2024 MSCPA Annual Convention: Details

Walter Haig's GAAP for SMEs, Tax & Cash Frameworks Update

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Wednesday, August 28, 2024 @ 8:00am – 4:00pm
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Description

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). Troublesome areas in these financial reporting frameworks as identified in peer reviews and litigation will be highlighted. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Highlights

The major topics that will be covered in this class include:

  • 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 financial statements as identified in peer reviews and in litigation

Objectives

After attending this presentation you will be able to...

  • Identify common mistakes in the preparation of financial statements for small- and medium-sized entities
  • Handle common principle departures in the financial statements of small- and medium-sized entities
  • Recall common footnote disclosures in small- and medium-sized entities
  • Recognize the new lease accounting standard implementation issues

Preparation

None

Credits

Category Amount
Accounting&Auditing 8.00