Haig's Financial Reporting Frameworks used by Small- & Medium-Sized Entities Update – Beaverton

Overview

This course provides an update and review of the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs); namely, the U.S. GAAP Financial Reporting Framework principles that apply to SMEs, the tax and cash special purpose frameworks, and the AICPA Financial Reporting Framework for SMEs. Troublesome areas in these financial reporting frameworks as identified in peer reviews and litigation will be highlighted.

Highlights

• Amendments to the U.S. Accounting Standards Codification (i.e., U.S. GAAP) issued during the 18-month period prior to the program that impact SMEs
• Update and review of the tax and cash special purpose frameworks
• Update and review of the AICPA Financial Reporting Framework for SMEs
• Update on common errors and deficiencies as identified in peer reviews and in litigation

Designed For

This course is designed for practitioners in private business and public accounting who need to update their knowledge of the accounting standards issued during the past year that affect the preparation of financial statements of small and medium-sized entities and who need to become aware of and learn how to handle common financial statement deficiencies.

Objectives

This course provides an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs).