraud engagement when fraud is discovered during the financial state-ment audit. Auditing standards that address both management’s andthe external auditors’ responsibility concerning fraud are presented todelineate the difference between fraud considerations during an auditof financial statements with a financial fraud investigation.

Major Topics:• Are accounting and other anomalies error or fraud?• How to generate hypotheses concerning the financial fraud• Low-cost forensic techniques that should be performed early in the

investigation to quickly refute or accept different fraud hypotheses• Actual financial fraud cases that occurred in both the public and

private sectors illustrate some of the major investigative techniques• The different players who are typically involved in a financial fraud

investigation and their respective roles• Software used in data analysis, link analysis, and evidence gather-

ing that can make the investigation more effective and efficient• Advantages and disadvantages of different investigative techniques• Distinctions and similarities between financial statement,

misappropriation of assets, and corruption frauds investigations

Learning Objectives:Enhance the accounting professional’s knowledge of the activities performed in a financial fraud investigation so that he/she can:• Understand the various phases of a financial fraud investigation• Possibly provide oversight of the investigation• Value the roles played by various parties in the investigation• Know how best to react when fraud is suspected• Appreciate why financial fraud investigations can be quite expensive• Recognize red flags that might be indicative of financial fraud


Available in a 4-hour version. See FOA4 on the right.

Industry

I-10

CCCBFRAUD: CATCHING THE CROOKSWHO COOK THE BOOKS

Fraud is a growing problem that costs the U.S. hundreds of billions ofdollars each year. The purpose of this course is to help participantsunderstand the nature of fraud, profile who commits it and why, andlearn how to prevent it from occurring and detect it when it does occur.Many real live cases of fraud are used to illustrate its concepts andpreventative applications.

Major Topics:• Nature and elements of a typical fraud • Types of fraud: fraudulent financial reporting, misappropriation of

assets, vendor fraud, customer fraud, and investment fraud • Who commits fraud: profile of the typical fraud perpetrator • Social forces contributing to fraud • Three-step fraud process: commit, conceal, convert to personal use • Why fraud occurs: fraud triangle of pressures, opportunities, and

lack of personal integrity • The pressures that motivate fraud • Opportunities that allow fraud to occur • Rationalizations that allow perpetrators to excuse their lack of

integrity. • Fraud prevention: a three-pronged approach:

• Minimizing financial, work-related, and lifestyle pressures that motivate fraud

• Minimizing opportunities that allow fraud to occur • Maximizing personal integrity

• How fraud symptoms can help alert individuals when a fraud has occurred

• Fraud-symptom categories (financial statement, unusual relationships, accounting, organizational, related party, outsider relationships, internal control, personal conduct, informant, lifestyle, and corporate culture)

• Specific fraud symptoms and examples of how they can tip-off the presence of fraud

• Fraud-detection techniques

Learning Objectives:• Explain the nature and elements as well as the types of fraud• Describe the three-step fraud process, including who commits

fraud and why• Understand how to prevent fraud by minimizing pressures and

opportunities and maximizing personal integrity• Describe and explain the various symptoms that alert people to

the possible presence of fraud

Designed For: Practicing CPAs and accounting professionals in business and industry that are responsible for the integrity of financial information Level of Knowledge: BasicCPE Credits: 8, AuditingPrerequisite: None

FFR4FRAUD AND FINANCIAL REPORTING:DON’T BE THE NEXT VICTIM

Just when you think you’ve heard and seen it all, another fraud casetops the headlines. Why do these frauds keep happening, and whatcan you do to prevent them? Come join us for an interactive sessionas we review landmark and recent financial reporting fraud cases thatoccurred in the real world. We’ll discuss how to identify this type offraud and what you can do to detect and prevent this criminal act.We’ll also show you how to identify the red flags in financial reportingfrauds and review some of the most outrageous schemes. Don’t become the next victim of financial reporting fraud – come and seehow these financial fraud schemes were conducted and learn howthey were discovered.

Major Topics:• Discussion on how financial frauds occur• Schemes to perpetrate a variety of financial frauds• Relevant investigative techniques• Preventative and detective controls• Discussion on what controls failed• Update on what happened to the perpetrators

Learning Objectives:• Identify some of the early warning signs of financial fraud and

how financial frauds occur• Detect financial reporting schemes and understand how to

prevent them• Design preventative and detective controls to mitigate future

financial fraud risks• Understand the auditor’s responsibility in detecting financial fraud• Understand management’s responsibility concerning financial fraud


Available in an 8-hour version. See RWFR on page I-15.

Industry

I-11

HTOFFROM HIRING TO FIRING AND EVERYTHING IN BETWEEN: LEGAL,TAX, AND HEALTH CARE ISSUES

The employer-employee relationship strains both sides in a troubledeconomy, and businesses need CPAs, controllers, and other advisorsto provide understanding of the complex legal, tax, and health care issues associated with all aspects of employment. This course provides in-depth coverage of this critical area.

Major Topics:• Hiring and firing issues – What questions cannot be asked in an

interview; how to document employee performance; establishing an annual review system; when an employer may and may not fire an employee, and much more

• Employment contracts – An analysis of the legal and planning issues in structuring employment contracts; when non-competition agreements will and will not work

• Employment issues in the economy – Telecommuters and other special situations

• Legal liability issues – Recognition of age discrimination, sex discrimination, FSLA issues, minimum wage, overtime, sexual harassment, and more

• Fringe benefit issues – Health care, COBRA, and Family and Medical Leave Act

Learning Objectives:• Identify the legal issues in hiring, evaluating, and firing employees• Discuss federal laws that curtail an employer in taking actions

involving employees and applicants• Understand the requirements that fringe benefits and

compensation programs place on employers

Designed For: CPAs who need an in-depth understanding of employment issues Level of Knowledge: BasicCPE Credits: 8, Business Law (6), Taxes (2)Prerequisite: None

GCA4GAINING A COMPETITIVE ADVANTAGE:CRITICAL SKILLS FOR CFOs AND CONTROLLERS

All organizations are looking for ways to gain an advantage over thecompetition. This practical and interactive session will present a toolkitof ideas to help CFOs, controllers and finance professionals better position their organizations for the future. We all know change is occurring at an exponential rate and by completing this course you will be able to assist your organization in making key decisions affectingcritical aspects of the business such as enterprise risk management,financial risk, cash management, credit decisions and much more!Become the “financial hero” of your organization and make a positiveimpact on the bottom-line.

Major Topics:• Pricing and costing strategies• Expense control that works• Better credit decisions• Financial risk analysis• Enterprise risk management• Use and misuse of derivatives• Improving bank relationships and cash management

Learning Objectives:• Make better financial decisions that have a positive impact on

the organization• Lead the organization into the rapidly changing decade• Apply the latest tools and techniques for a positive impact on

the organization


Available in an 8-hour version. See TCFO on page I-6.

