Foundational Skills

One of the strongest benefits to AGN members over the years has been the technical training we offer at the beginning of a career. We are very proud to say that we have had a role in the development of several hundred professionals within our member firms. 
 
The AGN Foundational Skills (formerly Staff Training) program has always provided a variety of benefits, but now, with the collaboration of Clark Schaefer HackettAICPA and AuditSense, we have enhanced it to fit the needs of today’s young talent as well as our member firms. 
 
This new curriculum is focused on creating excellent accountants as well as excellent leaders. We are training the next generation of partners, and by blending professional skills with the technical at the earliest levels, we are creating a level of critical thought, ownership and responsibility that is necessary to succeed. Each level will address important technical topics and trends, whether tax or audit, and will also dedicate time to key professional skillsets, like time management, business development, project management and more.



Foundational Skills 1
Training starts on the first day of work.  It is imperative that you surround new team members with your firm’s unique culture and introduce the resources available to them on a daily basis. We understand that means that often the firm-specific information on systems, processes and the location of the bathrooms is intermixed with more general technical and soft skills content.

That is why AGN and Clark Schaefer Hackett have created a complimentary Guide to Level 1 Foundational Skills for you to implement within your firm. Whether you’re doing this for two people or twenty, you can use this comprehensive outline to ensure that you’re touching on all of the key topics during your onboarding process. Additionally, you’ll be preparing your staff members for the upcoming levels in the AGN: ADVANCE Foundational Skills program, setting their mindset and expectations for future training.

Please feel free to alter our suggestions and tailor them to your firm. If you have any questions or suggestions, please feel free to share!
 

Foundational Skills 2
Summer Session: June 24 - 28 (Atlanta, GA)
Fall Session: October 21 - 25 (Cincinnati, OH)
COST: Audit - $1,450 per person | Tax - $1,450 per person
(Above costs do not include airfare, hotel, and ground transportation) 


AGN is utilizing the services of AuditSense for the audit class, and AICPA for the tax class. This will include the audit and tax technical content currently covered in AGN's Staff Training Program. New this year is the additional day of business development and soft skills training.

PLEASE NOTE:
Arrive Sunday, June 24 or October 21 in time for the reception at 7:30 pm.
Class will be from 8 am - 5 pm June 25-28 and October 22-25

Firms are responsible for booking their own hotel and flights. To book hotels, please visit the corresponding link on the Hotel tab.


Prerequisites: Professionals with at least 2 years of public accounting experience: Audit - Staff Associate; Tax - Future Tax Specialist
Program Level: Basic
CPE hrs./Field of Study:
Audit:
24 hrs in Auditing, 10 hrs. in Professional/Business Development | Tax: 24 hrs. in Taxes, 10 hrs. Professional/Business Development

Audit Learning Objectives:
• Understanding the differences between marketing, sales, client development
• Identify personal brand though creating a personal brand strategy map 
• Assess current relationships and identify what relationships are critical to your success 
• List, define and understand key terms of the Audit Process
• Describe the interrelationship between audit assertion and procedures
• Describe the building blocks to an audit and the purpose of each
• Prepare workpapers in accordance with the documentation standard
• Describe the importance of and uses of inquiry during an audit
• Explain how to perform and document a substantive analytical procedure
• Understand the purpose and use of the Statement of Cash Flows

Tax Learning Objectives:
• Understand recent developments in individual taxation, including tax reform.
• Understand gross income issues with compensation and nontaxable fringe benefits
• Understand basic taxation of property transactions, including business property, depreciation recapture, capital gains & losses, etc.
• Master tax computations.
• Identify legal & tax differences among various forms of entities.
• Recognize the concept of double taxation under Subchapter C.
• Understand and apply tax reform, including the new rate regime, AMT repeal and AMT credit refunds.

• Understand the importance of accurately completing Schedule M-3, including temporary and permanent differences.
• Understand items of corporate income and deductions.

 



 


Summer Level 2 Sessions in Atlanta: Registration & Hotel Reservations Deadline:
June 3, 2018








Fall Level 2 Sessions in Cincinnati: Registration & Hotel Reservations Deadline:
TBA






Foundational Skills 3
Summer Session: July 15-19 (Atlanta, GA)
Fall Session: November 11-15 (Cincinnati, OH)
COST: Audit - $1,450 per person | Tax - $1,450 per person
(Above costs do not include airfare, hotel, and ground transportation)


AGN is utilizing the services of AuditSense for the audit class, and AICPA for the tax class. This will include the audit and tax technical content currently covered in AGN's Staff Training Program. New this year is an additional day of organization and productivity training based on the Franklin Covey's 5 Choices of Extraordinary Productivity. An additional half-day will be dedicated to business development and new business generation within a CPA firm.

PLEASE NOTE:
Arrive Sunday, July 15 and November 11 in time for the reception at 7:30 pm
Class will be from 8 am - 5 pm July 16-19 and November 12-15

Firms are responsible for booking their own hotel and flights. To book hotels, please visit the corresponding link on the Hotel tab.


