CPE Catalog - Society of Louisiana Certified Public Accountants

Business Combinations and Investments

September 20, 2021 2:00pm - 3:00pm

Online/Webcast

1.00 Credits

Get the accounting basics for business combinations and consolidation, as well as and investments in debt and equity securities. This course addresses requirements in FASB ASC 805, Business Combinations, and FASB ASC 810, Consolidation. This course addresses requirements in FASB ASC 320, Debt Securities and FASB ASC 321, Equity Securities.Speaker - Renee Rampulla

Excel for Accounting Professionals Session 1: Tables and Named References

September 20, 2021 11:30am - 1:30pm

Online/Webcast

2.00 Credits

The first session in the series covers one of the most significant enhancements rolled out with Excel 2007, Tables. Tables are used to store data and can absolutely revolutionize our workbooks because they solve one of the biggest pitfalls Excel users have faced for over 20 years. The webcast also covers named references, which will be used throughout the series. In addition, the five most important shortcuts are explored, so that you can improve your personal productivity. The webcast is designed with time for you to work along. This hands-on workshop is an effective way to learn Excel, since you'll be completing the same exercises demonstrated by the instructor. A link will be provided, so you can download the necessary Excel files. During the session, the instructor will provide time for you to complete the exercises using your Microsoft Excel for Windows. For each topic presented, the instructor explains the topic and demonstrates it with Excel exercises. Then, the instructor provides time for you to complete many of the same exercises. Finally, the instructor demonstrates the solutions for all the exercises in the practice workbook, and then moves to the next topic. This format allows you to work along rather than just watch passively, enabling you to immediately practice the skills demonstrated.Speaker - Jeff Lenning

Shreveport Chapter: Tax Reform in Louisiana

September 20, 2021 11:30am - 1:00pm

Shreveport

1.00 Credits

Louisiana’s tax code is among the most complicated in the country, driving up rates and driving away new enterprises to other, friendlier states. In 2021, the Louisiana legislature took the first steps toward addressing this problem, by eliminating some complexity, collapsing brackets, and lowering rates. Voters will have the opportunity to decide the fate of the reform package in October. How did we get here, what, exactly, do the current reforms do, and what is the future of tax reform in Louisiana? Join us this month to hear the Pelican Institute's perspective on this – and more! September is LCPA's Month of Service.The pandemic, and now Hurricane Ida, have created a greater need for families struggling to make ends meet. You can give back to the community and help can hunger. We ask that attendees bring canned goods to the luncheon to support the Food Bank of Northwest Louisiana.

Single Audit Fundamentals Part 1: What is a Single Audit?

September 20, 2021 10:00am - 12:00pm

Online/Webcast

2.00 Credits

In this webcast we will provide background and context of a single audit engagement and help participants differentiate these engagements from traditional financial statement audit engagements. Topics included in part 1 are background and overview of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance), scope of the single audit, auditee and auditor responsibilities, and Federal agency responsibilities. It also includes single audit overview, description and characteristics of federal awards, Pass-through awards and subrecipients, and overview and use of the AICPA GAS-SA Guide.Speaker - Lindsey Oakley, Amanda Ward

Single Audit Fundamentals Part 2: Major Program Determination

September 20, 2021 1:00pm - 3:00pm

Online/Webcast

2.00 Credits

In Part 2 of the Single Audit Fundamentals Series, we will walk you through the major program determination process to help beginners understand this critical part of performing a single audit. Topics covered include considerations prior to major program determination, applying the risk-based approach for determining major programs under the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (UG or Uniform Guidance), and communications with cognizant or oversight agency for audit.Speaker - Amanda Ward, Thomas Sneeringer

Surgent's Depreciation Rules for Bonus and Section 179 Expensing

September 20, 2021 9:00am - 11:00am

Online/Webcast

2.00 Credits

The Tax Cuts and Jobs Act of 2017 has had a tremendous impact on commercial real estate, including liberalizing the depreciation provisions. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) included several provisions that allow taxpayers to revisit projects completed in earlier, more profitable years, and generate even more value. In this webinar, we will explore the impact of these important laws on commercial real estate owners and delve into what CPAs need to know. We'll also examine these opportunities to "turn back the clock," including the retroactive correction of QIP's recovery period and the option to revoke electing-out of the business interest limitation. Finally, we will review other strategies that are crucial parts of a comprehensive tax plan in 2021 and will discuss a strategic hierarchy for employing those strategies most successfully. Relevant Rev. Procs. and multiple real-life case studies will be reviewed.Speaker - Mike Tucker, Ph.D., LL.M., J.D., CPA

