CAS Training: Software Best Practices & Common Reports

Overview

You could pay $0 for this course!
This qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% reimbusement, and firms/companies with over 100 staff will receive 50% reimbursement. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website three weeks in advance to be eligible. The course code for this program is 1147713. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

There can be no doubt that accounting and tax software capabilities have improved drastically over time. Gone are the days of paper reconciliations and 10-key tapes attached to reports. However, as automation has increased, practitioners may wonder whether the software is performing all the critical checks that it should. When software reconciles an account, can we rest assured that it is correct? Are there key screens that we should be looking at as a part of our month-end processes? How can we be sure that automated transactions are coming over correctly? In this course, we will dig into what the software is doing and how we can be sure the software is correct. We will also discuss how to investigate variances and apply analytical techniques to month-end reporting.

Highlights

- Designing proper account reconciliations
- Best practices for account reconciliations
- Key reports from accounting and tax software packages
- Common errors when dealing with automated transactions
- Account variance analysis
- Linear regression analysis on month-end balances
- Horizontal and financial statement vertical analysis

Designed For

Tax practitioners, small business owners, and other accountants looking to serve their companies or clients in the areas of payroll services or operations

Objectives

• Identify best practices related to account reconciliations

• Recognize common reports from accounting and tax software packages

• Recall common review techniques for automated transactions and month-end account balances

This event is part of the following bundles:

Client Advisory Services Bundle

Multiple Events Between Tuesday, October 1 - Wednesday, October 9

Eligible for 7.00 Credits

Member Price: $219

You could pay $0 for this course!This qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% reimbusement, and firms/companies with over 100 staff will receive 50% reimbursement. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website three weeks in advance to be eligible. The course code for this program is 1147717. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

Fees

Credits

Level

Fields of Study

Leader(s):

David Peters, American Institute of CPAs

Leader Bios

David Peters, American Institute of CPAs

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a Financial Advisor for Carroll Financial Associates in Charlotte, NC. He has over 14 years of experience in financial services, including 3 years in the hedge fund industry and 6 years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com, a position he held for over 3 years. He is an Adjunct Professor in Accounting & Finance at Winthrop University in Rock Hill, SC, and a National Instructor for the AICPA. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the US. He holds four masters’ degrees and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. David was also a co-author of the 2018 Virginia CPA Ethics course—a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative of and securities offered through Cetera Advisor Networks, LLC, Member SIPC/FINRA. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Advisor. Carroll Financial and Cetera Advisor Networks, LLC are not affiliated

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