Tax Seminars 2017: Learn More About CPE Credits for Taxation Subject Area
Those CPA licensees participating in formal programs of learning are given awarded by the Education Department CPA licensees Continuing Professional Education (CPE) credits basing on Section 70.6 of the Regulations of the Commissioner of Education and Section 7409 of New York State Education Law. CPA licensees are rewarded CPE credits if they participate in formal learning programs which can contribute to maintenance and development of their professional competence, and fall within any of these subject areas: accounting, auditing, taxation, advisory services, ethics and specialized knowledge and applications related to specialized industries. Remember though that CPE credits are not given to those CPA licensees who only focus on marketing or improving the profitability of professional services or accounting firms.
Now let us talk in detail the different CPE approved subject areas used in CPE classes and seminars. For CPE accounting courses, these are primarily involved in focusing on the development of the professional knowledge and skills basing on accounting processes, accounting principles, comprehensive basis of accounting and financial reporting. Standard and governing regulatory bodies issue accounting subject matters such as accounting principles, authoritative pronouncements and other related subjects classified basing on accounting discipline. The different topics discussed in accounting subject would cover financial reporting standards and requirements, preparation and compilation, internal controls for non-profit and profit entities, measurement, recognition and presentation of specific financial statement items, and accounting concepts and principles. For the subject area of auditing, this would include financial statements examination and reporting, operations or government programs and review and examination of administrative and internal controls. Auditing subject matter covers financial statements, computer audits, government audits, audit theory and philosophy, review services, auditing standards, evaluation of internal controls, audit procedures, audit sampling, and securities and exchange commission audit requirements and activities.
Taxation subject matter, on the other hand, covers international, state,federal and local tax, tax planning for individuals, and tax planning for real estates, businesses and trusts. The different tax compliance topics are Internal Revenue Service examination, request, ruling and protests, and tax return reviews and preparation. Tax planning involves focusing on the application of tax rules to different transactions most especially understanding tax implications of complex and unusual transactions. The different programs under taxation programs include the application of tax rules to the different types of taxpayers and forms, tax theory and research, types of taxpayers, specialized taxes, return preparation, tax-exempt organizations, examinations of tax authorities, rulings and appeals, employee compensation, tax accounting and tax deferral plans. When it comes to advisory services, this CPE approved subject matter may include the design, analysis, control, evaluation and implementation of systems that may generally affect the planning, organizing and controlling of any stage of activity in a nonprofit enterprise or business.5 Uses For Seminars