Walter Haig's GAAP for SMEs, Tax & Cash Frameworks Update

After attending this presentation you will be able to...

• Identify common mistakes in the preparation of financial statements for small- and medium-sized entities
• Handle common principle departures in the financial statements of small- and medium-sized entities
• Recall common footnote disclosures in small- and medium-sized entities
• Recognize the new lease accounting standard implementation issues

• The major topics that will be covered in this class include:

  • Amendments to the U.S. Accounting Standards Codification (i.e.
  • U.S. GAAP) issued during the 18-month period prior to the program that impact SMEs
  • Update and review of the tax and cash special purpose frameworks
  • Update and review of the AICPA Financial Reporting Framework for SMEs
  • Update on common errors and deficiencies as identified in financial statements as identified in peer reviews and in litigation