At the beginning of 2018, we announced that we would “soft” launch our online learning platform, the Revolution, in July. I am happy to report that last week we received notification from the NASBA that GAAP Dynamics is an approved sponsor on the National Registry of CPE Sponsors to grant continuing professional education (CPE) credits for the QAS Self-Study delivery method.

A QAS Self-Study program is an educational program completed individually without the assistance or interaction of a real time instructor. Essentially, it’s an eLearning module that the learner completes at their own pace. The approval process, while not especially difficult, was very thorough, taking nearly five months to complete.

QAS Self-Study programs must elicit participant responses to test for understanding of the material, with appropriate feedback provided. We accomplish this through a series of knowledge check questions scattered throughout the module that align with the learning objectives of the course. In addition, satisfactory completion of the program must be confirmed during or after the program through a qualified assessment. We require learners to take a post-course assessment, scoring 75% or more, before we grant CPE certificates.

We were already approved to grant CPE related to the Group Live and Group Internet Based (i.e. webinars) delivery methods. This means that the Revolution is ready for liftoff!We expect to “soft” launch the platform in the coming days, just in time (hopefully) for the fall training season. Our team of programmers are busy putting the final touches (and testing…there’s lots of testing) on several modules that will be released in the coming months:

September 2018

• Investments in equity securities (ASC 321)
• Fair value measurements (ASC 820): Parts I and II
• Revenue from contracts with customers (ASC 606): Parts I, II and III
• Accounting for income taxes (ASC 740): Part I
• Impairment of goodwill (ASC 350)
• Accounting for foreign exchange (ASC 830)

October 2018

• IFRS 9 Financial Instruments learning path
• ASUs effective in 2018

November 2018

• Accounting for income taxes (ASC 740): Parts II and III
• Investment Management Baseline learning path

December 2018

• Business combinations (ASC 805): Parts I and II
• Impairment of tangible and intangible assets (ASC 350 / ASC 360)

Want to learn more about the Revolution? Check out these videos:

We expect to officially reveal the Revolution to our colleagues at the AICPA Conference on Current SEC and PCAOB Developments in Washington D.C. on December 10-12, 2018. Come by our booth and say “Hi!”

“Only those who will risk going too far can possibly find out how far one can go.”
– T.S. Eliot

Disclaimer

This post is published to spread the love of GAAP and provided for informational purposes only. Although we are CPAs and have made every effort to ensure the factual accuracy of the post as of the date it was published, we are not responsible for your ultimate compliance with accounting or auditing standards and you agree not to hold us responsible for such. In addition, we take no responsibility for updating old posts, but may do so from time to time.