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

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Webcast Only

4.00 Credits

Member Price $180.00

Non-Member Price $200.00

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 those relating to adoption of new 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.

Highlights

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

Prerequisites

None

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

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

Leader(s):

Leader Bios

Kenneth Levine, Surgent McCoy Self Study

Ken spent his 40+-year career in public accounting, including the last five years as an Assurance Partner with BDO USA, LLP, following the merger of SS&G, Inc., a large regional firm, with BDO in 2015. Prior to joining SS&G, Inc. in 2001, Ken was a partner with a large local firm and a Senior Manager with Ernst & Young. Ken’s experience includes providing assurance, tax, and business consulting services to privately owned businesses. His industry experience includes manufacturing and distribution; technology-based businesses; service businesses; private equity and venture capital funds; and audits of employee benefit plans, including plans requiring SEC Form 11-K filings. Ken is a magna cum laude graduate of Miami (Ohio) University with a BS in Business and a major in Accountancy. Ken passed the May 1978 CPA exam with the highest score in the State of Ohio and one of the top 50 scores in the United States. Ken is also a board member and treasurer of several not-for-profit organizations.

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Non-Member Price $200.00

Member Price $180.00