Overview:
Do you find it frustrating or fruitless grappling with complicated accounting and reporting requirements only to discover they don't apply to your nonpublic company? If so, you need to take advantage of this hands-on seminar that:
- Pinpoints the relevant reporting requirements of nonpublic companies vs. public companies
- Addresses troublesome accounting areas that affect nonpublic companies
- Explains accounting, reporting and disclosure solutions best suited for nonpublic companies
Objective:
To update accountants about current financial accounting and reporting requirements pertaining to small and midsize nonpublic companies. Bring your questions and they will be addressed.
Emphasis:
- Revenue recognition, including recent updates
- Liability vs. equity: classifications, treatments and FASB proposals
- Uncertainties and contingencies: estimates, concentrations of risk, materiality and disclosures
- Consolidations, combinations, variable interests and related parties
- Changes in accounting methods, principles or estimates: restatements, comparative statements, correction of an error
- Subsequent events
- Going concern issues
- OCBOA vs. GAAP
- Accounting for, and impairment of, intangible assets and goodwill
- Deferred income taxes and uncertain tax positions
- International convergence and IFRS for SMEs
- Private company financial reporting
