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*2009 Federal Tax Update - 10 Credit Hour Course
#5020
10 Credit Hour Course
Online Only with Downloadable Text
Danny Santucci, JD
There are no prerequisites.
Course Level
Basic
Field of Study
Taxation.
Course Description
During 2008 and at the beginning of 2009, Congress produced massive legislation to “jumpstart” the economy. This course presents the main tax provisions of seven Congressional Acts passed and enacted during this critical time. Included in these Acts are provisions for agriculture, conservation, energy, housing, and individual and business tax credits and deductions. These Acts impact taxation of individual taxpayers, farmers, servicemen and women, small business owners, and large corporations.
This course summarizes the major provisions of the new tax legislation, examining their impact on individual taxpayers, businesses, investments, and retirement plans. This presentation is designed to identify features of recent developments having special meaning to the tax practitioner and return preparer. Practical solutions to problems of the general practitioner and tax planning will be emphasized.
Course Materials
Professional Scholastics provides a 30-day money back guarantee on all self-study online programs. There are no refunds after a Final Exam has been attempted.
Cost: $95.00
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*2009 Stimulus Act Tax Provisions - 4 credit Hour Course
#7200
4 Credit Hours - Tax
Online with Downloadable Text
Danny Santucci
Objective: After reading the materials, participants will able to:
1. Analyze and apply the individual tax provisions of the American Re-covery and Reinvestment Act of 2009 (“Act”) by:
a. Determining and claiming the “Making Work Pay’ tax credit, the economic recovery payment to Social Security and SSI recipients and the EITC;
b. Listing and describing Act modifications to the 2008 Stabilization Act child tax credit provisions, the Hope credit (renamed the Ameri-can Opportunity tax credit), tuition saving accounts, the homebuyer tax credit and the low-income housing tax credit; and
c. Accounting for and computing 2009 unemployment compensation taxation, allowable qualified motor vehicle deductions, and 2009 in-dividual AMT exemption amounts.
2. Analyze and apply the business tax provisions of the American Re-covery and Reinvestment Act of 2009 (“Act”) by:
a. Discussing three changes bonus depreciation provision (§168(k)), listing dollar caps for vehicles, and identifying a special election for corporations;
b. Explaining extended §179 expensing, revised net operating loss provisions; estimated tax payments for small businesses, category additions to the work opportunity credit, and employer-provided transit and vanpool benefits under the Act;
c. Evaluating the impact of Congress's legislative response to Notice 2008-83, the new cancellation of indebtedness income election, the §1202 small business stock percentage exclusion, the reduced hold-ing period for §1374 assets and the new markets tax credit; and
d. Listing and advising clients as to the new COBRA requirements, delayed implementation 3% government contractor withholding and expand the definition of industrial development bonds.
3. Analyze and apply the energy provisions of the American Recovery and Reinvestment Act of 2009 (“Act”) by:
a. Discussing the tax benefits, limitations, and requirements of cred-its for energy property (specifically including solar electric and water heating property), alternative fuel refueling property, electric drive motor vehicles, renewable energy production, and advanced energy manufacturing projects.
b. Determining when an investment tax credit can be taken in lieu of the production tax credit; and
c. Compare and contrast prior law with the Act's expanded program for clean renewable energy bonds and qualified energy conservation bonds.
Level: Basic
Prerequisites: None
Cost: $55.00
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2008 Yellow Book Update - 16 Credit Hour Course
#6100
16 Credit Hours Auditing (Governmental)
Online Only with Downloadable Text
by Leita Hart
Objective: Course Provides a comprehensive update and review to the latest revisions in Generally Accepted Governmental Auditing Standards.
Cost: $159.00
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2009 1040 Workshop - 20 Credit Hr.Course
#5011
20 Credit Hour Course
Taxation
Online Only with Downloadable Text
Danny Santucci, JD
Objective:
To identify many "high traffic" tax issues related to Form 1040.
This course is designed for the practitioner comfortable with “high traffic” tax issues, focusing on the practical aspects of
preparing the form 1040 and related forms, including most Individual tax elements,expenses, deductions, and accounting.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Taxation. Some state boards may count credits under different categories. Contact your state board for more details.
Cost: $149.00
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2009 Easy Tax Update - 3 Credit Hour Course
#8220
3 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will be able to:
1. Discuss the various issues related to individual income taxes by list-ing the income tax rates for the various tax brackets, quoting the AMT phaseout limits and contribution limits to HSAs, and explaining the how the various individual income tax credits work, including educa-tion and energy credits.
2. Identify and discuss the key business tax issues, including bonus de-preciation, expensing, the NOL carryback period, standard mileage rates, work opportunity credit, and recent changes affecting S corpora-tions.
