Course Description: This interactive self-study course covers key areas related to accounting for income taxes such as authoritative literature and presentation and disclosure of income taxes.

This interactive self-study course provides an introduction to the fiduciary’s responsibilities for estate and trust accounting. Lesson 1 discusses the fiduciary’s requirements as stated in the Principal and Income Acts. Lesson 2 discusses concepts and authoritative resources for estate and trust accounting.

Grading Fee: $75

This interactive self-study course provides an introduction to accounting and reporting for estates and trusts. This course provides an account of the types of financial presentations, an overview of format presentations and an outline of the various reporting requirements in relation to estates and trusts.

Grading Fee: $75

This interactive self-study course explains the risk assessment audit process and details changes to the Statements on Auditing Standards (SAS) that influence that process. In addition, this course covers audit procedures including tests of controls, making a control risk assessment, and substantive procedures.

Grading Fee: $75

This interactive self-study course provides an overview of the standard auditor’s report. Lesson 1 discusses the auditor’s standard report on GAAP financial statements of a corporate entity for a single period. Lesson 2 covers identifying and evaluating control deficiencies, communicating significant deficiencies in internal control identified as part of the audit, and reports on the processing of transactions by service organizations.

Grading Fee: $79

This interactive self-study course provides information regarding various aspects of the auditor’s reports. Lesson 1 provides a detailed discussion of qualified opinions, adverse opinions, and disclaimers of opinion as well as the circumstances when each may be appropriate. Lesson 2 describes the circumstances that might preclude auditors from issuing an unqualified opinion on financial statements because of a limitation on the scope of the audit. Lesson 3 describes circumstances when auditors are either required to add or consider adding an explanatory paragraph to their report in various circumstances and illustrates how the auditors’ report is to be modified in each situation. It also discusses emphasis-of-a-matter paragraphs and when they might be appropriate. Lesson 4 deals with additional information that should accompany basic financial statements.

Grading Fee: $79

This interactive self-study course covers a variety of special reporting situations including financial statements prepared in conformity with other comprehensive bases of accounting (OCBOA), specified elements, accounts or items of a financial statement, compliance issues, and prescribed forms. Other issues covered include reporting on companies in insolvency and bankruptcy proceedings, application of accounting principles, reporting on applying agreed-upon procedures, as well as consulting engagements, among others. This course also addresses attestation standards.

Grading Fee: $79

This interactive self-study course addresses the accounting and financial reporting standards for employee benefit plans. There are standards that apply to all three types of employee benefit plans (defined contribution retirement plans, defined benefit retirement plans, and health and welfare benefit plans), and there are standards that apply to each type of plan specifically. This course discusses all of those standards, as well as related authoritative literature.

Grading Fee: $75

This interactive self-study course addresses special auditing considerations including contributions received and receivable, investments, contracts with insurance companies, participant data, benefit payments, benefit obligations, other assets, liabilities, and operating expenses.

Grading Fee: $75

This interactive self-study course discusses the activities that should take place when deciding whether to propose for or accept a benefit plan client or to retain an existing client. It also discusses the necessary activities in the early planning stages of a new or continuing audit engagement.

Grading Fee: $75

This interactive self-study course provides an overview on reporting on internal control, as well as material covering other special engagements.

Grading Fee: $75

This interactive self-study course provides an introduction to auditing of financial institutions. Lesson 1 introduces the reader to the basics of auditing, the applicable authoritative literature, and some of the unique aspects of audits of financial institutions. It also gives an overview of the financial institution industry. Lesson 2 discusses pre-engagement activities for audits and focuses on how they should be applied to financial institutions. Some of the activities discussed include client acceptance and continuance, engagement letters, FDICIA engagements, and the use of service organizations.

Grading Fee: $75

This interactive self-study course provides an introduction to the AICPA’s Audit and Accounting Guide for State and Local Governments as well as material covering the single audit concept.

Grading Fee: $75

This interactive self-study course provides an introduction to the AICPA’s Audit and Accounting Guide for State and Local Governments as well as material covering the single audit concept. The first lesson covers general planning decisions. The second lesson discusses how the performance of risk assessment procedures can help the auditor with important planning decisions and judgements.

Grading Fee: $75

This interactive self-study course explains the organization, format, and use of audit programs for a governmental engagement. Topics covered include audit strategy, the design of audit programs and the organization of audit programs. The course also discusses core audit programs and certain accounting guidance.

