New Online Accounting and Auditing Courses (1Q25)
Typically, the first quarter of each year is not a time when CPAs are actively taking training. They’ve just gone through a big end-of-year push to meet their state’s requirements. And, you know, they generally have other things going on during Q1 (busy season, anyone?)! While most of the profession is busy doing what they do best and putting the CPA license to work, we are no different here at GAAP Dynamics! This quiet training time allows us to focus on our own development and program new courses and plan for the new training season! During the quarter, we added several new online accounting and auditing courses to the GAAP Dynamics Learning Library. This post provides a brief overview of these new, CPE-eligible online courses.
New online accounting courses (U.S. GAAP)
During the 1st quarter 2025, we released the following CPE-eligible, online U.S. GAAP courses:
Introduction to U.S. GAAP (1.0 CPE)
Are you new to the accounting and reporting requirements under U.S. Generally Accepted Accounting Principles (US GAAP)? If so, this one-hour introduction to US GAAP CPE course provides you an introduction to everything you need to know to begin your journey from US GAAP novice to expert! Join our expert facilitators, Bob and Rachel, on a fun and informative journey. They’ll explore all the information you need to know to get started with US GAAP. This includes how it is organized, who is responsible for determining GAAP, and how the SEC is involved in setting accounting standards.
Whether you’re an IFRS expert embarking on your first foray into the world of US GAAP or a new auditor or accountant, this introduction to US GAAP CPE course will give you the edge you need to navigate US GAAP standards and understand the standard-setting process.
Statement of Cash Flows: Overview of ASC 230 (1.0 CPE)
While often overlooked, the statement of cash flows is perhaps the most important financial statement! Proper presentation begins with understanding what qualifies as cash and cash equivalents (and what does not) and how to classify cash flows into operating, investing, or financing activities. In this statement of cash flows CPE course, we’ll start with a high-level overview of the statement of cash flows, including why it is such an important statement to investors. Next, you learn the definition of cash and cash equivalents and how that impacts the statement of cash flows. After that, you explore how the statement of cash flows is prepared, including the two methods of preparation. Finally, you learn about classifying cash flows as operating, investing, or financing in the statement of cash flows.
Statement of Cash Flows: Advanced Issues (1.5 CPE)
Proper presentation begins with understanding what qualifies as cash and cash equivalents (and what does not) and how to classify cash flows into operating, investing, or financing activities. In this statement of cash flows CPE course, we’ll refresh these important concepts of the statement of cash flows, which is governed by ASC 230. After that, you’ll dive deeper into some of the common implementation issues when preparing a statement of cash flows. This includes topics such as classification, industry-specific considerations, the impact of business combinations on the statement of cash flows, foreign currency and the statement of cash flows, and more!
Going Concern: Accounting and Audit Considerations (1.5 CPE)
Under U.S. GAAP, financial reporting assumes an entity will continue as a going concern unless liquidation becomes imminent. However, even if liquidation isn’t imminent, management must adhere to specific going concern disclosure requirements when there is substantial doubt about the entity’s ability to continue operating. ASC 205-40, Presentation of Financial Statements – Going Concern, defines management’s responsibilities for assessing and disclosing these issues. Auditors also have critical responsibilities, with auditor requirements for going concern outlined in AS 2415 (Consideration of an Entity’s Ability to Continue as a Going Concern), AU-C Section 570 (for audits under U.S. GAAS), and ISA 570 (for audits under international standards).
This going concern CPE-eligible eLearning course begins by analyzing U.S. bankruptcy cases and the timing of going concern disclosure requirements in financial statements. (Spoiler alert: management and auditors often struggle to predict the future accurately!) The course then delves into management’s going concern disclosure requirements under ASC 205-40. It concludes by examining auditor requirements for going concern under PCAOB standards, U.S. GAAS, and ISAs, while highlighting key differences between these frameworks.
SEC Reporting: Pay vs. Performance Disclosures (0.5 CPE)
The Securities and Exchange Commission (SEC) implemented disclosure requirements under Regulation S-K, mandating that publicly traded companies provide clear and comparable disclosures regarding the relationship between executive compensation and financial performance. This SEC pay vs. performance CPE eLearning course (0.5 CPE) helps accountants, auditors, and financial professionals understand and apply these rules effectively. It is interactive, easy to understand, and full of practical examples and insights.
Cybersecurity: Financial Reporting Issues and SEC Disclosures (1.0 CPE)
Cybersecurity has emerged as a critical concern for businesses, with far-reaching implications for financial reporting. According to IBM’s Cost of a Data Breach Report 2023, over 80% of organizations experience more than one data breach in 2022 and the global average cost of each breach is $4.5 million. The increasing frequency and sophistication of cyber threats, coupled with evolving regulatory landscapes, have created a complex environment that demands the attention of financial statement preparers and auditors. In this cybersecurity disclosures CPE course, you’ll investigate the landscape and explore the SEC disclosure requirements.
