Finding the Right Fit: An Exploration Financial Reporting Options for SMEs
Tuesday, Aug. 11, 2026
3-7 p.m. Central
4 CPE (4 technical)
Course code: 26WA-4439
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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
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Unique needs of SMEs.
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The menu of available frameworks.
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Exploration of specific SPFs.
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U.S. GAAP provisions for SMEs.
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Considerations when selecting a framework.
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Audit, review, and compilation implications.
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Pitfalls to avoid.
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Best practices to adopt.
Learning objectives
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Recall the purpose and scope of financial reporting frameworks applicable to SMEs.
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Identify financial reporting options available to SMEs.
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Select a reporting framework that is most appropriate for a particular SME.
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Develop financial reports in accordance with a particular SPF.
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Evaluate advantages and limitations of reporting options.
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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
|
Standard Member Fee |
$149.00
|
 Standard Nonmember Fee |
$149.00
|
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