ISBGIFRS FOR SMALLER ENTITIES VS. U.S. GAAP: A STUDY IN HOW THEFINANCIAL STATEMENTS LOOK ANDFEEL DIFFERENT

Did you know that small and medium-sized entities represent morethan 95% of all companies? International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs) wasreleased in final form in July 2009 as an accepted modification andsimplification of full IFRS. Smaller entities often produce financialstatements only for the use of owner-managers, existing and potentialcreditors, credit rating agencies, vendors, customers, etc. IFRS forSMEs is aimed at meeting the needs of smaller entity financial statement users, while easing the financial reporting burden on private companies that do not have public accountability.

While U.S. financial, accounting and audit professionals have an existing familiarity and comfort with U.S. GAAP, an increasing numberof these same professionals are being asked to prepare or report on financial statements using IFRS (as either a mandatory or voluntary alternative). A practical knowledge of IFRS for SMEs is important forprofessionals providing accounting, reporting or attest services for private entities, especially when private company stakeholders and financial statement users require financial statements prepared under international standards.

Major Topics:• Why and how IFRS for SMEs emerged as a viable option for

financial accounting and reporting for private entities worldwide• Circumstances under which U.S. entities may find it necessary

and/or desirable to implement IFRS for SMEs over U.S. GAAP• How IFRS for SMEs is organized to meet the primary objectives of

financial statements for small and medium-sized entities withoutpublic accountability

• Comparing and contrasting financial statement recognition andpresentation under the two acceptable sets of standards

• Illustrative financial statements prepared under IFRS for SMEs,highlighting how they “look and feel different” from the same financial statements prepared under U.S. GAAP

Learning Objectives:• Describe how financial statements prepared under IFRS for SMEs

differ in both look and feel from those prepared under U.S. GAAP• Discuss why international financial reporting standards were

created, and the resulting impact on U.S. GAAP (both currently and in the future)

Designed For: Professionals interested in gaining real-life, practicalinsight into how financial statement recognition and presentation actually varies between IFRS for SMEs and U.S. GAAP Level of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: None

Available in a 4-hour version. See ISB4 on the left.

Industry

I-12

ISB4IFRS FOR NONISSUERS: WHAT IN THE WORLD IS HAPPENING?

There has been a recent major “push” to converge U.S. GAAP with International Financial Reporting Standards (IFRS). The first wave of change will mostly impact issuers regulated by the SEC, who maydecide by the end of 2012 whether to begin mandating the use ofIFRS. However, as with any changes to professional and regulatorystandards related to issuers, the impact on non-issuers will not be farbehind. In fact, there is already an increasing demand for a single setof globally accepted simplified accounting standards for non-issuersas well, which resulted in the release of IFRS for Small- and Medium-Sized Entities. Perhaps this will evolve into little U.S. GAAP for U.S.non-issuers in the very near future?

Major Topics:• What is the history behind the need and desire for convergence? • What should non-issuers expect as a result of the convergence

trend? • What are the highlights of differences between U.S. GAAP and

IFRS for Small and Medium-Sized Entities? • How will convergence most significantly impact financial statements

of non-issuers?

Learning Objectives:• Describe an overview of the anticipated impact of U.S. GAAP

convergence with IFRS, with emphasis on non-issuers that tend to have less complex accounting and financial reporting issues

• Communicate from a knowledgeable perspective as this topic gains momentum and private entities and nonprofits start asking,“What does this mean to me?”

Designed For: Anyone interested in the potential impact of the use of IFRS for Small and Medium-Sized Entities Level of Knowledge: BasicCPE Credits: 4, AccountingPrerequisite: None

Available in an 8-hour version. See ISBG on the right.

Industry

I-13

MBADMBA IN A DAY!

The purpose of this course is to help CPAs develop a complete business finance and management background. With this knowledgeand these skills, CPAs in industry and public accounting can bettermanage all aspects of their own businesses while helping their clientsmake more informed business and financial decisions.

Major Topics:• Fundamentals of organization behavior – The basics of defining a

problem, analyzing it, and planning action suited for resolving it; theories of motivation and job design; the six defining elements oforganizational architecture

• Decision making with statistics – Gathering statistical information,interpretation, and methods of forecasting

• Finance – Risk and return; portfolio management theories; asset allocation; capital asset pricing models; financial management; allmathematics of tax leverage and tax planning; cash flow analysis

• Marketing principles and concepts – Including consumer analysis,market segmentation, distribution channels, advertising and promotion, and economic break-even analysis; competitive strategies in changing markets

• Capital budgeting and marginal investment analysis – Tax-adjustedtime-value analysis, IRRs, NPV, and other methods to allocatescarce resources among business investment opportunities

• Production management – Capacity, scheduling, and inventory control issues

• Learning to be your own economist – Macroeconomic and micro-economic concepts, the impact of business cycles and the currentbusiness environment on business plans and profitability, and how tointerpret vast amounts of data available to make business decisions

Learning Objectives:• Discuss the marketing process and framework for analysis• Explain several organizational behavior theoretical models and how

to use them to diagnose and to solve organizational problems• Apply quantitative or number-crunching analyses including decision

theory, time-value formulas, cash-flow analysis, capital budgeting,probability theory, and regression analysis and forecasting

• Explain the basic mathematical relationships in portfolios and the asset-allocation concepts both in general and for various investment classes in the context of efficiency, life cycle, investmenthorizons, and risk constraints

• Outline and explain the problem-solving framework for operationsincluding the five major issues, the six M’s of production, and thethree principle methods of production

• Describe the critical features of the business cycle and the use ofcomposite economic indicators to help predict changes in the business cycle and to guide business decisions

• Compare & contrast various assumptions and planning implicationsassociated with various strategic planning theories and concepts.

Designed For: CPAs in industry and public accounting who want toexpand their knowledge of business management and finance and theprinciples of strategic business planning Level of Knowledge: IntermediateCPE Credits: 8, Finance (4), Marketing (3), and Economics (1)Prerequisite: Experience in financial management

IFB4INNOVATIVE FORECASTING ANDBUDGETING: MOVING BEYOND THE TRADITIONAL TECHNIQUES

Forecasting and budgeting, two words that often draw an adverse reaction from many financial professionals. Let us help you “turn thatfrown upside down” with our innovative approach to planning andbudgeting. We’ll move beyond the traditional techniques and show you easier ways to complete the process while cutting out the politicalpitfalls that end up causing a lack of accountability and can be de-motivating to the staff. During the seminar we’ll cover such topicsas the sales/income plan, capital equipment planning, the “one-yearoperating plan” (formerly referred to as a budget), the “monthly operating plan,” cash planning, risk planning and much more! Join us for this seminar as we help you streamline your forecasting andbudgeting processes which turns into a win-win for the employees and the organization.