Grading fee: $75

Continuing audit engagements for nonprofit organizations require the auditor to consider a number of factors. For instance, how much does the auditor understand about the client entity and its environment? How strong are the entity’s internal controls? What role does IT play concerning the entity’s financial data and its integrity? How much audit risk is acceptable? What is the auditor’s responsibility for detecting fraud during the audit? Fortunately for the auditor, some guidance is available. This course will discuss that guidance and aspects of the nonprofit audit from a general planning perspective.

Grading Fee: $75

This interactive self-study course covers the basics of performing substantive procedures and audit sampling procedures in an audit of a nonprofit organization. Lesson 1 discusses various aspects of substantive procedures, such as when they are required, designing them, performing them at an interim date, and fraud risks. Lesson 2 goes into more detail on audit sampling, including basic requirements and using sampling for substantive procedures, tests of details, and tests of controls.

Grading Fee: $75

This interactive self-study course discusses special accounting and auditing considerations and is generally relevant to all types of nonprofit organizations; but, when necessary, distinctions are made between accounting and auditing considerations that apply to voluntary health and welfare organizations and those that apply to other nonprofit organizations.

Grading Fee: $75

Field of Study: Accounting (4 hours), Auditing (4 hours)

This interactive self-study course discusses auditing selected components of the balance sheet. Lesson 1 discusses the audit of cash balances. Lesson 2 covers property audits. Lesson 3 covers the audit of the various categories of other assets, including prepaid expenses and investments in securities. Lesson 4 discusses the audit of liability and equity accounts.

Grading Fee: $75

This interactive self-study course covers the basics of performing substantive procedures and audit sampling procedures in an audit of a nonpublic business. Lesson 1 discusses various aspects of substantive procedures, such as when they are required, designing them, performing them at an interim date, and fraud risks. Lesson 2 goes into more detail on audit sampling, including basic requirements and using sampling for substantive procedures, tests of details, and tests of controls.

Grading Fee: $75

This interactive self-study course provides an overview of elements of audits of nonpublic companies. Lesson 1 discusses audit documentation, including audit workpapers, maintaining a paperless office, and legal liability. Lesson 2 covers special considerations related to this type of audit, such as consolidated financial statements, the use of service organizations and specialists, and computerized data extraction.

Grading Fee: $75

This interactive self-study course provides an introduction to preparing and reporting on financial statements prepared using other comprehensive bases of accounting. The course discusses general and specific considerations that should be taken into account while using other comprehensive basis of accounting, and applies those considerations to disclosures and reporting requirements.

Grading Fee: $79

This interactive self-study course provides an introduction to preparing and reporting on financial statements prepared using the income tax basis of accounting. The course discusses general and specific considerations that should be taken into account while using the income tax basis of accounting, and applies those considerations to disclosures and reporting requirements.

Grading Fee: $79

This interactive self-study course provides a look at three different variables that can affect compilation and review engagements. Lesson 1 examines interim engagements, and how they differ from year-end engagements. Lesson 2 goes over the basics of financial statements that are presented using an other comprehensive basis of accounting (OCBOA), such as the cash basis or the tax basis. Finally, Lesson 3 discusses prescribed form engagements with an emphasis on SSARS No. 3.

Grading Fee $79

This interactive self-study course covers special reporting issues related to proprietorships, partnerships, and S corporations and their financial statements.

Grading Fee: $79

This interactive self-study course will give the user basic knowledge about forecasts, projections, and similar items. Lesson 1 breaks down the authoritative literature that applies to prospective financial information, gives an overview of guidance on the subject, and discusses key factors and significant assumptions that are a part of such an engagement. Lesson 2 covers format and presentation guidelines and gives users more specific details on some types of prospective financial engagements, including plain paper engagements, assemblies, compilations, and other matters.

Grading Fee $79

This interactive self-study course covers various aspects related to accounting for construction contracts including topics such as the financial reporting system, revenue recognition methods, a variety of financial statement considerations, and investments in ventures, among other issues.

Grading Fee: $75

This interactive self-study course covers how to calculate construction contractor’s regular income tax as well as Alternative Minimum Tax (AMT). This course also explains how to apply look-back procedures and also analyze a variety of tax issues facing contractors.

Grading Fee: $75

Field of Study: Taxes (4 credits), Accounting (3 credits)

CTEC approved course.

CTEC Number: 3039-CE-0216

CTEC CPE Credits: 4 Federal, 0 California

This interactive self-study course covers GAAP related to investments, leases, nonmonetary transactions, intangibles, the equity method, and joint ventures.

Grading Fee: $79

This interactive self-study course covers GAAP related to derivative instruments and hedging activities, foreign operations and currency translation, income taxes, research and development costs, and revenue recognition.

Grading Fee: $79

This interactive self-study course covers a variety of GAAP topics including accounting policies, changes and error corrections, financial statement presentation, the balance sheet, the income statement, the cash flows statement, comprehensive income, and earnings per share.

