Private Company Financial Reporting Update (Currently Unavailable)

Author: Candace Leuck

This course focuses on the Private Company Council (PCC), PCC issues, PCC Impact on GAAP, Compilation & Review, and FRF for SMEs.

Publication Date: June 2015

Designed For
Practitioners involved in financial reporting in a private company.

Topics Covered

• Private Company Accounting Alternatives
• Definition of Financial Institution
• AICPA OCBOA Framework
• Private Company Council
• FRF for SMEs
• AICPA FRF for SMEs
• U.S. GAAP

Learning Objectives

• Recognize the various private company financial reporting initiatives that have occurred.
• Identify the role of the Private Company Council
• Recognize IFRS, IFRS for SMEs and the considerations regarding U.S. companies use of IFRS for SMEs.

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None