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Private Company Reporting Options: More Changes Ahead 4172296D
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With the use of GAAP for private companies in the early implementation stages, we still are expecting approval of some form of IFRS for public companies and the possible revision of financial statement presentation for all businesses in the next few years. Gain insight into the future of private company reporting and the choices regarding available reporting options.

11/13/2017
When: 7:30 AM to 3:00 PM
Where: Webinar/Webcast
United States
Presenter: William F. O'Brien, CPA, MBA
Contact: April Deneault
801-466-10559


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Curriculums:   Accounting and Financial Statements,Financial Leadership Forum,Business and Industry,Finance, Financial Management. and Controllership

NASBA Credit Category:  Accounting

CPE Hours:  8

Description

With the use of GAAP for private companies in the early implementation stages, we still are expecting approval of some form of IFRS for public companies and the possible revision of financial statement presentation for all businesses in the next few years. Gain insight into the future of private company reporting and the choices regarding available reporting options. All CPAs, practitioners, members of the industry and educators need to be aware of these critical and pending events that will dramatically shift the accounting environment, as the immediate areas of concern extend beyond simple accounting changes.

Formerly titled: Financial Reporting for Private Companies and SMEs: The Approaching Perfect Storm!

Materials are provided as an ebook.



Major Subjects

  • History of private company accounting in the U.S.
  • Current status of U.S. GAAP reporting options for private companies.
  • Differences between IFRS for SMEs and U.S. GAAP.
  • Financial reporting options for nonpublic companies.
  • Business issues impacted by these pending changes.

Objectives

  • Identify the structure of IASB.
  • Identify major differences between IFRS for SMEs and U.S. GAAP.
  • Determine private company reporting options in the U.S.
  • Identify the current implementation status of private company GAAP and the Financial Reporting Framework.

Level:  Intermediate

Designed For

CPAs, practitioners, industry financial professionals and educators.

Advanced Prep:

None.

Prerequisite

Knowledge of financial reporting.

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