Major Topics:• Sales/income plan• Intermediate planning• Capital equipment planning• One-year operating plan• Monthly planning• Cash plan• Risk plan

Learning Objectives:• Develop a one-year operating plan (formerly referred to as a

budget)• Avoid the political pitfalls that often come with the forecasting and

budgeting processes• Maximize the usefulness of the forecasts developed for the

organization• Perform a financial risk analysis• Perform an EVA analysis (PV, ROI and Modified ROI)


Available in an 8-hour version. See PLFB on page I-3.

Industry

I-14

OCFROCCUPATIONAL FRAUD: THE TOP 50 TIPS ON HOW TO PREVENT EXECUTIVES, MANAGERS, AND EMPLOYEES FROM STEALING AND NOT GETTING CAUGHT

Many managers or auditors implement controls to prevent and detectfraud based on a “one-size fits all” checklist. Many times, the checklistitems are not appropriate to businesses, or are out of date. Thiscourse provides a description of classic and emerging controls that are effective in reducing the risk of fraud in a variety of transaction processing systems. They could be manual, a hybrid manual/IT, oreven entirely electronic (such as those proposed for some cloud computing applications). The five components of internal control areaddressed as to how, even in smaller entities, controls can contributeto reducing the risk of fraud – including financial statement fraud. Also,a new model to help managers, accountants, and auditors to preventand detect fraud is presented. This model is designed to encouragethose responsible for fraud detection and prevention systems to con-sider certain fraud related variables in addition to those contained inthe traditional fraud triangle (pressure, opportunity, rationalization).



• Why internal controls alone are not sufficient to prevent/detect fraud• Is the presence of adequate segregation of duties indicative of an

effective control?• Collusion with third-parties – a threat to entities of any size• Methods to minimize the amount of fraud losses• Mitigating controls to counter internal control weaknesses in

smaller entities

Learning Objectives:• Identify common red flags associated with various types of

occupational fraud – in addition to the traditional ones contained in the fraud triangle – pressure, opportunity, and rationalization

• Design cost effective and strong controls for a variety of transaction processing systems

• Understand why and how the control environment, risk assessment,information & communication, & monitoring components of internalcontrol contribute to mitigating the risks of occupational fraud

• Understand the components of an anti-fraud program• Obtain an understanding of cost-effective controls to combat fraud

Designed For: Practicing CPAs and accounting professionals in government, business, and industry who wish to enhance their fraud prevention and detection skillsLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in accounting and reporting

Available in two 4-hour versions. See MFS4 on page I-8and CAM4 on page I-5.

CMS4PROTECTING YOU AND YOUR COMPANY FROM CORRUPTION ANDMISAPPROPRIATION SCHEMES

Just when you think you’ve heard and seen it all, another fraud casetops the headlines. Why do these frauds keep happening, and whatcan you do to prevent them? Come join us for an interactive sessionas we review landmark and recent corruption and misappropriationfraud cases that occurred in the real world. We’ll discuss how to identify these types of fraud and what you can do to detect and prevent these criminal acts. We’ll also show you how to identify thered flags in corruption and misappropriation frauds and review some of the most outrageous schemes. Don’t become the next victim offraud – come and see how these schemes were conducted and learnhow they were discovered.

Major Topics:• Discussion on how corruption and misappropriation frauds occur• Schemes to perpetrate a variety of corruption and

misappropriation frauds• Relevant investigative techniques• Preventative and detective controls• Discussion on what controls failed• Ponzi and other schemes• Update on what happened to the perpetrators

Learning Objectives:• Identify some of the early warning signs of fraud and how frauds

occur• Detect corruption and misappropriation schemes and understand

how to prevent them• Design preventative and detective controls to mitigate future

fraud risks• Understand the auditor’s responsibility in detecting corruption and

misappropriation fraud• Understand management’s responsibilities concerning corruption

and misappropriation fraud


Available in an 8-hour version. See RWFR on page I-15.

Industry

I-15

RWFRREAL-WORLD FRAUD: WAR STORIES FROM THE FRONT LINES

Just when you think you’ve heard and seen it all, another fraud casetops the headlines. Why do these frauds keep happening, and whatcan you do to prevent them? Come join us for an interactive sessionas we review landmark and recent corruption, financial reporting, andmisappropriation fraud cases that occurred in the real world. We’ll discuss how to identify these types of fraud and what you can do todetect and prevent these criminal acts. We’ll also show you how to identify the red flags in corruption, financial reporting, and misappropriation frauds and review some of the most outrageousschemes. Don’t become the next victim of fraud – come and see howthese schemes were conducted and learn how they were discovered.

Major Topics:• Discussion on how corruption, financial, and misappropriation

frauds occur• Schemes to perpetrate a variety of frauds• Relevant investigative techniques• Preventative and detective controls• Discussion on what controls failed• Ponzi and other schemes• Update on what happened to the perpetrators

Learning Objectives:• Identify some of the early warning signs of fraud and how

frauds occur• Detect corruption, financial reporting, and misappropriation

schemes and understand how to prevent them• Design preventative and detective controls to mitigate future

fraud risks• Understand management’s responsibility concerning fraud• Understand the auditor’s responsibility in detecting fraud

Designed For: Practicing CPAs and accounting professionals in business and industry that are responsible for the integrity of financial informationLevel of Knowledge: IntermediateCPE Credits: 8, AuditingPrerequisite: Experience in accounting and reporting

Available in two 4-hour versions. See CMS4 on page I-14and FFR4 on page I-10.

REREREVENUE RECOGNITION: A NEW DAYIS DAWNING

The FASB and the IASB are expected to issue the final standard onrevenue recognition in the first quarter of 2013. Currently in the re-exposure draft, the changes to revenue recognition are expected to be extensive, so make sure you are ready for the changes. This program will provide participants with practical guidance about how to work with the new concepts and principles being proposed by theFASB. In addition, this manual will discuss general principles of revenue recognition, revenue recognition for products and services,and accounting for multiple element arrangements.

Major Topics:• General principles of revenue recognition for products and services• Changes in revenue recognition guidance for 2013• Economic approach to recognizing revenue for multiple element

arrangements• Detailed analysis of ASU 2009-13, Revenue Recognition with

Multiple Deliverables• Detailed analysis of ASU 2009-14, Certain Revenue

Arrangements That Include Software Elements• Detailed analysis of the re-exposure draft, Revenue from

Contracts with Customers

Learning Objectives:• Understand how the implementation of a more economic approach

to revenue recognition changes accounting processes and reportedresults for companies (ASU 2009-13 & 2009-14)

• Examine and evaluate the general issues regarding the timing and amount of revenue recognition

• Understand the new revenue recognition proposal and its impact on financial statements

• Determine the impact of the new standards on revenue accounting processes and financial statements

Designed For:• Staff accountants who need to “get up-to-speed” on the changes

in revenue recognition • Controllers responsible for a unit's financial statements • Accounting managers responsible for preparing financial

statements • Finance staff who want a review of how financial statements will

change under existing and new guidance for revenue recognitionLevel of Knowledge: BasicCPE Credits: 8, AccountingPrerequisite: Basic understanding of current revenue recognitionguidance

Industry

I-16

FLO4THE STATEMENT OF CASH FLOWS:PREPARATION GUIDANCE AND PRESENTATION ILLUSTRATIONS

From its humble beginnings way back in 1963 when the AccountingPrinciples Board “encouraged” the presentation of a funds statement,the Statement of Cash Flows has made its way to a required, critical,and often considered the most important financial statement in an entity’s financial reporting package. This course will provide you withan overall review of the authoritative literature used for preparing a statement of cash flows, FASB Accounting Standards Codification230, Statement of Cash Flows, as well as implementation guidanceand real world presentation examples from published financial statements. Hands-on exercises will be used to help you apply the requirements and guidance which can be challenging especially inthose situations when nonoperating changes in assets and liabilitiesare involved. Disclosure requirements will also be reviewed and illustrated across a number of accounting standards.