Grading Fee: $79

This interactive self-study course examines the standards for services provided on unaudited financial statements or information of nonpublic entities. Users will learn the AICPA Statements on Standards for Accounting and Review Services (SSARS) that apply to accounting and review services. Users will differentiate between services to which SSARS apply and do not apply. Users will learn the requirements for accepting compilation and review engagements and developing required compilation and review procedures. Users will be able to differentiate between compilations and compilations of management-use-only financial statements. Users will have the necessary language for required engagement and representation letters.

Grading fee: $75

This interactive self-study course discusses reporting standards specific to compilation engagements, SSARS review engagements, and statements on quality control standards.

Grading fee: $75

This interactive self-study course explains the authoritative accounting literature that applies to common interest realty associations (CIRAs), including the guidance from the AICPA, and certain authoritative pronouncements of the FASB and APB. Additionally, this course provides an overview of the specific accounting standards that apply to all aspects of a CIRA’s accounts, as well as how specific transactions may be treated differently for financial reporting purposes.

Grading Fee $75

This interactive self-study course discusses substantive procedures and considerations specific to designing and performing substantive procedures for audits of common interest realty associations (CIRAs). It also discusses the general procedures necessary to conclude the audit. Lesson 1 covers the substantive procedures the auditor of a CIRA needs to perform to detect material misstatement at the relevant assertion level. The lesson further explains for each assertion within an account balance, class of transactions, or disclosure how the auditor should determine the nature, timing, and extent of substantive procedures that are necessary to gain sufficient and appropriate audit evidence to express an opinion on the financial statements. Lesson 2 looks at the more general and concluding procedures that are necessary in a CIRA audit.

Grading Fee:  $75

This interactive self-study course discusses pre-engagement activities and audit planning with a focus on auditing common interest reality associations (CIRAs). Lesson 1 covers the authoritative literature related to pre-engagement activities and preliminary planning. It also discusses the client acceptance and continuance process, the necessary documentation, and establishing the terms of the engagement with the client. Lesson 2 looks at audit planning in depth and discusses related items, including understanding the entity, its environment, and its internal control and the decisions and judgments an auditor makes during audit planning. Lesson 3 covers special circumstances, such as using a specialist, audit sampling, the organization and structure of workpapers, and initial engagements, and how audit planning will be affected.

Grading Fee:  $75

This interactive self-study course provides an overview of the current compliance environment, covers compliance auditing and requirements, addresses tests of controls over HUD programs, and specific compliance requirements for HUD-assisted projects. This course also deals with audit sampling in tests of controls over compliance, planning the extent of substantive tests of compliance, and a variety of other issues.

Grading Fee:  $75

This interactive self-study course consists of three lessons. The first lesson covers HUD-assisted programs including features such as insured loan programs, risk sharing programs and rent subsidy programs. The first lesson also discusses contracts and forms that are of interest to auditors. The second lesson discusses the compliance audit portion of the HUD audit and focuses primarily on the compliance audits of nonsupervised mortgagees, loan correspondents and lenders. Lesson three provides an overview of the low-income housing tax credit and explains the services that auditors may provide to these projects. The effect of recently enacted legislation on these projects is also discussed.

Grading Fee:  $75

This interactive self-study course discusses internal control deficiencies that an auditor may discover over the course of an engagement and steps that can be taken to deal with such deficiencies based on the guidance in SAS No. 115. Lesson 1 focuses on identifying and evaluating internal control deficiencies. Lesson 2 discusses communicating internal control deficiencies.

Grading Fee $75

This interactive self-study course covers nonprofit GAAP related to insurance costs and proceeds, leases, nonmonetary transactions, property taxes, and transfers and servicing of financial assets.

Note: This course material is similar to course material found in the Companion to PPC's Guide to GAAP. Please consider this when determining your reporting requirements in the same CPE reporting period.

Grading Fee: $75

This interactive self-study course covers nonprofit GAAP related to contributions, derivative instruments and hedging activities, foreign operations and currency translation, income taxes, and research and development costs.

Note: This course material is similar to course material found in the Companion to PPC's Guide to GAAP. Please consider this when determining your reporting requirements in the same CPE reporting period.

Grading Fee: $75

This interactive self-study course provides an overview of nontraditional engagements and describes the advantages and disadvantages of performing them. It also discusses the various types of nontraditional engagements that practitioners may perform. Further, this course describes the professional standards that apply to such engagements. In addition, this course discusses one type of nontraditional engagement in more detail: an agreed-upon procedures engagement.

