Author : | Kelen Camehl, CPA, MBA |
Course Length : | Pages: 13 ||| Word Count: 7097 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
CPE Credits : | 1.0 |
IRS Credits : | 0 |
Price : | $12.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2087 |
Description : | A true sale opinion is an attorney’s conclusion that transferred financial assets have been sold and are beyond the reach of a transferor’s creditors and that a court would conclude that the assets would not be included in the transferor’s bankruptcy estate. There are many considerations related to these types of opinions, perhaps most importantly is how they are evaluated and whether they can be relied on as evidence. In this course, we explore many of the burning questions as it relates to true sale opinions. |
Usage Rank : | 19091 |
Release : | 2022 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
What a Sale Is, How It Works, Different Types & Ways to Pay
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 01-Mar-2024 |
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 - Text - NASBA Registry - 2087 |
Keywords : | Accounting, True, Sale, Opinions, Auditor, Need, Consider, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives
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Course Contents : | Chapter 1 - True Sale Opinions - What You and Your Auditor Need to Consider Course Learning Objectives Course Overview Introduction What is a True Sale Opinion? When Does a True Sale Opinion Come into Play? Is a True Sale Opinion Really Needed? Review Questions What Matters are Evaluated in a True Sale Opinion? Do I Automatically Fail the Legal Isolation Condition When No True Sale is Obtained? Can Internal Legal Counsel Issue a True Sale Opinion? What Should I Evaluate in a True Sale Opinion? What Type of Language Would be Problematic? Do I Also Need a Nonconsolidation Opinion? Can You Rely on a Previously Issued True Sale Opinion? What are the Audit Impacts from Restrictions on Use? Review Questions Glossary of Key Terms |