Major Topics:• FASB ASC 230, Statement of Cash Flows• The indirect and direct methods for preparing the operating section• Operating activities, investing activities, and financing activities• Disclosure requirements and issues


for preparing a statement of cash flows found in FASB ASC 230,Statement of Cash Flows

• Identify and properly classify transactions and events on the statement of cash flows

• Review presentation and disclosure issues relating to the statement of cash flows

• Prepare the statement of cash flows in accordance with U.S. GAAP

Designed For: Accounting practitioners in public practice and business and industry involved in preparing the statement of cashflows; other financial professionals who review, analyze, and use thestatement of cash flows including lenders, creditors, investors, and financial analysts Level of Knowledge: BasicCPE Credits: 4, AccountingPrerequisite: None

TDE4THRIVING IN A CHAOTIC ECONOMICENVIRONMENT: PLANNING ANDSTRATEGY FORMULATION FOR YOURORGANIZATION

Sick and tired of taking CPE that has no practical application or just regurgitates the same information over and over? Join us for this practical course, which will present a fresh approach to planning andstrategy formulation for your organization. Often thought of as apainful process, planning and strategy formulation is probably one ofthe most important processes any organization undertakes in order toachieve financial success. We’ll explore this fresh approach to manydifferent planning stages, including the marketing plan, the technologyplan, the capital plan, the five-year operating plan and much more!Today’s dynamic economic environment requires much more carefulplanning and strategy execution. Come find out how to make that happen for your organization.

Major Topics:• Differences between planning and budgeting• The business model• Strategic plan• Marketing plan• Technology plan• Financial forecasting• Financial risk analysis• Five-year operating plan

Learning Objectives:• Develop strategies for the organization that make an impact • Avoid the political pitfalls that often come with the planning process• Maximize the usefulness of the different plans developed for

the organization• Identify the differences between strategic and incremental planning• Implement strategic planning at the department level• Make the planning process enjoyable and painless for the entire

organization


Available in an 8-hour version. See PLFB on page I-3.

Indices

Course TiTle ACronym CrediTs PAge(s)

A Complete Guide to the Yellow Book..................................................................................................YBYB .....................8.............G-1

A&A year in review: exploring the latest issues and Challenges Facing CPAs ........................AAyr.....................8.............A-1

Accounting and Reporting for Not-for-Profits: Avoiding the Headaches and Heartaches ....................ARN4 .....................4.............G-1, I-1

Accounting and reporting for not-for-Profits: Avoiding the Timekillers and Painkillers ...........nPA4 .....................4.............g-2, i-1

Accounting and Reporting for Not-for-Profits: Issues and Answers .....................................................ARNP.....................8.............G-2, I-2

Advanced Form 1041 Practice Workshop............................................................................................AP41 ......................8.............T-1

Advanced Partnership/LLC Workshop: How to Do Optional Step-Up in

Basis Under §754 and Related Provisions......................................................................................APLW.....................8.............T-1

Advanced Selected Issues for Trusts, Estates, and Their Beneficiaries ..............................................ITEB.......................8.............T-2

Advanced Tax Structures: Using Tiered Partnerships, Multiple Corporations,

Series LLCs, and Disregarded Entities ...........................................................................................ADTS .....................8.............T-2

Advanced Technical Tax Forms Training – Form 1040 Issues .............................................................ATFI .......................8.............T-3

Advanced Technical Tax Forms Training – LLCs, S Corporations, and Partnerships ..........................ATFB......................8.............T-3

Annual Accounting and Auditing Update ..............................................................................................ACAU.....................8.............A-1

Annual Accounting Update ...................................................................................................................ACU4 .....................4.............A-2

Annual Auditing Update........................................................................................................................AUU4 .....................4.............A-2

Annual FASB Update and Review........................................................................................................FUR4 .....................4.............A-3, I-2

Auditing not-for-Profit entities: superior skills for an effective and efficient Audit ..................AnFP .....................8.............g-3

Audits of 401(k) Plans: new developments and Critical issues for an

effective and efficient Audit.........................................................................................................AFPl .....................8.............A-3

The Best Federal Tax Update Course by Surgent McCoy ...................................................................BFTU .....................8.............T-4

The Best Income Tax, Estate Tax, and Financial-Planning Ideas of 2013............................................IEFP.......................8.............T-4

The Best Individual Income Tax Update Course by Surgent McCoy....................................................BITU.......................8.............T-5

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy ..........BCPE.....................8.............T-5

CFo/Controller’s roadmap to organization success With integrated

Planning, Forecasting, and Budgeting........................................................................................PlFB .....................8.............i-3

Choosing the Best Entity Structure ......................................................................................................CBE4 .....................4.............T-6

Choosing the Best Entity Structure Under the Tax Law in 2013...........................................................CBES .....................8.............T-6

Compilation and Review Guide and Update ........................................................................................CRU4 .....................4.............A-4

Compilations and Reviews: Engagement Performance and Annual Update .......................................CRAU.....................8.............A-4

The Complete Guide to Liquidation of Business Entities .....................................................................CGLB .....................8.............T-7

The Complete Guide to Payroll Taxes and 1099 Issues ......................................................................CGPT.....................8.............I-3, T-7

The Complete Guide to Preparing Limited Liability Company, Partnership,

and S Corporation Federal Income Tax Returns .............................................................................PLPS......................8.............T-8

Complete Strategies for Maximizing Contributions, Rollovers,

Distributions, and Estate Planning of IRAs, SIMPLEs, SEPs, and Roths .......................................CIRA ......................8.............T-8

The Complete Trust Workshop!............................................................................................................TCTW ....................8.............T-9

Comprehensive Accounting Issues of Estates and Trusts: Fiduciary Accounting and Tax Issues .......FACT......................8.............A-5, T-9

Construction Contractors: Critical Accounting, Auditing, and Tax

issues in Today’s environment....................................................................................................Cons ....................8.............A-5, i-4

Controller/CFo update: Hot Topics Facing Today’s Financial Professional ................................TCF4......................4.............i-4

NOTE: Bold titles indicate new courses for 2013.