Surgent's Employee Stock Options: What Financial Professionals Should Know When Advising Their Clients

September 20, 2021 9:00am - 11:00am

Online/Webcast

2.00 Credits

Companies often offer stock options as an additional form of compensation to attract and retain the best talent. Used appropriately, stock options can generate significant wealth. Yet many employees are unfamiliar with how stock options work and why options serve as a valuable opportunity for employees to establish and grow their wealth. Unfortunately, employees who receive stock options are often unaware of their inherent risks. Research has shown that over 75% of employees have never exercised their stock options. Almost half of these individuals (48%), say they held off on selling their options due to fear of making a mistake. This course provides accounting and financial professionals with a broad overview of employee stock options. The webinar is designed to help participants better understand the fundamentals behind these investments and in turn, better advise their clients.Speaker - Jason Cornell

Surgent's Examining the New Lease Accounting Standard: More Than Meets the Eye

September 20, 2021 8:00am - 11:30am

Online/Webcast

4.00 Credits

Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the upcoming changes to lease accounting. In this course, we will review how to measure the lease liability and right-of-use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease remeasurement events as well as address the other major provisions of the new standard, including transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance. Lastly, the course will cover all recent updates to the originally issued guidance in Topic 842, including recent FASB guidance related to rent concessions granted in light of the COVID-19 pandemic. While Topic 842's effective date was delayed a year, your need to understand the new guidance was not. Now is the time to get up to speed on this complex new standard.Speaker - Richard Daisley, CPA

Surgent's Guide to the Topic 606 Revenue Recognition Model for All CPAs

September 20, 2021 12:00pm - 3:30pm

Online/Webcast

4.00 Credits

While 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, including recent and proposed changes to this guidance. 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 review the basis 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 as well. It will also discuss the impact on revenue recognition due to changing customer arrangements that many companies made as a result of COVID-19. Lastly, the course will discuss best practices, lessons learned, and ways to improve the recognition of revenue going forward. Even though Topic 606 is, for the most part, behind us, it is still possible to improve the processes that drive revenue recognition.Speaker - Richard Daisley, CPA

Surgent's Key Current Financial and Economic Issues Facing the Financial Executive

September 20, 2021 8:00am - 4:00pm

Online/Webcast

8.00 Credits

The course explores the challenges of the current economic trends and analyzes their impact on you as the financial executive in areas of human resource management; credit markets and banking; risk management and pandemic style disruptions; cash flow planning strategies; debt and equity mix impacts in uncertain markets; globalization of the market in times of uncertainty; retirement planning and social security funding; and acquiring distressed companies and assets. Specific recommendations and insights will be offered to you to deal with the challenges.Speaker - Frank Ryan, CPA

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent

September 20, 2021 8:00am - 4:00pm

Online/Webcast

8.00 Credits

This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated for items regarding tax reform, including 2021 stimulus bill(s).Speaker - Bob Lickwar, CPA

The Single Audit From Beginning to End - Webcast

September 20, 2021 8:30am - 4:30pm

Baton Rouge

8.00 Credits

This course is an end-to-end view of the Single Audit process, with emphasis on practical applications, and tips to make your single audits more efficient. Particular attention is devoted to the process of: Single audit planning: Gathering information about federal awards Identifying and assessing risks: Determining the major award programs Designing procedures that are responsive to risk: Determining what requirements to test Evaluating evidence: What kind and how much evidence do I need? Pending changes to the single audit requirements will also be addressed.

You have a SOC 1r report - now what?

September 20, 2021 8:00am - 12:00pm

Online/Webcast

4.00 Credits

Information is becoming more digitized, and electronic audit evidence is on the rise. With this trend, the use of SOC 1r reports in financial statement audits will become more prevalent. As a financial statement auditor (user auditor), you must obtain an understanding of the essential information contained in SOC 1r reports for the purpose of complying with GAAS in a financial statement audit. This course may also benefit user entities - management, those charged with governance, and internal auditors - as it is a user entity's responsibility to consider SOC 1r reports when assessing risks and systems of internal control. Service auditors may also find this course helpful when considering what would be of interest to user entities. This course presents, through real-world examples, the contents of each section of a SOC 1r report, highlighting key items and areas of focus, as well as high-risk areas. As a user entity or user auditor, you will be better able to identify pertinent information that affects your entity or your audit. And as a service auditor, you will be better able to recognize what users are looking for. Take this course to ensure you are considering the implications for the financial statement audit of pertinent information in the SOC 1r report, including the implications for risk assessment and tests of controls, to comply with applicable standards.Speaker - Renee Rampulla

