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

GAAP for the CPA (GAAPC)

8-Hour Program

WHY ATTEND THIS COURSE? 

The complexity of U.S. GAAP continues to present challenges for the CPA. Constant changes to existing standards present major challenges and often result in more confusion than clarity. This program is specifically tailored to the CPA and covers the ins and outs of troublesome areas in existing U.S. GAAP, including income taxes, other comprehensive income, cash flows, fair value, impairments, and other common issues encountered by CPAs, with emphasis on U.S. GAAP alternatives promulgated by the Private Company Council. The course includes numerous practical examples, and participants will have the opportunity to work out the mechanics of complex standards during the seminar.

DESIGNED FOR...

CPAs preparing financial statements.

This course provides answers to some of the more complicated accounting issues facing the CPA.

OBJECTIVE

Participants will be able to:

  • Explain the accounting for specific U.S. GAAP requirements
  • Apply troublesome pronouncements

MAJOR SUBJECTS

  • Effects of the 2017 Tax Cuts and Jobs Act on accounting for income taxes and disclosures
  • Income taxes
  • Other comprehensive income
  • Cash flows
  • Fair value accounting
  • Impairments
  • Variable interest entities
  • Interest rate swaps
  • Guarantees
  • Concentrations
  • U.S. GAAP alternatives for privately held companies
  • New revenue recognition guidance, lease accounting, and financial instruments standards

COURSE ACRONYM: GAAPC

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES: 

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Accounting

RECOMMENDED CPE CREDIT: 8 hours


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

  • GAAP for the CPA (GAAPC)
  • Accounting for Income Taxes (AIT2)
  • Statement of Cash Flows (SCF2)

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.