Grading Fee: $75

This interactive self-study course discusses attestation engagements and provides guidance on examination and review engagements performed under the attestation standards. Specifically, this course provides an overview of an attestation engagement and describes the standards that apply to it. It also discusses the relationship between the attestation standards to the statements on auditing standards and the statements on standards for accounting and review services. In addition it describes how to perform an engagement acceptance, planning, attestation procedures, wrap-up, supervision, and administration. Finally, this course discusses the required elements of the auditor’s attestation report.

Grading fee: $75

This interactive self-study course provides guidance for reporting liabilities and stockholders’ equity on financial statements. Lesson 1 discusses current and noncurrent liabilities, income taxes payable, and other liabilities as reported on the balance sheet. Lesson 2 discusses the reporting of stockholders’ equity. Lesson 3 discussed how accounting changes affect the balance sheet.

Grading Fee: $79

This interactive self-study course provides guidance regarding the accounting for various tax transactions. Lesson one briefly covers FIN 48, “Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109” and accounts for the change of accounting method or period, asset capitalization and valuation, investments in partnerships, and property and equipment transactions. Lesson two discusses the accounting of stock redemptions and related transactions, partnerships, limited liability companies, changes in tax status, transactions with owners, leasing transactions, and miscellaneous other tax transactions.

Grading Fee: $79

This interactive self-study course examines the statement of income. Users will learn the basic format and style of the statement; when to recognize revenues, expenses, gains, and losses; as well as specific issues and accounting for income taxes.

Grading Fee: $79

This interactive self-study course provides an introduction to the preparation of the asset portion of financial statements. Topics in the first lesson include the proper captions, classification and valuation of current assets including inventory, receivables and marketable securities. The second lesson covers long-term investments and using the equity method to account for nonmarketable equity securities. Lesson three discusses the balance sheet presentation and classification of property and equipment, including capital leases and the calculation of depreciation. The last lesson is on intangible assets, the impairment of goodwill and application of FASB ASC 360-10 (formerly SFAS No. 144).

Grading Fee: $79

This interactive self-study course provides an introduction and overview of governmental accounting and fund accounting, including budgetary reporting. The general requirements of GASBS No. 34 is introduced and discussed. This course covers all three categories of funds as well as how to account under each fund for the sources and uses of financial resources as well as capital assets, long-term liabilities and fund balances, net assets and fund equity.

Grading Fee: $79

This interactive self-study course addresses aspects of the governmental financial reporting model under GASBS No. 34. This course covers various aspects of budgetary reporting and other required supplementary information. Also, the course provides a detailed study of Management’s Discussion and Analysis (MD&A) of governmental financial reports. Finally, the components of a Comprehensive Financial Annual Report (CAFR) are discussed in detail.

Grading Fee: $79

This interactive self-study course studies how governments must deal with capital assets under GASBS No. 34. Topics discussed include tangible and intangible assets, asset valuation, estimating useful lives, asset impairments, and reporting requirements.

Grading Fee: $79

This interactive self-study course provides Part 1 of the introduction and discussion of The Statement of Activities required by SFAS No. 117 to be included in the basic financial statements of a nonprofit organization. The course discusses general and specific considerations that should be taken into account when preparing the activity statement such as the applicable authoritative literature, form and style considerations, and proper reporting of contributions and other revenue; donated materials, facilities, and services; gains and losses; and reclassifications. In addition an introduction and discussion of the proper way to account for agency transactions for organizations that raise contributions for others is included.

Grading Fee: $75

This interactive self-study course provides Part 2 of the introduction and discussion of The Statement of Activities required by SFAS No. 117 to be included in the basic financial statements of a nonprofit organization. The course discusses general and specific considerations that should be taken into account when preparing the activity statement such as classification of expenses and other items to be presented separately. In addition discussion is included concerning the accounting and presentation of certain expenses and taxes.

Grading Fee: $75

Although SFAS No. 117 requires only voluntary health and welfare organizations to present a statement of functional expenses, it is recommended that other non-profit organizations consider including a schedule of functional expenses as a supplementary schedule to the financial statements. In addition, SFAS No. 117 requires that external financial statements of nonprofit organizations include a statement of cash flows. This course discusses the authoritative literature as well as the form and presentation considerations of the statement of functional expenses. In addition, this course discusses the authoritative literature, as well as the presentation of specific types of transactions in the statement of cash flows. Disclosure of noncash transactions is also covered.

Grading Fee: $75

This interactive self-study course discusses the requirements of SFAS No. 66 Accounting for Sales of Real Estate as well as issues accountants may face applying it. Lesson 1 explains how to apply the accounting methods used to recognize gains on real estate sales under SFAS No. 66. Lesson 2 addresses the specific concerns that are encountered in real estate sales.

