Best Practices for Accounts Payable

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Accounting | Auditing
  • Author/Speaker: Lanford Publishing
Course ID: Advanced Preparation: Experience Level:
LP-303.S None Overview
Published Date: Program Prerequisites: Other Course Formats:
© February 2021 Basic Understanding of Accountancy Self-Study eBook
COURSE DESCRIPTION

With the complexity of a fast-paced business environment and continued emphasis by regulators on preventing and detecting improper financial reporting, CPAs must remain current regarding the accounting guidance and regulations affecting their daily functions and professional responsibilities.

This course will consider several areas of accounting and auditing guidance and resources. The FASB’s Accounting Standards Codification is the source of U.S. GAAP to be applied to nongovernmental entities. The content and organization of the Codification will be reviewed for CPAs to effectively access and research the proper accounting standards. The sections of the Sarbanes-Oxley Act addressing oversight, the Public Company Accounting Oversight Board and internal controls over financial reporting will be reviewed along with the auditing standards issued by the PCAOB. The activities of the Private Company Council and the guidance issued by the Council will also be outlined.

Topics include:
  • Accounting and auditing guidance and resources
  • FASB’s Accounting Standards Codification
  • Sarbanes-Oxley Act

 

Learning Objectives:

After reading the course material, you will be able to:

  • Recognize the importance of the internal control and corporate governance provisions of the Sarbanes-Oxley Act.
  • Identify the reference format used in the FASB’s Accounting Standards Codification.
  • Identify the auditing standards issued by the PCAOB.
  • Recognize the importance of the internal control and corporate governance provisions of the Sarbanes-Oxley Act.
  • Identify the standard-setting process for private companies.

 

Who Should Attend:
  • All Certified Public Accountants (CPAs)

 

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA