BEGIN:VCALENDAR VERSION:2.0 PRODID:-//South Carolina Association of CPAs - ECPv6.15.18//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:South Carolina Association of CPAs X-ORIGINAL-URL:https://sc.cpa X-WR-CALDESC:Events for South Carolina Association of CPAs REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/Detroit BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20250309T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20251102T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20260308T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20261101T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20270314T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20271107T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T205716Z LAST-MODIFIED:20250606T044727Z UID:10005189-1782820800-1782820800@sc.cpa SUMMARY:(SSAA578/26) Surgent's Guide to the Topic 606 Revenue Recognition Model for All CPAs DESCRIPTION:Event Description\nWhile the effective date of Topic 606 has passed for companies\, there will always be a need for a comprehensive review of the accounting related to revenue recognition\, including recently issued changes to this guidance. Whether you are looking to improve your revenue recognition processes\, benchmark your financial statement disclosures against your peer group\, or assess the impact of changes to your revenue recognition processes due to COVID-19\, this course will provide you with the information you need to apply Topic 606 in this current environment.This course will review the basic Topic 606 five-step model and provide specific implementation guidance and examples. It will cover the presentation and disclosure requirements for Topic 606\, including the private company disclosure relief available under Topic 606\, and provide disclosure examples. Lastly\, the course will discuss best practices\, lessons learned\, and ways to improve the business process when recognizing revenue going forward.Even though implementing Topic 606 is behind us\, it is still possible to improve the processes that drive revenue recognition and this course will assist you in doing that. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to understand the FASB’s new revenue recognition guidance \nObjectives\nExplain the FASB’s new revenue recognition guidance found in Topic 606 Describe the FASB’s new five-step revenue recognition model Discuss the presentation and disclosure requirements in the new standard Utilize hands-on examples and illustrations to increase your overall understanding and application of the material View feedback from public entity implementation of Topic 606 Recall best practices and areas for improvement in the recognition of revenue \nMajor Subjects\nTopic 606\, Revenue from Contracts with Customers\, including recently issued ASUs impacting Topic 606 The FASB’s new five-step revenue recognition model\, including hands-on examples and illustrations of the new guidance Presentation and disclosure requirements Accounting considerations related to COVID-19-driven changes to revenue recognition processes Lessons learned and best practices for improving business processes related to revenue recognition going forward \nInstructions\nNone URL:https://sc.cpa/event/ssaa578-26-surgents-guide-to-the-topic-606-revenue-recognition-model-for-all-cpas/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T205808Z LAST-MODIFIED:20250606T044810Z UID:10005195-1782820800-1782820800@sc.cpa SUMMARY:(SSAA503/26) Surgent's FASB Update for Small and Medium-Sized Businesses: A Practical Implementation Guide DESCRIPTION:Event Description\nThis course provides a detailed discussion on the key topics related to financial reporting. The course will focus on all recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically\, the course will review all recently issued FASB updates\, with a focus on those related to leases (ASC 842)\, and credit losses (ASC 326)\, which will impact virtually all companies. The course will address other challenging areas of accounting\, such as accounting for income taxes and for debt instruments. Lastly\, it will provide you with a comprehensive review of recent Private Company Standard-Setting activities and what is on the FASB’s technical agenda. This course is the place to go for a detailed understanding of all the goings on at the FASB that impact smaller and medium-sized companies. \nDesigned For\nSmall and medium-sized practicing CPAs and their staffs\, both in public accounting and business and industry\, controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nBe familiar with recent private company standard setting activities Review recently issued FASB Accounting Standards Updates that relate to small and medium-sized businesses Review the FASB’s recently issued lease accounting standard Understand the changes coming with the FASB’s new credit losses standard Be aware of other important practice matters Utilize hands-on examples and illustrations to increase your overall understanding and application of the material \nMajor Subjects\nPrivate company standard setting activities FASB Accounting Standards Updates (ASUs) relevant to smaller businesses Lease accounting implementation guidance ASC 326\, Credit Losses Accounting for income taxes Accounting for debt instruments \nInstructions\nNone URL:https://sc.cpa/event/ssaa503-26-surgents-fasb-update-for-small-and-medium-sized-businesses-a-practical-implementation-guide/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T205815Z LAST-MODIFIED:20250606T044813Z UID:10005199-1782820800-1782820800@sc.cpa SUMMARY:(SSAA487/26) Surgent's Construction Contractors: Accounting and Financial Reporting Issues DESCRIPTION:Event Description\nAccounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also\, construction engagements are\, in many instances\, more “dangerous” than most lines of business due to the many users of the financial statements. In this course\, we will discuss why construction accounting and financial reporting are so complex and discuss the relationship between the contractor and the surety\, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit. \nDesigned For\nPractitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information \nObjectives\nApply accounting and financial reporting standards to construction contractors \nMajor Subjects\nOverall landscape of the construction industry GAAP and recent changes affecting the construction industry The Revenue Recognition Standard and its impact on the construction industry The unique relationship between the contractor and the surety The lease FASB ASC and its impact on the construction industry \nInstructions\nNone URL:https://sc.cpa/event/ssaa487-26-surgents-construction-contractors-accounting-and-financial-reporting-issues/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T205817Z LAST-MODIFIED:20250606T044815Z UID:10005201-1782820800-1782820800@sc.cpa SUMMARY:(SSAA493/26) Surgent's Disclosure Requirements for SEC Form 8-K DESCRIPTION:Event Description\nThis course provides an overview of the disclosure requirements for SEC Form 8-K\, the broad form used to notify investors in U.S. publicly traded companies of certain events that may be important . This course provides an overview of the key disclosure requirements