About Course

This program provides industry-specific accounting training focused on Chart of Accounts (COA) design, transaction classification, and audit-defensible posting discipline for professional services firms operating under US GAAP and accrual accounting. 8.0 CPE Credit Hours

What Will You Learn?

  • Design and evaluate a GAAP-compliant COA for professional services firms
  • Correctly recognize service revenue based on work performed, not cash or invoices
  • Properly account for WIP and unbilled revenue as balance-sheet assets
  • Distinguish and correctly post client retainers and trust funds as liabilities
  • Classify direct labor, cost of services, and overhead consistently
  • Record partner/owner contributions and distributions correctly within equity
  • Identify and avoid common peer-review and lender-driven audit findings

Course Content

Professional Services Chart of Accounts (COA) Mastery

  • Course Information, Objectives and Outline
  • Course Content
  • Professional Services COA Exam

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