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 accounting subject, it focuses on developing the professional knowledge and skills in relation to accounting principles, accounting processes, financial reporting and comprehensive basis of accounting. 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. When it comes to auditing, this subject area would include review and examination of administrative and internal controls, financial statements examination and reporting, and operations or government programs. 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. Tax compliance core topics include Internal Revenue Service examination, ruling, requests and protests, and tax return preparation and tax reviews. Tax planning involves focusing on the application of tax rules to different transactions most especially understanding tax implications of complex and unusual transactions. Taxation programs found on CPE seminars and classes may include application of tax rules to different types of tax payers and forms, return preparation, tax-exempt organizations, tax theory and research, types of taxpayers, specialized taxes, examinations of tax authorities, rulings and appeals, employee compensation, tax accounting and tax deferral plans. When it comes to advisory services, this subject matter include the design, control, analysis, evaluation and implementation of systems affecting the planning, organizing and controlling of any phase of activity in a nonprofit enterprise or business.Finding Parallels Between Activities and Life