Public Company Accounting

Price: $120.25

CPE Credits: 13.0

Category:

Course Number: AACSBPC

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.

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: August 2014

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • 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.
  • 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.
  • Cite the required timing for the reporting of annual and quarterly reports, as well as the contents of those reports.
  • 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.
  • Identify the source of the disclosure requirements for non-GAAP information.
  • State the informational content of a Fedwire payment.
  • Cite the restrictions placed on a company engaged in an initial public offering.
  • Identify the filing requirements associated with a reverse merger.
  • 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. 

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.

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: August 2014

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • 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.
  • 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.
  • Cite the required timing for the reporting of annual and quarterly reports, as well as the contents of those reports.
  • 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.
  • Identify the source of the disclosure requirements for non-GAAP information.
  • State the informational content of a Fedwire payment.
  • Cite the restrictions placed on a company engaged in an initial public offering.
  • Identify the filing requirements associated with a reverse merger.
  • 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. 
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