Annual Update for Accountants and Auditors: Current and Upcoming FASB Issues

September 21, 2021 9:00am - 10:30am

Online/Webcast

1.50 Credits

This course is designed to provide an overview of recent accounting matters including FASB accounting standards updates broad and narrow issues, current FASB activities, and private company financial reporting. It covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting arenas. This course will help practitioners at all levels to remain up to date on recent accounting pronouncements and other important accounting matters. Speaker - Kurt G. Oestriecher

Annual Update for Accountants and Auditors: Revenue Recognition, Financial Instruments, Leases

September 21, 2021 1:00pm - 3:00pm

Online/Webcast

2.00 Credits

This course was designed for practitioners and their staff, whether in public accounting or business and industry. This course covers recently issued FASB accounting standard updates regarding revenue recognition, financial instruments and leases. With hands-on examples and illustrations, you will develop a deep understanding of the critical changes in the accounting guidance applicable to your practice.Speaker - Kurt G. Oestriecher

Excel for Accounting Professionals Session 2: Data Validation and Conditional Formatting

September 21, 2021 11:30am - 1:30pm

Online/Webcast

2.00 Credits

Let us ask you a question. What function do you use most? Is it the SUM function? It shouldn't be - well, at least if efficiency is your goal. This session covers the function that sums better than the SUM function for accounting professionals. In addition, we review the data validation feature, which enables us to control what a user enters into a cell. We'll discuss the conditional formatting feature, which enables us to format a cell based on its value. Lastly, we'll conclude by reviewing a technique that addresses a major pitfall of Excel. The webcast is designed with time for you to work along. This hands-on workshop is an effective way to learn Excel, since you'll be completing the same exercises demonstrated by the instructor. A link will be provided, so you can download the necessary Excel files. During the session, the instructor will provide time for you to complete the exercises using your Microsoft Excel for Windows. For each topic presented, the instructor explains the topic and demonstrates it with Excel exercises. Then, the instructor provides time for you to complete many of the same exercises. Finally, the instructor demonstrates the solutions for all the exercises in the practice workbook, and then moves to the next topic. This format allows you to work along rather than just watch passively, enabling you to immediately practice the skills demonstrated.Speaker - Jeff Lenning

Fair Value Accounting

September 21, 2021 2:00pm - 3:00pm

Online/Webcast

1.00 Credits

Get the basics of fair value accounting, reporting and disclosure, and see examples of how FASB ASC 820, Fair Value Measurement is applied. Speaker - Renee Rampulla

Intangible Assets, Goodwill, and Asset Impairment and Disposal Issues

September 21, 2021 3:30pm - 4:30pm

Online/Webcast

1.00 Credits

Get the basics of accounting and reporting for intangible assets, including goodwill, and long-lived assets. This course will help you to recognize accounting and reporting requirements under FASB ASC 350, Intangibles: Goodwill and Other, and FASB ASC 360, Property, Plant and Equipment, including financial statement presentation and disclosure.Speaker - Renee Rampulla

Lunch&Learn: Planning for Your Financial Future: What's Different Now?

September 21, 2021 11:30am - 1:10pm

Online/Webcast

2.00 Credits

With all the changes from the SECURE Act, CARES Act, and other recent changes, how do you need to adjust your financial plan? How have recent market changes affected your plan, and how do you need to pivot to make sure you reach your financial goals? Award-winning instructor Anne Oestriecher will address these concerns and present a practical approach to gaining hold of your financial future.

Surgent's Compilations, Reviews, and Preparations: Engagement Performance and Annual Update

September 21, 2021 8:00am - 4:00pm

Online/Webcast

8.00 Credits

Specifically designed for preparation, compilation, and review practitioners and their staff, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation, compilation, and review engagements. You will learn the ins and outs of applying SSARS No. 21, Clarification and Recodification, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22 and 23 by the ARSC of the AICPA. The course will perform a detailed review of the key provisions of the recently issued SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services - 2018, including reporting in a review when going concern considerations exist. Lastly, we will review what accountants must do differently in 2021 with the effective date of SSARS No. 25. Not only will this course bring you up to date on SSARS requirements and guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform these types of engagements. This course is intended to be your go-to reference for training your staff and managing your SSARS No. 21-25 services in compliance with professional, ethical, and technical requirements.Speaker - Richard Daisley, CPA