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Course Details

Public Company Accounting and Finance (Course Id 658)

Updated / QAS / Registry   Add to Cart 
Author : Steven Bragg, CPA
Status : Production
CPE Credits : 13.0
IRS Credits : 0
Price : $112.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 658

Description :

In a public company, the accounting department will find itself buried with additional reporting requirements and controls, though senior management will have a clear opportunity to raise money through the public markets. In the Public Company Accounting and Finance course, we explore both of these aspects of a public company. The accountant must learn about earnings per share, segment reporting, and Staff Accounting Bulletins, as well as quarterly and annual reporting to the SEC. Meanwhile, the treasurer can engage in an initial public offering, file registration statements, or sell shares under the Regulation A or Regulation D exemptions. This course covers all of these topics and more.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 01-Aug-2017
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 658

Keywords : Accounting, Public, Company, Accounting, Finance, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Cite the activities that the SEC oversees, and the disclosures that it is most careful in reviewing.
  • Note the adjustments required to calculate diluted earnings per share.
  • Identify the methods used to determine which segments of a business are reportable.
  • Describe the process used to report segment information.
  • Note the concepts involved in the use of the integral and discrete views of interim reporting.
  • Recognize the accounting to be used for stock options and employee share purchase plans.
  • Identify the method used to value the components of a convertible security.
  • Identify the proper reporting for a company filing a registration statement whose historical results are not indicative of its ongoing results.
  • Note the proper accounting for fees paid to an investment banker under various circumstances.
  • Cite the required timing for the reporting of annual and quarterly reports, as well as the contents of those reports.
  • Note the circumstances under which a change in independent accountant must be disclosed.
  • Note the required timing for the filing of a Form 8-K, as well as the contents of the various disclosures.
  • Recognize the responsibility level of a company for the filing of the Forms 3, 4, and 5.
  • Describe the filing codes used by the Securities and Exchange Commission.
  • Identify the source of the disclosure requirements for non-GAAP information.
  • Recognize the circumstances under which Form 8-K disclosure of non-GAAP information is required.
  • State the informational content of a Fedwire payment.
  • Cite the restrictions placed on a company engaged in an initial public offering.
  • Recognize the registration process for the auditors of a public company.
  • Note the reason why blue sky laws have been enacted.
  • Identify the filing requirements associated with a reverse merger.
  • Describe the advantages and disadvantages of using a reverse merger to go public.
  • Note the advantages of the Form S-3 registration, as well as the situations in which a Form S-8 registration can be used.
  • Recognize the circumstances under which the Regulation A exemption can be used.
  • State the filing requirements associated with a Regulation D securities sale.
  • Recognize the types of investors who can now receive advertisements concerning the sale of securities.
  • Identify the requirements under which an investor is allowed to sell shares under Rule 144.
  • Note the protection offered by Rule 10b5-1, and how an employee maximizes his or her protection under it.
  • Recognize the additional steps required by a public company to close the books, and the extra approvals involved.
  • Identify the types of controls, and which controls can be applied to the filing of certain SEC reports.

Chapter 1
The Public Company Environment

Cite the activities that the SEC oversees, and the disclosures that it is most careful in reviewing.

Chapter 2
Earnings per Share Reporting

Note the adjustments required to calculate diluted earnings per share.

Chapter 3
Segment Reporting

  • Identify the methods used to determine which segments of a business are reportable.
  • Describe the process used to report segment information.

    Chapter 4
    Interim Reporting

    Note the concepts involved in the use of the integral and discrete views of interim reporting.

    Chapter 5
    Stock Issuances Accounting

    Recognize the accounting to be used for stock options and employee share purchase plans.

    Chapter 6
    Debt Accounting

    Identify the method used to value the components of a convertible security.

    Chapter 7
    Staff Accounting Bulletins

  • Identify the proper reporting for a company filing a registration statement whose historical results are not indicative of its ongoing results.
  • Note the proper accounting for fees paid to an investment banker under various circumstances.

    Chapter 8
    Annual and Quarterly Reporting

    Cite the required timing for the reporting of annual and quarterly reports, as well as the contents of those reports.

    Chapter 9
    Form 8-K Reporting

  • Note the required timing for the filing of a Form 8-K, as well as the contents of the various disclosures.
  • Note the circumstances under which a change in independent accountant must be disclosed.

