May 24, 2022


4 Total CPE Credits


Financial Statements for the Simple Business Entity: GAAP and Other Alternatives-Simplifying the Process

Learning Objectives

  • Identify alternatives to GAAP that may simplify accounting and reporting without sacrificing quality
  • Develop disclosure checklists that are unique to each set of financial statements improving efficiency
  • Learn how to save time in selecting and writing disclosures, while improving the effectiveness
  • Understand how to document accounting and disclosure decisions to satisfy peer reviewers and users of financial statements

Major Topics

  • Accounting for simple business entities
  • FRF for SMEs and other alternatives to GAAP
  • Avoiding the pitfalls and costs of GAAP reporting and disclosure requirements
  • Documenting accounting decisions to minimize potential liability

CPE Credits Available

Total CPE
Accounting & Auditing

Things to Know About This Course


Basic understanding of financial statements.

Advanced Preparation


Intended Audience

Independent and internal accountants with responsibility for preparing financial statements and disclosures for nonpublic entities.


California Society of CPAs

This event has ended.