Webcast: Small-Business Financial Statements (XCFRF318)
Tell a Friend About This EventTell a Friend
 

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). Also, review the cash and tax bases of accounting and other special purpose frameworks.

5/30/2018
When: 05/30/2018
10:30 AM until 2:00 PM
Where: Webcast
CALCPA
4182775A
Louisiana
United States
Presenter: Richard A. Ferdinand, CPA


Online registration is closed.
« Go to Upcoming Event List  

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).

Also, review the cash and tax bases of accounting and other special purpose frameworks. This course also reviews GAAP frameworks. Furthur, reveiw 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.

Formerly titled: Financial Reporting Framework for SMEs

Materials are provided as an ebook.

Acronym XCFRF318
CPE 4 hours
Vendor CalCPA
Category
A&A
Level Overview
Prerequisite

None

Adv Prep

None

Yellow Book?
Registration Fees
Members* $120
CPA Non-Members $188

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course 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).

Also, review the cash and tax bases of accounting and other special purpose frameworks. This course also reviews GAAP frameworks. Furthur, reveiw 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.

Formerly titled: Financial Reporting Framework for SMEs

Materials are provided as an ebook.

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.

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

Note: Login instructions will be provided by the webcast vendor (CalCPA).