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Friday, June 18, 2027 Live Webcast

Private Company Simplified GAAP Alternatives (X4-7791060)

12:00 PM - 1:48 PM EDT
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

The FASB formed the Private Company Council to provide certain alternatives in U.S. GAAP that are only available to nonpublic business entities, with limited exceptions for certain nonprofits. This course will provide insight into when adopting the accounting and financial reporting alternatives would be to the advantage of private companies.

DESIGNED FOR

Anyone responsible for analyzing or interpreting nonprofit financial statements

BENEFITS

  • Explain how properly designed and performed analytical procedures contribute to reducing audit risk
  • Describe the required elements of an analytical test that must be documented to satisfy professional standards
  • Describe the most common financial statement analytics used to interpret the financial results of a nonprofit
  • Common ratios and trends to assess liquidity, operating efficiency, leverage, and more  

HIGHLIGHTS

  • How to leverage preliminary and substantive analytic procedures to improve the effectiveness and efficiency of financial statement audits
  • The required elements of a substantive analytic procedures to address detection risk
  • Tips and traps of applying an analytic approach to satisfy audit objectives
  • Explaining the usefulness of analyzing diverse trends and ratios in a nonprofit environment to meet the needs of various financial statement users
  • Common ratios and trends to assess liquidity, operating efficiency, leverage, and more

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

Familiarity with the nonprofit industry

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

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