Professional Development and Event Catalog

FAQ - Accounting and Auditing

This program hits the mark by reviewing real issues and questions asked prior to the session by accountants who are past attendees of our seminars. The course covers "live" issues dealing with accounting and disclosures, preparation services, compilations, reviews, and audits. This course lends practical solutions to issues that may confront those in practice.

Equity Compensation Accounting

Public and private companies with stock options and restricted shares generally make equity-based, non-cash payments to employees and directors as part of their compensation or to suppliers as payment. This course provides an accounting resource for companies making equity-based payments and illustrates the financial statement impact of equity-based payments. ASC 718, Compensation-Stock Compensation, provides accounting guidance for sharebased payment transactions with employees and for non-employee payment transactions, such as to members of the Board of Directors or to suppliers.

New Rules for Research & Experimentation Deduction (Section 174) --- What the CPA Needs to Know NOW!!!

This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs.  Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Accountant's Liability: Balancing Risk and Reward

Help protect your firm against malpractice lawsuits - and earn 4 hours of CPE credit, plus up to a 10% premium credit each year for three years if your professional liability insurance is with CNA. Premium credit is based upon the percentage of accounting professionals in your firm that attend. Firms who enroll with CNA after attending the risk management seminar will also be eligible for the premium credit. "Which clients should I engage with?" "What services will I provide?" "How will I deliver those services?" Every decision a CPA makes, and every action a CPA takes, has risk implications. The benefits of each decision made must be balanced with its professional liability risk. In this course, you'll learn how to identify and evaluate the risk implications of your decisions and learn strategies to respond based on your firm's level of risk tolerance.

Accountant's Liability: Balancing Risk and Reward

Help protect your firm against malpractice lawsuits - and earn 4 hours of CPE credit, plus up to a 10% premium credit each year for three years if your professional liability insurance is with CNA. Premium credit is based upon the percentage of accounting professionals in your firm that attend. Firms who enroll with CNA after attending the risk management seminar will also be eligible for the premium credit. "Which clients should I engage with?" "What services will I provide?" "How will I deliver those services?" Every decision a CPA makes, and every action a CPA takes, has risk implications. The benefits of each decision made must be balanced with its professional liability risk. In this course, you'll learn how to identify and evaluate the risk implications of your decisions and learn strategies to respond based on your firm's level of risk tolerance.

Basic Staff Training - Level 1

Finance and Innovation

Innocation drives economic growth. The key to reigniting the America economy is reigniting innovation. Innovation can be fostered, nurtured, encourage and sustained by our companies and organizations. Innovation is not soley the purview of marketing, sales, service or production. Financial managers can create organizations that thrive on innovation or kill new ideas. They may choose to develop and maintain the status quo. Truly innovative finance professionals provide new, more meaningful and actionable information to all employees.

K2's Securing Your Data - Practical Tolfor Protecting Information

Security is not optional and yesterday’s security techniques are not working to minimize today’s security threats. Therefore, now is the time for you to tune up what you know about protecting sensitive data.  In this program, you will learn about the latest tools and techniques for securing your data, including encryption, virus protection, secure communications, electronic signatures, secure authentication, and more.  You will also learn how to implement a very practical, five-step approach to securing your PC and the types of questions you should be asking of your staff to ensure server-based information remains protected. Extensive demonstrations will be used by your K2 instructor to teach the techniques and concepts presented.Security failures, such as a breach of client or customer data, are costly – they can even drive your company out of business. What are the security tools you need and how do you use them to secure your sensitive data and systems? Can you afford to take the risk of attempting to manage today’s threats by using yesterday’s techniques? Participate in this program to learn how you can implement viable and practical solutions to mitigating today’s security threats.

K2's Small Business Accounting Shootout

The market for accounting solutions designed for small businesses has never been better! From traditional desktop applications to newer Cloud-based solutions, small businesses have affordable options available today that were unthinkable for many just a few years ago. In this seminar, you will learn about these options and receive the benefit of an unbiased comparison of many of today’s leading solutions, helping you to make an informed decision about the future direction of your accounting platform.Solutions from companies such as Intuit, Sage, Xero, and Wave will be reviewed and compared to help you decide whether you should remain with your current platform or perhaps switch to a different one. Additionally, various third-party add-ins will be covered to help you make informed decisions about issues such as automated data entry, sales tax processing, reporting, and business intelligence. In sum, if you are the least bit curious about the accounting options available for smaller businesses, this is the most critical session in which you will participate this year.

