CPE Topic Overviews 

KPMG Learning offers courses in the following topics:

 

Topic

Overview

Business Combinations

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 805, Business Combinations. The courses include information about the financial effects and reporting implications of an acquisition. These include recognizing/measuring the (1) identifiable assets acquired, (2) liabilities assumed, and (3) noncontrolling interest in the acquiree, as well as recognizing/measuring goodwill or a gain from a bargain purchase.

 

Example of KPMG Learning CPE courses on this topic:

  • Accounting for Business Combinations and Noncontrolling Interests
  • Mastering Acquisitions and Buyouts
  • Not-for-Profit Entities: Mergers and Acquisitions

Compensation

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 710, Compensation-General, ASC Topic 712, Compensation-Nonretirement Postemployment Benefits, and ASC Topic 718, Compensation-Stock Compensation. The courses include information about various types of compensation, including share-based compensation, termination benefits and performance-based awards.

 

Example of KPMG Learning CPE courses on this topic:

  • Accounting for Share-Based Payments
  • Volatility Assumptions in Share-Based Payments

Consolidation and Equity Method Investments

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 810, Consolidation and ASC Topic 323, Investments – Equity Method and Joint Ventures. The courses include information about:

  • variable interest entities
  • noncontrolling interests
  • changes in ownership interests of a subsidiary
  • deconsolidation
  • application of the equity method of accounting to investments

 

Example of KPMG Learning CPE courses on this topic:

  • Accounting for Consolidation of Variable Interest Entities
  • FASB’s Proposed Consolidation Guidance on Principal and Agent Relationships
  • FAS 166 (ASC 860) and FAS 167 (ASC 810) - In-depth

Derivatives and Hedging

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 815, Derivatives and Hedging. The courses include information about:

  • freestanding and embedded derivatives
  • hedging relationships (including fair value, cash flow, and net investment hedges)
  • testing for hedge effectiveness

 

Example of KPMG Learning CPE courses on this topic:

  • Hedge Accounting
  • Accounting for Foreign Currency & Interest Rate Derivatives
  • FASB’s Proposed Changes to the Accounting for Derivative Instruments and Hedging Activities

Ethics and Compliance

CPE Courses within this topic cover a variety of topics such as individual and management responsibilities and ethical decision making. Courses also cover specific areas of compliance risk, including:

  • Privacy
  • Anti-Bribery; Foreign Corrupt Practices Act
  • Anti-Trust

 

Additionally, this topic includes courses that will satisfy the Ethics CPE requirements of various State Boards.

 

Example of KPMG Learning CPE courses on this topic:

  • NY State Ethics Foundation Training
  • UK Bribery Act 2010 and Compliance and Benchmarking Survey

Fair Value Measurement

CPE Courses within this topic cover financial accounting and reporting under FASB ASC Topic 820, Fair Value Measurements and Disclosures. The courses include information about fair value measurements, disclosure requirements, valuation techniques, and impairment, related to various types of financial and nonfinancial assets and liabilities.

 

Example of KPMG Learning CPE courses on this topic:

  • Amendments to Fair Value Measurement and Disclosures
  • Fair Value Measurements - Valuation Techniques for Nonfinancial Assets and Liabilities
  • Impairment of Non-Financial Assets - Practice Issues and Challenges

Financial Instruments

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 825, Financial Instruments. The courses include information about:

  • financial instruments
  • the fair value option
  • registration payment arrangements
  • credit losses on financial instruments with off-balance-sheet credit risk
  • disclosures about financial instruments

 

Courses also include information about the financial instruments convergence project.

 

Example of KPMG Learning CPE courses on this topic:

  • Impairment of Financial Instruments
  • Accounting for Financial Instruments and Hedging Activities
  • Derecognition/Transfers of Financial Assets: IAS 39

Financial Reporting, Planning, and Analysis

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 210, Balance Sheet, ASC Topic 225, Income Statement, ASC Topic 230, Statement of Cash Flows, ASC Topic 235, Notes to Financial Statements, ASC Topic 280, Segment Reporting, ASC Topic 855, Subsequent Events, ASC Subtopic 205-10, Presentation of Financial Statements - Overall and ASC Subtopic 205-20, Presentation of Financial Statements – Discontinued Operations. The courses include information related to:

  • balance sheet classification
  • general income statement guidance and the presentation of extraordinary and unusual items
  • presentation and classification between operating, investing, and financing activities
  • presentation and disclosure of discontinued operations

 

Courses also include information about analyzing financial performance and modeling and projecting financial statements.

 

Example of KPMG Learning CPE courses on this topic:

  • Statement of Cash Flows
  • Modeling and Projecting Financial Statements
  • Accounting for Foreign Operations

GASB

CPE Courses within this topic cover financial accounting and reporting requirements for entities that report in accordance with the requirements set forth by the Governmental Accounting Standards Board.

