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Date / Time / Location

Monday, July 24, 2017
8:30 AM - 4:30 PM
Registration: 8:00 AM

APA Hotel Woodbridge120 Wood Avenue South
Iselin, NJ 08830

CPE Credits

  • 8.00 CPE Credits in AA


  • $299.00 - Member
  • $399.00 - Non Member

Course Developer

The AICPA has developed and released its new Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs), noting 'millions of private companies do not need to use or are not required to provide stakeholders financial statements prepared in accordance with U.S. GAAP, but want an accounting system that has undergone public comment. The FRF for SMEs is a non-GAAP financial reporting solution that will be an option for millions of America’s private companies.' For many small and medium-sized businesses, preparing financial statements using the special purpose framework, FRF for SMEs, may provide an alternative to the complexity of U.S. GAAP. This course will provide a comprehensive review of FRF for SMEs.

Designed For

Small and medium-sized business owners, financial statement preparers, and accounting/auditing practitioners at all levels desiring a thorough understanding and application of FRF for SMEs.


  • Understand why the AICPA developed and released FRF for SMEs
  • Be familiar with the overall objectives of FRF for SMEs
  • Review the statement of financial position, statement of operations, and statement of cash flows guidance in FRF for SMEs
  • Be aware of disclosures applicable to FRF for SMEs
  • Compare and contrast FRF for SMEsTM and U.S. GAAP Financial Statements
  • Be familiar with all of the individual chapters in FRF for SMEs


  • An introduction to FRF for SMEs
  • Statement of financial position, statement of operations, and statement of cash flows guidance
  • Disclosure outline (checklist) for use with FRF for SMEs
  • FRF for SMEs vs. U.S. GAAP Financial Statements
  • All individual chapters in FRF for SMEs


Basic understanding of financial reporting concepts.

Advance Preparation

Pre-Registration Closed

Online pre-registration for this event is now closed.

William Eskin

William I. Eskin, CPA
AICPA/Professional Development Institute

William (Bill) I. Eskin, CPA, is very active in the accounting, auditing, tax, and fraud investigation fields in general, and the construction and real estate industries in particular, where he may be best known for identifying and proving CPA malpractice. Recently, he has had three books published: “Construction Contractors-Real World Guide to Accounting and Auditing”, Real Estate-Real World Guide to Accounting and Auditing” and “Real Estate Tax Boot Camp”. Previously, Bill had been the Director of Financial Analysis and Investigation for the world’s largest surety group. His professional experience also includes more than 12 years of experience working for various CPA firms where he specialized in construction, real estate, litigation support, and other services. He has been a Discussion Leader for various organizations where he led numerous courses, presentations, and webinars. Bill has been awarded the Outstanding Discussion Leader Award every year for the past 10 years. He has also been a featured speaker at the AICPA National Construction Conference and various state CPA annual conferences.

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Pre-Registration Closed

Online pre-registration for this event is now closed.