Index

Alphabetical Listing by Course Title

IA-1


Corruption and Asset misappropriation schemes: The Top 25 Tips on

How to Prevent and detect illegal Acts by employees and Third Parties ...............................CAm4.....................4.............A-6, i-5

Critical early determinations in omB A-133 Audits ........................................................................omB4 ....................4.............g-3

Critical internal Control Concepts under the updated internal Control Framework ..................uiC4.......................4.............A-6, i-5

Critical Tax issues in Buying and selling a Business ....................................................................BsB4 .....................4.............T-10

Critical Things to Know for an Effective and Efficient Financial Statement Audit .................................AWP4.....................4.............A-7

Current developments and Best Practices for Today’s CFos and Controllers ...........................TCFo .....................8.............i-6

Current Issues in Accounting and Auditing: An Annual Update ............................................................AAU4 .....................4.............A-7

Determining How Much Money You Need to Retire, and Tax Ideas

and Money Management in Retirement ..........................................................................................DRMM....................8.............T-10

Effective and Efficient Senior-Level Review of Individual Tax Returns.................................................ERTW ....................8.............T-11

Effectively and Efficiently Reviewing Audit Workpapers: The First Line of

Defense Against Deficient Audits ....................................................................................................ERAW ....................8.............A-8

The Essential Audit Toolkit: Best Practices for Smaller Entities ...........................................................ATKN .....................8.............A-8

Estate and Life Planning Issues for the Middle-Income Client .............................................................PMIC......................8.............T-11

Estate Planning: What to Do in 2013 ...................................................................................................NLE4......................4.............T-12

Ethical Considerations for CPAs ..........................................................................................................ETH4......................4.............A-9

Ethical Considerations in Your Tax Practice .........................................................................................EXT4......................4.............T-12

exploring the updated internal Control Framework: Critical Concepts in

design, evaluation, implementation, and monitoring................................................................uiCF ......................8.............A-9, i-6

Fair Value Accounting: Guidance for Practitioners and CPAs in Business and Industry ......................FAI4 .......................4.............A-10, I-7

Fair Value Accounting: Making the Complex Issues Understandable ..................................................FAIR.......................8.............A-10, I-7

FASB Annual Update and Review: Critical Developments for All CPAs...............................................FAUR .....................8.............A-11, I-8

Federal Estate and Gift Tax Returns – Forms 706 and 709 Workshop ................................................GIFT.......................8.............T-13

Federal Tax Update ..............................................................................................................................BFT4 ......................4.............T-13

Fiduciary Income Tax Returns – Form 1041 Workshop .......................................................................1041.......................8.............T-14

Financial reporting Framework for small and medium-sized entities.........................................FrFs .....................8.............A-11

Financial reporting Fraud: The Top 25 Tips on How to Prevent and

detect executives and managers from manipulating Financial statements ...........................mFs4 .....................4.............A-12, i-8

Financial statement disclosures: guide to Current requirements & developing issues ..........Fsd4......................4.............A-12

Forensic Accounting: A Comprehensive guide to Conducting

Financial Fraud investigations.....................................................................................................FoAC.....................8.............A-13, i-9

Forensic Accounting: Critical Phases of an effective Fraud investigation ..................................FoA4 .....................4.............A-13, i-9

Fraud: Catching the Crooks Who Cook the Books...............................................................................CCCB.....................8.............A-14, I-10

Fraud and Abuse in not-for-Profit entities and governments: stealing from everyone ............FAng.....................8.............g-4

Fraud and Financial Reporting: Don’t Be the Next Victim ....................................................................FFR4......................4.............A-14, I-10

Fraud in not-for-Profit entities and governments ..........................................................................FAn4......................4.............g-4

From Hiring to Firing and everything in Between: legal, Tax, and Health Care issues..............HToF .....................8.............i-11, T-14

gaining a Competitive Advantage: Critical skills for CFos and Controllers ...............................gCA4.....................4.............i-11

getting ready for Busy season: A guide to new Forms, Filing issues, and

other Critical developments ........................................................................................................nFFi.......................8.............T-15

Hot IRS Tax Examination Issues for Individuals and Businesses ........................................................EXIB.......................8.............T-15

How to Settle an Estate for a Client from A to Z ...................................................................................SEAZ .....................8.............T-16


Index


IA-2


I See It! Bringing into Focus the New Clarified Auditing Standards......................................................GNFR.....................8.............A-15, G-5

IFRS for Nonissuers: What in the World Is Happening? ......................................................................ISB4 .......................4.............A-15, I-12

IFRS for Smaller Entities vs. U.S. GAAP: A Study in How the

Financial Statements Look and Feel Different ................................................................................ISBG ......................8.............A-16, I-12

Individual Income Tax Return Mistakes and How to Fix Them.............................................................INB4.......................4.............T-16

Individual Income Tax Update ..............................................................................................................BIT4 .......................4.............T-17

individual Tax Planning ideas for 2013 ............................................................................................iTP4 .......................4.............T-17

An innovative Approach to Forecasting and Budgeting: moving

Beyond the Traditional Techniques.............................................................................................iFB4 .......................4.............i-13

Key Partnership and S Corporation Tax Planning Strategies...............................................................BTS4......................4.............T-18

Latest Developments in Government and Nonprofit Accounting and Auditing 2013 ............................GNAA.....................8.............G-5

Latest Developments in Government and Nonprofit Auditing 2013......................................................GAU4 .....................4.............G-6

Latest Developments in Governmental Accounting and Auditing 2013................................................GVAA .....................8.............G-6

Latest Developments in Nonprofit Accounting and Auditing 2013........................................................NPAA .....................8.............G-7

Learn to Do a Nexus Study to Build Your State and Local Tax Practice ..............................................NEXU.....................8.............T-18

Make Money for You and Your Clients: Surgent McCoy's Top Business Tax Planning Strategies .......BTPS .....................8.............T-19

Mastering Basis Issues for S Corporations, Partnerships, and LLCs...................................................HMB4.....................4.............T-19

Mastering the Fundamentals of Estate and Gift Tax Planning .............................................................MFEP.....................8.............T-20

maximizing your social security Benefits .......................................................................................ssr4 .....................4.............T-20

MBA in a Day!.......................................................................................................................................MBAD ....................8.............I-13

New Critical Decisions in Selecting the Best Retirement Plan for Small Businesses in 2013..............SRPL .....................8.............T-21

new medicine: Key issues CPAs need to Know About the Patient

Protection and Affordable Care Act.............................................................................................nmed ....................4.............T-21

OCBOA: Preparing and Reporting on Cash, Modified Cash, and

Tax Basis Financial Statements ......................................................................................................CMCT ....................8.............A-16

occupational Fraud: The Top 50 Tips on How to Prevent executives,

managers, and employees from stealing and not getting Caught..........................................oCFr.....................8.............A-17, i-14

