Professional Development and Event Catalog
Understanding the COSO Framework for Internal Controls
Wednesday, May 18th, 8:45am - 12:15pm
Online
4.00 Credits
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.
Equity Compensation Accounting
Thursday, May 19th, 8:45am - 12:15pm
Online
4.00 Credits
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.
K2's 2022's Biggest Security and Privacy Concerns
Thursday, May 19th, 10:00am - 1:30pm
Online
4.00 Credits
Technology is a business-critical business capability in today's day and age. Any interruption to an organization's ability to use its information system poses a significant risk to its viability. Data breaches, cyber-attacks, and ransomware are examples of the most significant existential risks facing businesses today. There are threat actors worldwide that entirely focus on stealing organizational data, stealing economic resources, and disrupting commerce. They use complex social engineering attacks, pervasive phishing messages, intricate malware, and other highly effective techniques. For example, publically reported data breaches now exceed 100k annually. These breaches resulted in releasing the personal information of millions of people worldwide, billions of dollars of compromised organizational assets, and putting countless people in harm's way. This course covers recent major security breaches, including Solarwinds, Ubiquity, Colonial Pipeline, Tecnimont SpA, Citrix, and LabCorp. It will discuss how these breaches occurred, why they occurred, and how organizations can prevent similar incidents from impacting them. Each case study examines a different form of security vulnerability and how to avoid it. The topics will include social engineering, auditing processes for IT Security systems, forensic accounting, password, two-factor authentication, and improvements for managerial oversight. Participants will gain real-world knowledge from the mistakes of other organizations and, from that experience, develop their own security best practices for their organizations.
K2's Advanced QuickBooks Tips and Techniques
Thursday, May 19th, 2:00pm - 5:30pm
Online
4.00 Credits
QuickBooks remains one of the leading accounting solutions for small and growing businesses and Intuit has added numerous advanced features to the application over the past few releases. In this seminar, you will learn how to take advantage of many of QuickBooks' new and advanced features to solve important issues. For example, you will learn advanced inventory management techniques, including the ability to change the default costing methodology in QuickBooks, and implementing lot and serial number tracking. You will also learn how to build complete sets of financial statements in Excel that link in real-time to underlying QuickBooks data files and how to create multi-company financial statements. Additionally, you will learn how to put the Client Data Review feature to work to streamline the process of identifying and correcting errors and closing accounting periods in QuickBooks. Knowing how to take advantage of the advanced tools and features available can determine your level of success when working with QuickBooks. Take advantage of this opportunity to learn about QuickBooks' "deep" features so that you maximize your effectiveness with the application.
Accounting and Auditing Update
Friday, May 20th, 8:45am - 12:15pm
Online
4.00 Credits
This program is a must to keep CPAs, accountants, and financial professionals on top of the changes they need to know to be effective. The course authors evaluate and emphasize those changes with broad application and develop detailed practical guidance and illustrations.
K2's An Accountant's Guide to Blockchain and Cryptocurrency
Friday, May 20th, 10:00am - 1:30pm
Online
4.00 Credits
Blockchain technology offers the promise of digital truth. When properly implemented, it provides a transparent, permanent, immutable, and high-speed record-keeping system. The possibilities are endless, from managing the logistics of supply chain networks to facilitating international commerce. The adoption of this technology is growing, with millions of new users every year. Organizations adopt this technology every day to help improve their existing operations through its ledger capabilities or executing smart contracts. Cryptocurrency is one example of blockchain technology. Its growth and value have exploded to over $2 trillion in the last few years. This growth has helped to fuel widespread adoption amongst Wall Street and regular investors alike. While more popular than ever, few business professionals understand these technologies, their capabilities, risks, and potential impacts on business operations and processes, such as contract execution, recording and maintaining real estate ownership records, and supply chains. In fact, this incredible technology is a mystery for most accounting professionals. This course will provide a detailed and in-depth look at this technology, including a detailed overview of the underlying technology, the benefits, the risks, the major players, and many practical applications. By participating in this session, you will gain a deeper understanding of the inner workings of this technology and recommendations on getting started.
K2's Artificial Intelligence for Accounting and Financial Professionals
Friday, May 20th, 2:00pm - 5:30pm
Online
4.00 Credits
Artificial Intelligence (AI) is no longer just a theoretical concept! Instead, AI is a practical tool available today to help you address and solve real-world problems. In this course, you will learn about the fundamentals of AI and how you can put this amazing technology to work today to help you and your team work more efficiently and effectively. Participate in this course to learn about the fundamentals of AI and specific types of problems AI can help you address. You will learn about AI features available in everyday applications - including Excel - and how you can use these features in situations such as detecting fraud and identifying potential errors in transactions. You will also learn how AI is changing how accounting and financial professionals work, both today and in the future.
Hot IRS Tax Examination Issues for Individuals and Businesses
Monday, May 23rd, 9:00am - 4:30pm
Online
8.00 Credits
Although the IRS continues to lose its audit workforce due to budget cuts, it continues to examine specific individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS examiners are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.
