March 26, 2024

Webinar

4 CPE

Webinar (CA): Small-Business Financial Statements 2023

March 26, 2024
Webinar
4 CPE

Webinar (CA): Small-Business Financial Statements 2023

  • View Bio

    Instructor

    Rich
    Ferdinand

    View Bio

    Rich Ferdinand, CPA, MBA

    Bio

    Rich Ferdinand specializes in providing financial and general management services to the small and medium sized business market (SMBs). Mr. Ferdinand has served as Chief Financial Officer ranging from full time, interim or on a consulting basis for companies in various industries that are either early stage or mature, as well as requiring turnaround assistance. He is a past recipient of the Outstanding Instructor Award from the AICPA and a recipient of the Education Foundation’s Award for Instructor Excellence and the Meritorious Service Award. He has previously taught part time at UCLA in the undergraduate and graduate business programs. Mr. Ferdinand is a licensed CPA in California and was formerly with Deloitte & Touche in Los Angeles. A native of NJ, Mr. Ferdinand graduated from Colgate University and received his MBA from the University of Chicago. He currently resides in New Hampshire with his wife and two daughters.

  • Instructor

    Kenneth
    Garrett

Examine the bases of accounting available to small- and medium-sized privately-owned businesses, including the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs). You'll review the cash and tax bases of accounting and other special-purpose frameworks. The features, benefits and risks of each framework will be covered and guidance for professional judgments. This course, taken with the 4-hour Preparing Financial Statements for Clients (PRFS), meets the 8-hour accounting CPE requirement for accountants who prepare financial statements but perform no audits, reviews or compilations.

Learning Objectives

• Identify the special purpose and GAAP frameworks
• Determine primary differences between the frameworks
• Recognize situations in which the use of each framework might be useful
• Identify the risks to a company and its independent accountants associated with each framework
• Recognize ways that framework selection impacts financial statements, including disclosures, and impacts compilations and reviews

Major Topics

• Special purpose frameworks vs. GAAP
• AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)
• Cash and tax bases of accounting
• Other Comprehensive Basis Of Accounting (OCBOA)
• Revenue recognition
• Accounting methods
• Financial statements
• Disclosures

CPE Credits Available

4 CPE
4
Accounting

Things to Know About This Course

Course Level

  • Overview

Prerequisites

None.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs, accountants, tax practitioners and other financial professionals looking to expand and update their understanding and knowledge.

Provider

California CPA Education Foundation

This event has ended.