OMB A-133 from A to Z ........................................................................................................................A133 ......................8.............G-7

Partnerships and LLCs: Avoiding Common Pitfalls Facing Practitioners .............................................BTP4......................4.............T-22

Performing Financial Audits Under the Yellow Book ............................................................................YBK4......................4.............G-8

Preparing C Corporation Tax Returns for New Staff and Para-Professionals ......................................PCTR .....................8.............T-22

Preparing Individual Tax Returns for New Staff and Para-Professionals .............................................PITR.......................8.............T-23

Preparing OCBOA Financial Statements: Cash, Modified Cash, and Tax Basis..................................CMT4 .....................4.............A-17

Protecting You and Your Company from Corruption and Misappropriation Schemes ..........................CMS4.....................4.............A-18, I-14

Reading, Understanding, and Structuring LLC and Partnership

Agreements from a CPA's Perspective............................................................................................RUSA.....................8.............T-23

Real-World Fraud: War Stories from the Front Lines ...........................................................................RWFR ....................8.............A-18, I-15

revenue recognition: A new day is dawning ................................................................................rere.....................8.............A-19, i-15

Reviewing Financial Statement Audit Workpapers: The Most Critical

Quality Control Considerations........................................................................................................ERA4 .....................4.............A-19

S Corporation, Partnership, and LLC Tax Update ................................................................................BCP4 .....................4.............T-24

Select Estate and Life Planning Issues for the Middle-Income Client ..................................................PMI4 ......................4.............T-24

service organization reporting Frameworks: life After sAs 70 ..................................................sorF.....................8.............A-20


Index


IA-3


shortcuts to Tax Cuts: individual Tax, social security, and retirement

Planning Tools and strategies .....................................................................................................TXCu .....................8.............T-25

should Client expenditures be Capitalized or expensed?

A guide to the new irs regulations ...........................................................................................CPe4 .....................4.............T-25

Social Security, Medicare, and Prescription Drug Retirement Benefits:

What Every Baby Boomer Needs to Know Now .............................................................................SSRB.....................8.............T-26

The statement of Cash Flows: Preparation guidance and Presentation illustrations ................Flo4......................4.............A-20, i-16

Surgent McCoy's 2013 Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs .......TPGS.....................8.............T-26

Surgent McCoy's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships .....ACTL......................8.............T-27

Surgent McCoy's Advanced Critical Tax Issues for S Corporations .....................................................ACTS .....................8.............T-27

Surgent McCoy's Advanced Individual Income Tax Return Issues.......................................................STRI.......................8.............T-28

Surgent McCoy's Audit Workshop: Best Practices in Planning and

Designing a High-Quality and Profitable Audit ................................................................................AWPD ....................8.............A-21

Surgent McCoy's Basic Audit Staff Training – Level I...........................................................................AST1.....................16............A-21

Surgent McCoy's Beginning In-Charge Training – Level III..................................................................AST3.....................16............A-22

Surgent McCoy's Comprehensive Guide to Tax Depreciation,

Amortization, and Property Transactions from Acquisition to Exchange or Disposition ..................TDAP .....................8.............T-28

Surgent McCoy's Experienced Audit Staff Training – Level II ..............................................................AST2.....................16............A-22

Surgent McCoy's Experienced In-Charge Training – Level IV .............................................................AST4.....................16............A-23

Surgent McCoy's Federal Tax Camp....................................................................................................SATC .....................8.............T-29

Surgent McCoy's Handbook for Mastering Basis, Distributions, and

Loss Limitation Issues for S Corporations, LLCs, and Partnerships ...............................................HMBI......................8.............T-29

Surgent McCoy's Limited Liability Company and Partnership Tax Return Preparation Workshop.......LLPW.....................8.............T-30

Surgent McCoy's Multistate Tax Update...............................................................................................MSTU.....................8.............T-30

Surgent McCoy's Practical Guide to Better Substantive Testing and Auditing of Internal Controls......TAIC.......................8.............A-23

Surgent McCoy's Top 10 Tax Issues in Dealing with LLCs and Partnerships ......................................LP10 ......................8.............T-31

The Top 50 Business Tax Mistakes Practitioners Make and How to Fix Them ....................................BTBB .....................8.............T-31

The Top 50 Mistakes Practitioners Make and How to Fix Them:

Individual Tax and Financial Planning .............................................................................................INBB ......................8.............T-32

The Top 50 Nonpublic Audit Mistakes Practitioners Make and How to Fix Them ................................NABB .....................8.............A-24

Thriving in a Chaotic economic environment: Planning and strategy

Formulation for your organization ..............................................................................................Tde4......................4.............i-16

What You Need to Do Now in Estate Planning Under the New Tax Law .............................................NLEP .....................8.............T-32


Index


IA-4

ACRONYM COuRse TiTle CRediTs PAge(s)

1041 ................Fiduciary Income Tax Returns – Form 1041 Workshop ..............................................................................8.............T-14

A133................OMB A-133 from A to Z ...............................................................................................................................8.............G-7

AAU4...............Current Issues in Accounting and Auditing: An Annual Update...................................................................4.............A-7

AAYR ..............A&A Year in Review: exploring the latest issues and Challenges Facing CPAs...............................8.............A-1

ACAU ..............Annual Accounting and Auditing Update .....................................................................................................8.............A-1

ACTL...............Surgent McCoy's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships ............8.............T-27

ACTS ..............Surgent McCoy's Advanced Critical Tax Issues for S Corporations ............................................................8.............T-27

ACU4 ..............Annual Accounting Update..........................................................................................................................4.............A-2

ADTS ..............Advanced Tax Structures: Using Tiered Partnerships, Multiple Corporations,

Series LLCs, and Disregarded Entities...................................................................................................8.............T-2

AFPl...............Audits of 401(k) Plans: New developments and Critical issues for an

effective and efficient Audit ...............................................................................................................8.............A-3

ANFP ..............Auditing Not-for-Profit entities: superior skills for an effective and efficient Audit .........................8.............g-3

AP41 ...............Advanced Form 1041 Practice Workshop...................................................................................................8.............T-1

APLW ..............Advanced Partnership/LLC Workshop: How to Do Optional Step-Up in

Basis Under §754 and Related Provisions .............................................................................................8.............T-1

ARN4 ..............Accounting and Reporting for Not-for-Profits: Avoiding the Headaches and Heartaches ...........................4.............G-1, I-1

ARNP ..............Accounting and Reporting for Not-for-Profits: Issues and Answers ............................................................8.............G-2, I-2

AST1 ...............Surgent McCoy's Basic Audit Staff Training – Level I ................................................................................16............A-21

AST2 ...............Surgent McCoy's Experienced Audit Staff Training – Level II ....................................................................16............A-22

