Understanding Financial Statement Disclosures (FFSD)

Pre-requistes:

None

Knowledge Level:

Basic

Major Topics:

• Balance sheet, income statement, and statement of cash flows presentation and disclosure issues
• Developing disclosure issues, including disclosures related to the adoption of Topic 606
• Financial statement disclosures for small and medium-sized businesses
• Disclosure examples from all sized entities which you can use to base your disclosures on

Learning Objectives:

• The FASB Accounting Standards CodificationTM;

• SFAC No. 8, Conceptual Framework for Financial Reporting;

• The key role risk factors play in financial statement disclosures; and

• The “Summary of Significant Accounting Policies” financial statement disclosure.

Designed For:

CPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small and medium-sized businesses