July 18, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Small-Business Financial Statements

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

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). You'll review the cash and tax bases of accounting and other special-purpose frameworks. The features, benefits and risks of each framework will be covered and guidance for professional judgments. This course, taken with the 4-hour Preparing Financial Statements for Clients (PRFS), meets the 8-hour 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

7:30am

Fees

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

Objectives

  • Identify the special purpose and GAAP frameworks
  • Determine primary differences between the frameworks
  • Recognize situations in which the 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

Notes

None

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