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| Author : | Jae K. Shim, Ph.D., CPA |
| Status : | Production |
| CPE Credits : | 6.0 |
| IRS Credits : | 0 |
| Price : | $59.95 |
| Passing Score : | 70% |
| Primary Subject-Field Of Study: | Accounting - Accounting and Auditing for Course Id 1188 |
| Description : | The past years has witnessed a number of high-profile corporate scandals: Enron, Tyco International, Healthsouth, Global Crossing, and WorldCom. While these are the most glaring, there are many more companies whose shareholders and employees have suffered as stock prices fell, such as Nokia, Lucent Technologies, and many internet-related businesses. The course examines developments in finance and accounting and a series of corporate accounting scandals on the heels of the Enron debacle that have led to current sweeping accounting guidelines, proposals, and legislation—most notably, the Sarbanes-Oxley (SOX) Act. Many of the issues surrounding the SOX Act—especially Section 402, Internal Control over Financial Reporting and Sections 302 and 906, Management Certifications —are discussed. The general issues on corporate governance and corporate social responsibility (CSR), including stock option expensing, are also covered. The illegal practice of stock option backdating is described as well. |
| Usage Rank : | 0 |
| Release : | 2016 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Advance Preparation : | None. |
| Delivery Method : | Self-Study. |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 14-Mar-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 - 1188 |
| Keywords : | Accounting, SarbanesOxley, Act, Corporate, Governance, 2016, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After studying this course you will be able to:
2. Identify the controversy with expensing stock options and specific issues addressed by ASC 718 (FASB No. 123R.) 3. Recognize different rules and regulations put out by the FASB, NYSE, and the SEC. 4. Identify key elements of corporate governance and which software and technologies can be helpful in implementing the SOX Act. 5. Identify attributes of good governance, social responsibility and other ethical standards. 6. Recognize the major features of the Sarbanes-Oxley (SOX) Act of 2002 Corporate Responsibility Law. |
| Course Contents : | Course Learning Objectives Chapter 1: Points of Controversy Financial Restatements Chapter 1 Review Questions Chapter 2: FASB, New York Stock Exchange and SEC Rules FASB No. 123 Accounting for Stock-Based Compensation Stock Options Expensing ASC 718-10-05 New York Stock Exchange and SEC Rules Chapter 2 Review Questions Chapter 3: The Sarbanes-Oxley Act The Sarbanes-Oxley Act (Corporate Responsibility Law) SOX Section 404 SOX Section 302 and Section 906 Considerations Chapter 3 Review Questions Chapter 4: Corporate Governance and Other Ethical Standards Corporate Governance Good Governance Corporate Social Responsibility Business Ethics IMA’s Standards of Ethical Conduct for Accountants and Financial Professionals Legal Aspects of Social Responsibility Chapter 4 Review Questions Chapter 5: Other Sections of the Sarbanes-Oxley Act of 2002 Chapter 5 Review Questions Glossary of Corporate Governance Terms |
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