for several of the triggering events requiring the filing of a Form 8-K with the SEC. This course also provides information about how the Form 8-K requirements have evolved over time. \nDesigned For\nFinancial practitioners who want an overview of the disclosure requirements for a Form 8-K \nObjectives\nRecognize the overall purpose of the Form 8-K Identify the filing deadline for Form 8-K triggering events Identify triggering events that require the filing of a Form 8-K Recognize overall disclosure requirements for a Form 8-K \nMajor Subjects\nThe overall purpose of the Form 8-K Triggering events for filing the Form 8-K Filing deadline for the Form 8-K \nInstructions\nNone URL:https://sc.cpa/event/ssaa493-26-surgents-disclosure-requirements-for-sec-form-8-k/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210008Z LAST-MODIFIED:20250606T044916Z UID:10005229-1782820800-1782820800@sc.cpa SUMMARY:(SSAA573/26) Surgent's Quarterly Fraud Update (Original Air Date: 12/6/24) DESCRIPTION:Event Description\nFraud continues to be at record highs. According to NASDAQ’s Global Financial Crime Report\, fraud schemes and bank frauds led to global losses of over $485 billion. Four of the most cited frauds were customer fraud\, cybercrime\, asset misappropriation\, and bribery and corruption. From global banking giants to local charities and mom-and-pop shops\, no entities are immune from fraud\, even from their most trusted employees and leaders. It is critical for all organizations to learn fraud detection and prevention strategies to protect themselves from becoming the next fraud victims. CPAs and internal auditors must also learn how to detect fraud schemes before it’s too late. In this course\, we apply a case study approach to prepare you to spot fraud schemes that others have missed.In this quarterly fraud series\, follow our Surgent team as we explore and explain the latest fraud schemes and how accounting teams can better prevent and detect them. This course is designed to keep you up to date on the latest schemes and ways to protect your clients. \nDesigned For\nCPAs\, CFOs\, financial managers\, controllers\, and internal auditors who want to stay current on the latest fraud schemes and trends in prevention and detection methods \nObjectives\nUnderstand the latest fraud schemes Recognize red flags that could have identified the fraud scheme Understand the safeguards and controls that the entities could have used to prevent the fraud from occurring Apply the fraud triangle to gain a better understanding of the scheme \nMajor Subjects\nReview of case studies\, including the SEC X account hack\, the Starfish Transportation Inc. fraud\, and Morgan Stanley block trading leak Overview of red flags signalling fraud\, such as unusual trading patterns and inconsistent financial documentation Recommended preventative measures\, including increased whistleblower protections and regular compliance training \nInstructions\nNone URL:https://sc.cpa/event/ssaa573-26-surgents-quarterly-fraud-update-original-air-date-12-6-24/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210010Z LAST-MODIFIED:20250606T043334Z UID:10005230-1782820800-1782820800@sc.cpa SUMMARY:(SSAA435/26) Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees DESCRIPTION:Event Description\nThe effective date for ASU 2016-02\, Leases (Topic 842) is finally here. The new standard eliminates one of the largest forms of off-balance sheet accounting and requires most leases to be brought onto the balance sheet irrespective of their classification as either financing or operating. The new guidance in ASC 842 also makes other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both lessees and lessors and discusses recently issued updates to ASC 842. Now is time to get up to date on all that is going on with regard to lease accounting. \nDesigned For\nPracticing CPAs and accounting professionals in business and industry that prepare and review or audit financial statements \nObjectives\nIdentify finance lease transactions\, including both lessor and lessee perspectives Understand the proper accounting and financial reporting treatment for operating and finance leases Describe how lessor accounting is influenced by revenue recognition and measurement concepts Explain important transition issues from the current to new standards \nMajor Subjects\nOutcomes of the recent FASB and IASB Joint Project related to Leases Differentiating between accounting and reporting requirements for operating and finance leases Evaluating possible material misstatement related to lease recognition\, measurement\, presentation and disclosure \nInstructions\nNone URL:https://sc.cpa/event/ssaa435-26-surgents-lease-accounting-the-impact-of-changing-standards-on-both-lessors-and-lessees/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210127Z LAST-MODIFIED:20250606T045118Z UID:10005261-1782820800-1782820800@sc.cpa SUMMARY:(SSAA474/26) Surgent's Controllership Skills Update - Budgeting\, Forecasting\, and Big Data DESCRIPTION:Event Description\nBudgets are the vehicle for allocating resources\, measuring activities\, and identifying needed changes and improvements. An organization’s strategy is the primary driver of costs. To be effective\, the budget must be linked to strategy and long-term plans. Numerous organizations have achieved a series of short-term targets (budgets) but failed longer term\, demonstrating the lack of this necessary linkage. Forecasting\, a critical part of any successful budgeting process\, can be flawed by technical errors\, organizational structure\, or emotional forces. The establishment of a system to collect\, process\, and analyze big data can provide significant insights into the budgeting and forecasting process. An efficient system of incorporating big data and analytics into normal activities will improve management’s decision-making. This brief program offers specific actions to improve your forecasting and budgeting activities. In addition\, more advanced techniques are identified for the participant’s further review\, which can be applied throughout an organization. Good budgets effectively allocate resources\, provide information for decision-making and serve as an early warning system for unforeseen events. A poor budgeting process fosters a false sense of security\, provides inappropriate or inaccurate data\, and reinforces the status quo. Budgets are about the organization’s story\, not just the raw numbers! \nDesigned For\nPublic\, private and non-profit organizations and their members – CFOs\, CEOs\, controllers\, auditors\, and managers \nObjectives\nUnderstand all facets of the budgeting process Provide techniques to improve forecasting Demonstrate how a budget can be a vital tool for overall long-term improvement Identify immediate actions that can result in measurable benefits to an organization Understand management\, uses\, and potential benefits of big data Employ techniques for further research \nMajor Subjects\nWhy forecasts and budgets are frequently wrong: behavioral finance; improper goal setting\, games\, continuing the status quo\, traditional budgeting techniques Incorporating strategy into budgets: improving measurement systems; common errors\, developing strategies and appropriate measurements Expanding