3. Differentiate between the various retirement plans, including con-tribution limits and phaseout limits, and review estate taxes by citing trust income tax rates and explaining how to calculate interest on es-tate tax installments.
Level: Basic
Prerequisites: None
Course Materials
Professional Scholastics provides a 30-day money back guarantee on all self-study online programs (shipping not included). Textbooks will be mailed upon purchase and availability, online review questions and Final Exam are available online at anytime. There are no refunds after a Final Exam has been attempted.
Text
For an online only course the downloadable text is found in the Digital Library. Simply go to the Digital Library under Reference Material at the bottom left hand side of your course page and select the course name to download to your computer.
Review Materials
This course has a review section that is not graded and is found in the Digital Library. The Review materials include Review questions and Review answers with feedback.
The Review questions are provided as a tool to prepare the participant for the Final Exam. Answers to the review questions are interactive(i.e., they provide on-going feedback). Review questions list page numbers that will allow you to locate relevant review information in the chapter.
Test Procedures
The examination consists of 5 multiple-choice questions per CPE credit, as our courses are based on a 50-minute hour. You can take the final exam at anytime online and have it graded immediately, and upon a score of 70% or higher be issued a certificate of completion immediately as well. The Final Exam can be found under Lessons on the top left hand side of your Course Homepage. Store your certificate in a secure location for your records. You will have 3 chances to pass each exam.
Questions?
For any questions, call Professional Scholastics at 877-661-1324. Select option 1 for questions on our courses.
Professional Scholastics, Inc.
1971 W. Lumsden Rd.
Suite #301
Brandon, Fl. 33511
Email: selfstudy@proscholastics.com
Web: www.proscholastics.com
Cost: $45.00
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2009 FASB Topics- 4 Credit Hour Course
#8120
4 Credit Hours - Accounting
Online with Downloadable Text
Steven C. Fustolo, CPA, MBA
Objectives: The purpose of this course is to inform the reader of the various changes affecting
accounting, including newly issued FASB and FASB EITF statements. Covers FASB 141,160,159,48
Level: Update
No pre-requisites.
Cost: $55.00
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2009 FASB Update - 10 Credit Hr. Course
#4110
10 Credit Hours - Accounting
Online with Downloadable Text
Steven C. Fustolo, CPA, MBA
Objectives: The purpose of this course is to inform the reader of the various changes affecting
accounting, including newly issued FASB and FASB EITF statements. Covers FASB 141,160,159,48,109,157,158 and more.
Level: Update
No pre-requisites.
Cost: $95.00
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2009 FASB,SSARS,SAS Update - 24 Credit Hour Course
#4100
24 Credit Hours
12 Accounting, 12 Auditing
Online with Downloadable Text
Steven C. Fustolo, CPA, MBA
Objective: To review recent accounting, auditing and compilation and review changes.
Author Steven Fustolo brings you up-to-date with the latest changes in accounting, compilation
and review, and auditing developments. Topics vary depending on recently issued statements
and include: • New rules on consolidation of variable interest entities • FASB 150 related to debt-equity classification •
Current financial reporting developments • Accounting for goodwill and business combinations • New SSARS No. 9 for
compilation and review • New auditing standards including SASNo. 99 related to fraud, and more. Level: Update
Cost: $149.00
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Asset Protection: Tax and Financial Aspects - 24 Credit Hour Course
#5055
24 Credit Hours - Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective: This informative course covers traditional planning tools and their utilization to protect assets. The Uniform
Fraudulent Conveyance Act, the Bankruptcy Code and various aspects of the tax law are highlighted in describing asset
protection aspects of corporations, partnerships, limited liability companies, family partnerships, trusts, retirement plans,
insurance products and other conventional tools. Special topics include: protection against lawsuits, costs of long-term
illness, divorce settlements, foreign asset protection trusts, statutory protections, homestead provisions, exempt assets,
cancellation of indebtedness taxation and marital agreements.
Level: Basic
Prerequisites: None
Cost: $189.00
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Assets, Income & Cash - 4 Credit Hour Course
#8130
4 credit hour course - Taxation
Online with Downloadable text
by Danny Santucci, JD
Objective:
To cover the income-cach cycle, wealth building, basic asset protection, protection vehicles, lawsuits
After reading the materials, participants will be able to:
1. Critique investment purposes and retirement misconceptions, and assist clients in implementing the five-step retirement process and in identifying the three basic elements of investment planning
2. Identify four types of income, from a tax perspective, to be budgeted into cash so that income-producing assets can be acquired and man-aged for an effective investment plan
3. Discover at least three means of achieving tax deferral, including like-kind exchanges, retirement plans and installment sales, and realize a double financial benefit of not only tax postponement like an "inter-est-free loan" but even possible tax elimination
4. Illustrate how to use tax credits, estimated taxes, and basic deduc-tions to effectively reduce federal income tax and thereby increase dis-cretionary income for investment purposes
5. Explain six major formats for income splitting that can benefit tax-payers by lowering overall taxes as a unit and permitting wealth and tax allocation among individuals or entities
6. Use the benefits of the $500,000 home sales exclusion, municipal bonds, divorce and separation settlements, gifts and inheritances, life insurance, fringe benefits, and Social Security to eliminate tax on real-ized gain and ordinary income
7. Clear up misconceptions about and state the main reasons for asset protection, warn clients about fraudulent transfers and structure asset protection planning transfers so that they are not fraudulent, help your client with setting goals associated with undertaking asset protec-tion measures, and explain how life insurance can be used as an asset protection vehicle.