AST3 ...............Surgent McCoy's Beginning In-Charge Training – Level III........................................................................16............A-22

AST4 ...............Surgent McCoy's Experienced In-Charge Training – Level IV ...................................................................16............A-23

ATFB ...............Advanced Technical Tax Forms Training – LLCs, S Corporations, and Partnerships .................................8.............T-3

ATFI ................Advanced Technical Tax Forms Training – Form 1040 Issues....................................................................8.............T-3

ATKN...............The Essential Audit Toolkit: Best Practices for Smaller Entities ..................................................................8.............A-8

AUU4 ..............Annual Auditing Update...............................................................................................................................4.............A-2

AWP4..............Critical Things to Know for an Effective and Efficient Financial Statement Audit ........................................4.............A-7

AWPD .............Surgent McCoy's Audit Workshop: Best Practices in Planning and

Designing a High-Quality and Profitable Audit.......................................................................................8.............A-21

BCP4...............S Corporation, Partnership, and LLC Tax Update.......................................................................................4.............T-24

BCPE ..............The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy .................8.............T-5

BFT4 ...............Federal Tax Update.....................................................................................................................................4.............T-13

BFTU...............The Best Federal Tax Update Course by Surgent McCoy ..........................................................................8.............T-4

BIT4 ................Individual Income Tax Update .....................................................................................................................4.............T-17

BITU................The Best Individual Income Tax Update Course by Surgent McCoy ..........................................................8.............T-5

BsB4 ..............Critical Tax issues in Buying and selling a Business ...........................................................................4.............T-10

BTBB...............The Top 50 Business Tax Mistakes Practitioners Make and How to Fix Them ...........................................8.............T-31

BTP4 ...............Partnerships and LLCs: Avoiding Common Pitfalls Facing Practitioners ....................................................4.............T-22

BTPS...............Make Money for You and Your Clients: Surgent McCoy's Top Business Tax Planning Strategies..............8.............T-19

BTS4 ...............Key Partnership and S Corporation Tax Planning Strategies......................................................................4.............T-18

CAM4..............Corruption and Asset Misappropriation schemes: The Top 25 Tips on

How to Prevent and detect illegal Acts by employees and Third Parties......................................4.............A-6, i-5

CBE4...............Choosing the Best Entity Structure .............................................................................................................4.............T-6

CBES ..............Choosing the Best Entity Structure Under the Tax Law in 2013 .................................................................8.............T-6


Index

Alphabetical Listing by Acronym

IB-1


CCCB..............Fraud: Catching the Crooks Who Cook the Books .....................................................................................8.............A-14, I-10

CGLB ..............The Complete Guide to Liquidation of Business Entities ............................................................................8.............T-7

CGPT ..............The Complete Guide to Payroll Taxes and 1099 Issues .............................................................................8.............I-3, T-7

CIRA ...............Complete Strategies for Maximizing Contributions, Rollovers,

Distributions, and Estate Planning of IRAs, SIMPLEs, SEPs, and Roths...............................................8.............T-8

CMCT..............OCBOA: Preparing and Reporting on Cash, Modified Cash, and Tax Basis Financial Statements..............8.............A-16

CMS4 ..............Protecting You and Your Company from Corruption and Misappropriation Schemes.................................4.............A-18, I-14

CMT4 ..............Preparing OCBOA Financial Statements: Cash, Modified Cash, and Tax Basis ........................................4.............A-17

CONs..............Construction Contractors: Critical Accounting, Auditing, and

Tax issues in Today’s environment ...................................................................................................8.............A-5, i-4

CPe4...............should Client expenditures be Capitalized or expensed?

A guide to the New iRs Regulations .................................................................................................4.............T-25

CRAU..............Compilations and Reviews: Engagement Performance and Annual Update ..............................................8.............A-4

CRU4 ..............Compilation and Review Guide and Update ...............................................................................................4.............A-4

DRMM.............Determining How Much Money You Need to Retire, and Tax Ideas

and Money Management in Retirement .................................................................................................8.............T-10

ERA4...............Reviewing Financial Statement Audit Workpapers: The Most

Critical Quality Control Considerations...................................................................................................4.............A-19

ERAW .............Effectively and Efficiently Reviewing Audit Workpapers: The First Line of

Defense Against Deficient Audits............................................................................................................8.............A-8

ERTW .............Effective and Efficient Senior-Level Review of Individual Tax Returns .......................................................8.............T-11

ETH4...............Ethical Considerations for CPAs .................................................................................................................4.............A-9

EXIB................Hot IRS Tax Examination Issues for Individuals and Businesses ...............................................................8.............T-15

EXT4 ...............Ethical Considerations in Your Tax Practice................................................................................................4.............T-12

FACT...............Comprehensive Accounting Issues of Estates and Trusts: Fiduciary Accounting and Tax Issues ..............8.............A-5, T-9

FAI4.................Fair Value Accounting: Guidance for Practitioners and CPAs in Business and Industry.............................4.............A-10, I-7

FAIR ................Fair Value Accounting: Making the Complex Issues Understandable.........................................................8.............A-10, I-7

FAN4...............Fraud in Not-for-Profit entities and governments.................................................................................4.............g-4

FANg ..............Fraud and Abuse in Not-for-Profit entities and governments: stealing from everyone ...................8.............g-4

FAUR ..............FASB Annual Update and Review: Critical Developments for All CPAs......................................................8.............A-11, I-8

FFR4 ...............Fraud and Financial Reporting: Don't Be the Next Victim ...........................................................................4.............A-14, I-10

FlO4...............The statement of Cash Flows: Preparation guidance and Presentation illustrations.......................4.............A-20, i-16

FOA4 ..............Forensic Accounting: Critical Phases of an effective Fraud investigation.........................................4.............A-13, i-9

FOAC..............Forensic Accounting: A Comprehensive guide to Conducting Financial Fraud investigations.......8.............A-13, i-9

FRFs...............Financial Reporting Framework for small and Medium-sized entities ...............................................8.............A-11

Fsd4...............Financial statement disclosures: guide to Current Requirements and developing issues .............4.............A-12

FUR4...............Annual FASB Update and Review ..............................................................................................................4.............A-3, I-2

GAU4 ..............Latest Developments in Government and Nonprofit Auditing 2013 ............................................................4.............G-6

gCA4 ..............gaining a Competitive Advantage: Critical skills for CFOs and Controllers .....................................4.............i-11

GIFT................Federal Estate and Gift Tax Returns – Forms 706 and 709 Workshop.......................................................8.............T-13

GNAA..............Latest Developments in Government and Nonprofit Accounting and Auditing 2013...................................8.............G-5

GNFR..............I See It! Bringing into Focus the New Clarified Auditing Standards ............................................................8.............A-15, G-5

GVAA ..............Latest Developments in Governmental Accounting and Auditing 2013.......................................................8.............G-6