the budgeting framework: rolling forecasts; mission-based budgeting\, zero-based budgeting\, post-completion evaluations\, contingency planning\, black swan events\, identifying improvements Big data: definition\, challenges\, goals\, current uses/examples\, sources of information Analytical tools: ration analysis\, benchmarking\, Pareto analysis\, trend analysis\, regression\, simulation\, dashboards \nInstructions\nNone URL:https://sc.cpa/event/ssaa474-26-surgents-controllership-skills-update-budgeting-forecasting-and-big-data/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210209Z LAST-MODIFIED:20250606T045208Z UID:10005277-1782820800-1782820800@sc.cpa SUMMARY:(SSAA453/26) Surgent's Accounting for Litigation and Legal Contingencies DESCRIPTION:Event Description\nThis course provides an overview of the accounting and financial reporting requirements with respect to litigation. This includes distinguishing between probable\, reasonably possible\, and remote litigation outcomes as well as how to evaluate\, recognize\, measure\, and disclose litigation-related contingencies. \nDesigned For\nProfessionals interested in Accounting for Litigation and Legal Contingencies \nObjectives\nDifferentiate between probable\, reasonably possible\, and remote litigation outcomes Identify when to accrue a liability for litigation-related contingencies under ASC 450-20 Recognize the role of legal counsel in the litigation process Identify the appropriate financial statement disclosures for litigation-related contingencies \nMajor Subjects\nRecognition and measurement of legal contigencies Impact from new information Events after the date of the financial statements Recognized subsequent events \nInstructions\nNone URL:https://sc.cpa/event/ssaa453-26-surgents-accounting-for-litigation-and-legal-contingencies/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210223Z LAST-MODIFIED:20250606T043615Z UID:10005290-1782820800-1782820800@sc.cpa SUMMARY:(SSAA452/26) Surgent's Mastering Accounting for Income Taxes DESCRIPTION:Event Description\nSince its inception nearly 30 years ago\, many have continued to struggle with applying the current model for accounting for income taxes\, ASC 740. But this does not have to be you. This course will provide you with the basic knowledge necessary to understand the complexities of this challenging topic. Through discussions and use of exercises\, this course will analyze the authoritative literature to provide a thorough understanding of such topics as deferred taxes\, income tax expense\, uncertain tax positions and other classification and disclosure requirements related to income taxes. We will also explore some specialized areas of income tax accounting\, such as intra-period allocations of income tax expense and accounting for changes in tax laws and rates.In summary\, this course is the place to be to enhance your accounting for income taxes IQ. \nDesigned For\nPracticing CPAs and their staffs\, both in public accounting and business and industry — controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nIdentify and calculate the deferred tax asset or liability for an entity Determine when and how to report uncertain tax positions Calculate and report the components of income tax expense Develop appropriate disclosures Comprehend recent or proposed changes to accounting guidance for income taxes \nMajor Subjects\nThe sources of deferred tax assets and liabilities Calculating the deferred tax asset or liability Reporting income-tax expense and balance sheet items CARES Act accounting implications Defining\, analyzing\, and reporting uncertain tax positions Classification of deferred tax assets and liabilities Disclosure requirements Any recent or proposed changes to the accounting and disclosure requirements for income taxes \nInstructions\nNone URL:https://sc.cpa/event/ssaa452-26-surgents-mastering-accounting-for-income-taxes/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210229Z LAST-MODIFIED:20250606T045305Z UID:10005295-1782820800-1782820800@sc.cpa SUMMARY:(SSAA441/26) Surgent's Annual Accounting and Auditing Update DESCRIPTION:Event Description\nDesigned for accounting and attestation practitioners at all levels in both public accounting and business and industry\, this course provides a comprehensive review of recent standard-setting activities of the FASB and AICPA. In addition to providing a detailed review of SAS No. 145\, this course will bring you up to date on FASB and AICPA standards issued over the past few years\, including the 16 SASs effective since 2021 and beyond. The course also provides many hands-on examples and illustrations to help you apply the guidance in practice.On the financial front\, the course covers the 9 ASUs issued in 2023\, including ASUs covering crypto assets and leases for common control entities. In addition to a financial accounting update\, the course will discuss what you will need to do differently as you adopt new audit standards 142-149 over the next few years\, including a detailed review of the audit requirements under SAS 142. The course will also cover the key changes related to SSARS No. 25. Finally\, the course reviews the AICPA’s quality management project.In summary\, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\nReview and apply recently issued and proposed FASB and AICPA pronouncements Review and apply guidance within ASC 842\, Leases Understand SAS 142 and SAS 145 Recall and apply AICPA quality management standards (SQMS 1\, SQMS 2\, and SQMS 3) Be familiar with other important A&A practice matters you should be aware of Utilize hands-on examples and illustrations to increase your overall understanding and application of the material \nMajor Subjects\nRecently issued FASB Accounting Standards Updates\, PCC Update and items on the FASB’s Technical Agenda Leases Topic 842 Recently issued ASUs covering common control leases\, crypto assets (e.g.\, cryptocurrency)\, and income tax disclosures ASC 326: CECL Review of SAS 142 Focus on Audit Evidence Recently issued SASs and other AICPA activity SSARS No. 25 and other recently issued SSARS Detailed review of SAS 145 Other important A&A practice matters \nInstructions\nNone URL:https://sc.cpa/event/ssaa441-26-surgents-annual-accounting-and-auditing-update/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210309Z LAST-MODIFIED:20250606T045308Z UID:10005299-1782820800-1782820800@sc.cpa SUMMARY:(SSAA595/26) Surgent's Small-Business Accounting\, Audit\, and Attest Update DESCRIPTION:Event Description\nSpecifically tailored for practitioners who not only perform audits but provide other attest and nonattest services to small and medium-sized businesses\, this course is a comprehensive update covering recently issued accounting\, auditing\, and SSARS standards\, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance and will get you up to speed on the things that are most important to your smaller and medium-sized clients.This course covers recently released FASB ASUs\, AICPA Auditing Standards\, AICPA SSARSs\, and the not yet effective Statements on Quality Management Standards (SQMS). Lastly\, we will cover ongoing issues and pain points following ASC 842 becoming effective. \nDesigned For\nPractitioners at all levels who provide nonaudit and