8. Advise your clients on how the various types of entities relate to as-set protection and how the various types of joint ownership of property and various trusts directly impacts asset protection and tax liability.
9. Distinguish between the concepts of common law property, commu-nity property, and equitable and which states base distribution laws on those concepts, apply asset division principles, and demonstrate a working knowledge of premarital and post-nuptial agreements and how they can be used to advise clients on individual asset protection.
Prerequisites: None
Level: Basic
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Autos - 2 Credit Hour Course
#8185
2 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will be able to:
Identify and implement various tax vehicle depreciation (§168) and expensing (§179) methods describing their requirements and limita-tions under MACRS and make basis, business use and deduction com-putations.
Level: Basic
Prerequisites: None
Course Materials
Professional Scholastics provides a 30-day money back guarantee on all self-study online programs (shipping not included). Textbooks will be mailed upon purchase and availability, online review questions and Final Exam are available online at anytime. There are no refunds after a Final Exam has been attempted.
Text
For an online only course the downloadable text is found in the Digital Library. Simply go to the Digital Library under Reference Material at the bottom left hand side of your course page and select the course name to download to your computer.
Review Materials
This course has a review section that is not graded and is found in the Digital Library. The Review materials include Review questions and Review answers with feedback.
The Review questions are provided as a tool to prepare the participant for the Final Exam. Answers to the review questions are interactive(i.e., they provide on-going feedback). Review questions list page numbers that will allow you to locate relevant review information in the chapter.
Test Procedures
The examination consists of 5 multiple-choice questions per CPE credit, as our courses are based on a 50-minute hour. You can take the final exam at anytime online and have it graded immediately, and upon a score of 70% or higher be issued a certificate of completion immediately as well. The Final Exam can be found under Lessons on the top left hand side of your Course Homepage. Store your certificate in a secure location for your records. You will have 3 chances to pass each exam.
Questions?
For any questions, call Professional Scholastics at 877-661-1324. Select option 1 for questions on our courses.
Professional Scholastics, Inc.
1971 W. Lumsden Rd.
Suite #301
Brandon, Fl. 33511
Email: selfstudy@proscholastics.com
Web: www.proscholastics.com
Cost: $29.00
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Bankruptcy and Financial Problems - 24 Credit Hour Course
#5080
24 Credit Hours - Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective:This course will teach participants how to apply, implement, and evaluate the strategic tax aspects
of bankruptcy, property settlements, debt cancellation and foreclosure. Current perspectives on asset protection,
repossession, and bad debts are examined with an emphasis on planning considerations. The cancellation of
indebtedness income inclusion rules are examined in the context of debt forgiveness and property foreclosure.
Emphasis is given to the exceptions from income inclusion contained in §108. The tax treatment of property
repossession under §1038 is explored with detail given to the calculation of gain and received property basis.
Level: Basic
Prerequisites: None
Cost: $189.00
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Bankruptcy Tax - 2 Credit Hour Course
#8175
2 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will able to:
Analyze the 2005 Bankruptcy Act by identifying changes to the bankruptcy procedures and qualifications and comparing the three most common types of bankruptcy filings. Recommend to clients which bankruptcy filing is appropriate depending on their status as an indi-vidual or business and their ability to pay off creditors.
Level: Basic
Prerequisites: None
Cost: $29.00
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Business Communications - 10 Credit Hour Course
Course # 1014
10 CPE Credits
Communications
Online Only - Downloadable text
Available 2/09
Course Objective
To assist the user in gaining understanding of the communication process, writing and organization methods, and oral aspects of communication in business.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Communications. Some state boards may count credits under different categories. Contact your state board for more details.
Course Description
Communication as a Process
Choosing Appropriate Words
Writing Effective Sentences
Writing Paragraphs and Compositions
Planning Messages for Reader Reaction
Writing about the Routine and the Pleasant
Writing about the Unpleasant
Writing To Persuade
Writing Special Letters
Preparing Personal Resume
Writing Application Letters
The Report Process and Research Methods
Organizing Reports
Using Graphics in Reports
Writing the Report
Finishing the Report
Preparing Memorandums and Short Reports
Listening and Making Oral Presentations
New Technology in Business Communication
Cost: $95.00
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Business Communications - 3 Credit Hour Course
Course # 8140
3 CPE Credits
Communications
Online Only - Downloadable text
Available 2/09
Course Objective
To assist the user in gaining understanding of the communication process, writing and organization methods, and oral aspects of communication in business.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Communications. Some state boards may count credits under different categories. Contact your state board for more details.
