CPE Catalog & Events

Brief history of portfolio construction Smart Beta and the unpredictability of the markets Screening and Morningstar Style Boxes Screening factors Which factors are appropriate? Active vs Passive investing Tax sensitive strategies Portfolio construction considerations Summing It Up

Three Measures of Value Efficient Market Hypothesis Portfolio Value Intrinsic Value Gordon Growth Model Required Rate of Return Assumption Free Cash Flow Calculations TwoStage Intrinsic Value Model HModel Residual Income Model Shortcomings of Intrinsic Value Models

What is a Qualified Plan? 401K Plans & Key Recent Changes Solo 401K Plans 403(b) Plans IRA Based Plans SEPs & SIMPLEs RMDs for Qualified Plans Early Distributions from Qualified Plans Considerations Before Starting a Plan Summing it up

Tax basis depreciation and useful life categories HalfYear & MidMonth Conventions Special Elections StraightLine & ADS Listed Property Sec 179 Rules Bonus Depreciation & Luxury Auto Limits Sec 1231 Recapture Rules Sec 1245 Recapture Rules Sec 1250 Recapture Rules Sec 291 Recapture Rules Allowed or Allowable Planning Considerations

Sec 3101 Medicare Surtax Defined Are fringe benefits, tips, and other compensation subject to the Medicare Surtax? SE Income & the Medicare Surtax Different Entity Types & the Medicare Surtax Taxation of Social Security Income Planning Tips Taxation of Social Security

What is combined QBI? QBI Phaseout Specified Service Trade or Business Definition A formal definition of QBI What is UBIA? QBI Deductions for Rental Property Entity Considerations for QBI Deductions QBI Losses

Conceptual framework AICPA Code of Professional Conduct Independence Ethics Acts discreditable to the profession

Decision Making Theory Compensation & Employee Satisfaction What benefits do employees care about? Retirement Plan Basics Health Insurance Basics Disability Insurance Basics Life Insurance Basics Fringe Benefits Summing It Up

Legislative history American Jobs Creation Act of 2004 and changes to IRC Section 6159 Comprehensive coverage of the three main types of OIC Doubts as to collectability (DATC) Doubts as to liability (DATL) Effective tax administration (ETA) Hybrid of DATC Detailed walk-through of the process and key terms Practical solutions and success rates Various scams

Gain exclusion and tax-free reorganization planning Gain exclusion with sales of C corporation stock – Section 1202 Deferral of gain with installment reporting Gain planning with partnerships Basis planning – basis step-up at death, gifts of interests to family Restructuring the business entity – C vs. S corporation, partnerships, LLCs Real estate planning – retention vs sales, like-kind exchanges Employee stock ownership plans – special tax incentives Employee benefit planning with ownership change Taxes other than the federal income tax – state tax, estate, gift and generation-skipping taxes, and property taxes Prospects for tax law change

Overview of common investment types Typical audit risks and related audit procedures Alternative Investments Fair value disclosure, including applying the fair value hierarchy

Explain typical audit risks and special considerations related to cash and cash equivalents Identify the risk of fraud related to cash and cash equivalents Describe designing a detailed audit plan, linking assessed risk to planned procedures Techniques used to perform the audit procedures associated with auditing cash and cash equivalents Obtaining evidence related to cash and cash equivalents Case study and test yourself questions related to auditing cash and cash equivalents

New SAS Nos. 142–145 AICPA Code of Professional Conduct Updates AICPA’s proposed Statements on Quality Management Standards

Technology trends and hot topics Fair value concepts Accounting for business combinations Asset impairment accounting

Scope and overview of ASC 326 Applying ASC 326 and the CECL model Transitioning to ASC 326 Presentation and disclosure requirements of ASC 326 Auditing accounting estimates Key changes to auditing estimates due to the issuance of ASC 326

Topic 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, including presentation and disclosure requirements Performing an effective risk assessment related to revenue Common internal controls and substantive audit procedures related to revenue

Overview of the accounting related to guarantees Review of the reporting related to guarantees Examination of the disclosure requirements related to guarantees

The accounting, reporting, and disclosure requirements related to software Internal-use software arrangements Cloud and non-cloud based arrangements Software for resale Software sold to third parties ASC Topic 350-40 ASC Topic 985-20

The fair value measurement process Derivative and hedge accounting under ASC 815 Accounting and auditing considerations related to the use of the equity method of accounting under ASC 323 Accounting and auditing considerations related to investments in cryptocurrency and digital assets

Elements of inventory cost and full-absorption costing Valuation methodologies, including LIFO, FIFO, weighted average, and specific identification Obsolescence reserves Retail inventory valuation basics Physical inventory observation approach refresher Accounting issues related to consigned inventory Risk associated with and steps performed in auditing of inventories.