Accounting Essentials Dec-2022 Bootcamp

DEC
3
Saturday, 9:00 am - 4:00 pm
 
Location: Online Bootcamp (Zoom)
 
Instructor: John Lacey, PhD, CPA
 
Time: Class: 9:00 am - 4:00 pm (1 Hour Lunch Break)
 
Dress: Not Applicable
 
Add to Calendar 12/03/2022 9:00 AM 12/03/2022 4:00 pM America/Los_Angeles Accounting Essentials To help such candidates advance, we offer an Accounting Essentials course that provides the skills Level I CFA candidates need to study effectively the accounting and financial analysis topics of the CFA exam. We also offer this course to professionals who wish to strengthen their background in accounting or who are looking for a career change that requires accounting knowledge. The instructor for this course has served as an instructor for the USC/CFALA CFA Review Program and understands how to bridge this critical knowledge gap. Zoom Virtual Workshop CFALA cfareview@cfala.org false MM/DD/YYYY

The CFALA Board of Governors continues to support candidates and investment professionals by significantly subsidizing bootcamps that contain or support the CFA Curriculum.

This bootcamp is designed for Level I CFA Candidates who are looking for a stronger accounting foundation prior to the CFA Exams and to Investment Professionals who are hoping to build a stronger understanding of Accounting Principles. 

The CFA Program assumes a working knowledge of basic principles of accounting and finance. However, many Level I CFA candidates are weak in these areas and may flounder when confronted with CFA curriculum materials that assume familiarity with these concepts. To help such candidates advance, we offer an Accounting Essentials course that provides the skills Level I CFA candidates need to study effectively the accounting and financial analysis topics of the CFA exam. We also offer this course to professionals who wish to strengthen their background in accounting or who are looking for a career change that requires accounting knowledge. 

The 2023 CFA Level I Study Guide stated, “Candidates are expected to be familiar with the analytical frameworks contained in the readings, as well as the implications of alternative accounting methods for financial analysis and valuation discussed in the readings. Candidates are also responsible for the content of accounting standards” The Accounting Essentials course outline reflects these prerequisites:

INTRODUCTION – THE PROCESS OF ACCOUNTING
* Event • Revenue, expense and owners’ equity
* Record (journal) • Reporting
* Summary (ledger) • Limitations
* Report (financial statements) • Historical cost
* Assets, liabilities and owners’ equity • Operating cycle
* Valuation • Revenue recognition and value
* Materiality • Matching costs, entity

BALANCE SHEET
* Assets: cash; short-term investments; accounts receivable; inventory; prepaids; property, plant and equipment; accumulated depreciation; investments; intangibles
* Liabilities: accounts payable, other current liabilities, lease liabilities, pension liabilities, deferred income taxes, contingencies
* Owners’ Equity: preferred stock, common stock, retained earnings, foreign currency adjustment, treasury stock
* Income Statement: sales, cost of goods sold, operating income, earnings per share
* Other Required Disclosures
* Summary: accounting process, transaction focus, values on the financial statements

A Recording of this bootcamp will be provided. This recording will expire 60 days after it has aired.


Recommended Text (not provided): Essentials of Accounting, Robert N. Anthony and Leslie Pearlman Breitner, 11th Edition - $56.98

John M. Lacey, Ph.D., CPA, is Ernst & Young Research Fellow and Professor of Accountancy at California State University - Long Beach. He previously taught at the School of Accounting at the University of Southern California (USC) and at Anderson Graduate School of Management at UCLA. He earned his Ph.D. at UCLA and earned his MBA and BS degrees at USC. Professor Lacey is a CPA and has served on several committees and tasks forces for the American Institute of Certified Public Accountants (AICPA), including the Accounting Standards Executive Committee (AcSEC). Professor Lacey has also served as Chair of the California Society of CPAs Accounting Principles and Auditing Standards Committee and chaired its Special Committee on the future of the accounting profession. He has also taught regularly for a large investment management firm, for banks, and for various judicial organizations. Professor Lacey is the author of a research study on auditor independence commissioned by the Chief Accountant of the Securities & Exchange Commission. Professor Lacey is widely published and also serves as an expert witness in major legal cases involving accounting and financial issues. Prior to his academic career, Professor Lacey was a supervisor in the national office of a major CPA firm and served as corporate officer and controller of a manufacturing company.

Registration Fees
$25 (All Users)
 

If you are on Active Duty or are a Disabled Veteran, please email proof of status to info@cfala.org for free registration.

Registration is open to everyone. You do NOT need to be a member of CFA Society Los Angeles to register.

.Payment Information
We accept the following:

If you prefer to pay by check please email  cfareview@cfala.org and request to pay by check. Your registration will be completed

manually and you will receive access once your check has been deposited.

Mail check to:
CFA Society of Los Angeles, 13400 Riverside Drive, Ste 215, Sherman Oaks, CA 91423.

*Credit card payments will only be accepted through the secure online registration, and not by phone or email.

Cancellations
Cancellations must be received in writing by 9:00 am the day prior to the event to receive a refund. No phone cancellations are accepted. Please fax to the CFALA office at (213) 613-1233 or e-mail info@cfala.org.
Chairs: Larry Harris, PhD, CFA and James Lewis, CFA, CIPM

 

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