nonattest services to small and medium-sized businesses desiring to remain up to date on recent pronouncements and other standard setters’ activities and professional guidance \nObjectives\nReview recently issued accounting and non-audit attestation pronouncements\, including PCC activities Understand new guidance applicable to auditing\, SSARS\, and attest engagements Identify best practices for ASC 842 Be aware of other important AICPA guidance affecting small and medium-sized business practitioners Understand key differences in ASC 842 from ASC 840\, ongoing issues firms are experiencing\, and surprises in the now effective standard \nMajor Subjects\nSmall and medium-sized business-related ASUs\, including recent PCC activities Recently issued AICPA standards Engagement quality update Newly issued SSARS and SSAE standards SASs effective for 2024 audits and beyond \nInstructions\nNone URL:https://sc.cpa/event/ssaa595-26-surgents-small-business-accounting-audit-and-attest-update/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210314Z LAST-MODIFIED:20250606T043625Z UID:10005302-1782820800-1782820800@sc.cpa SUMMARY:(SSAA439/26) Surgent's Financial Reporting Update for Tax Practitioners DESCRIPTION:Event Description\nTax advisors will be updated on the most recently enacted legislation and IRS guidance as well as updates of recent standard-setting activities at the FASB and AICPA. To start\, the course will review the significant tax\, financial accounting\, auditing\, accounting services\, and ethics guidance issued by standard setters over the past few years. The course will also focus on the unique income tax reporting implications of recently issued accounting standards\, such as leases (ASC 842) and credit losses (ASC 326). The course then discusses the preparation of tax-basis financial statements. Lastly\, the course will dive into the unique income tax accounting considerations which arise from certain types of transactions\, such as stock-based compensation\, and review the presentation and disclosure requirements of ASC 740. \nDesigned For\nAll tax practitioners desiring to remain up-to-date on recent accounting\, reporting\, and compilation and review activities \nObjectives\nRecall recent legislation with income tax implications Recognize recently issued Accounting Standards Updates (ASUs) Understand updates to ASC 842 and ASC 326 Identify financial statement presentation and disclosure requirements under ASC 740 Remember significant standards issued by the AICPA \nMajor Subjects\nRecent standard setting and consulting activities at the FASB Proposed updates to income tax accounting and financial statement disclosures Tax basis financial statements Recently issued Statements on Auditing Standards and other audit-related hot topics \nInstructions\nNone URL:https://sc.cpa/event/ssaa439-26-surgents-financial-reporting-update-for-tax-practitioners/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210337Z LAST-MODIFIED:20250606T043721Z UID:10005320-1782820800-1782820800@sc.cpa SUMMARY:(SSAA494/26) Surgent's Disclosures of Risks and Uncertainties DESCRIPTION:Event Description\nThis course provides an overview of the disclosure requirements regarding risks and uncertainties. The disclosure requirements related to risks and uncertainties are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 275. For public business entities that file their annual and interim reports with the U.S. Securities & Exchange Commission (SEC)\, there are also additional disclosure requirements required by Regulation S-K. This course focuses on general disclosure requirements outlined in U.S. GAAP. This course also provides illustrative examples from both the GAAP implementation guidance as well as actual SEC filings from public business entities. \nDesigned For\nCPAs in need of an overview of the disclosure requirements regarding risks and uncertainties. \nObjectives\nIdentify the scope of transactions included within ASC Topic 275 Recognize when disclosure is required related to accounting estimates Differentiate between concentration areas and whether or not disclosure is required \nMajor Subjects\nRecall the general disclosure requirements relating to risks and uncertainties Be aware of the additional disclosure requirements required by Regulation S-K for public business entities that file reports with the SEC \nInstructions\nNone URL:https://sc.cpa/event/ssaa494-26-surgents-disclosures-of-risks-and-uncertainties/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210411Z LAST-MODIFIED:20250606T045406Z UID:10005323-1782820800-1782820800@sc.cpa SUMMARY:(SSAA560/26) Surgent's What You Need to Know About ASC 842\, Leases DESCRIPTION:Event Description\nIn this one-hour overview course\, we’ll review the key accounting aspects of ASC 842\, primarily from a lessee’s perspective. The course will review lease classification\, measuring and recording lease liabilities and related assets\, and subsequent accounting for both finance and operating leases. The course will also discuss transition accounting for ASC 842 and provide examples of the disclosures required under the standard. \nDesigned For\nPracticing CPAs and their staffs\, both in public accounting and business and industry — controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nComprehend and apply the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02\, Leases (Topic 842) Recall operational issues in adopting the lease accounting standard \nMajor Subjects\nASU No. 2016-02\, Leases (Topic 842) Overall lease accounting guidance Lessor Accounting 101 Detailed review of accounting by lessee Updates to the lease accounting guidance \nInstructions\nNone URL:https://sc.cpa/event/ssaa560-26-surgents-what-you-need-to-know-about-asc-842-leases/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210416Z LAST-MODIFIED:20250606T043730Z UID:10005328-1782820800-1782820800@sc.cpa SUMMARY:(SSAA456/26) Surgent's Accounting Principle Changes -- What Every CPA needs to know DESCRIPTION:Event Description\nThis course provides an overview of the accounting requirements with respect to accounting principle changes. The scope of accounting changes includes a discussion of changes in accounting principles\, changes in accounting estimates\, as well as changes of a reporting entity. A majority of the information included within this course is sourced from the requirements found within FASB ASC Topic No. 250\, Accounting Changes and Error Corrections. \nDesigned For\nAccounting professionals \nObjectives\nList the different types of accounting changes and how they affect an entity’s financial statements Differentiate between the requirements for the different types of accounting changes Identify disclosure requirements related to changes in accounting principles \nMajor Subjects\nAn overview of the accounting requirements with respect to accounting principle changes Accounting changes that can take the shape of changes in accounting principle\, changes in accounting estimates\, and changes in reporting entity The ASUs that have affected ASC topics over the last few years \nInstructions\nNone URL:https://sc.cpa/event/ssaa456-26-surgents-accounting-principle-changes-what-every-cpa-needs-to-know/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210423Z