 

Example of KPMG Learning CPE courses on this topic:

  • GASB Statement No. 54 – Fund Balance Reporting and Governmental Fund Type Definitions
  • GASB Statement No. 54 – Fund Balance Reporting and Governmental Fund Type Definitions – Implementation Issues

General Accounting Update

CPE Courses within this topic cover recent accounting updates, mainly from the FASB and SEC. CPE Courses within this topic will generally be brief overviews of accounting updates spanning across multiple topics. The focus of this topic is to enable users to stay current on accounting developments and to identify specific topics where they wish to obtain more in-depth training.

 

Example of KPMG Learning CPE courses on this topic:

  • General Accounting Update - In-depth
  • FASB Accounting Course
  • FASB Staff's Recommendations for a Private Company Decision Making Framework

IFRS

CPE Courses within this topic cover financial accounting and reporting in accordance with International Financial Reporting Standards. The courses include information related to an array of IFRS topics, including, but not limited to:

  • first time adoption of IFRS (IFRS 1)
  • business combinations and noncontrolling interests (IFRS 3)
  • derivatives and hedge accounting (IAS 39, IFRIC 9, and IFRIC 16)
  • inventories (IAS 2)
  • investment property (IAS 40)
  • revenue recognition (IAS 18)
  • IFRS for small and medium sized entities

 

Example of KPMG Learning CPE courses on this topic:

  • IFRS – Inventories – IAS 2
  • IFRS vs. U.S. GAAP
  • Financial Instruments – IFRS 9, Classification and Measurement

Income Taxes

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 740, Income Taxes. The courses include information related to

  • accounting and reporting for income taxes that are currently payable or refundable
  • deferred tax assets and liabilities
  • the valuation allowance for deferred tax assets that are not expected to be realized based on the more likely than not criterion
  • intraperiod tax allocations
  • interim reporting

 

Example of KPMG Learning CPE courses on this topic:

  • Income Tax Accounting - Principles and Application
  • Advanced Accounting for Income Taxes
  • IAS 12: Income Taxes

Industry Specific Courses

CPE Courses within this topic relate to accounting issues that are unique to a particular industry. Industries covered include:

  • Consumer Markets
  • Financial Services
  • Government
  • Healthcare and Pharmaceuticals
  • Industrial Markets
  • Information, Communications, and Entertainment

 

Example of KPMG Learning CPE courses on this topic:

  • Insurance Contracts IASB/FASB Joint Project
  • IFRS Phase II for Insurers

Intangibles-Goodwill and Other

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 350, Intangibles - Goodwill and Other. The courses include information related to recognition, subsequent measurement, impairment, presentation, and disclosure of goodwill. Courses also address accounting for initial measurement of other intangibles and accounting for internal-use software and website development costs.

 

Example of KPMG Learning CPE courses on this topic:

  • ASU 2011-08, Testing Goodwill for Impairment
  • Impairment of Nonfinancial Assets

Leases

CPE Courses within this topic cover accounting and reporting under ASC Topic 840, Leases. The courses include information about:

  • classification of leases (operating versus capital)
  • leasehold improvements
  • sale-leaseback transactions
  • presentation and disclosure requirements

 

Courses also include information about the leases convergence project.

 

Example of KPMG Learning CPE courses on this topic:

  • Accounting for Leases
  • FASB/IASB Lease Accounting Proposals: Preview to Re-Exposure
  • Leases – IAS 17, IFRIC 4, and SIC 27

Other Accounting Topics

This CPE topic will include an array of courses that are not included in any of the other topics, such as courses related to:

  • Commitments and Contingencies
  • Convergence
  • Debt, Equity, and Earnings Per Share
  • Inventory
  • Transfers and Servicing
  • Other Assets
  • Property, Plant, and Equipment
  • Reorganization

Plan Accounting

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 715, Compensation-Retirement Benefits. The courses include information about employer sponsored defined benefit plans, defined contribution plans, multiemployer plans and other post-employment benefits.

 

Example of KPMG Learning CPE courses on this topic:

  • Common Application and Disclosure Questions - Post-retirement Benefit Accounting
  • Financial Statement Impact of Compliance Errors and Corrections
  • Pensions and Post-Employment Benefits: IAS 19

Revenue Recognition

CPE Courses within this topic cover financial accounting and reporting under ASC Topic 605, Revenue Recognition. The courses include information related to:

  • general revenue recognition considerations
  • multiple-element revenue arrangements
  • construction-type and production-type contracts
  • deferred revenue
  • the milestone method of revenue recognition

 

Courses also include information about the revenue recognition convergence project.

 

Example of KPMG Learning CPE courses on this topic:

  • Revised Revenue Recognition Exposure Draft – Application Issues
  • Revenue Recognition – Intermediate
  • Revenue Recognition - Multiple Deliverable Revenue Arrangements

SEC

CPE Courses within this topic cover financial accounting and reporting requirements that are specific to companies subject to SEC reporting requirements. The courses include information related to SEC reporting and compliance, including requirements specific to banks, MD&A disclosures, and the SEC Work Plan on IFRS.

 

Example of KPMG Learning CPE courses on this topic:

  • SEC Reporting & Compliance
  • MD&A Disclosures Workshop
  • SEC Work Plan on IFRS
  • SEC Regulatory Update

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