Year End Closing

Price: $29.85

CPE Credits: 3.0

Category:

Course Number: AAYENDSB

Year End Close

Description:
The Year-End Close course notes the actions to be taken to close the books at the end of the fiscal year, as well as other activities required at the end of the calendar year. There is a particular emphasis on several major areas of accounting, including receivables, inventory, fixed assets, payables, and payroll. Additional tasks required for the year-end close of a publicly held company are also described. Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: July 2015
Update: August 2018

Format: PDF
Pages: 82

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:

  • • Recognize the staffing policies needed to ensure that there are sufficient staff on hand to complete the year-end close.
    • Identify the activities involved in archiving accounting documents.
    • Specify the steps involved in the construction of the annual budget.
    • Identify the contents of the year-end binder.
    • Recognize the situations in which a soft close is more likely to result in financial statement errors.
    • Specify how to verify the reasonableness of the balance in the allowance for doubtful accounts.
    • Recognize the tasks involved in the year-end examination of open jobs.
    • Identify the evaluation criteria stated in the lower of cost or market rule.
    • Specify the methods used to recognize fixed assets reclassified out of the held-for-sale classification, and fixed assets that have been abandoned.
    • Specify the distribution of the Form 1099-MISC, as well as how the form is to be complet-ed.
    • Identify the trigger that causes a change in the experience rating assigned by a government.
    • Recognize the role of EDGARizing in the year-end close.
    • Specify the steps required for the preparation of financial statements.

Description:
The Year-End Close course notes the actions to be taken to close the books at the end of the fiscal year, as well as other activities required at the end of the calendar year. There is a particular emphasis on several major areas of accounting, including receivables, inventory, fixed assets, payables, and payroll. Additional tasks required for the year-end close of a publicly held company are also described. Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: July 2015
Update: August 2018

Format: PDF
Pages: 82

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:

  • • Recognize the staffing policies needed to ensure that there are sufficient staff on hand to complete the year-end close.
    • Identify the activities involved in archiving accounting documents.
    • Specify the steps involved in the construction of the annual budget.
    • Identify the contents of the year-end binder.
    • Recognize the situations in which a soft close is more likely to result in financial statement errors.
    • Specify how to verify the reasonableness of the balance in the allowance for doubtful accounts.
    • Recognize the tasks involved in the year-end examination of open jobs.
    • Identify the evaluation criteria stated in the lower of cost or market rule.
    • Specify the methods used to recognize fixed assets reclassified out of the held-for-sale classification, and fixed assets that have been abandoned.
    • Specify the distribution of the Form 1099-MISC, as well as how the form is to be complet-ed.
    • Identify the trigger that causes a change in the experience rating assigned by a government.
    • Recognize the role of EDGARizing in the year-end close.
    • Specify the steps required for the preparation of financial statements.
  • “The author did a good job of setting forth the ethical standards contained in the California State Board of Public Accountancy Rules and the AICPA Code of Conduct.”

    - California Ethics Course

  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

    - Constance

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