Overview:
This course provides an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs). Review troublesome areas in these financial reporting frameworks as identified in peer reviews and litigation. This course will also address COVID-19 issues.
Delivery Method: Group internet-based
CPE Credit: Accounting, Auditing
Program Level: Intermediate
Objectives:
To obtain an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs)
Major Topics:
Amendments to the U.S. Accounting Standards Codification (i.e. - U.S. GAAP) issued during the 18-month period prior to the program • Update and review of the tax and cash special purpose frameworks • Update and review of the AICPA Financial Reporting Framework for SMEs • Update on common errors and deficiencies as identified in peer reviews and in litigation
Major Topics:
Amendments to the U.S. Accounting Standards Codification (i.e. - U.S. GAAP) issued during the 18-month period prior to the program • Update and review of the tax and cash special purpose frameworks • Update and review of the AICPA Financial Reporting Framework for SMEs • Update on common errors and deficiencies as identified in peer reviews and in litigation
Designed For:
Practitioners in private business and public accounting who need to update their knowledge of the accounting standards issued during the past year that affect the preparation of financial statements of small- and medium-sized entities; Practitioners who need to become aware of and learn how to handle common financial statement deficiencies
Prerequisites:
None
Accommodations:
Delivery Method - Group Internet Based