LAST-MODIFIED:20250606T043806Z UID:10005332-1782820800-1782820800@sc.cpa SUMMARY:(SSAA518/26) Surgent's Annual FASB Update and Review DESCRIPTION:Event Description\nThis course provides a detailed discussion on the key topics related to financial reporting\, though in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners\, including recently released 2024 ASUs. Specifically\, the course will review recently issued FASB standards on leases and provide an update on ASC 842 and ASC 326 post-implementation items and other hot button accounting issues\, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting. \nDesigned For\nPracticing CPAs and their staffs\, both in public accounting and business and industry\, as well as controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nBe aware of recent private company standard setting activities Review the latest FASB Accounting Standards Updates (ASUs) Understand the recently implemented lease accounting guidance found in Topic 842\, Leases Recall key provisions of recently issued FASB Updates Understand the key provisions and updates to Topic 326\, Current and Expected Credit Losses (CECL) \nMajor Subjects\nPrivate company standard setting activities Recent FASB Accounting Standards Updates (ASUs)\, including those addressing crypto assets (i.e.\, cryptocurrency) Topic 842\, Leases ASC 326: CECL \nInstructions\nNone URL:https://sc.cpa/event/ssaa518-26-surgents-annual-fasb-update-and-review/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210428Z LAST-MODIFIED:20250606T043810Z UID:10005336-1782820800-1782820800@sc.cpa SUMMARY:(SSAA442/26) Surgent's Annual Accounting and Auditing Update DESCRIPTION:Event Description\nDesigned as an all-you-need-to-know update for accounting\, auditing\, and attestation practitioners at all levels in public accounting and industry\, this course provides a comprehensive review of recent standard-setting and rulemaking activities of the Financial Accounting Standards Board (FASB)\, American Institute of Certified Public Accountants (AICPA)\, Public Company Accounting Oversight Board (PCAOB)\, and Securities and Exchange Commission (SEC).On the financial accounting front\, we will cover the FASB’s Post-Implementation Review (PIR) report for revenue recognition under ASC 606 and discuss the best practices in applying the standard and identifying any ongoing issues practitioners are experiencing with applying the standard. We will also discuss the more than a dozen ASUs the FASB has issued since the beginning of 2023 and into 2025 covering crypto assets\, disaggregated expenses\, business combinations\, and leases for entities under common control.Our focus on AICPA standards includes a detailed discussion of revamped AICPA quality management standards. The AICPA updated and modernized the standards by issuing Statement on Quality Management Standards 1\, 2\, and 3 (SQMS 1\, SQMS 2\, and SQMS 3\, respectively)\, SSARS No. 26\, and SAS 146\, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards (SAS 146). These standards\, effective December 15\, 2025\, modernize quality management standards to reflect an increased focus on risk assessment\, technology use\, and the presence of outside experts on engagements.We will also cover new rules impacting public company audits and present case studies on recent fraudulent accounting stories and best practices for detecting and preventing such frauds.In summary\, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\nReview and apply recently issued and proposed FASB\, PCAOB\, SEC\, and AICPA pronouncements; Recall and apply AICPA quality management standards (SQMS 1\, SQMS 2\, and SQMS 3) Understand the major findings of the FASB’s PIR report for ASC 606 and best practices in applying ASC 606 Be familiar with other important A&A practice matters you should be aware of Recall key provisions in SAS 146 and SSARS No. 26 Utilize hands-on examples and illustrations to increase your overall understanding and application of the material \nMajor Subjects\nRecently issued FASB Accounting Standards Updates\, PCC Update and items on the FASB’s Technical Agenda Recently issued ASUs covering common control leases\, crypto assets (e.g.\, cryptocurrency)\, and income tax disclosures Statement on Quality Management Standards: SQMS 1\, SQMS 2\, and SQMS 3 Post-Implementation Review Report for revenue recognition under ASC 606 and best practices in applying ASC 606 Fraud case studies Recently issued SASs and other AICPA activity Recently issued PCAOB standards and SEC rulemaking activities Other important A&A practice matters \nInstructions\nNone URL:https://sc.cpa/event/ssaa442-26-surgents-annual-accounting-and-auditing-update/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210431Z LAST-MODIFIED:20250606T045415Z UID:10005339-1782820800-1782820800@sc.cpa SUMMARY:(SSAA547/26) Surgent's Revenue Recognition for Long-Term Construction and Similar Contracts: Topic 606 Implementation Challenges DESCRIPTION:Event Description\nFor those entities who formerly recognized revenue under the guidance of Statement of Position 81-1\, Accounting for Performance of Construction-Type and Certain Production-Type Contracts (SOP 81-1/ASC 605-35)\, understanding the basics of Topic 606 is not enough. In order to effectively apply Topic 606\, you need a detailed understanding of how to recognize revenue over time under Topic 606’s Five-Step model.Even though Topic 606 is currently effective\, changes in business and contracts will always require the need to stay current on this topic. Now is the time to get the answers to your application questions. In this course we’ll explore Topic 606 from the perspective of entities that currently recognize revenue under SOP 81-1/ASC 605-35\, highlighting how the accounting for revenue recognition changed following the adoption of ASC Topic 606. Next\, the course will address challenging sections of the ASC 606 guidance such as identifying performance obligations and when and how you recognize revenue over time.Applying Topic 606 successfully to your long-term contracts is an ongoing exercise. This course will keep you up to date with the latest guidance and best practices in this critical area. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to understand the challenges in applying Topic 606 to entities with long-term construction projects \nObjectives\nIdentify the five steps of Topic 606’s new revenue recognition model Determine the criteria that supports recognizing revenue over time under Topic 606 Apply Topic 606’s guidance in other areas of interest to entities currently using SOP 81-1 Recall best practices and lessons learned from others implementing Topic 606 \nMajor Subjects\nTopic 606’s five-step revenue recognition model Determining whether to recognize revenue over time or at a point in time under Topic 606 Other unique considerations in applying the five-step model for entities currently using SOP 81-1 Lessons learned and best practices from entities already adopting Topic 606 \nInstructions\nNone URL:https://sc.cpa/event/ssaa547-26-surgents-revenue-recognition-for-long-term-construction-and-similar-contracts-topic-606-implementation-challenges/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210535Z LAST-MODIFIED:20250606T045516Z UID:10005363-1782820800-1782820800@sc.cpa