Back to Search

Small-Business Financial Statements Webcast Webinar

CPE

When
July 18
11:30 a.m. - 3:00 p.m.

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $129 | Nonmember: $179


 More Information

Course No.
4192775B
Level
Overview
Prerequisites
None.

Description

  • Identify special purpose and GAAP frameworks.
  • Determine primary differences between the frameworks.
  • Recognize situations in which use of each framework might be useful.
  • Identify the risks to a company and its independent accountants associated with each framework.
  • Recognize ways that framework selection impacts financial statements, including disclosures, and impacts compilations and reviews.

Highlights

Examine the bases of accounting available to small- and medium-sized privately owned businesses, including the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs).

Also, review the cash and tax bases of accounting and other special purpose frameworks. This course also reviews GAAP frameworks. Furthur, reveiw the features, benefits and risks associated with the use of each of these frameworks and offers guidance for the professional judgments accountants must make when applying each.

This course, taken with another 4-unit course, is an ideal way to meet the 8-unit accounting CPE requirement for accountants who prepare financial statements, but perform no compilations, reviews or audits.  Preparing Financial Statements for Clients (PRFS) can provide the other four CPE units.   Start-up and Small Business Financial Statements: Issues and Fraud (SSFR) is a companion course designed to meet the 4-unit fraud requirement, but also qualifies as accounting CPE.

 

Formerly titled: Financial Reporting Framework for SMEs

Materials are provided as an ebook.



Speaker(s)


You May Also Like

Recently Issued U.S. GAAP - What Small and Mid-Size Nonpublic Entity CPAs Need to Know and Do Now, Not Later Webinar
July 22 | Webinar
New Accounting Standards Updates (ASUs) related to U.S. GAAP are issued on a regular basis. It can be time-consuming and confusing to keep up-to-date on the resulting impact on financial ...
Financial and Tax Accounting for S Corporations Webinar
July 22 | Webinar
This program addresses the many complex financial and tax accounting issues that are common in S corporation transactions, with discussion of common pitfalls and the new AICPA "small" GAAP accounting ...
Form 990: Mastering Its Unique Characteristics
July 22 | Feasterville-Trevose
Recognize and apply the following unique-to-Form-990 definitions: the “manager” required to be disclosed upon Part VII-A of the Core Form; elements of the manager’s compensation to be disclosed; and when ...