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 webcast 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:
- AICPA proposed Financial Reporting Framework for Nonpublic Entities
- Revenue recognition: recent updates and proposals
- Uncertainties and contingencies: estimates, concentrations of risk, materiality and disclosures
- Consolidations, combinations, variable interests and related parties
- Lease accounting proposal
- Going concern issues, including the liquidation basis of accounting
- GAAP vs. OCBOA (Other Comprehensive Basis of Accounting)
- Accounting for, and impairment of, intangible assets and goodwill
- Deferred income taxes, uncertain tax positions and Form UTP
- International convergence and IFRS for SMEs
- Private company financial reporting, including comparison with public companies
