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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

FAQ – Accounting and Auditing (FAQAA)

8-Hour Program (Highly-rated Q&A format)

WHY ATTEND THIS COURSE?

This program hits the mark by reviewing real issues and questions asked prior to the session by accountants who are past attendees of our seminars. The manual includes approximately 70 “live” issues dealing with accounting and disclosures, preparation services, compilations, reviews, and audits. Get quick and practical solutions to issues that may confront you.

DESIGNED FOR...
Practitioners in public practice who need to keep on top of changing needs and current issues in the profession.

OBJECTIVE

Participants will be able to:

  • Recognize issues impacting financial statements
  • Resolve emerging practice problems
  • Address problems before they arise

MAJOR SUBJECTS

  • Accounting and disclosure issues—cash and cash equivalents, capitalized costs, investments in closely-held entities, related and affiliated entities, nonmonetary transactions, debt and equity transactions, and revenue recognition
  • Preparation, compilation, and review issues—documentation, interim reporting, special presentations and reports, special purpose framework
  • Auditing and reporting issues—inadequate accounting records, investments in closely-held entities, inventory, receivables and payables, sampling issues, and AU 265

COURSE ACRONYM: FAQAA

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • Basic audit and accounting course or experience

ADVANCE PREPARATION: None

FIELD OF STUDY: Accounting & Auditing

RECOMMENDED CPE CREDIT:

  • Accounting: 5 hours
  • Auditing: 3 hours

Section on auditing and reporting qualifies for the 24-hour Yellow Book requirement. Section on accounting and disclosure qualifies for the 24-hour requirement if auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:

  • FAQ – Accounting and Auditing (FAQAA)
  • FAQ – GAAP Financial Statements (FAQG4)

CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.