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

FAQ – GAAP Financial Statements (FAQG4)

4-Hour Program

WHY ATTEND THIS COURSE?

This program uses a question and answer format to discuss real practice questions that have been raised by Loscalzo clients.

DESIGNED FOR...

Practitioners in public practice and industry.

OBJECTIVE

Participants will be able to:

  • Recognize frequently encountered issues with U.S. GAAP financial reporting
  • Learn proper U.S. GAAP application

MAJOR SUBJECTS

  • Cash and cash equivalents
  • Purchase/supply commitments
  • Capitalized costs
  • Fair value
  • Investments in closely-held entities
  • Consolidation issues
  • Debt costs
  • Asset retirement obligations
  • Equity transactions
  • Current revenue recognition

COURSE ACRONYM: FAQG4

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Accounting

RECOMMENDED CPE CREDIT: 4 hours


Qualifies for the 24-hour Yellow Book requirement if an 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 and 4-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.