Live Stream: Financial Statement Disclosures - A Guide for Small and Medium-Sized Businesses

362  |  Livestream  |  Basic  |  Scheduled


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, especially 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, so these disclosures need to be well-written and follow applicable standards. This course will focus on key balance sheet and income statement disclosures as well as those relating to adoption of new accounting standards related to revenue (ASC 606) and leases (ASC 842), 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 statement disclosures, and real-world excerpts from financial statements to provide a hands-on feel for the disclosure requirements across a number of accounting standards.


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


  • 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


  • 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


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Registration for this event has closed. If you have any question or concerns please give us a call at 615-377-3825 or send us an e-mail at


Jeffrey Lieman, CPA

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals.

Since 2016, he has received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors.

He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

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