SUMMARY:(SSAA569/26) Surgent's Principles of Financial Statement Presentation DESCRIPTION:Event Description\nThis course provides an overview of the key presentation requirements with respect to an entity’s financial statements. This includes a discussion of key principles related to an entity’s overall presentation as well as specific topics with respect to its balance sheet\, income statement\, comprehensive income\, statement of cash flows\, as well as notes to the financial statements. The course also addresses the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC). \nDesigned For\nAccounting professionals \nObjectives\nRecognize overall financial statement presentation requirements Identify requirements for discontinued operations and liquidation basis of accounting reporting Determine when certain balance sheet accounts can be offset Identify presentation requirements for the income statement and comprehensive income List the different methods used for statement of cash flow presentation Differentiate between operating\, financing\, and investing activities in the statement of cash flows Identify disclosure requirements with respect to an entity’s accounting policies Recognize the requirements regarding changes in accounting principles \nMajor Subjects\nThe key presentation requirements with respect to an entity’s financial statements ASC topics related to presentation requirements\, with a focus on ASC Topic 205\, ASC Topic 210\, ASC Topic 220\, ASC Topic 225\, ASC Topic 230\, ASC Topic 235\, and ASC Topic 250 Considerations around changes in accounting principles \nInstructions\nNone URL:https://sc.cpa/event/ssaa569-26-surgents-principles-of-financial-statement-presentation/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210618Z LAST-MODIFIED:20250606T043204Z UID:10005373-1782820800-1782820800@sc.cpa SUMMARY:(SSAA523/26) Surgent's Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses DESCRIPTION:Event Description\nA clear and concise set of proper financial statement disclosures can make or break an entity’s financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and understand\, especially for small and medium-sized businesses. Oftentimes financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading\, so these disclosures need to be well-written and follow applicable standards. This course will focus on key balance sheet and income statement disclosure as well as accounting standards related to the two largest standard updates in years\, revenue (ASC 606) and leases (ASC 842)\, accounting policies\, changes in accounting estimates and errors\, subsequent events\, going concern\, and related party disclosures. The course will use illustrations\, examples based on private company financial statements disclosures\, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards. \nDesigned For\nCPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small and medium-sized businesses \nObjectives\nUnderstand and apply the professional requirements and guidance for preparing financial statement disclosures for all entities\, including small and medium-sized businesses Identify balance sheet\, income statement\, and statement of cash flows presentation issues Review disclosure examples from all sized entities\, including small and medium-sized businesses Be familiar with developing disclosure issues\, such as those related to the adoption of new accounting pronouncements Utilize hands-on examples and illustrations to increase your overall understanding and application of the material \nMajor Subjects\nFinancial statement disclosures for small and medium-sized businesses Balance sheet\, income statement\, and statement of cash flows presentation and disclosure issues Disclosure examples from all-sized entities that you can use to base your disclosures on Developing disclosure issues\, including disclosures related to the adoption of ASC 606 and ASC 842 \nInstructions\nNone URL:https://sc.cpa/event/ssaa523-26-surgents-financial-statement-disclosures-a-guide-for-small-and-medium-sized-businesses/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210812Z LAST-MODIFIED:20250606T043230Z UID:10005383-1782820800-1782820800@sc.cpa SUMMARY:(SSAA600/26) Surgent's Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs DESCRIPTION:Event Description\nThis course provides CPAs with a comprehensive understanding of derivatives and hedging in financial management. Participants will explore the fundamentals of derivatives\, their strategic role in risk management\, and the differences between hedge accounting and traditional accounting methods. The course specifically covers fair value\, cash flow\, and net investment hedges\, and discusses their practical applications. This course also addresses hedge accounting\, including designation\, documentation\, and effectiveness testing. \nDesigned For\nCPAs interested in derivatives and hedge accounting \nObjectives\nIdentify derivatives’ strategic role in financial risk management Recognize differences between hedge accounting and traditional methods Distinguish fair value\, cash flow\, and net investment hedges in practice Determine key steps in hedge accounting: designation\, documentation\, and effectiveness testing Diffenentiate how fair value\, cash flow\, and net investment hedges mitigate financial risks \nMajor Subjects\nCommon types of derivatives Hedging vs. Speculation Market risk\, credit risk\, liquidity risk \nInstructions\nNone URL:https://sc.cpa/event/ssaa600-26-surgents-understanding-derivatives-and-hedge-accounting-a-simplified-guide-for-cpas/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T210820Z LAST-MODIFIED:20250606T043306Z UID:10005385-1782820800-1782820800@sc.cpa SUMMARY:(SSAA542/26) Surgent's Introduction to Forensic Accounting DESCRIPTION:Event Description\nForensic accounting encompasses fraud investigation and prevention\, as well as a wide variety of functions in litigation. Forensic accountants provide services ranging from serving as an expert witness\, to litigation consultant and bankruptcy trustee. As our economy grows more complex\, the need for forensic accountants grows as well. One critical role of the forensic accountant is exposing and examining financial fraud. Technology expands the way companies conduct business; however\, technology also provides greater opportunities for those willing to commit fraud. Forensic accountants rely on their skills in accounting\, coupled with their investigative skills\, to explain to clients\, courts\, and jurors how fraudulent schemes occur and the effect caused by fraud. Forensic accountants also provide expert opinions in calculating damages in litigation and administering bankruptcy estates\, as well as a host of other services. \nDesigned For\nAccountants seeking to understand the many roles and services offered through forensic accounting and accountants seeking to augment their practices and increase billables \nObjectives\nUnderstand the various roles and requirements of forensic accountants Recognize the skills that forensic accountants use in fraud investigation\, in bankruptcy proceedings\, and in litigation support roles Understand the formal training and certifications available in forensic accounting \nMajor Subjects\nReview of the