The morning session will cover the basic tools necessary to project the balance sheet and statements of income and cash flows. Learn to determine maximum sustainable growth, predict external funds needed, identify the evidence of growth mismanagement and more. The afternoon session covers what CPAs need to be aware of the ethical standards and principles that impact the services they provide. This program includes a review of independence and other ethics rules of the New Jersey State Board of Accountancy.
DESIGNED FOR
Financial executives responsible for preparing company forecasts and projections · Non-financial executives with some financial background CPAs in public practice as well as CPAs employed in private industry.
BENEFITS
- Understand and apply the basics of planning and forecasting financial statements
- Utilize a basic forecasting model
- Identify the evidence of growth mismanagement
- Gain an understanding of the analysis of projected or forecasted financial statements
- Identify independence issues
- Comply with other ethics requirements such as providing records, commissions and contingent fees, etc.
HIGHLIGHTS
The morning session: Financial Forecasting and Decision Making
- The basic forecasting model
- Forecasting the balance sheet using the percent-of-sales method
- Evidence of growth mismanagement
- Management uses of the forecasting technique – planning financial structure and working capital managemen
The afternoon session: New Jersey Law and Ethics
- Topics include case studies on independence and continuing professional education, record retention and much more
- This course has been fully updated and fulfills the mandatory ethics requirement for the 2015-2017 triennial reporting period
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- New York CPA licensees please note: If you also have an active NJ CPA license, this course will fulfill your NY Ethics requirement as well as the NJ Law & Ethics requirement.
- Due to the regulatory nature of the Ethics requirement, late arrivals or early departures will not be permitted. You must attend the Ethics portion in its entirety in order to claim CPE credit.