Client Advisory Services: Level 1 - LumiQ Podcast Learning Path

Overview

Client Advisory Services (CAS) is broken out into three levels: accounting, controllership, and CFO-level services. In this Level 1 learning path, we’re getting down to the basics of how to execute accounting-level services. We cover key concepts of accounting theory, how to record journal entries, how to complete the month-end close process, and best practices for understanding financial statements and communicating financial insights to your clients. We even take a sneak peek into Level 2 services with an introduction to budgeting and forecasting. Mastering accounting-level services is the basis for escalating to Level 2 and 3 and becoming a full-suite trusted advisor for our clients… So let's get started!

Episodes in this learning path include:
- CAS Episode #1: Introduction to Client Advisory Services
- CAS Episode #2: Accounting & Financial Statement Basics
- CAS Episode #3: The Month-End Close Process
- CAS Episode #4: Financial Statement Analysis
- CAS Episode #5: Introduction to Budgeting
- CAS Episode #6: Introduction to Forecasting
- CAS Episode #7: Sales Tax for CAS Practices

After purchasing this product you will receive an email from LumiQ with instructions for accessing the learning path on their web, iOS, or Android applications.

Highlights

- Identify the key benefits of Client Advisory Services to both the firm and the client
- Recognize the responsibilities of the financial accountant providing accounting-level services within a CAS function
- Recall accounting theory concepts applicable to bookkeeping and financial reporting, from recording journal entries for common transactions using the accrual-method of accounting to completing the month-end close process
- Describe the purpose of financial statements, each statements’ common insights and metrics, and best practices for communicating these findings to clients
- Recognize best practices for budgeting and forecasting in an introduction to Level 2 Client Advisory Services
- Recall why sales tax is a natural fit for CAS practices and how to standardize the sales tax compliance process

Prerequisites

None

Designed For

Professionals starting their journey in Client Advisory Services or looking to learn more about this area of practice. 

Objectives

- Recall the key benefits of Client Advisory Services to both the firm and the client
- Recognize the purpose and key components of the four main financial statements
- Discuss common insights and performance metrics computed from the income statement
- Describe the five-step process to preparing budgets
- Recall why sales tax is a natural fit for CAS practices

Preparation

None