NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
When U.S. GAAP Isn't The Answer: The Pros and Cons of Adopting The New Smaller Employer Framework - Morning Course

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Online Registration Form

Date: August 31, 2017
Location: German American Society, Omaha
Course Time: 8:30 AM to 12:00 PM
Registration Begins: 8:00 AM
Summary
The AICPA has developed and released its new Financial Reporting Framework for Small- and Medium-Sized Entities (FRFfor SMEs™), noting ‘millions of private companies do not need to use or are not required to provide stakeholders financial statements prepared in accordance with U.S. GAAP but want an accounting system that has undergone public comment. The FRF for SMEs™ is a non-GAAP financial reporting solution that will be an option for millions of America's private companies.' For many small- and medium-sized businesses, preparing financial statements using the special purpose framework, FRF for SMEs™, may provide an alternative to the complexity of U.S. GAAP. This course will provide you with an overview of FRF for SMEs™ including application examples and a disclosure outline (checklist) for use in preparing and reporting on FRF for SMEs™ financial statements.
Objectives
* Understand why the AICPA developed and released FRF for SMEs™ * Be familiar with the overall objectives of FRF for SMEs™ * Take a look at a basic set of FRF for SMEs™ financial statements * Review the key chapters of FRF for SMEs™ * Be aware of disclosures applicable to FRF for SMEs™.
Highlights
* An introduction to FRF for SMEs™ * FRF for SMEs™ financial statements * Key chapters in FRF for SMEs™ * Disclosure outline (checklist) for use with FRF for SMEs™.
Who Should Attend
Small- and medium-sized business owners, financial statement preparers, and accounting/auditing practitioners at all levels desiring a thorough understanding and application of FRF for SMEs™.

Course Level Basic
Prerequisites Basic understanding of financial reporting concepts.
Course IDAGA4
Discussion LeaderMichael J. Morgan, Surgent
CPE Credit4 Hours
Additional Information: Lunch is included if registered for both courses (AGA4 & NLS4- page 44) on same day. Parking is available onsite.
Fee: $145 - Society Member
$175 - Society Nonmember

Lunch included if registered for both AGA4 & NLS4
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