AICPA's Financial Framework For Small And Mid Sized Entities - By AtoZ Compliance

Thursday, May 18, 2017 at 1:00 PM to 2:30 PM EST

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Thursday, May 18, 2017 at 1:00 PM to 2:30 PM EST

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.

 

Overview:

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.

 

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AtoZ Compliance; is an online compliance webinar training organization based in New Hyde Park, New York. We provide diverse range of quality webinar training programs to all the major segments of industries. Our compliance webinar training programs are designed to meet the changing compliance requirements and we have been successful in conducting high quality training programs to professionals from Fortune 500 to large and medium organizations. We cater to all major industries where FDA regulations and compliance adherence has been extremely critical in the business decision making process. Our compliance webinar training programs focuses on industries such as Life Sciences, Food and Chemicals,Human Resources, Banking and Financial Services,Healthcare and varied other Cross Industry streams. We take extreme care in selecting the topics which are highly relevant to all the industries and are capable of meeting the demands of the complex compliance environment. Our great pool of experienced speakers ensures that your business is up to date with the most relevant and accurate compliance information. At AtoZ Compliance, we focus on our core values - quality, expertise, and customer experience which are the foundation of our business. We believe that our compliance webinar training programs based on our value system can help you grow and succeed in your business.

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