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

Financial Reporting Framework for Small- and Medium- Sized Entities (FRF4)

4-Hour Program

WHY ATTEND THIS COURSE?

This 4-hour program is designed to update participants on this AICPA initiative to create an alternative to U.S. GAAP for private reporting entities. This initiative represents a standalone, self-contained special purpose framework (SPF) intended for use by privately-held entities in preparing their financial statements. We will discuss the components of the framework, how it differs from existing U.S. GAAP and income tax basis, choices that are available within the framework, as well as illustrate financial statement formats based on the framework.

DESIGNED FOR...

CPAs in public practice and industry who prepare or report on private company financial statements.

OBJECTIVE

Participants will be able to develop a comprehensive understanding and awareness of the AICPA’s private company financial reporting initiative.

MAJOR SUBJECTS

Accounting and disclosure issues associated with private entities.


COURSE ACRONYM: FRF4

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Accounting

RECOMMENDED CPE CREDIT: 4 hours


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.