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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Disclosure – The Key to Financial Statements (DKFS)

8-Hour Program (Great industry course)

WHY ATTEND THIS COURSE?

Keep your professional reputation stellar by making sure your financial statements are “up-to-speed.” This course will:

  • Explain and illustrate disclosure requirements
  • Clear up misconceptions on practice problems
  • Correct disclosure deficiencies most frequently cited by peer reviewers

DESIGNED FOR...

Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public financial statements.

This program is a must for those practitioners who will undergo peer review.

OBJECTIVE

Participants will be able to prepare disclosures necessary for privately held companies.

MAJOR SUBJECTS

This program does not discuss SEC requirements.

  • Content includes effects of the 2017 Tax Cuts and Jobs Act
  • Special emphasis is given to common disclosure deficiencies noted in practice
  • Recent changes in subsequent events, going concern, loss contingencies, financial instruments, and fair value
  • Risks and uncertainties and accounting policies
  • Liabilities—how debt violations impact classification
  • Uncertain tax positions
  • Accounting changes, error corrections, and other categories in the income statement
  • Cash flow statements

COURSE ACRONYM: DKFS

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES:

  • Participants should be familiar with current accounting issues

ADVANCE PREPARATION: None

FIELD OF STUDY: Accounting

RECOMMENDED CPE CREDIT: 8 hours


Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour and 4-hour program:

  • Disclosure – The Key to Financial Statements (DKFS)
  • Pitfalls and Problems in Financial Statement Disclosures (PPF4)

CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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 through its website: www.nasbaregistry.org.