Grading Fee: $79

This interactive self-study course discusses the requirements of SFAS Nos. 66 & 67 as they relate to retail land sales as well as issues accountants may face when applying the statements. Lesson 1 describes the various accounting methods and requirements for retail land sales. Lesson 2 explains how to choose and apply the accounting methods as well as the direct selling costs and inventories specific to retail land sales.

Grading Fee: $79

This interactive self-study course provides an introduction to compliance auditing, subrecipient considerations, and program-specific audits. The course discusses general and specific considerations that should be taken into account while performing financial audits of governmental and nonprofit entities and applies those considerations to disclosures and reporting requirements.

Grading Fee: $75

This interactive self-study course provides guidance on how to plan a single audit and how to use sampling as an effective approach for each type of audit procedure. Lesson 1 discusses the planning activities that occur on each engagement. Lesson 2 explains the use of sampling and describes an effective approach for each type of audit procedure.

Grading Fee: $75

This interactive self-study course discusses how to summarize and evaluate the overall results of audit tests. It also covers the various audit reports that are unique to single audits.

Grading Fee: $75

This course offers guidance on designing a bookkeeping system to meet the needs of a particular business, identifying and gathering information about transactions, and converting that information into a general ledger. This course also presents general information about sales and use taxes, and provides guidance on preparing sales and use tax returns. In addition, there is also a discussion that addresses various independence issues surrounding write-up engagements.

Grading fee: $75

This course offers guidance on designing a successful write-up practice. This course presents general information about obtaining and retaining clients and staff. The course takes the learner through the entire process, from engagement letter to report delivery. In addition, there is a discussion addressing quality control standards, disaster recovery and succession planning.

Grading fee: $75

This interactive self-study course covers the creation of a company’s initial records in QuickBooks. Lesson One will test knowledge and understanding of setting up a client in QuickBooks and creating the chart of accounts. Lesson Two discusses the utilization of the sales tax, inventory, and payroll features of QuickBooks.

Grading Fee: $75

This interactive self-study course provides specific guidance to practitioners who provide accounting services involving their clients’ QuickBooks data. It explains how to support clients using different versions of QuickBooks and how to access client data. It explains how to analyze and adjust the data, including tips for monthly monitoring of financial statement accounts and performing a year-end close with QuickBooks. For those practitioners who prepare financial statements using QuickBooks data, the course explains how to generate and customize QuickBooks financial reports, from within QuickBooks as well as with Financial Statement Designer (included with QuickBooks Premier-Accountant 2008 and earlier), and how to export financial reports to Excel. The course also provides guidance on importing QuickBooks data into the practitioner’s write-up software.

Grading Fee: $75

This course covers the more basic aspects of the FASB Accounting Standards Codification (ASC), including a historical perspective and overview, the implementation date, how ASC interfaces with XBRL, and IFRS, and the mechanics of ASC.

Grading Fee: $49

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Individual Full CPA Review (4 parts) | $1,395.00 (MXCE)

CPA Exam Review Parts
Auditing and Attestation | $395.00 (MXAE)
Business Environment and Concepts | $395.00 (MXBE)
Financial Accounting and Reporting | $395.00 (MXFE)
Regulation | $395.00 (MXRE)

To order, please call 800-231-1860

This interactive self-study course addresses aspects of the governmental financial reporting model under GASBS No. 34. Part 1 discusses unique government environmental factors and introduces the concepts of fund accounting, measurement focus, and basis of accounting that are unique to governmental accounting. Part 2 discusses basic fund accounting principles. Part 3 focuses on the details of fund definitions and interfund activities. Part 4 focuses on the reporting of revenues and receivables.

This course discusses the nature and role of the IASB and the IASC and their respective pronouncements. It includes the most recent IFRS, presenting a summary of the IFRS and a comparison of each IFRS with GAAP. This course is a must for those who are now required to use International Financial Reporting Standards as well as those who may be considering the adoption of IFRS.

Grading Fee: $4.95

Lesson 1 of this interactive self-study course covers overview of a business valuation engagement. Lesson 2 covers valuation terms and methodology.

Grading Fee: $75

This interactive self-study course covers different aspects of business valuations. Lesson 1 covers the steps involved in the guideline methods valuation process. Lesson 2 focuses on the characteristics of the guideline public companies method and the guideline transaction method of business valuation.

Grading fee: $75

Lesson 1 of this interactive self-study course addresses pre-engagement procedures including assessments that need to be made before accepting a valuation engagement, basic approaches to developing a work program for a valuation engagement, and items typically included in an engagement letter. Lesson 2 covers aspects of wrapping up the engagement including the two primary types of weighting techniques, applying sanity checks, and the application of premiums and/or discounts.

