2020 - AICPAs Financial Reporting Framework for Small and Medium Size Entities

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
LEARNING OBJECTIVES
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
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.
WHO WILL BENEFIT?
Accountants
All aspiring entrepreneurs
All executives of any organization
Consultants in advisory positions to businesses
Tax and legal consultants
SPEAKER
Candace Curry Leuck is owner of Athena Finance Group, Inc. specializing in strategic planning, distressed entity recovery, valuations, and educational programs. Athena's mission is to pursue and communicate the information clients need. This is accomplished through a cooperative working relationship. Based on solid strategy, the outcome is an expansion of the opportunities of those served.
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