Small-Business Financial Statements (4172775D)

Thursday, December 14, 2017 | 11:30AM - 3:00 PM (Registration at 11:00AM) EST |

Description

This course will delve into 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)
  • Cash and tax bases of accounting
  • Other special purpose frameworks
  • GAAP

This course examines 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.

Objectives

  • 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

Cost

Standard Registration: $159 SCACPA Members, $199 Non-Members

Major Topics

  • Special purpose frameworks vs. GAAP 
  • AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) 
  • Cash and tax bases of accounting 
  • Other comprehensive basis of accounting (OCBOA) 
  • Revenue recognition 
  • Accounting methods 
  • Financial statements 
  • Disclosures 
  • Compilation, review and audit reports

DETAILS

Course Code:
4172775D

Credits:
4.00 Accounting and Auditing

Field of Study:
Accounting

Vendor:
CalCPA Education Foundation

Course Type:
Webinars/Webcasts

Level:
Overview

Prerequisite:

None.

Advanced Preparation:

None.

 

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