The Theory Behind What We Do

2 Credits: Accounting


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The Theory Behind What We Do

Course Level
CPE Credits

2 Credits: Accounting

Course Description

Understanding the foundation of accounting theory is pivotal, yet often overlooked in the modern rush of financial reporting. In today’s complex financial landscape, it’s not enough to mechanically prepare statements; one must grasp the underlying principles dating back to 1494 to ensure accuracy and relevance in financial reporting.

Enter “Accounting Theory: A Historical Perspective,” a webcast that takes you back to the roots of accounting using the FASB Conceptual Framework. This course, led by the dynamic Jeff Sailor, will not only illuminate the theory behind financial statements but also guide you in making informed decisions for both GAAP and other accounting bases. Expect an engaging learning experience with Jeff’s unique style and entertaining video parodies, ensuring you stay alert and absorb the crucial theories behind what makes financial statements informative, the fundamental elements they comprise, and the art of presenting information and disclosures effectively.

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Learning Objectives

Upon successful completion of this course, the participant should be able to:

  • Describe the origins of accounting
  • Describe what makes financial statements useful
  • Identify the elements of financial statements
  • Apply the theory for proper presentation
  • Describe the theory behind proper disclosures
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Course Specifics

Course ID
Revision Date
August 15, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Jeff Sailor Headshot

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 …