    Chapter 10
    Insider Securities Reporting

  • Recognize the responsibility level of a company for the filing of the Forms 3, 4, and 5.
  • Describe the filing codes used by the Securities and Exchange Commission.

    Chapter 11
    Non-GAAP Reporting

  • Identify the source of the disclosure requirements for non-GAAP information.
  • Recognize the circumstances under which Form 8-K disclosure of non-GAAP information is required.

    Chapter 12
    Fedwire Payments

    State the informational content of a Fedwire payment.

    Chapter 13
    The Initial Public Offering

  • Cite the restrictions placed on a company engaged in an initial public offering.
  • Recognize the registration process for the auditors of a public company.
  • Note the reason why blue sky laws have been enacted.

    Chapter 14
    The Reverse Merger

  • Identify the filing requirements associated with a reverse merger.
  • Describe the advantages and disadvantages of using a reverse merger to go public.

    Chapter 15
    Registration Statements

    Note the advantages of the Form S-3 registration, as well as the situations in which a Form S-8 registration can be used.

    Chapter 16
    Regulation A Stock Sales

    Recognize the circumstances under which the Regulation A exemption can be used.

    Chapter 17
    Sale of Unregistered Securities – Regulation D

    State the filing requirements associated with a Regulation D securities sale.

    Chapter 18
    The Jumpstart Our Business Startups Act

    Recognize the types of investors who can now receive advertisements concerning the sale of securities.

    Chapter 19
    Sale of Unregistered Securities – Rule 144

    Identify the requirements under which an investor is allowed to sell shares under Rule 144.

    Chapter 20
    Rule 10b5-1 Stock Sales

    Note the protection offered by Rule 10b5-1, and how an employee maximizes his or her protection under it.

    Chapter 21
    Closing the Books

    Recognize the additional steps required by a public company to close the books, and the extra approvals involved.

    Chapter 22
    Accounting and Finance Controls

    Identify the types of controls, and which controls can be applied to the filing of certain SEC reports.
  • Course Contents :

    Chapter 1 - The Public Company Environment

    Public Company Accounting

    Generally Accepted Accounting Principles

    Public Company Finance

    The Securities and Exchange Commission

    The Issuer and Registrant Concepts

    The Decline in Public Companies

    Chapter 2 - Earnings per Share Reporting

    Basic Earnings per Share

    Diluted Earnings per Share

    Disclosure of Earnings per Share

    Chapter 3 - Segment Reporting

    Overview of Segment Reporting

    Segment Disclosure

    Segment Disclosure

    Products, Services, and Customer Disclosure

    Geographic Area Disclosure

    Chapter 4 - Interim Reporting

    Overview of Interim Reporting

    General Interim Reporting Rule

    Variations from the Interim Reporting Rule

    Changes in Accounting Principle in Interim Periods

    Changes in Accounting Estimate in Interim Periods

    Error Correction in Interim Periods

    Adjustments to Prior Interim Periods

    Gross Profit Method

    The Integral View

    The Discrete View

    Comparison of the Integral and Discrete Views

    Disclosures for Interim Reporting

    Chapter 5 - Stock Issuances Accounting

    The Sale of Stock

    Dividend Payments

    Stock Dividends and Stock Splits

    Stock Dividend

    Stock Split

    Equity-Based Payments to Non-Employees

    Overview of Stock Compensation

    The Volatility Concept

    Fair Value Calculation Alternatives

    Awards Classified as Equity

    Award Measurement Problems

    Contingent Features

    Award Modifications

    Awards Classified as Liabilities

    Employee Share Purchase Plans

    Equity Disclosures

    Rights and Privileges

    Preferred Stock

    Contingently Convertible Securities

    Redeemable Securities

    Changes in Shareholders Equity

    Equity-Based Payments to Non-Employees

    Stock-Based Compensation Disclosures

    Chapter 6 - Debt Accounting

    Debt with Conversion and Other Options

    Debt Instruments with Detachable Warrants

    Convertible Securities

    Beneficial Conversion Features

    Interest Forfeiture

    Induced Conversions

    Conversion by Exercise of Call Option

    Convertible Instruments Issued to Nonemployees as Payment

    Contingent Conversion Option

    Own-Share Lending Arrangements

    Own-Share Lending Arrangements (EPS Calculations)

