Business and Industry Fest: Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses

113  |  Course  |  Basic  |  Scheduled

Description

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.

Credits

Number of Credits Type of Credits
4.00 Accounting

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

Highlights

* 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

Objectives

* 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

Prices

Member (Early Bird)
$169.00
Non-Member (Early Bird)
$219.00
Member
$194.00
Non-Member
$244.00
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Instructors

Robert W. Wells, CPA, CFE

Robert "Wayne" Wells graduated from Austin Peay State University in Clarksville, Tenn. in 1970 with a B.S. degree in accounting and economics.

Wells began his career in public accounting in 1970 with the national firm of what was then Touche, Ross & Co. in Nashville.

In 1974, he joined a local firm in Nashville. This firm provided accounting, auditing, fraud investigations and tax services to small and medium-sized businesses as well as extensive tax services to individuals. After a total of over 45 years experience, today he is a principal with Blankenship CPA Group, PLLC in Brentwood, Tenn.

Wells annually instructs numerous continuing education seminars and in-firm training classes all over the U.S. for the major continuing eduction providers in the areas of accounting, auditing, fraud and taxation. Wells is a recipient of the 2013 Outstanding Discussion Leader Award presented by TSCPA and the 2014 Outstanding Discussion Leader Award presented by the AICPA.

Wells holds a CPA in Tennessee and is also a Certified Fraud Examiner. He is a member of TSCPA, AICPA and the Association of Certified Fraud Examiners.

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