Course Description
Communication as a Process
Choosing Appropriate Words
Writing Effective Sentences
Writing Paragraphs and Compositions
Planning Messages for Reader Reaction
Writing about the Routine and the Pleasant
Cost: $42.00
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Business Communications - 4 Credit Hour Course
Course # 8200
4 CPE Credits
Available 2009
Course Objective
To assist the user in gaining understanding of the communication process, writing and organization methods, and oral aspects of communication in business.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Communications. Some state boards may count credits under different categories. Contact your state board for more details.
Course Description
Communication as a Process, Writing Effectively, Listening Skills and Making Oral Presentations
New Technology in Business Communication
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Business Travel & Fringe Benefits - 4 Credit Hour Course
#8100
4 Credit Hours - Tax
Danny Santucci,JD.
Objective: This short course will provide coverage of Business Travel & Entertainment and Fringe Benefits tax planning.
Course Level
Basic
Field of Study
Taxation. Some state boards may count credits under different categories. Contact your state board for more details.
Cost: $55.00
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Comp & Review 6 Credit Hour Course
Compilation and Review Update
#7140: 6 CPEs
Steven C. Fustolo, CPA, MBA
Objective: To review selected practice issues important in compilation and review engagements.
This course consists of an accumulation of practice issues relating to compilation and review engagements that have been addressed in peer reviews, compilation and review alerts and practice bulletins.
Prerequisites: None
Level: Basic
Cost: $69.00
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Compilation and Review Update - 8 Credit Hour Course
Compilation and Review Update
#4060: 16 CPEs
Auditing
Online Only with Downloadable Text
Steven C. Fustolo, CPA, MBA
Objective: To review selected practice issues important in compilation and review engagements.
Sections I
After reading the Sections I course material, you will be able to:
· Identify the exemptions from the SSARSs
· Review the chronology of SSARSs and related interpretations that have been issued since inception
· Apply the ethics rules to controllers who seek to issue financial statements
· Understand how fraud and internal control apply to compilation and review engagements
· Apply going concern issues to the SSARSs and identify factors that could suggest there is a going concern problem
· Use OCBOA financial statements in compilation and review engagements
· Know what elements to include in a management representation letter
· Identify the numerous changes made by SSARS No. 9
· Apply the guidance of SSARS No. 10 including the expanded procedures, inquiries and other procedures related to review engagements
· Comprehend how the SSARS hierarchy is structured
· Understand the revised fraud language that must be included in an engagement letter as well as other changes found in SSARS No. 12
· Utilize the guidance of SSARS No. 13 to compilations of specified elements, accounts, or items of a financial statement
· Apply to guidance of SSARS No. 14 to compilation engagements of pro forma financial information
· Eliminate references to auditing literature found in the SSARSs
· Learn the changes to the definition of compilation and review engagements found in SSARS No. 17
· Understand the revised definition of third party and other changes made by SSARS No. 17
Sections II
After reading the Sections II course material, you will be able to:
· Use personal financial statements and prescribed forms
· Understand how to report on budgets
· List the recurring deficiencies noted in peer reviews
· Apply changes to simply the reporting process to compilation and review engagements
· Identify provisions to incorporate into engagement letters to protect the
· Accountant against liability claims
· Discuss the key changes to independence rules found in Interpretation 101-3
· Explain the third-party privity standard used among different states
· Understand the public perception of accountants in jury trials
Sections III
After reading the Sections III course material, you will be able to:
· Identify how GAAP applies to compilation and review engagements
· Understand how the rules apply to different levels of service
· Report when there are material GAAP departures
· Restrict use of a compilation and review report
· To understand what GAAP is as it relates to compilation and review engagements
· To review how SSARS provides for companies who wish to present selected disclosures
· To understand the rules for performing different levels of service
· To review how the SASs apply to the SSARSs
Cost: $85.00
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Complete Guide to Estate & Gift Taxation - 40 Credit hour Course
#5060
40 Credit Hours - Tax
Online with Downloadable text
Danny C. Santucci, JD
Objective: To understand various tax issues related to estate and gift taxation, both pre- and post-mortem.
This exceptional course encompasses all aspects of pre- and post-estate and gift taxation, including: • General overview
of estate and gift taxation • Estate administration • Manner of holding title • Forms 706 and 709 filing requirements
• Computing the federal estate and gift tax • Gross estate exclusions and deductions • Charitable gifting and valuation
• Review of family limited partnerships, life insurance, installment notes • Post-mortem administration elections, more.
