Financial Reporting for Private Companies and SMEs -Webcast [4122296G]

Full Description

Financial Reporting for Private Companies and SMEs: The Approaching Perfect Storm! Webcast - 4122296G
Date: April 19, 2013
Event Start time: 7:30 AM End time: 3:00 PM
Location: Webcast
Instructor(s):
William F O'Brien, CPA

Facility: Webcast Event

CPE Credits:8.00 CPE: Continuing Professional Education Technical
8.00 AA: Auditing & Accounting


The next 18 months will see a perfect storm of change hitting the shores of private company accounting in the United States. International, political and personal forces fuel the agendas of the SEC, AICPA and FASB with respect to financial reporting and GAAP.

The issues continue to change on a daily basis. 2011-2012 is the timeframe marked for the approval of IFRS for public companies, the introduction of new GAAP for private companies and the potential revision of financial statement presentation for all companies.

In this eye-opening and informative course, participants will gain critical insight into the future of private company reporting.

All CPAs, practitioners, members in industry and educators need to be aware of these critical, pending events. The immediate areas of concern extend beyond simple accounting changes. This course will both inform and alert you about an accounting environment that will never be the same.

Objectives:
Discover the current status of "The Perfect Storm" for nonpublic companies.
Review the history of private company accounting in the United States.
Explore the IASB's structure.
Discuss the major differences between IFRS for SMEs and U.S. GAAP.
Examine the current proposal for private company reporting in the United States.

Major Subjects:
Status of "The Perfect Storm" with respect to nonpublic companies
Review of U.S. GAAP proposals for private companies
Major differences between IFRS for SMEs and U.S. GAAP
Critical financial reporting decisions for nonpublic companies
Business issues impacted by these pending financial reporting changes

Level of Difficulty:
Intermediate

Field of Interest:
Accounting

Prerequisites:
Materials are accessible three days prior to course start date. Please download your materials in advance.

Designed For:
All CPAs, practitioners, industry financial professionals and educators.

Advanced Prep:
None

Event Notes:
Pay the lowest prices and save up to hundreds per event with the CalCPA Education Foundation's discount programs .

All classes webcast from the CalCPA training center will have a 30 minute lunch period from 12-12:30 p.m. Classes will adjourn at 4 p.m.

To ensure that all credit is properly recorded, please review your information and update your CPA, CFP, CTEC or Bar license number(s).

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