• Learn to research disclosure requirements and examples using the FASB Codification and the SEC’s website.
• Understand frequent disclosure requirements such as contingencies, risks and uncertainties; accounting policies; revenue recognition in accordance with FAS ASC 606; leases in accordance with FAS ASC 842, and so much more.
• Know the additional disclosure requirements needed when preparing private company financial statements using a SPF.
Learning Objectives
Upon completion of this course, you will be able to: • Identify the types of frequent disclosures found in the financial statements of private companies.
• Recall the many ways to research private company disclosure requirements using the FASB Codification and other FREE tools.
• Recognize the additional disclosure requirements needed when using a special purpose framework.
Major Topics
• Learn to research disclosure requirements and examples using the FASB Codification and the SEC’s website.
• Understand frequent disclosure requirements such as contingencies, risks and uncertainties; accounting policies; revenue recognition in accordance with FAS ASC 606; leases in accordance with FAS ASC 842, and so much more.
• Know the additional disclosure requirements needed when preparing private company financial statements using a SPF.