Course Level
Basic
Prerequisites: None
Cost: $249.00
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Computer Security and Fraud Protection
#1020
8 Credit Hours
Computer Science
Online with Downloadable Text
Available 2/09
Objective
To help business executives and information systems/computer professionals protect the computer and the data from
a wide variety of threats. This course addresses a wide range of computer security issues. It is intended to provide
practical and thorough guidance. The emphasis is on practical guidance rather than on theory. It helps managers
improve computer security in their organizations.
Cost: $79.00
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Controller's/Practitioner's Business Tax Update - 24 Credit Hour Course
#5041
24 Credit Hours - Tx
Danny C. Santucci, JD
Objective: To review various tax issues peculiar to business taxation.
Learn the most important business and industry tax issues and developments, including: • Key cases and rulings and tax
law changes affecting businesses • Changes in depreciation, amortization, and deductible expenses • Changes in retirement
plans • New payroll and fringe benefits changes • Inflation-adjusted mileage rates and reimbursed expenses •
Late-breaking changes in the tax law, and more.
Cost: $189.00
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Corporate Tax Planning - 16 Credit Hour Course
#5040
16 Credit Hours Tax
Online with Downloadable Tax
Danny C. Santucci, JD
Objective: To provide a comprehensive guide to corporate tax planning.
Includes: Business Forms and Corporate Formation, Capitalization, Corp Principals and Employees, Fringe Benefits
Entertainment, Insurance, Retirement Plans, Nonqualified Deferred Compensation, Reorganization, S Corps
Level: Basic
Prerequisites: None
Cost: $145.00
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Corporate Taxation - 2 Credit Hour Course
#8195
2 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will be able to:
Recognize the key elements of regular corporations, explain their advantages and disadvantages, including tax treatment and tax advan-tages and disadvantages, and how to distinguish them from PSC corpo-rations.
Level: Basic
Prerequisites: None
Cost: $29.00
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Dealing with Debt and Interest - 24 Credit Hour Course
#5065
24 Credit Hours Tax
Online with Downloadable Text
Danny C. Santucci, JD
This course brings the practitioner up-to-date information on tax issues affecting interest and debt. It covers the definition
of bona fide debt, the avoidance of eq-uity and lease treatment, imputed interest rates and debt modification. The
vari-ous types of interest and their required allocation are explored and reviewed. For the economically troubled client,
special attention is devoted to debt cancel-lation, repossession, discounts, and foreclosure. The program also discusses
in-stallment sales, equity participation debt, taxable interest, and bad debts.
Level: Basic
Prerequisites: None
Cost: $189.00
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Developments in Accounting and Financial Reporting - 5 Credit Hour Course
Development in Accounting and Financial Reporting
#4050
12 Credit Hours
Accounting
Online Only - Downloadable Text
Steven C. Fustolo, CPA, MBA
Objectives: The purpose of this course is to inform the reader of the various changes affecting the accounting professional related to accounting and financial reporting. Topics include a review of selected FASB Emerging Issues Task Force (EITF) Consensus Opinions, FASB Staff Positions (FSPs), recent accounting developments affecting reporting information regarding financial performance, the statement of cash flows, fair value reporting, pensions, leases, the international convergence project, and more.
Topics include:
Sections I and II
After reading the Sections I and II course material, you will be able to:
· Discuss the requirements of FASB No. 151-160
· Learn how to apply consideration given under EITF Issue 06-1
· Account for sabbatical leave compensation under EITF Issue 06-2
· Write a disclosure required for taxes under EITF Issue 06-3
· Define an endorsement split dollar arrangement and account for its liability under EITIF Issue 06-4
· Learn the accounting for virtual joint ventures
· Understand the impact a buy-sell agreement has on FASB No. 66 accounting
· Review new FSPs issued in 2006 and 2007
Section III, Parts A through C
After reading the Section III, Parts A-C course material, you will be able to:
· List and discuss the 12 recommended principles for the Comprehensive Business Reporting Model
· Identify the formula used to compute free cash flow
· Compute the four key ratios used to analyze working capital
· Compute days sales outstanding and ADD
· Understand how core earnings is computed
· List ways in which companies recognize revenue prematurely
· Discuss common criticisms that exist with use of the statement of cash flows
· Understand the various cash flow games that are played in presenting the statement of cash flows
Section III, Parts D through N
After reading the Section III, Parts D-N course material, you will be able to:
· Discuss the changes occurring in restatements
· Realize the issues surrounding restatements and other financial reporting abuses
· Understand the depth of company pension problems and how companies’ pension liabilities have turned around in recent years
· Compare the key differences between a rules-based and principles-based system
· List the changes made or pending by both the FASB and IASB in the International Standards Convergence Project
· Distinguish between historical cost accounting and fair value accounting;
· Recognize the changes coming to FASB No. 13
· Identify FASB’s codification plans
· Compare the arguments in favor of and against Big GAAP-Little GAAP
· Apply the three steps to perform an impairment test of real estate held for use
· Account for acts of God (natural disasters), terrorist acts and insurance related thereto
· Learn to determine materiality using SAB 108 guidance.