different aspects of forensic accounting The civil litigation process as it relates to forensic accounting Litigation services provided by forensic accountants Fraud detection and prevention Various types of fraud Training and certifications in forensic accounting Forensic accounting in bankruptcy proceedings Forensic accounting in family law proceedings Calculating damages for use in litigation Valuations Ethical issues pertinent to forensic accounting \nInstructions\nNone URL:https://sc.cpa/event/ssaa542-26-surgents-introduction-to-forensic-accounting/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211452Z LAST-MODIFIED:20250606T043713Z UID:10005404-1782820800-1782820800@sc.cpa SUMMARY:(SSAA558/26) Surgent's ASC 606 Insights: Managing Variable Consideration and Modifications DESCRIPTION:Event Description\nThis course provides an overview of critical challenges companies encounter under ASC 606\, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes considerations relating to variable consideration and accounting for contract modifications. This course also addresses the accounting considerations related to significant financing components. \nDesigned For\nProfessionals interested in challenges to revenue recognition under ASC 606 \nObjectives\nRecognize the importance of accurate estimation of variable payments for revenue recognition Determine the effects of contract modifications on revenue recognition Determine appropriate methods for estimating uncertain payment amounts Distinguish between contracts with and without significant financing components Select the appropriate revenue recognition method for a contract modification \nMajor Subjects\nModifications to product specifications Requests for additional services Alterations in delivery timelines Constraining estimates Different types of variable payments in contracts\, including discounts\, rebates\, and bonuses \nInstructions\nNone URL:https://sc.cpa/event/ssaa558-26-surgents-asc-606-insights-managing-variable-consideration-and-modifications/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211520Z LAST-MODIFIED:20250606T043809Z UID:10005416-1782820800-1782820800@sc.cpa SUMMARY:(SSAA557/26) Surgent's Management's Discussion and Analysis - What You Need to Know DESCRIPTION:Event Description\nThis course provides an overview of the rules and regulations with respect to the management’s discussion and analysis (MD&A) section of an entity’s consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC). MD&A has been\, and continues to be\, a primary focus area of the SEC when reviewing public company filings. In fact\, it has consistently ranked in the top 10 of the most frequent comment letters issued by the SEC. \nDesigned For\nFinancial practitioners who want an overview of the objectives and focus areas related to MD&A \nObjectives\nIdentify the SEC Regulation applicable to MD&A Recognize the primary objective and focus areas related to MD&A Identify key information that should be included within a company’s MD&A Recognize the types of transactions that should be discussed in MD&A Identify methods to enhance the presentation of MD&A \nMajor Subjects\nThe overall importance of the rules and regulations with respect to the Management’s Discussion and Analysis (MD&A) section of an entity’s consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC) An overview of the SEC requirements in this area Best practices offered by the SEC Comment letter examples pertaining to this area \nInstructions\nNone URL:https://sc.cpa/event/ssaa557-26-surgents-managements-discussion-and-analysis-what-you-need-to-know/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211522Z LAST-MODIFIED:20250606T043810Z UID:10005417-1782820800-1782820800@sc.cpa SUMMARY:(SSAA488/26) Surgent's Construction Contractors: Accounting and Financial Reporting Issues DESCRIPTION:Event Description\nAccounting and financial reporting for construction contractors may be the most difficult area to comply with the various standards. Construction engagements are\, in many instances\, more complicated than most lines of business due to the many users of the financial statements. In this course\, we will discuss why construction accounting and financial reporting is so complex and examine the relationship between the contractor and the surety\, both from an underwriting and a claims perspective. We will also explore what the surety looks for to maximize potential bond credit. \nDesigned For\nPractitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information \nObjectives\nRecognize accounting and financial reporting standards relevant to construction contractors \nMajor Subjects\nOverall landscape of the construction industry GAAP and recent changes affecting the construction industry FASB ASC 606 and its impact on the construction industry The unique relationship between the contractor and the surety FASB ASC 842 and its impact on the construction industry \nInstructions\nNone URL:https://sc.cpa/event/ssaa488-26-surgents-construction-contractors-accounting-and-financial-reporting-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211534Z LAST-MODIFIED:20250606T043826Z UID:10005424-1782820800-1782820800@sc.cpa SUMMARY:(SSAA601/26) Surgent's U.S. GAAP vs. IFRS - Rev Rec & Business Combinations DESCRIPTION:Event Description\nThis course provides an overview of the similarities and key differences between the revenue recognition and business combination standards issued by the FASB and IASB. While these standards are similar in many material respects\, there are notable differences that are good to understand. However\, this course is not intended to provide an exhaustive discussion of these differences. \nDesigned For\nAccounting professionals \nObjectives\nList the key steps in the revenue recognition model Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition Identify some of the key differences between ASC Topic 606 and IFRS 15 List the key steps in the acquisition method for business combinations Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations Identify some of the key differences between ASC Topic 805 and IFRS 3 \nMajor Subjects\nDetermining the acquisition date Recognizing and measuring the identifiable assets acquired\, the liabilities assumed\, and any noncontrolling interest in the acquiree Acquisition of contingencies Noncontrolling interests Recognizing and measuring goodwill or gain from a bargain purchase Measurement period adjustments Performance obligations in the Contract Noncash considerations Presentation of sales taxes Impairment reversal of capitalized contract costs Interim disclosures \nInstructions\nNone URL:https://sc.cpa/event/ssaa601-26-surgents-u-s-gaap-vs-ifrs-rev-rec-business-combinations/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211536Z LAST-MODIFIED:20250606T043905Z UID:10005426-1782820800-1782820800@sc.cpa SUMMARY:(SSAA565/26) Surgent's Life After Adoption: Applying Topic 606 to Revenue Contracts on an Ongoing Basis DESCRIPTION:Event Description\nWhile the effective date of Topic 606 has passed for most entities\, there will always be a need for a comprehensive review of the accounting related to revenue recognition. Also\, if you are taking advantage of the FASB deferral of Topic 606’s effective date\, you are still