HMB4 ..............Mastering Basis Issues for S Corporations, Partnerships, and LLCs .........................................................4.............T-19


Index


IB-2


HMBI ...............Surgent McCoy's Handbook for Mastering Basis, Distributions, and

Loss Limitation Issues for S Corporations, LLCs, and Partnerships.......................................................8.............T-29

HTOF ..............From Hiring to Firing and everything in Between: legal, Tax, and Health Care issues ....................8.............i-11, T-14

IEFP ................The Best Income Tax, Estate Tax, and Financial-Planning Ideas of 2013 ..................................................8.............T-4

iFB4 ................innovative Forecasting and Budgeting: Moving Beyond the Traditional Techniques .......................4.............i-13

INB4 ................Individual Income Tax Return Mistakes and How to Fix Them....................................................................4.............T-16

INBB................The Top 50 Mistakes Practitioners Make and How to Fix Them: Individual Tax and Financial Planning ......8.............T-32

ISB4 ................IFRS for Nonissuers: What in the World Is Happening? .............................................................................4.............A-15, I-12

ISBG ...............IFRS for Smaller Entities vs. U.S. GAAP: A Study in

How the Financial Statements Look and Feel Different..........................................................................8.............A-16, I-12

ITEB ................Advanced Selected Issues for Trusts, Estates, and Their Beneficiaries .....................................................8.............T-2

iTP4 ................individual Tax Planning ideas for 2013 ...................................................................................................4.............T-17

LLPW ..............Surgent McCoy's Limited Liability Company and Partnership Tax Return Preparation Workshop .............8.............T-30

LP10................Surgent McCoy's Top 10 Tax Issues in Dealing with LLCs and Partnerships .............................................8.............T-31

MBAD..............MBA in a Day! .............................................................................................................................................8.............I-13

MFEP ..............Mastering the Fundamentals of Estate and Gift Tax Planning ....................................................................8.............T-20

MFs4 ..............Financial Reporting Fraud: The Top 25 Tips on How to Prevent and

detect executives and Managers from Manipulating Financial statements..................................4.............A-12, i-8

MSTU..............Surgent McCoy's Multistate Tax Update .....................................................................................................8.............T-30

NABB ..............The Top 50 Nonpublic Audit Mistakes Practitioners Make and How to Fix Them .......................................8.............A-24

NEXU ..............Learn to Do a Nexus Study to Build Your State and Local Tax Practice .....................................................8.............T-18

NFFi ................getting Ready for Busy season: A guide to New Forms, Filing issues, and

Other Critical developments ..............................................................................................................8.............T-15

NLE4 ...............Estate Planning: What to Do in 2013 ..........................................................................................................4.............T-12

NLEP...............What You Need to Do Now in Estate Planning Under the New Tax Law ....................................................8.............T-32

NMed .............New Medicine: Key issues CPAs Need to Know About the

Patient Protection and Affordable Care Act ......................................................................................4.............T-21

NPA4...............Accounting and Reporting for Not-for-Profits: Avoiding the Timekillers and Painkillers..................4.............g-2, i-1

NPAA ..............Latest Developments in Nonprofit Accounting and Auditing 2013...............................................................8.............G-7

OCFR..............Occupational Fraud: The Top 50 Tips on How to Prevent executives,

Managers, and employees from stealing and Not getting Caught ................................................8.............A-17, i-14

OMB4..............Critical early determinations in OMB A-133 Audits...............................................................................4.............g-3

PCTR ..............Preparing C Corporation Tax Returns for New Staff and Para-Professionals .............................................8.............T-22

PITR................Preparing Individual Tax Returns for New Staff and Para-Professionals ....................................................8.............T-23

PlFB...............CFO/Controller’s Roadmap to Organization success With integrated

Planning, Forecasting, and Budgeting..............................................................................................8.............i-3

PLPS...............The Complete Guide to Preparing Limited Liability Company,

Partnership, and S Corporation Federal Income Tax Returns ...............................................................8.............T-8

PMI4................Select Estate and Life Planning Issues for the Middle-Income Client.........................................................4.............T-24

PMIC ...............Estate and Life Planning Issues for the Middle-Income Client....................................................................8.............T-11

ReRe ..............Revenue Recognition: A New day is dawning.......................................................................................8.............A-19, i-15

RUSA ..............Reading, Understanding, and Structuring LLC and Partnership

Agreements from a CPA's Perspective..................................................................................................8.............T-23


Index


IB-3


RWFR .............Real-World Fraud: War Stories from the Front Lines ..................................................................................8.............A-18, I-15

SATC...............Surgent McCoy's Federal Tax Camp...........................................................................................................8.............T-29

SEAZ...............How to Settle an Estate for a Client from A to Z..........................................................................................8.............T-16

sORF ..............service Organization Reporting Frameworks: life After sAs 70 .........................................................8.............A-20

SRPL...............New Critical Decisions in Selecting the Best Retirement Plan for Small Businesses in 2013 ....................8.............T-21

ssR4...............Maximizing Your social security Benefits .............................................................................................4.............T-20

SSRB ..............Social Security, Medicare, and Prescription Drug Retirement Benefits:

What Every Baby Boomer Needs to Know Now....................................................................................8.............T-26

STRI................Surgent McCoy's Advanced Individual Income Tax Return Issues .............................................................8.............T-28

TAIC ................Surgent McCoy's Practical Guide to Better Substantive Testing and Auditing of Internal Controls.............8.............A-23

TCF4 ...............Controller/CFO update: Hot Topics Facing Today’s Financial Professional ......................................4.............i-4

TCFO ..............Current developments and Best Practices for Today’s CFOs and Controllers .................................8.............i-6

TCTW..............The Complete Trust Workshop! ..................................................................................................................8.............T-9

TDAP ..............Surgent McCoy's Comprehensive Guide to Tax Depreciation,

Amortization, and Property Transactions from Acquisition to Exchange or Disposition.........................8.............T-28

Tde4...............Thriving in a Chaotic economic environment: Planning and strategy

Formulation for Your Organization ....................................................................................................4.............i-16

TPGS ..............Surgent McCoy's 2013 Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs..............8.............T-26

TXCu ..............shortcuts to Tax Cuts: individual Tax, social security, and

Retirement Planning Tools and strategies........................................................................................8.............T-25

uiC4................Critical internal Control Concepts under the updated internal Control Framework .........................4.............A-6, i-5

uiCF................exploring the updated internal Control Framework: Critical Concepts in

design, evaluation, implementation, and Monitoring ......................................................................8.............A-9, i-6

YBK4...............Performing Financial Audits Under the Yellow Book ...................................................................................4.............G-8

YBYB ..............A Complete Guide to the Yellow Book.........................................................................................................8.............G-1


Index


IB-4

237 Lancaster Avenue, Devon, Pennsylvania 19333

(800) 778-7436 phone l (610) 688-3977 fax

www.surgentmccoy.com l [email protected]

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