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

Instructor: Candace Leuck
Product ID: 705141
  • 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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"AICPA'S Financial Reporting Framework for Small and Medium Size Entities" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.8 CPE credit up on full completion of the course.

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.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200,, e-mail [email protected].

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

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