Private Company Simplified GAAP Alternatives ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
The FASB formed the Private Company Council to provide certain alternatives in U.S. GAAP that are only available to nonpublic business entities, with limited exceptions for certain nonprofits. This course will provide insight into when adopting the accounting and financial reporting alternatives would be to the advantage of private companies.
Highlights
When adopting the accounting and financial reporting alternatives would be to the advantage of private companies.
Prerequisites
None.
Designed For
CPAs.
Objectives
List the recognition, measurement, presentation and disclosure options only available to nonpublic business entities in U. S. GAAP. Explain the benefits of adopting the U. S. GAAP alternatives, and the most advantageous time to do so. Apply illustrative examples for how financial statements look different before and after application of the allowable simplifications in accordance with U. S. GAAP.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy CPE LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.
Non-Member Price $56.00
Member Price $49.00