New online accounting course (IFRS)
During the 1st quarter 2025, we released the following CPE-eligible, online IFRS course:
Financial Instruments: Hedge Accounting under IFRS 9 (1.5 CPE)
Entities are exposed to many risks, but they can often mitigate their financial risks using financial instruments called derivatives. Such risks include interest rate risk, foreign currency risk, and price (or market) risk. But there’s one small catch! Derivative instruments can create volatility in earnings because these instruments are normally recorded at fair value with changes in fair value recorded through profit or loss in accordance with IFRS 9. However, the underlying hedged item is accounted for using other standards which creates an accounting mismatch. Enter hedge accounting! Upon meeting strict criteria, hedge accounting may be used to reduce this income statement volatility. So why doesn’t everyone do it? Because it’s complex! This hedge accounting under IFRS 9 CPE eLearning course (1.5 CPE) walks through hedge accounting under IFRS 9 in a way that is easily understood.
New online auditing courses
During the 1st quarter 2025, we released the following CPE-eligible, online Audit courses:
Introduction to QC 1000: A Firm’s System of Quality Control (1.0 CPE)
A properly functioning QC system should provide the firm with reasonable assurance that the work performed by engagement personnel meet applicable professional standards, regulatory requirements, and the firm’s standards of quality. Firstly, this QC 1000 CPE webinar (1.0 CPE) discusses the importance of audit quality. As a result, we discuss why the new quality management standards were needed. After that, it provides an overview of the firm’s system of quality control, walking through each of the eight components of a firm’s QC system including:
- Establishing quality objectives
- Identifying and assessing quality risks
- Designing and implementing quality responses
Finally, it ends with a look at the requirements for monitoring and remediation.
SQMS 1: A Firm’s System of Quality Management (SOQM) (1.0 CPE)
A properly functioning system of quality management (SOQM) should provide the firm with reasonable assurance that the work performed by engagement personnel meet applicable professional standards, regulatory requirements, and the firm’s standards of quality. Therefore, this SQMS 1 webinar (1.0 CPE) begins with a discussion on the importance of audit quality. Subsequently, it discusses why new quality management standards were needed. After that, it provides an overview of the firm’s SOQM. Finally, it walks through each of the eight components of a firm’s SOQM, including the requirements for firms to evaluate their SOQM.
Related Parties (1.0 CPE)
Related party transactions have been an area of focus for regulators due to their risk of fraudulent financial reporting. This CPE eligible course (1.0 CPE) will discuss the scope and various definitions of a related party transaction. As you learn, there are many regulations you consider when identifying and defining a related party transaction! This course covers the required disclosures included within U.S. GAAP (ASC 850, Related Party Transactions). The course includes the procedures that both entities preparing and reporting financial statements under U.S. GAAP must follow. After that, it spends most of the course time focusing on the requirements of auditors surrounding related party transactions. After all, how can you audit something if you don’t properly understand the accounting requirements?
Evaluating Audit Results (1.0 CPE)
While identifying risk and performing audit procedures are important parts of an audit, evaluating the results of those procedures are just as important. If audit results aren’t evaluated, then an audit opinion cannot be issued! This CPE course on evaluating audit evidence gives you the knowledge you need to know what it takes to evaluate audit results in a financial statement audit. It’s a complex topic under both. U.S. GAAS and PCAOB auditing standards, because the requirements are governed by various auditing standards. This course includes a discussion of the following PCAOB and U.S. GAAS standards:
- AS 2810, Evaluating Audit Results
- AS 1215, Audit Documentation
- AU-C Section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
- AU-C Section 450, Evaluation of Misstatements Identified during the Audit
Updated online courses
With GAAP Dynamics, you know that our online course content is always relevant, timely, and updated in accordance with the Standards for Continuing Professional Education (CPE) required by the NASBA. Every quarter, we update our courses to make sure that the content is accurate and our courses reflect learner comments to be even more effective!
During the quarter, we updated and republished the following online accounting and auditing courses in accordance with NASBA requirements:
- Employee Benefits: Defined Benefit Plans and Other Issues under IAS 19
- Fair Value: Hierarchy Issues
- Fair Value: Restrictions on the Sale of Assets
- Impairment: PP&E and Intangible Assets
- Income Taxes: Deferred Tax and Valuation Allowance
- Income Taxes: Uncertainty in Income Taxes
- Investment Management: Investments
- Investment Management: Transactions with Service Providers
- Revenue: Overview of ASC 606
- Stock Compensation: Scope, Classification, and Measurement
Find these online courses and many more on our GAAP Dynamics Learning Library.
Discounts
Looking to train your team? We provide volume and multi-year discounts for all our online accounting and auditing courses available on the GAAP Dynamics Learning Library. Contact us today to learn more! r discounts for all our online accounting and auditing courses available on the GAAP Dynamics Learning Library. Contact us today to learn more!
About GAAP Dynamics
We’re a DIFFERENT type of accounting training firm. We view training as an opportunity to empower professionals to make informed decisions at the right time. Whether it’s U.S. GAAP, IFRS, or audit training, we’ve trained thousands of professionals since 2001, including at some of the world’s largest firms. Our promise: Accurate, relevant, engaging, and fun training. Want to know how GAAP Dynamics can help you? Let’s talk!
Disclaimer
This post is for informational purposes only and should not be relied upon as official accounting guidance. While we’ve ensured accuracy as of the publishing date, standards evolve. Please consult a professional for specific advice.