Grading Fee: $75

This interactive self-study course provides an overview of general guidance applicable to most consulting services and information on two specific consulting services commonly provided to construction contractors, financing services and claim settlement services.

Grading Fee: $75

This interactive self-study course discusses the engagement performance and monitoring elements of SQCS No. 7. Lesson 1 details the authoritative guidance requirements, maintenance of engagement documentation, establishing criteria for engagement quality control reviews, assessing the adequacy of the system’s design, and monitoring compliance with the firm’s policies and procedures. Lesson 2 covers the monitoring element SQCS No. 7 various types of monitoring activities and requirements are presented, as well as addressing complaints and allegations. Both lessons cover drafting policies and procedures that can be included in a firm’s QC system.

Grading Fee: $75

This interactive self-study course discusses the ethical and client acceptance and continuance elements of SQCS No. 7 (which has replaced all existing SQCSs). Lesson 1 describes the six fundamental principles of professional ethics and has an in-depth discussion of issues related to independence. Lesson 2 covers issues and considerations that should be part of a firm’s client acceptance and continuance decisions. Both lessons cover drafting policies and procedures that can be included in a firm’s QC system.

Grading Fee: $75

This interactive self-study course discusses the quality control (QC) standards, both in general and with an emphasis on how they affect a firm’s compilation and review practice. Lesson 1 gives an overview of quality control, including the QC standards, developing a QC system, and undergoing peer review. Lesson 2 discusses the leadership element of quality control, with an emphasis on how the tone at the top is an important indicator of a firm’s commitment to quality. Lesson 3 covers the human resources QC element, which is includes recruitment, hiring, professional development, personnel evaluation, compensation, and advancement.

Grading Fee: $75

This interactive self-study course provides an introduction to Schedules commonly attached to Form 1040. The first lesson covers topics unique to sole proprietorships, including the confusing issue of the home office. The second lesson covers Farm Income and Expense including the treatment of co-op patronage dividends and prepaid farm expenses. Uniform Capitalization rules are also discussed. The last lesson discusses rental property. Topics include conversion of a residence to rental property and property rented to related parties.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0224

CTEC Credits: 7 Federal, 0 California

This interactive self-study course provides an introduction to the standard deduction and the itemized deduction, including the itemized deduction phase-out rules. This course covers most line items on Form 1040 Schedule A, including confusing issues such as employee business expense and interest tracing rules.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0225

CTEC Credits: 8

This interactive self-study course provides an introduction to commonly encountered securities and debt transactions. The first lesson covers topics that pertain to reporting gain or loss on the sale of stock. The second lesson covers the rules for deducting bad debt losses and explains the tax treatment of debt discharge income and foreclosures.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0226

CTEC Credits: 8 Federal, 0 California

This interactive self-study course looks at various issues pertinent to estates and trusts related to income in respect of a decedent (IRD) and deductions. Lesson one discusses IRD in detail, including an examination of the different types of IRD that are available. Lesson two covers deductions recorded on the Form 1041 and how they relate to deductions on the Form 706. Lesson three discusses other deductions, including the 2% of adjusted gross income (AGI) floor. Lesson four winds up the course with a closer look at net operating losses (NOLs).

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0195

CTEC Credit Hours: 9 Federal, 0 California

This interactive self-study course discusses different types of distributions available to estates and trusts. Lesson one covers the basics of making distributions to beneficiaries, including income distribution deductions, distributable net income, and other issues. Lesson two discusses property distributions, including specific bequests, pecuniary requests and more.

Grading fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0196

CTEC Credit Hours: 9 Federal, 0 California

This interactive self-study course discusses basis and allocations. Lesson 1 discusses the basis in the partnership interest and partnerships and a partner’s basis from partnership liabilities. Lesson 2 explains when FMV and basis of contributed property differ—Section 704(c) allocations.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0233

CTEC Credits: 10 Federal, 0 California

This interactive self-study course examines administrative matters related to partnerships and Form 1065. Lesson 1 discusses how to select a tax year under the available sets of rules. Lesson 2 looks at issues related to accounting methods, such as changing accounting methods and electing the accrual method. Lesson 3 examines tax elections for partnerships. Finally, Lesson 4 covers issues related to the tax matters partner, amended returns, and other due diligence matters, such as penalties.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0234

CTEC Credits: 8 Federal, 0 California

This interactive self-study course provides an introduction to the Alternative Minimum Tax as well as the Personal Holding Company Tax. Lesson 1 will introduce the general rules for AMT plus credits and elections. Lesson 2 will cover the classification of companies as personal holding companies and calculation of the PHC tax.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0227