Prerequisites:
Professionals with at least 3 years of public accounting experience: Audit - New In-Charge; Tax - Future Tax Specialist
Program Level: Intermediate
CPE hrs./Field of Study:
Audit:
 16 hrs. in Auditing, 8 hrs. in Productivity Management, 8 hrs. in Professional/Business Development | Tax: 16 hrs. in Taxes, 8 hrs. in Productivity Management, 8 hrs. Professional/Business Development

Audit Learning Objectives:
• Grasp how Firms generate revenue and the common financial metrics within the accounting industry 
• Understand the concept of value propositions and create your own personal value proposition 
• Facilitate an Engagement Strategy Planning Session
• Explain the key components of performing preliminary analytical review
• List the 17 Principles of Effective Internal Control
• Define what a Significant Risk is and the impact on the audit 
• Demonstrate how staff can know what is expected of them and how to set clear expectations with staff professionals 
• Review engagement work performed by staff 
• Perform substantive analytical procedures

Tax Learning Objectives:
• Briefly review basic tax concepts of S corporations and partnerships.
• Apply new Section 199A.
• Understand certain advanced concepts of S corporation taxation, including basis and allocations of profits and losses.
• Understand S-election mechanics and eligibility rules, and remedies for missed elections.
• Apply built-in gains rules.
• Apply complex distributions rules under Subchapter S, including distributions by S corporations with C corporation E&P.
• Review S corporation compensation issues.
• Understand the importance of trusts in estate planning for the S corporation shareholder.
• Understand certain advanced concepts of partnership taxation.
• Understand partnership basis issues and at-risk basis.
• Business development and new business generation.
• Organization and productivity training.



 











Summer Level 3 Sessions in Atlanta: Registration & Hotel Reservations Deadline:
June 8, 2018








Fall Level 3 Sessions in Cincinnati: Registration & Hotel Reservations Deadline:
TBA







Level 4
Dec. 2 - 6, 2018 - Cincinnati, OH
COST: Audit - $1,450 per person | Tax - $1,450 per person
(Above costs do not include airfare, hotel, and ground transportation)


AGN is utilizing the services of AuditSense for the audit class, and AICPA for the tax class. This will include the audit and tax technical content currently covered in AGN's Staff Training Program with one additional day providing a Project Management Workshop, exploring the nuances of leading an engagement. Additional evening sessions will focus on business development and networking strategies.

PLEASE NOTE:
Arrive December 2 in time for the reception at 7:30 pm
Class will be from 8 am - 5 pm December 3-6

Firms are responsible for booking their own hotel and flights. To book hotels, please visit the corresponding link on the Hotel tab.


Prerequisites: Seniors with at least  4 years of public accounting
Program Level: Intermediate
CPE hrs./Field of Study:
Audit:
 16 hrs. in Auditing, 8 hrs. in Project Management/Business Development | Tax: 16 hrs. in Taxes, 8 hrs. in Project Management/Business Development

Audit Learning Objectives:
• Define, understand and manage client expectations 
• Create a project schedule including development of WBS, sequence of activities, assigning resources, determining duration, developing critical path and planning communications
• Write effective internal control (i.e. management) comments
• Uses of data analytics
• List the different types of accounting errors 
• Recognize the disadvantage of applying changes on a prospective basis
• Identify best practices for audit efficiency

Tax Learning Objectives:
• Understand multistate taxation.
• Review recent judicial rulings in various states on client operations.
• Understand modern-day nexus.
• Identify how to calculate the state taxable income.
• Understand filing methods for multistate taxpayers.
• Recognize state tax planning opportunities due to changes in federal income tax law, including reduced C corporation tax rate and new Section 199A.
• Learn how to engage in small business tax planning.
• Understand complex passive loss rules for LLC members as a part of planning.
• Identify methods of minimizing SE tax for LLC members.
• Identify advantages of including debt in corporate capital structures.
• Understand ownership exit strategies.
• Learn basic mergers and acquisitions, including the basic steps in a business acquisition.
• Understand asset versus stock-based transactions and purchase price allocations.
• Create a project schedule including development of WBS, sequence of activities, assigning resources, determining duration, developing critical path and planning communication







Registration & Hotel Reservations Deadline:
TBA








General Information

Program Duration: Foundational Skills 2 & 3: 4 days | Level 4: 3 days
Delivery Method: Group Live
Advanced Prep: None
Registration: Online at www.agn.org/namain
Record Retention: All CPE records are maintained in the AGN databse for a minimum of five years
Complaint Resolution: Contact AGN International-North America's Regional Director Kathy Sautters via email or phone her directly at 303-743-7880, option 1

AGN International - North America Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org 

AGN International - North America, Inc. is also registered with the Texas State Board of Public Accountancy.