A clear and concise set of proper financial statement disclosures can make or break an entity's financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and understand, even for small and medium-sized businesses. Oftentimes, financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading. This course will focus on key balance sheet and income statement disclosure as well as those relating to adoption of new accounting standards such as Topic 606, accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related party disclosures. The course will use illustrations, examples based on private company financial statements disclosures, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.
CPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small and medium-sized businesses
Understand and apply the professional requirements and guidance for preparing financial statement disclosures for all entities, including small and medium-sized businesses
Identify balance sheet, income statement, and statement of cash flows presentation issues
Review disclosure examples from all sized entities, including small and medium-sized businesses
Be familiar with developing disclosure issues, such as those related to the adoption of new accounting pronouncements
Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
Financial statement disclosures for small and medium-sized businesses
Balance sheet, income statement, and statement of cash flows presentation and disclosure issues
Disclosure examples from all sized entities which you can use to base your disclosures on
Developing disclosure issues, including disclosures related to the adoption of Topic 606
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Registration is closed. Please contact ISCPA at 208-344-6261 or email firstname.lastname@example.org if you have any questions.
Curtis Quickel is an individual practitioner in Little Rock, Arkansas. Before establishing his own practice, he worked several years in industry as a corporate controller. As a retired Lieutenant Colonel from the U.S. Army Reserves, he taught courses at the U.S. Army Command and General Staff College in Ft. Leavenworth, Kansas. He also completed three combat tours in Iraq, Kuwait, and Afghanistan. He is a past president of the Central Chapter of the Arkansas Society of CPAs and Past Chairman of the Industry and Commerce Committee. Quickel is also a past recipient of the Arkansas Society of CPAs Outstanding CPA in government award.