Private Company Financial Reporting UpdateCode: 16-PVTCO

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Course Details

32 pages
Course description and objectives:

The differences in the financial reporting needs of private and public companies is a topic that has been studied at various times over the years. This course will provide an update on recent projects and activities focusing on private company financial reporting. As background for the update, the standard setting process will be reviewed.

Learning Objectives
After completing this course, you should be able to:

  • Identifythe concerns and issues regarding private company financial reporting.
  • Recognizethe accounting standard setting process.
  • Recognize the various private company financial reporting initiatives that have occurred.
  • Identify the role of the Private Cmpany Council and the FASB regarding private company standard setting.
  • RecognizeIFRS, IFRS for SMEs and the considerations regarding U.S. companies use of IFRS for SMEs.
  • Presentation Method: QAS Self-Study

    Category: Accounting

    CPE credit: 1 Hour

    Program Level: Update

    Prerequisites: None

    Advance Preparation: None

    Exam expiration date: Participants must submit exams for grading within one year from the date of purchase

    For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

    American CPE, Inc. 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 addressed to the National Registry of CPE Sponsors at their website, www.learningmarket.org

    NASBA Sponsor number 108096

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