Select a Webcast

May 02, 2018
11:00AM - 3:00PM ET

$129

June 04, 2018
11:00AM - 3:00PM ET

$129

Webcast
4
Basic
Accounting
None

Course Description

When a business buys (or otherwise obtains) an asset, it falls to the accountant to record and follow the asset through its life and eventual disposal. This multi-year activity requires the development of cost-effective accounting systems that address classification, adjustment, and disclosure. The accountant is tasked with ongoing scrutiny and adjustment of what can be hundreds--even thousands--of complex items, some of which don't even have physical substance. The design of efficient, cost-effective systems defines the art of accounting for assets; you'll learn how to achieve this and much more.

In this course--an adaptation of the first part of Steven Bragg's bestselling Accountants' Guidebook--we'll take an in-depth look at how to work within the GAAP requirements of accounting for assets and examine suggestions and techniques for navigating this complex topic with specific focus on Receivables, Investments and Inventory.



Instructor

Jeff Sailor, CPA

Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.

Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.

For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.



Course Specifics

Accounting
Jan 28, 2016
None
WC11161941
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the key requirements of accounting for receivables
  • Cite the accounting for investment transfers and the impairment of securities
  • Identify the tracking and cost accumulation systems used for inventory


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