Cost: $60.00
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Developments in Accounting and Financial Reporting - 8 Credit Hour Course
#7150
8 Credit Hours Accounting
Online with Downloadable text
Steven C. Fustolo, CPA, MBA
Objective: To discuss a variety of new developments related to accounting and financial reporting.
This course is prepared as a survey course, filled with numerous new developments affecting the
accounting profession. Topics include: • New FASB EITF consensus opinions • Recent SEC developments
• Confusing disclosures • Pending changes, and more.
Prerquisites: None
Level: Update
Cost: $85.00
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Developments in Auditing - 12 Credit Hour Course
Developments in Auditing
Course# 4080
12 Credit Hours
Auditing
Online Only - Downloadable Text
Steven C. Fustolo, CPA, MBA
Objective: To review a variety of auditing developments affecting the profession.
This course will bring you up to date with the latest auditing developments including: • Issues addressed
in the AICPA’s Audit Risk Alert•unusual reporting issues, and other auditing issues. Level: Update
General Developments
Introduction
Implications of the Current Economic Environment
Client and Employee Fraud
Review Questions and Suggested Solutions
SECTION 2:Attempting to Limit Auditor’s Liability
Big Four Report—Recommendations on Global Capital Markets and the Global Market Report
AICPA’s Top 10 Technology Issues-2008
Anti-Sarbanes Oxley Is Growing
Recurring Peer Review Comments
New Auditing Statements
Review Questions and Suggested Solutions
SECTION 3:
Accounting and Auditing in Volatile Times
Lessons from Litigation
Efficient Engagements-Reduce Time, Make More Money Without Increasing Risk
Assessing Going Concern
Advising Clients on Insurance-Auditor’s Responsibility
Auditing Lease Agreements
Practice Issues Relating to Auditing
Auditor’s Responsibility for Subsequent Events Occurring Between Completion of Audit Work and the Release of the Auditor’s Report
Reaudit Engagements
Effectively Using Dual Dating of Reports
Changing Auditors
Recent Study-Public Perception of Accountants in Jury Trials
Review Questions and Suggested Solutions
Cost: $110.00
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Developments in Auditing - 4 Credit Hour Course
Course# 8400
4 Auditing Credit Hours
Online with Downloadable Text
Steven C. Fustolo, CPA, MBA
Objective: To review a variety of auditing developments affecting the profession.
This course will bring you up to date with the latest auditing developments including: • Issues addressed
in the AICPA’s Audit Risk Alert • unusual reporting issues, and other auditing issues.
Level: Update
No pre-requisites
Cost: $55.00
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Employee Compensation & Benefits - 2 Credit Hour Course
#8190
2 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will be able to:
Identify the twenty common-law rules used by the IRS to determine whether a person is an employee for purposes of FICA, FUTA and federal income tax withholding.
Level: Basic
Prerequisites: None
Cost: $29.00
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Employment Tax Law - 4 Credit Hour Course
#8150
4 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objective: To review basic employment tax law. Covers areas including: Workers Comp, Social Security, Medicare, Federal Unemployment tax, and others.
Prerequisites: None
Level: Basic
Cost: $55.00
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Essential Legal Concepts with Tax Analysis - 20 Credit Hour Course
#5076
20 Credit Hours Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective: Modern accounting practice requires familiarity with corporate legal structure, business entities, partnership
operations, contracts, property rights, employment law, divorce, consumer protection, will & trusts, and even bankruptcy
law. This course explores these specific areas with emphasis on business and accounting issues. This informal and clear
guide to the basic concepts of business law provides accountants with an excellent review of legal concepts that arise in
any tax professional’s practice.
Level: Basic
Prerequisites: None
Cost: $170.00
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Estate & Gift Taxation - 20 Credit Hour Course
#5061
20 Credit Hours - Tax
Online with Downloadable text
Danny C. Santucci, JD
Objective: To understand various tax issues related to estate and gift taxation including Financial Tax Planning, Building an Estate, Wealth preservation, Asset protection, Estate Planning.
Level: Basic
Prerequisites: None
Cost: $170.00
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Estate Planning with Business Issues - 2 Credit Hour Course
#8200
2 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will be able to:
Describe the unlimited marital deduction, its effect on the gross es-tate evaluation and the impact of stepped-up basis as they affect survi-vors and heirs. Summarize the benefits of establishing even a simple will and its control over certain assets.
