Private Company Accounting

The convergence process is beginning to wind down. Both FASB and the IASB have issued new revenue recognition standards, and lease standards. Financial instrument changes will soon follow. These changes will impact both public and private companies.

IFRS convergence and private company accounting changes impact activities well beyond financial reporting. Awareness of IFRS adoption efforts by the SEC is one thing; understanding how FASB’s convergence project and private company reporting can affect your company is a very different issue. You cannot afford to miss this critical, entertaining and interactive course.

Topics Discussed

• • The major convergence elements:
    • Revenue recognition
    • Lease accounting
    • Financial instruments reporting
    • Other Comprehensive Income presentation
  • How convergence will change your basic financial statement presentation
  • Reporting alternatives for private companies
  • The critical operations issues driven by these comprehensive changes
  • Ten action items for you to take today as you prepare for the unpredictable times ahead

Cases and Group Discussion
This seminar includes six group exercises.

Target Audience
CFOs, controllers and managers involved with financial reporting

Level of Knowledge
Intermediate

Acronym
PCA

CPE Credit
8 hours group live

Area of Study
Accounting

Prerequisite
Participants should have at least six months of industry experience and thorough knowledge of financial accounting principles and practices.

Advanced Preparation
None