Do you prepare private company financial statement disclosures? If so, then this course is for you. This course addresses frequently encountered disclosures associated with the preparation of private company financial statements prepared in accordance with generally accepted accounting principles (GAAP) issued by the Financial Accounting Standards Board (FASB), or a “Special Purpose Framework” (SPF), such as cash or tax basis.
DESIGNED FOR
Professionals who prepare, compile, review, or audit private company financial statements. This course is a great learning tool or refresher for financial statement preparers, CPAs in industry, those in public accounting, educators, and other interested professionals.
BENEFITS
- Identify the types of frequent disclosures found in the financial statements of private companies such as contingencies, risks, and uncertainties; accounting policies; revenue recognition leases, credit losses, impairment, fair value, and much more.
- Recall ways to research private company disclosure requirements using the FASB Codification and other free resources.
- Recognize the additional disclosure requirements needed when preparing financial statements using a special purpose framework.
HIGHLIGHTS
- Learn to research presentation and disclosure requirements and examples using the FASB Codification and other resources.
- Understand frequent disclosure requirements such as contingencies, risks, and uncertainties; accounting policies; revenue recognition leases, credit losses, impairment, fair value, and much more.
- Know the additional disclosure requirements needed when preparing private company financial statements using a special purpose framework, such as cash or tax basis.
COURSE LEVEL
Update
PREREQUISITES
Previous experience in accounting
ADVANCE PREPARATION
None