Surgent's Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses

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Location: Online

4Credits

Accounting and Auditing

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$109.00 Regular Price

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Product Code: SU24-GSM4-SSDL

Level: Basic

Vendor: Surgent

Field of Study: Accounting

Overview:

A clear and concise set of proper financial statement disclosures can make or break an entity's financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and understand, especially for small and medium-sized businesses. Oftentimes financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading, so these disclosures need to be well-written and follow applicable standards. This course will focus on key balance sheet and income statement disclosure as well as accounting standards related to revenue (ASC 606) and leases (ASC 842), accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related party disclosures. The course will use illustrations, examples based on private company financial statements disclosures, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.

Objectives:

Understand and apply the professional requirements and guidance for preparing financial statement disclosures for all entities, including small and medium-sized businesses
Identify balance sheet, income statement, and statement of cash flows presentation issues
Review disclosure examples from all sized entities, including small and medium-sized businesses
Be familiar with developing disclosure issues, such as those related to the adoption of new accounting pronouncements
Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Major Topics:

Financial statement disclosures for small and medium-sized businesses
Balance sheet, income statement, and statement of cash flows presentation and disclosure issues
Disclosure examples from all sized entities which you can use to base your disclosures on
Developing disclosure issues, including disclosures related to the adoption of Topic 606

Designed For:

CPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small and medium-sized businesses

Prerequisite:

None

Additional Info:

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For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.