K2's Technology Update

Are you ready to learn about the latest trends in technology? Do you sometimes feel lost in the technology jungle? Would you like clear guidance regarding Windows, Office, the Cloud, security, and other technology-related issues? If you answered “yes” to any of these questions, then make plans now to invest four hours in this fast-paced and highly informative seminar that is sure to ramp up your return on technology investment.The technology tools available to businesses have never been better, but many are not taking full advantage of these tools. This course helps professionals, at all levels, understand the major trends in hardware, software, and services and how to utilize these tools to meet organizational objectives both efficiently and effectively. More than just a seminar on the latest computers, you will learn about the full spectrum of practical technology available to you and your team and how to implement these tools for maximum impact.

Revenue Recognition: Satisfying Performance Obligations and Special Considerations

This course addresses step five of the five-step process for revenue recognition under FASB ASC 606, Revenue from Contracts with Customers. Step five deals with identifying when the transfer of control occurs under FASB ASC 606 and whether a performance obligation is satisfied at a point in time or over time. This course also moves beyond step five to address special considerations, such as licensing, warranties and principal versus agent determinations. In addition to these specialconsiderations, this course also deals with identifying requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers.

K2's Testing and Auditing Excel Workbooks

Excel errors continue to plague organizations of all sizes and as spreadsheets become ever-more common, the effects of these errors will continue to impact virtually every Excel user and those who rely on Excel-based data and analyses. Fortunately, that need not be the case because many options exist to prevent, identify, and correct spreadsheet errors before they adversely affect reports and decision-making processes. In this session you will learn how to apply best practices to reduce the error rate in workbooks that you and others on your team create and edit. Equally important, you will learn how to take advantage of add-ins for Excel that can programmatically scan and audit your spreadsheets to identify potentially disastrous errors while there is still time to correct them. You do not want to miss this opportunity to learn how tools such as PerfectXL, ClusterSeven, and ActiveData can help you and your team to identify and correct potentially disastrous spreadsheet errors.

Understanding the COSO Framework for Internal Controls

Internal controls over financial reporting are used to prevent, detect, and correct misstatement. They also help to reduce the chance that fraud will occur. The auditor is required to obtain an understanding of an entity's controls as part of the risk assessment process. This workshop will provide participants with an opportunity to explore the design of controls over the significant systems typically found in a small and medium-sized client through the use and understanding of the COSO framework.

K2's Top PDF Features You Should Know

Stop struggling with PDFs! Using Adobe Acrobat, and other PDF tools, provides access to a number of features, which make working with these common files a breeze. In this course, you will learn how to use tools and features, such as PDF forms, redaction, converting PDFs to Word and Excel files, electronic signatures, creating and applying tick marks, building indices and catalogs, portfolios, and securing PDF documents, to their fullest in order to work more effectively and efficiently with PDF documents.The popularity and usefulness of PDFs increases daily, but most PDF users have not learned how to manipulate PDF documents effectively. Accordingly, they struggle and strain with these very common files. You do not need to let this be the case. Join us in this very timely program where you will learn the top features necessary to optimize your work with PDF documents.

K2's Working Remotely - The New Normal

Whether by choice or necessity, many team members now find themselves working remotely. In this new normal, questions abound surrounding remote access to desktops and data, security, communications, collaboration, and other considerations. When implemented correctly, remote work strategies can be a “win-win” for all involved; on the other hand, failed implementations may lead to inefficiencies, security issues, and dissatisfied team members.In this session, you will learn today’s best practices for working remotely. Specifically, you will learn about various remote access tools available to you, communication and collaboration options, and security best practices. You will also learn about the need to manage and monitor workflows in remote work environments and tools that you can use for that purpose. After completing this session, you should be able to implement a remote work strategy that yields efficiency, security, and satisfaction to all involved.

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

The effective date of FASB ASC 606, Revenue from Contracts with Customers, is upon us! Do you know which contracts are within the scope of the standard and when revenue should be recognized at a point in time of over time? This course answers those questions by providing a basic understanding of the five-step process for recognizing revenue under FASB ASC 606. Supported by practical examples, this course addresses core principles that all CPAs need to know. Recent updates to this course include the latest guidance from FASB, industryspecific examples taken from the AICPA Audit and Accounting Guide Revenue Recognition, as well as disclosure illustrations.

Semi-Senior Staff Training - Level 2

New Rules for Research & Experimentation Deduction (Section 174) --- What the CPA Needs to Know NOW!!!

This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs.  Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The Bottom Line on the New Lease Accounting Requirements

Which leases are within the scope of FASB ASC 842, Leases, and what are thebasic accounting, financial reporting and disclosure requirements? This course addresses those questions by focusing on the basic core principles of this new major standard. Discussion includes basic identification, recognition, measurement, presentation and disclosure requirements. Case study exercises are included to illustrate application of the standard.This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.

CFO - Creating Competitive Advantage

The CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to an complete entire year of CPE with a single decision. Each day consist of a subject matter expert leading discussions about four different topics. The CFO Series features high-quality presenation and an interactive, executive level colleague-to-colleague approach with case studies, group disussions, and team exercises.