completing your implementation plan. Whether you are looking to improve your revenue recognition processes\, benchmark your financial statement disclosures against your peer group\, or assess the impact of changes to your revenue recognition processes due to COVID-19\, this course will provide you with the information you need to apply Topic 606 in this current environment.This course will both provide the detailed review of the Topic 606 guidance\, including identifying and discussing those areas of Topic 606 implementation which were the most challenging for many entities. We will review the Topic 606 five-step revenue recognition model\, highlighting areas of nuance and significant judgment\, and focus on disclosure requirements under the new standard. Then we’ll focus on lessons learned from companies’ ongoing implementation of the new guidance\, focusing on ways to continue to enhance the recording of revenue\, the relevancy of the financial statement disclosures related to revenue\, and addressing common operational issues which arose with the adoption of Topic 606. Plus\, the course will point out the accounting impact of changes that many companies made to their revenue recognition approaches as a result of COVID-19.As public companies have already found out\, the application of Topic 606 is an evolving exercise\, with great opportunity to improve your original efforts by learning from the results of others. This course will provide the forum to do so. \nDesigned For\nPracticing CPAs and their staffs\, both in public accounting and business and industry — controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nApply the FASB’s new revenue recognition guidance found in ASC Topic 606 Describe the FASB’s new five-step revenue recognition model Discuss the presentation and disclosure requirements in the new standard Utilize hands-on examples and illustrations to increase your overall understanding and application of the material Comprehend industry and issue specific guidance related to revenue recognition Identify operational implementation issues related to adopting the new standard Recall best practices and feedback to enhance the subsequent reporting of revenue \nMajor Subjects\nASC Topic 606\, Revenue from Contracts with Customers The FASB’s new five-step revenue recognition model\, including hands-on examples and illustrations of the new guidance Presentation and disclosure requirements and examples Industry-specific implementation issues and guidance Best practices\, lessons learned and opportunities to improve on the reporting of revenue under Topic 606 going forward Accounting considerations related to COVID-19-driven changes to revenue recognition processes \nInstructions\nNone URL:https://sc.cpa/event/ssaa565-26-surgents-life-after-adoption-applying-topic-606-to-revenue-contracts-on-an-ongoing-basis/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211538Z LAST-MODIFIED:20250606T045711Z UID:10005427-1782820800-1782820800@sc.cpa SUMMARY:(SSAA476/26) Surgent's Construction Contractors: Critical Accounting\, Auditing\, and Tax Issues DESCRIPTION:Event Description\nAccounting and financial reporting for construction contractors may be the most difficult area to comply with the various standards. Construction engagements are\, in many instances\, more complicated than most lines of business due to the many users of the financial statements. In this course\, we will discuss why construction accounting and financial reporting is so complex and examine the relationship between the contractor and the surety\, both from an underwriting and a claims perspective. We will also explore what the surety looks for to maximize potential bond credit and discuss key areas of tax compliance concentrating on the areas that make construction unique. \nDesigned For\nPractitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information \nObjectives\nRecognize accounting and financial reporting standards relevant to construction contractors Identify how to effectively audit and perform review engagements for construction clients according to the standards Understand tax compliance issues unique to the construction industry and apply the latest changes \nMajor Subjects\nOverall landscape of the construction industry GAAP and recent changes affecting the construction industry FASB ASC 606 and its impact on the construction industry Unique audit and review issues with construction contractors The unique relationship between the contractor and the surety Tax compliance issues facing construction contractors Ongoing and new tax issues for construction contractors Going concern disclosures and their importance to the construction industry FASB ASC 842 and its impact on the construction industry \nInstructions\nNone URL:https://sc.cpa/event/ssaa476-26-surgents-construction-contractors-critical-accounting-auditing-and-tax-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211548Z LAST-MODIFIED:20250606T045719Z UID:10005436-1782820800-1782820800@sc.cpa SUMMARY:(SSAA517/26) Surgent's Annual FASB Update and Review DESCRIPTION:Event Description\nThis course provides a detailed discussion on the key topics related to financial reporting\, though in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically\, the course will review recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot button accounting issues\, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting. \nDesigned For\nPracticing CPAs and their staffs\, both in public accounting and business and industry\, as well as controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nBe aware of recent private company standard setting activities Review the latest FASB Accounting Standards Updates (ASUs) Understand the new lease accounting guidance found in Topic 842\, Leases Recall key provisions of recently issued FASB Updates \nMajor Subjects\nPrivate company standard setting activities Recent FASB Accounting Standards Updates (ASUs) Topic 842\, Leases ASC 326: CECL \nInstructions\nNone URL:https://sc.cpa/event/ssaa517-26-surgents-annual-fasb-update-and-review/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20260630T120000 DTEND;TZID=America/Detroit:20260630T120000 DTSTAMP:20260404T100851 CREATED:20250605T211707Z LAST-MODIFIED:20250606T045810Z UID:10005442-1782820800-1782820800@sc.cpa SUMMARY:(SSAA516/26) Surgent's FASB Update: New and Recent Accounting Standards Updates DESCRIPTION:Event Description\nDesigned for practitioners and their staff\, whether in public accounting or business and industry\, this course will provide you with an update of recently issued FASB Accounting Standards Updates (ASUs)\, and a review of the guidance related to ASC 842\, Leases. \nDesigned For\nPracticing CPAs and their staff\, both in public accounting and business and industry — controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nIdentify and apply the latest FASB Accounting Standards Updates Review key challenges related to ASC 842 implementation \nMajor Subjects\nRecently issued FASB Accounting Standards Updates Implementation issues related to ASC Topic 842\, Leases \nInstructions\nNone URL:https://sc.cpa/event/ssaa516-26-surgents-fasb-update-new-and-recent-accounting-standards-updates/ CATEGORIES:Self-Study Text END:VEVENT END:VCALENDAR