Course ID: RIGP

Recently Issued U.S. GAAP Applicable to Small-or Mid-Size Private Companies – Is it Relevant to My Financial Statements?


The FASB releases many accounting standard updates every year, with effective dates that can range from one to several years. This course will provide executive summary highlights of recently issued U.S. GAAP applicable to small- or mid-size private companies, to enable accountants the basis for segregating what changes are relevant to a specific reporting entity’s circumstances.


LEARNING OBJECTIVES
  • Describe recently issued U.S. GAAP accounting standards updates
  • Explain how recently issued U.S. GAAP is most relevant to private companies
  • Discuss how to differentiate what is applicable to a reporting entity’s specific circumstances

MAJOR TOPICS
  • Overview of accounting standards updates with open effective dates, which are most applicable to nonpublic entities
  • Emphasis on the changing accounting and financial reporting standards that are likely to have the greatest impact on private company financial statements

DESIGNED FOR
Public and industry accountants responsible for monitoring fair presentation of financial statements

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
2.0

LEVEL
Basic

This course is available to be scheduled as:

Group Live
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org