Know All Your Alternative Financial Reporting Options

Among a myriad of complex financial accounting and reporting matters facing financial decision-makers, accountants and auditors of small to medium-sized privately held businesses in the United States, there is hope. Accounting principles generally accepted in the United States (U.S. GAAP) is not the final word of financial reporting and disclosure. Over the last decade, financial statement preparers and users have sought practical solutions to provide high-quality financial reporting results without the complications of U.S. GAAP. Fortunately, alternative frameworks do exist. It’s just a matter of performing adequate due diligence to decipher which alternative financial reporting framework works best for you.

Learning Objectives

Recognize the various financial reporting options available (e.g., AICPA FRF for SMEs, IFRS for SMEs, Special Purpose Frameworks, etc.) to auditors, practitioners, management and others who want to learn alternative financial reporting frameworks to accounting principles generally accepted in the United States (U.S. GAAP)

Major Topics
  • AICPA’s Special Purpose Frameworks – modified cash basis, income tax basis, contractual basis, regulatory basis, etc.
  • AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities (SMEs)
  • Understanding IFRS for SMEs

Who Should Attend

CPAs, accountants, auditors, CEOs, CFOs, controllers, financial statement preparers and others seeking guidance on alternative financial reporting options available besides accounting principles generally accepted in the United States (U.S. GAAP)

Fields of Study


General knowledge of U.S. GAAP

Business Learning Institute

CPE Credits


This course is available for your group as:


Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.

Or, contact BLI: or
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now