Financial statement disclosures are important to provide the information necessary for financial statement users to make economic decisions. Disclosures further explain and clarify information provided in the basic financial statements, but also provide critical information about subsequent events, litigation risk, and other concerns.
This CPE Webinar offers insights into common financial statement disclosures applicable to private entities, particularly small and medium-sized nonpublic ones. It highlights the importance of qualitative characteristics in financial reporting, emphasizing the provision of useful information to stakeholders for informed decision-making. Further, it delves into general disclosure requirements, emphasizing their alignment with financial statement presentation and the need for transparency, especially regarding significant accounting policies, use of estimates, and uncertainties associated with significant accounts. It also covers specific accounting aspects such as changes in accounting principles, cash and cash equivalents, trade notes receivable, impairment of long-lived assets and intangibles, and the disclosure of equity investments.
Key topics covered in this course:
Join this CPE Accounting Course, we will focus on the required financial statement disclosures for small- or medium-sized nonpublic entities under U.S. GAAP. We will also discuss the general and specific disclosures for common categories of assets, liabilities, equity transactions, revenues, and expenses.
President, Emergent Solutions Group LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Ms. Louis was very accurate in her recommendations on disclosures. She was kind enough to have her slides and persona on the screen at the same time throughout the entire presentation. The questions posed for the polling were very detailed and required concentration, often needing more than a minute (or Less).
JT
Information presented was relevant. Presenter well prepared.
DT
Thorough coverage of disclosures for non-public entities
WS
Great review recourse for footnote disclosures.
SL
Very useful to what I'm currently working on
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