    Overview of Imputed Interest

    Debt Disclosures

    Long-Term Obligations

    Short-Term Obligations to be Refinanced

    Chapter 7 - Staff Accounting Bulletins

    Financial Statement Topics

    Overhead Allocations

    Pro Forma Financial Statements

    Materiality

    Debt Issuance Costs

    Redeemable Preferred Stock

    Equity Accounting Topics

    Subordinated Debt

    S Corporations

    Change in Capital Structure

    Receivables from the Sale of Stock

    Limited Partnerships

    Notes and Other Receivables from Affiliates

    Miscellaneous Accounting Topics

    Expenses of Offering

    Gain or Loss from Disposition of Equipment

    Accounting Changes Not Retroactively Applied Due to Immateriality

    New Basis of Accounting Required in Certain Circumstances

    Restructuring Charges

    Impairments

    Revenue Recognition Topics

    Chapter 8 - Annual and Quarterly Reporting

    The Form 10-K

    Item 1. Business

    Item 1A. Risk Factors

    Item 1B. Unresolved Staff Comments

    Item 2. Properties

    Item 3. Legal Proceedings

    Item 4. Mine Safety Disclosures

    Item 5. Market for Company Stock

    Item 6. Selected Financial Data

    Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operation

    Item 7A. Quantitative and Qualitative Disclosures about Market Risk

    Item 8. Financial Statements and Supplementary Data

    Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

    Item 9A. Controls and Procedures

    Item 10. Directors, Executive Officers and Corporate Governance

    Item 11. Executive Compensation

    Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

    Item 13. Certain Relationships and Related Transactions, and Director Independence

    Item 14. Principal Accountant Fees and Services

    The Form 10-Q

    Information to be Incorporated by Reference


    Chapter 9 - Form 8-K Reporting

    The Form 8-K

    Chapter 10 - Insider Securities Reporting

    Forms 3, 4, and 5

    SEC Filing Codes

    Related Topics

    Chapter 11 - Non-GAAP Reporting

    The Disclosure of Non-GAAP Information

    Practical Application of Non-GAAP Financial Measures

    Non-GAAP Financial Measure Policies and Procedures

    Non-GAAP Financial Measure Policies

    Non-GAAP Financial Measure Procedures

    Chapter 12 - Fedwire Payments

    Fedwire

    Fedwire Payment Instructions

    Check Payments

    Chapter 13 - The Initial Public Offering

    Reasons for and Against an IPO

    Preparation for the IPO

    The Initial Public Offering

    Blue Sky Laws

    Chapter 14 - The Reverse Merger

    The Reverse Merger Concept

    Advantages and Disadvantages of the Reverse Merger

    The Price of a Shell

    Shell Due Diligence

    Trading Volume

    Chapter 15 - Registration Statements

    Form S-1

    Form S-3

    Form S-8

    Exhibits to Registration Filings

    Shelf Registration

    Registration Statement Effectiveness

    Chapter 16 - Regulation A Stock Sales

    Regulation A Stock Sales

    Solicitations of Interest

    Form 1-A

    Chapter 17 - Sale of Unregistered Securities Regulation D

    Regulation D Stock Sales

    The Form D Filing

    The Accredited Investor

    Private Investments in Public Equity

    Chapter 18 - The Jumpstart Our Business Startups Act

    Provisions of the JOBS Act

    Chapter 19 - Sale of Unregistered Securities Rule 144

    Rule 144 Stock Sales

    Rule 144 Administrative Procedure

    Chapter 20 - Rule 10b5-1 Stock Sales

    Rule 10b5-1 Stock Sales

    Rule 10b5-1 Administrative Procedure

    Chapter 21 - Closing the Books

    Basic Steps for Closing the Books

    The Public Company Closing Process

    The Form 10-Q Approval

    The Form 10-K Approval

    Chapter 22 - Accounting and Finance Controls

    Preventive and Detective Controls

    General Controls for Public Companies

    Basic Financial Statement Controls

    Controls for Form 8-K Reporting

    Controls for Forms 3, 4, and 5 Filings

    Controls for Non-GAAP Financial Measures

    Controls for Regulation A Stock Sales

    Controls for Regulation D Stock Sales

    Controls for Rule 144

    Glossary

    Accounting Course 658 Home: https://www.cpethink.com/qas-cpa-courses
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