Description
This comprehensive session is a must-attend event for any professional accountant who prepares financial statements for either a private enterprise or a firm client. We illustrate best practices for presentation and disclosure by revisiting fundamentals of financial reporting for various industries. This workshop explores best practices for United States GAAP in addition to considerations for special purpose frameworks. Experienced accountants will benefit from a refresher whereas other accountants will appreciate formative skill-building insights.
- Delivery Format: Live Webcast Replay
Designed For
CPAs in public practice or members in industry
Objectives
- Utilize resources for financial statement preparation
- Identify efficient methods for preparing financial statements
- Appreciate the role of disclosures in financial reporting
- Prepare financial statements and related disclosures
Highlights
- U.S. GAAP and Special purpose frameworks
- Form and content of financial statements: Balance sheets
- Income statements; Statements of cash flows
- Retained earnings and/or owners’ equity statements
- Comprehensive income
- Supplementary information
- Comparative vs. single-period financial statements
- Sufficiency of disclosures
- Illustrative disclosures frequently encountered in small-to-medium reporting entities
- Industry-specific nuances
Advanced Prep
None
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Leaders
ACPEN Panel
No Biography Available