Webinar

Finding the Right Fit: An Exploration Financial Reporting Options for SMEs

If you have questions about this event, please call us at 952-831-2707.

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This course is designed for accounting and finance professionals who desire financial reporting flexibility for small- and medium-sized entities (SMEs). We examine special-purpose frameworks (SPFs) that may offer simplification while enhancing the usefulness of financial reporting for SMEs. Our discussion offers practical ways to align financial reporting with the decision-making needs of users and other stakeholders. Real-world examples and case discussions will help attendees confidently prepare, review, and interpret SMEs' financial statements.

Major subjects

• Unique needs of SMEs.
• The menu of available frameworks.
• Exploration of specific SPFs.
• U.S. GAAP provisions for SMEs.
• Considerations when selecting a framework.
• Audit, review, and compilation implications.
• Pitfalls to avoid.
• Best practices to adopt.

Learning objectives

• Recall the purpose and scope of financial reporting frameworks applicable to SMEs.
• Identify financial reporting options available to SMEs.
• Select a reporting framework that is most appropriate for a particular SME.
• Develop financial reports in accordance with a particular SPF.
• Evaluate advantages and limitations of reporting options.
• Recall provisions of U.S. GAAP that provide some reporting flexibility for SMEs.

Who should take this program?

• CPAs in public accounting and members in industry who desire an understanding of the financial reporting options available to SMEs.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $149.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.