New Auditor Report Standards: SAS 134-143
Monday, May 23rd, 8:45am - 12:15pm
Online
4.00 Credits
This course will keep you on top of the continuing changes in the auditing profession. The course will cover the basics as to the changes in the audit standards, as well as illustrate any changes to the audit reports and provide practical implementation guidance related to the new standards. This course will also cover any relevant proposed standards if applicable.
Employee Benefit Plans Conference
Tuesday, May 24th, 8:25am - 4:35pm
Rocky Hill
8.00 Credits
*IMPORTANT: This is the in-person option for the Employee Benefit Plans Conference While we are planning for all speakers to attend in person, due to the uncertainty of today’s environment and varying company policies, some speakers may need to appear via livestream if circumstances necessitate it. This CTCPA conference updates practitioners on a variety of topics in the employee benefit plans area. Sessions include: Department of Labor Update Demystifying Missed Opportunity Correction and Other Compliance Updates Cyber Security Concerns for Employee Benefit Plans Audit and Accounting Update for Employee Benefits Engagements Legal Update Ask the Experts
VIRTUAL - Employee Benefit Plans Conference
Tuesday, May 24th, 8:25am - 4:35pm
Online
8.00 Credits
*IMPORTANT: This is the virtual option for the Employee Benefit Plans Conference This CTCPA conference updates practitioners on a variety of topics in the employee benefit plans area. Sessions include: Department of Labor Update Demystifying Missed Opportunity Correction and Other Compliance Updates Cyber Security Concerns for Employee Benefit Plans Audit and Accounting Update for Employee Benefits Engagements Legal Update Ask the Experts
Controller's Update: Today's Latest Trends
Wednesday, May 25th, 8:45am - 12:15pm
Online
4.00 Credits
Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. In this course you will discuss leading-edge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.
Revenue Recognition: Satisfying Performance Obligations and Special Considerations
Thursday, May 26th, 8:45am - 10:45am
Online
2.00 Credits
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.
Securing a Comfortable Retirement in the Age of Spending
Thursday, May 26th, 9:00am - 4:30pm
Online
8.00 Credits
This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning for how to reach their retirement goals.
Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know
Tuesday, May 31st, 8:45am - 12:15pm
Online
4.00 Credits
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.
Applying the Uniform Guidance in Your Single Audits
Wednesday, June 1st, 8:45am - 4:30pm
Online
8.00 Credits
This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up-to-date with the latest information in this challenging audit area.
Breaking Down the Auditor's Report for non-ERISA Plan Private Entities
Thursday, June 2nd, 8:45am - 4:30pm
Online
8.00 Credits
The Auditing Standards Board of the AICPA has recently completed a project to update its standards surrounding auditor reporting. With more than half a dozen new Statements on Auditing Standards, effecting the entire 700 series of the professional standards, there is a lot to learn about the new requirements. This course will take you through the significant areas of Professional Standards, including highlighting the new areas and requirements. The audit report, while retaining much of the familiar language, is much different under these new standards. Let us walk you through to ensure compliance. Note: This course does not address SAS No. 136, Forming an Opinion and Reporting on Financial Statements of. Employee Benefit Plans Subject to ERISA. The AICPA offers a companion course which focuses on auditor reports for employee benefit plan engagements. See "Breaking Down the New Auditor's Report for ERISA Plans" (AUREPE).
Dangers of Improper Revenue Recognition
Thursday, June 2nd, 8:45am - 10:45am
Online
2.00 Credits
Headline after headline points out how pervasive improper revenue recognition has become. Through lecture and short case write-ups, this program will identify improper revenue recognition techniques. In addition, the program will address quality of earnings, which is in the forefront of this scandal-ridden environment.
How to Settle a Client's Estate
Thursday, June 2nd, 9:00am - 4:30pm
Online
8.00 Credits
Federal estate and gift taxes currently affect few clients, but there are many other issues involved in settling an estate or administering a trust. Clients who are beneficiaries of a trust or estate often turn to their financial advisors to understand the administrative process and its effect on their interests. This course enables the accountant to cut through the jargon to understand the legal concepts, communicate a real-world explanation to clients, and serve, in some instances, as an advisor to them. After taking this course, practitioners will feel more confident to serve in a fiduciary capacity. Updated for developments relative to estate taxation.
VIRTUAL - Technology Conference
Thursday, June 2nd, 8:00am - Friday, June 3rd, 4:15pm
Online
16.00 Credits
IMPORTANT: Please be aware this is a 2 day, 16 credit conference and you must register for both days. This Conference is filled with 16 hours of fast-paced presentations designed to maximize your time and enhance your learning. Nationally recognized speakers have extensive expertise in numerous software applications. They will share their knowledge with you in order to help you do your job with efficiency and ease. Participants will receive helpful tips and advanced techniques, along with the tools and skills necessary to keep up with the ever-increasing pace of changes in computer technology. This conference is designed for CPAs in public practice or industry who want to take better advantage of technology to improve efficiency and effectiveness. Hear from K2 Enterprises shareholder and instructor Tommy Stephens on why you should attend this year's conference!