Accounting and Taxation
In today's ever-evolving financial landscape, staying up-to-date with accounting principles is essential. Join our insightful webinar, "Mastering GAAP: Navigating New Accounting Principles and Their Impact on Borrower Financials" to demystify recent changes in accounting standards and understand their repercussions for both borrowers and lenders.Key Takeaways:Background of FASB and IASB Accounting Convergen..
This course is designed for tax professionals who want to stay up-to-date on the latest changes to the tax code. The course provides a comprehensive overview of the most important tax updates for the year 2023, including changes to tax laws, regulations, and procedures that will impact individuals and businesses.Designed to provide a comprehensive understanding of recent tax changes, this CPE course is taug..
This course focuses on the tax implications for individual and corporate clients who wish to sell their businesses. Participants will explore the various forms of business ownership and their respective tax implications, learn about tax planning strategies for different types of transactions, and gain a deep understanding of the tax impacts of asset, stock, and merger and acquisition transactions.The course..
The traditional accounting closing process has long been time-consuming and heavily reliant on manual document management. With the recent shift towards remote work and the challenges posed by COVID-19, organizations must find ways to improve the efficiency and accuracy of their accounting closing activities. In this webinar, we will explore strategies and techniques to streamline the closing process in a t..
As the number of states grow that legalize the sale of cannabis, taxpayers engaged in the production of, and/or sales of cannabis products face challenging questions about the deductibility of the company’s business expenses. In this webinar, we introduce the underlying federal income tax treatment for retailers and manufacturers of cannabis products. Finally, we discuss the general reporting rules for dedu..
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..
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..
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 ..
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..
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..
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 -..
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..
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. ..
Blockchain and cryptocurrencies such as Bitcoin have been getting headlines for years now, first because of their increasing value, and lately because of a crash in value. Yet, few business professionals can grasp the intricacies, opportunities, and challenges posed by this new technology. Millions of crypto traders are searching daily for tax professionals with expert knowledge of crypto taxation. This web..
During many years of evaluating companies there are many things that you find are not as they seem after breaking down a balance sheet, income statement or statement of cash flows. If you do not have the skills to properly analyze the companies’ financial statements, you could end up losing a large customer to bankruptcy or granting a loan and the company defaults on it. In the webinar you will learn how re..