Accounting and Taxation
Future of Forecasting and Budgeting with Rolling Forecast
The current technology driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to manage resources and find ways to thrive and survive in this turbulent business environment.Traditional budgeting has been overtaken by ..
ChatGPT for Accountants
The introductory webinar covers what is ChatGPT?, What can it do?, the Uses of ChatGPT, Benefits for Financial tasks, and the benefits of common Financial usage. It examines the overall impact on Financial Services as well as the limitations and dangers of ChatGPT. It also introduces the second webinar in the series - Getting started in ChatGPT.Areas Covered Automated Customer Services Fraud Detection..
Federal Tax Updates, including the NEW BOI Reporting
Federal tax updates for 2024 introduce several significant changes, primarily influenced by inflation adjustments and recent legislative actions. Federal tax update classes are comprehensive and designed to ensure that all relevant stakeholders are well-informed about the latest tax changes. Covers new tax laws and regulations that are essential for individuals, professionals, business owners and anyone who..
COBIT 5 Framework: Master the Skills to Review Implementation
Designed to make IT auditors familiar with the ways the COBIT®5 Framework can be effectively integrated into the general IT Audit process. The webinar will explore the major changes incorporated in COBIT®5 and their impact on the effective execution of IT audits as well as the integration of COBIT®5 into other internationally recognized standards and frameworks, including the ISO-27001, ISO-27002, ISO-27005..
Forensic Accounting: Court Approved Methods of Proof
How does a forensic accountant calculate financial losses? Federal courts have approved various ways to calculate losses ranging from the net worth method of proof to the expenditures method. Each method of proof depends on the available facts to the forensic accountant.This presentation will focus on the various court-approved methods of proof, when to use them, and how to calculate the total loss.Areas Co..
Net Operating Losses (NOLS); Federal and State Differences
Net Operating Losses (NOLs) provide businesses with a way to offset taxable income in profitable years by carrying forward losses from unprofitable years. While the federal government has specific rules for handling NOLs, each state in the U.S. may have its own set of regulations, leading to significant differences. Understanding the differences in NOL treatment at the federal and state levels allows for be..
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Internal Auditing 2024: What’s New?
In this presentation, we will explore the latest trends, regulatory changes, and emerging technologies shaping the world of internal auditing in 2024. As the global business environment becomes more complex, internal auditors must stay ahead of evolving risks, such as cybersecurity threats, ESG compliance, and financial irregularities, while leveraging new tools like AI, blockchain, and data analytics to en..
FASB Updates on Accounting Standards for Leases
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (ASC 842). This update replaces the prior lease guidance issued in 2019 and provides new and updated requirements for financial accounting and reporting for both lessees and lessors. Lessees will feel the biggest impact of this update, as they are required to recognize the vast majority..
IFRS Provisions, Contingent Liabilities and Contingent Assets
Part of this standard’s purpose is to remove any ambiguity about the rules for establishing provisions, thus trying to establish consistency in the approach while still leaving some room for judgment.It is not always an easy balancing act, but this session will help you achieve that balance.Areas Covered Scope of this standardDefinition of items specific to this standardKnow how to account..
Accounting for Managers
Managers need to assess the financial health of their department and also submit budgets. This requires a basic knowledge of accounting and budgeting. Most managers (especially first-time managers) lack this knowledge and are forced to learn it on the fly. The Accounting EquationUnderstanding the Profit/Loss Statement and Balance SheetBank ReconciliationsAccounting SoftwareBudgeting BasicsFixed vs Variable ..
Accounts Payables Internal Controls Best Practices in a Paperless Environment
We operate in a paperless environment. Internal controls are more critical in a paperless environment. During COVID-19 companies have deployed employee in remote locations. This “work from anywhere” WFA environment makes internal controls more difficult as events and activities are not performed in central locations. We must rely on technology to combine them to a central platform. Accounts payable is movin..
Basics of Forensic Accounting
Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. It's not just about the financial statements, this presentation will show you how to conduct a preliminary investigation will hel..
Collections Law
The Fair Debt Collections Practices Act was enacted to protect consumers against overly-aggressive debt collectors. While it does not apply to debts owed by one business to another, the due diligence you must follow is applicable no matter who owes you money.Background of the “debt collection” industryThe Fair Debt Collection Practices Act (FDCPA)Consumer Debt Collection - Do’s and Don’tsBankruptcy -..
Comprehensive Review of Budgeting Best Practices
This webinar will provide an overview of the best tools to transform the planning cycle into an evolutionary process, bringing tangible and intangible returns for the organization. This is the most comprehensive condensed costing best practices course available!Whether a public company, private enterprise, or a not-for-profit organization, budgeting is vitally important to any entityLearning ObjectivesSimpl..
Controller Challenges in Changing Times New Roles of Controller as Strategic Partner
The turbulent ever-changing and technology driven world of business requires changing and evolving roles for controllers. The focus is currently more on the soft side of business, rather than accounting and reporting. It is more about people pleasing, than pencil pushing. Studies have shown the controllers who want to rise in the ranks to CFO must learn to put down their pencils and master the soft skills. ..