Discuss the primary ways to dispose of assets using trusts and annui-ties specifying the importance of family documents to manage assets.
Level: Basic
Prerequisites: None
Cost: $29.00
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Family Tax Planning 16 Credit Hour Course
#5090
16 Credit Hours Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective: To review tax planning opportunities for families and their businesses.
This course discusses the tax ramifications of the family united and apart, including: • Transferring the family home
to family members• Planning for college • Gifting to the next generation • Compensating working family members
• Protecting the family business against the new in-law • Divorce-peculiar transactions such as allocating gain
rollovers, gain exclusions, passive loss allocation, and retirement plans, and more.
Level: Basic
Prerequities: None
Cost: $145.00
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GAAP Explained - 16 Credit Hour Course
#4070
16 Credit Hours - Accounting
Online with downloadable Text
Steven C. Fustolo, CPA, MBA
Objective: To review a variety of practice issues related to disclosures and financial reporting.
The majority of this course is presented in an easy-to-use, question-and-answer format dealing with unusual
reporting and disclosure issues such as: how do you disclose life insurance, leases, catastrophes, agreements
not to compete, etc. Includes a full section devoted to income tax basis and selected FASB financial statements.
Level: Basic
Prerequisites: None
Cost: $145.00
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Interest & Debt 2 Credit Hour Course
#8180
2 Credit Hours - Taxation
Online with Downloadable Text
By Danny Santucci, JD
Objectives:
After reading the materials, participants will able to:
1. Define “interest” and determine whether and how much is tax de-ductible.
2. Categorize deductible interest types and identify special calculation concepts and procedures by:
3. Categorize nondeductible interest types and identify provisions that through restriction create nondeductible interest.
4. Deduct interest under the cash or accrual method noting the special elections applicable to and treatment of carrying charges under §266, below-market loans, and imputed interest.
Level: Basic
Prerequisites: None
Cost: $29.00
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Making Money with Special Engagements - 12 Credit Hour Course
#4120
12 Credit Hours - Auditing
Online with Downloadable Text
Steven C. Fustolo, CPA
Agreed-Upon Procedures, Forecasts, Projects and Other Special Reporting Opportunities
Objective: To review the SSAEs and special reporting options available.
The Auditing Standards Board rewrote the rules for special reporting engagements by issuing SSAE No. 10. Accountants and
auditors have a great opportunity to increase fees by offering new types of services. This course reviews the special engagement
opportunities available to accountants, including: • Using agreed-upon procedures • Preparing forecasts and projections for closely
held businesses • Reporting on elements such as sales, compliance engagements, and more.
Level: Basic
Prerequisites: None
Cost: $110.00
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Matching Investments to Tax Savings Techniques - 16 Credit Hour Course
#5035
16 Credit Hours Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective: Knowledge of the client's assets, activities and the tax characteristics of available entities permits investment
matching for maximum after-tax return. The basic tax characteristics of the primary tax entities are explored and
analyzed. Their ability to defer, reduce and eliminate tax is examined. Client goals, purposes and risk tolerances are
determined and quanitated using the Sharp ratio. Investments and assets are then evaluated using a variety of tools
found on the Internet. Finally, investments and entities are matched to produce the best after-tax return for the client.
Level: Basic
Prerequisites: None
Cost: $145.00
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MS Office Powerpoint 2007 - 10 Credit Hour Course
Course # 1018
MS Office PowerPoint 2007 Step by Step
10 CPE Credits
Computer Science
Hard Copy Text
Course Objective
Learn to create presentations, design slides, add charts, graphs, animation, sound.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Computer Science. Some state boards may count credits under different categories. Contact your state board for more details.
Course Description
Step by step process for creating compelling visual aids for your presentation.
Cost: $95.00
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Negotiation Skills - 10 Credit Hour Course
Course # 1016
Getting to Yes - Negotiating Agreements Without Giving In
10 CPE Credits
Communications
Hard Copy Text
Available 2/09
Course Objective
Learn to apply universally accepted methods for negotiating personal and professional agreements.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Communications. Some state boards may count credits under different categories. Contact your state board for more details.
Course Description
Step by step proven strategies for coming to mutually acceptable agreements.
Cost: $95.00
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Optimizing Compensation Plans - 24 Credit Hour Course
#5095
24 Credit Hours Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective: This course examines the various ideas, methods, and techniques capable of optimizing the overall compensation
package for key employees and principals in small to medium sized businesses. Qualified and non-qualified deferred
compensation, benefit targeting, insurance programs, statutory fringe benefits, interest free loans, and investment planning
are investigated. Effective pay plans essential to attract, motivate, and retain key people are described and evaluated.
