With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a S corporation course focusing on the birth, growth, maturity, and death of a closely held S corporation. This case driven course will deal with S corporation income tax laws from formation to liquidation.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com
DESIGNED FOR
Anyone responsible for analyzing or interpreting nonprofit financial statements
BENEFITS
- Explain how properly designed and performed analytical procedures contribute to reducing audit risk
- Describe the required elements of an analytical test that must be documented to satisfy professional standards
- Describe the most common financial statement analytics used to interpret the financial results of a nonprofit
- Common ratios and trends to assess liquidity, operating efficiency, leverage, and more
HIGHLIGHTS
- How to leverage preliminary and substantive analytic procedures to improve the effectiveness and efficiency of financial statement audits
- The required elements of a substantive analytic procedures to address detection risk
- Tips and traps of applying an analytic approach to satisfy audit objectives
- Explaining the usefulness of analyzing diverse trends and ratios in a nonprofit environment to meet the needs of various financial statement users
- Common ratios and trends to assess liquidity, operating efficiency, leverage, and more
PREREQUISITES
None
ADVANCE PREPARATION
Familiarity with the nonprofit industry