Time: May 18, 2017 from 1pm to 2:30pm
Location: Online Training
Street: AtoZ Compliance ,2754 80th Avenue
City/Town: New Hyde Park
Website or Map: http://bit.ly/2oQf32S
Event Type: online
Organized By: AtoZ Compliance
Latest Activity: Sep 26
Key Take Away:
If you intend to use FRF-SME, you may want to check your client’s loan and other legal agreements to see if they require financial statements in accordance with U.S. GAAP. The FRF-SME is not GAAP; therefore, its use may run afoul of loan (or other) agreements.
Join us for a discussion of the new framework guidance developed by the AICPA for privately held entities as well as a discussion of when and why this framework can save time and resources in the accounting process. This discussion leads to an understanding of when it is desirable and acceptable to make a change from GAAP to the accrual basis accounting method developed by the AICPA. The course gives an overview of the new method as well as tips on convincing external users of the financial statements of the advantages of making a change.
Why Should You Attend:
Accountants and other financial professionals who deal with privately held entities wishing to reduce the cost and reporting burden that exists with reporting using Generally Accepted Accounting Principles should become familiar with the AICPA’s recently developed accrual basis framework of accounting.
For more information, please visit : http://bit.ly/2oQf32S
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