A&A Update for Small-or Mid-Size Private Companies
Description
The FASB releases many accounting standard updates every year, with effective dates that can range from one to several years. This course will provide executive summary highlights of recently issued U.S. GAAP applicable to small- or mid-size private companies, to enable accountants the basis for segregating what changes are relevant to a specific reporting entity’s circumstances.
Learning Objectives
Describe recently issued U.S. GAAP accounting standards updates
Explain how recently issued U.S. GAAP is most relevant to private companies
Discuss how to differentiate what is applicable to a reporting entity’s specific circumstances
Major Topics
Overview of accounting standards updates with open effective dates, which are most applicable to nonpublic entities
Emphasis on the changing accounting and financial reporting standards that are likely to have the greatest impact on private company financial statements
Provider
Business Learning Institute
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
BLI Leadership
CPE Field of Study
Accounting
8
Who Should Attend
Public and industry accountants responsible for monitoring fair presentation of financial statements