CTEC Credits: 6 Federal, 0 California

This interactive self-study course covers important aspects of corporate taxation. Lesson 1 explains the accumulated earnings tax (AET) and how and why it is imposed on corporations. Lesson 2 deals with tax credits and how the credits are allowed to offset the regular tax liability of a corporation. Lesson 3 covers how and when income taxes should be paid.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0228

CTEC Credits: 6 Federal, 0 California

This interactive self-study course provides an introduction to Shareholder Losses and Schedules K and K-1. The first lesson covers pass through items on Schedules K and K-1. The second lesson covers basis limitations when S corporation shareholders experience a loss. Passive Activity Losses are discussed in lesson three. The last lesson discusses how shareholder losses are affected by at-risk limitations.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0220

CTEC Credits: 9 Federal, 0 California

This interactive self-study course provides an introduction to the built-in gains tax and the tax on excess net passive income. S corporations have many nuances when it comes to taxation of their activities. The flow-through of these types of transactions is also discussed in this course. The last lesson covers other tax payments S corporations may have and how those taxes are remitted to the Treasury Department.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0221

CTEC Credits: 8 Federal, 0 California

This interactive self-study course discusses credits and payments related to Form 706/709. Lesson 1 covers Schedule P, Schedule Q, and other credits. Lesson 2 discusses tax payments and penalties for nonfiling and interest on unpaid taxes.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0231

CTEC Credits: 7 Federal, 0 California

This interactive self-study course discusses how Form 706 [United States Estate (and Generation-Skipping Transfer) Tax Return] is used to compute and report a decedent’s estate tax liability. Lesson 1 discusses how the GST tax is imposed, and Lesson 2 provides detailed information on taxable distributions and taxable terminations.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0232

CTEC Credits: 8 Federal, 0 California

This interactive self-study course provides an introduction to the general filing requirements for Form 990-PF. Lesson 1 discusses how all private foundations and nonexempt charitable trusts treated as private foundations must file Form 990-PF each year to avoid revocation of exempt status. Lesson 2 deals mainly with completion of Part I of Form 990-PF, column (a), that reports book income and expense. Lesson 3 covers net investment income and gross investment income. Lesson 4 discusses disbursements for charitable purposes. Lesson 5 explains Part II of Form 990-PF [Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation] and how to report the foundation’s balance sheet items. Lesson 6 explains the details of Part VIII of Form 990-PF [Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation], while Lesson 7 covers the income distribution requirements.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0211

CTEC Credit Hours: 7 Federal, 0 California

This interactive self-study course provides an introduction to various Parts of IRS Form 990. The first lesson discusses the Form itself and those questions on Form 990 to determine which schedules should be completed by the filing organization. Lesson Two focuses on reporting compensation, including compensation paid to Officers, Directors, Trustees, Key Employees, Highest Compensated Employees and Independent Contractors. Determining which of these individuals should also be reported on Schedule J is also discussed. The last lesson covers classification of revenue. An improper revenue classification can impact the organization’s tax-exempt status.

Grading Fee: $75

CTEC approved course.

CTEC Credits: 8 Federal, 0 California

CTEC Number: 3039-CE-0212

This interactive self-study course provides an overview of the tax laws that apply to common interest realty associations (CIRAs). Additionally, this course describes the specific tax principles and regulations that apply to CIRAs, as well as the tax filing options available to them. Finally, the course describes how to file the appropriate tax forms.

Grading Fee: $75

CTEC approved course.
CTEC Number:  3039-CE-0217.
CTEC CPE Credits:  8 Federal, 0 California.

This interactive self-study course provides an introduction to choosing an entity. Lesson 1 covers such topics as the advantages and disadvantages of operating as an LLC and whether or not some businesses may receive more favorable tax treatment by operating as an LLC. Lesson 2 discusses the tax year for an LLC which sometimes can become complex and confusing. Lesson 3 covers topics such as converting from another type of business entity to an LLC and the tax advantages of converting to an LLC.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0203

CTEC Credit Hours: 8 Federal, 0 California

An employer must carefully consider the benefits and costs associated with establishing, maintaining, and terminating a qualified retirement plan. This course examines qualified retirement plans and emphasizes information pertinent to plan selection, as well as procedures for establishing, and maintaining a plan.

Grading fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0218

CTEC CPE Credits: 8 Federal, 0 California

Tax law limits the amount of contributions that both the employer and the employee can make to a qualified retirement plan. Employers that maintain qualified plans are allowed deductions for contributions made to those plans in the current tax year. This course examines both contribution limits and deductions in more detail.

