April 29, 2021 8:30am – 12:00pm Map & Directions 602-252-4144

Webcast: Small-Business Financial Statements | 4202775G

Description




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.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

8:00am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webinar
Accounting & Auditing
4

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.

Course Level

Overview

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




Accountants, tax practitioners and financial professionals.

Prerequisites




None.

Highlights





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

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