DESIGNED FOR
CPAs, EAs, or other tax professionals
BENEFITS
After attending the presentation you will be able to...
- Gain updated knowledge of the accounting standards issues during the past year
- Know how updates affect the preparation of financial statements of small and medium-sized entities
- Know how to handle common financial statement deficiencies
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
- 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 peer reviews and in litigation
- Detailed analysis of the lease accounting standard
- Practical guidance in accounting for COVID-19 issues including the accounting for PPP loan programs
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None