Grading Fee: $79

CTEC approved course.

CTEC Number: 3039-CE-0219

CTEC CPE Credits: 8 Federal, 0 California

This interactive self-study course summarizes a number of retirement programs that provide tax advantages to both employers and employees.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0205

CTEC CPE Credits: 6 Federal, 0 California

This interactive self-study course summarizes a number of retirement programs that provide tax advantages to both employers and employees.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0206

CTEC CPE Credits: 6 Federal, 0 California

This interactive self-study course discusses the advantages of the capital gain rules and lower dividend tax rates, tax strategies for cash and cash equivalents, as well as tax planning for stock and bond transactions, and other financial instruments.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0207

CTEC Credits: 8 Federal, 0 California

This interactive self-study course provides an introduction to several payroll tax issues surrounding employer liability, sharing employees between business affiliates, leasing employees, and several special classes of exempt employment.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0198

CTEC CPE Hours: 8 Federal, 0 California

This interactive self-study course provides an introduction to several payroll tax issues surrounding benefit plans. The first lesson deals with the tax treatment and reporting requirements of benefits purchased under a cafeteria plan. Also covered are general tax treatment of dependent care assistance programs, employer-provided educational assistance, and adoption assistance programs. The second lesson covers requirements for the employer and employee concerning health insurance, life insurance, and retirement plans.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0199

CTEC CPE Hours: 8 Federal, 0 California

This interactive self-study course covers important tax planning topics for S corporations. Lesson one discusses the basic requirements a corporation must meet to elect and maintain S status. Lesson two deals with many of the considerations that must be addressed before the decision to elect S status can be made and how to make the election.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0213

CTEC CPE Credits: 8 Federal, 0 California

This interactive self-study course covers important tax planning topics for S corporations. Lesson one focuses on the sale or other taxable disposition of stock by one shareholder to another individual shareholder, and it analyzes the consequences of that sale to the terminating shareholder, the S corporation, and the remaining shareholders. Lesson two focuses on the uses and advantages of stock redemption.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0214

CTEC CPE Credit: 8 Federal, 0 California

This interactive self-study course provides an introduction to the accounting periods and methods unique to S Corporations. The course includes topics such as choosing a fiscal year and selecting the appropriate accounting method. Other topics include:  when to capitalize a business expense and how S Corporations can claim the Section 199 deduction.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0215

CTEC CPE Credits: 8 Federal, 0 California

This interactive self-study course provides an introduction to the decisions necessary to elect and maintain a partnership as a business entity.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0208

CTEC CPE Hours: 6 Federal, 0 California

Lesson One of this course discusses which taxpayers are subject to the at-risk rules, which activities are subject to the rules and how these activities are aggregated, how amounts at risk are calculated, how borrowed amounts fit into the picture, and the recapture of prior losses when the amount at risk is reduced. Lesson Two of this course discusses the limitation on a taxpayer’s ability to deduct passive activity losses (PALs). Although the PAL rules were primarily intended to prevent abuses by tax shelters, their effects are far-reaching.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0209

CTEC CPE Credits: 8 Federal, 0 California

Lesson 1 of this course covers contributions of property and addresses aspects of the nonrecognition rule, disguised sale rules, and a variety of contributions to the partnership such as partnership debt, promissory notes, zero-basis receivables, appreciated or depreciated property, long-term contracts, and appropriate assets. Lesson 2 covers contributions of services and deals with issues such as understanding the tax treatment of a service partner, and valuing partnership interests acquired in exchange for services.

Grading Fee: $75

CTEC approved course.

CTEC Number: 3039-CE-0210

CTEC CPE Credits: 8 Federal, 0 California

This interactive self-study course provides an introduction to the Texas Franchise (Margin) Tax, including a discussion of combined reporting and unitary groups.

Grading Fee: $75

This course covers the preparation of the new Form 990 and the latest accounting and reporting requirements for nonprofit organizations. Focusing both on significant tax laws affecting nonprofit organizations and information return preparation, the course addresses new Form 990 information requirements and economical ways for compliance.

CTEC approved course

CTEC Number: 1013-CE-0174

CTEC CPE Credit: 8 Federal, 0 California

This interactive self-study course covers the Federal tax developments in the twelve months ending August 31, 2008. The course also addresses tax law changes and helps practitioners identify key planning ideas for their clients.

Grading Fee: $79

This course explains the new COBRA subsidy rules for the employer and the terminated employee.

Grading Fee: $59

CTEC approved course

CTEC Number: 1013-CE-0177

CTEC Credit Hours: 4 Federal, 0 California