Back to Search

Small-Business Financial Statements Webinar


July 15
11:30 a.m. - 3:00 p.m.

CPE Credits



PICPA Member: $150 | Nonmember: $201

 More Information

Course No.


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.


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).Review the cash and tax bases of accounting and other special purpose frameworks. Examine GAAP frameworks. Investigate the features, benefits and risks of each framework. Guidance for professional judgments.This course, taken with Preparing Financial Statements for Clients (PRFS), also 4 units, meets the 8-unit accounting CPE requirement for accountants who prepare financial statements, but perform no audits, reviews or compilations.


You May Also Like

Start-up and Small Business Financial Statements: Issues and Fraud Webinar
Aug. 19 | Webinar
Recognize and address issues that face start-ups and small businesses.Identify the effects on financial statements and their relationship with fraud. ...
Preparing Financial Statements for Clients Webinar
Sept. 14 | Webinar
The goal of this course is to ensure that you have a current knowledge and understanding of the AICPA's professional standards for preparations of financial statements, and are able to ...
Accountancy Laws, Ethics, Taxes and Financial Reporting Review: Ethics Webinar
Aug. 26 | Webinar
Identify the AICPA's professional ethics standards that apply to situations in public practice and industry.Recognize potential problem areas concerning compliance with ethics standards.Recall the criteria for evaluating the fairness of ...