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.
Course ID: KAYAFRO
Know All Your Alternative Financial Reporting Options
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)
- 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 StudyAccounting
General knowledge of U.S. GAAP