Consideration is given to indirect compensation in the form of business entertainment, expense accounts, auto use,
travel, and transportation. Equity participation is explored through stock sales, repurchase agreements, incentive stock
options, ESOTs, stock options, and bonuses. The new field of professional services is probed to provide tax, financial and
estate planning to the key executive.
Level: Basic
Prerequisites: None
Cost: $189.00
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Passive Losses - 16 Credit Hour Course
#5025
16 Credit Hours
Online with Downloadable Text
Danny C. Santucci, JD
Objective: This course addresses the practical aspects of §469 and the needed skill to handle pragmatic issues. Fundamentals
are reviewed, planning opportunities identified, creative strategies discussed and evaluated along with remaining
traditional approaches. The goal of this instructive program is to understand and solve problems under §469, with
emphasis on tax savings ideas.
Cost: $145.00
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Selected Tax Topics - 6 Credit Hour Course
#7100
6 Credit Hours Tax
Online with Downloadable Text
Danny Santucci
Objective: This short course covers the topics of Business Expenses, Business Travel and Entertainment, and Fringe Benefits
Course Level
Basic
Cost: $69.00
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Selected Tax Topics II - 6 Credit Hour Course
#7110
6 Credit Hours Tax
Online with Downloadable Text
Danny Santucci
Objective: This short course covers the topics of Marital Taxation, Divorce Transfers & Settlements, and Property Dispositions.
Course Level
Basic
Field of Study
Taxation. Some state boards may count credits under different categories. Contact your state board for more details
Cost: $69.00
Add to Cart
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Selected Tax Topics III - 6 Credit Hour Course
#7120
6 Credit Hours Tax
Online with Downloadable Text
Danny Santucci
Objective: This short course covers the topics of Corporate Taxation, S Corp, and Partnerships.
Course Level
Basic
Field of Study
Taxation. Some state boards may count credits under different categories. Contact your state board for more details.
Cost: $69.00
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Special Engagements - 4 Credit Hour Course
#8400
4 Credit Hours - Auditing
Online with Downloadable Text
Steven C. Fustolo, CPA
Objective: To review the SSAEs and special reporting options available.
The Auditing Standards Board rewrote the rules for special reporting engagements by issuing SSAE No. 10. Accountants and
auditors have a great opportunity to increase fees by offering new types of services. This course reviews the special engagement
opportunities available to accountants
Level: Basic
Prerequisites: None
Add to Cart
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Special Problems in Real Estate Taxation - 16 Credit Hour Course
#5085
16 Credit Hours Tax
Online with Downloadable Text
Danny C. Santucci, JD
Objective: This course is designed to survey selected “hot” topics having a direct impact on the property owner and
investor. The emphasis is on problem areas where the unwary beginner and expert alike can be trapped. You will learn to
identify dangers involving installment sales, imputed interest, exchanging, equity participation, condemnation, passive
loss rules, and transactions with foreign investors. Includes:Installment Sales & Time Value of Money,Mortgage Finance
Home Sales & Like-Kind Exchanges,Involuntary Conversions,Passive Loss & At-Risk Rules, REITS, Foreign Investors.
Level: Basic
Prerequisites: None
Cost: $145.00
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The Leader's Voice - 10 Credit Hour Course
Course # 1013
10 CPE Credits
Communications
Hard Copy Text
Available 2/09
Course Objective
To understand how to communicate better as a leader within an organization to increase productivity, performance, and employee morale.
Prerequisites
There are no prerequisites.
Course Level
Basic
Field of Study
Communications. Some state boards may count credits under different categories. Contact your state board for more details.
Course Description
The difference between a Leader and a manager is communication. This course will aid in learning how to communicate as a Leader. It focuses on teaching one how to:
Gain Understanding
Obtain Agreement
Motivate Employees
Move to Action
Cost: $95.00
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Understanding the New Consolidation of Variable Interest Entity Rules - 12 Credit Hour Course
#4130
12 Credit Hours - Accounting
Steven C. Fustolo CPA, MBA
Objective: To review the complexities of the new consolidation rules related to off-balance sheet (variable interest) entities.
This course is the leading authority in understanding the new highly complex consolidation rules for off-balance-sheet
entities (variable interest entities) found in FASB Interpretation No. 46. Topics include: • Determine whether and entity is a VIE
• Define types of variable interests • Who is the primary beneficiary that consolidates the VIE • Off-balance-sheet real estate entities
• How to implement the new rules, and more.
Level: Basic
Cost: $110.00
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z2009 GAAP Explained - 4 Credit Hour Course
#8300
4 Credit Hours - Accounting
Online with downloadable Text
Steven C. Fustolo, CPA, MBA
Objective: To review a variety of practice issues related to disclosures and financial reporting.
The majority of this course is presented in an easy-to-use, question-and-answer format dealing with unusual
reporting and disclosure issues.
Level: Basic
Prerequisites: None
Add to Cart
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