Join us for a two-hour Accounting and Auditing session with Renee at the Doubletree Binghamton. Lunch will be provided! Do you prepare private company financial statement disclosures in accordance with accepted accounting principles (GAAP) issued by the Financial Accounting Standards Board (FASB), or a “Special Purpose Framework” (SPF), such as cash or tax basis? Has your peer reviewer identified any GAAP or GAAS deficiencies? If so, then this course is for you. This course addresses common disclosures, including those frequently identified as deficiencies.
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.
- Recognize the additional disclosure requirements needed when using a special purpose framework.
- Recall frequent peer review matters for further consideration identified in the most recent AICPA’s Peer Review Oversight Reports.
Major Topics
- 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.