AICPA'S Financial Reporting Framework for Small and Medium Size Entities

Speaker

Instructor: Candace Leuck
Product ID: 705141

Location
  • Duration: 90 Min
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 (American Institute of CPAs) recently developed accrual basis framework of accounting. This training program will deconstruct AICPA's financial reporting framework for small and medium size entities.
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Why Should You Attend:

This webinar will discuss the new framework guidance developed by the AICPA for privately held entities as well as discuss 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 program will give 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.

Areas Covered in the Webinar:

  • Explore the history of why and how the financial reporting framework came to be developed
  • Identify the impact on both internal and external users
  • Discover the cost and reporting benefits of making a change
  • Explore the structure along with similarities and differences with GAAP

Who Will Benefit:

  • Business Owners
  • Chief Financial Officers
  • Compliance Managers and Officers
  • Risk Managers and Officers
  • Controllers
  • Retail Businesses Owners
  • Lenders and Investors
  • Accountants
  • Finance Attorney
  • Auditors
  • Internal Control Professionals
  • CPAs, financial professionals, executives of small and medium size entities in all industries
Instructor Profile:
Candace Leuck

Candace Leuck
Owner, Athena Finance Group Inc

Candace Leuck, CPA, is the president of Athena Finance Group, where she specializes in strategic planning, distressed entity recovery, valuations, and educational programs. Before that, Ms. Leuck worked as a manager at Ernst & Young and taught courses at Clemson University’s School of Accountancy and Legal Studies, Furman University, and The University of North Carolina at Greensboro. Ms. Leuck earned her Master of Professional Accountancy (audit emphasis) from Clemson University.

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