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Webinar (CA): Small-Business Financial Statements

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. 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.

Learning 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.

Major Topics

• Special purpose frameworks vs. GAAP
• AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)
• FRF for SMEs
• Cash and tax bases of accounting
• Other Comprehensive Basis Of Accounting (OCBOA)
• Revenue recognition
• Accounting methods
• Financial statements
• Disclosures

Provider
California CPA Education Foundation
Course Level
Overview
CPE Field of Study
Accounting
4
Who Should Attend

Accountants, tax practitioners and financial professionals.

Prerequisites

None

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Sep 9, 2021
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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$149.00

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$199.00
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Webinar (CA): Small-Business Financial Statements


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