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Overview

2.0 Credits
ONLINE

Financial statement disclosures are important to provide the information necessary for financial statement users to make economic decisions. Disclosures further explain and clarify information provided in the basic financial statements but also provide critical information about subsequent events, litigation risk, and other concerns. Focus on the most common financial statement disclosures for small- or medium-sized nonpublic entities.

Objectives

• Discuss common financial statement disclosures for small- and medium-sized nonpublic entities
• Describe critical information useful to financial statement readers for making economic decisions
• Explain results of operations through information that supplements the face financial statements 

Major Topics

• General disclosures about the entity and its environment
• Common critical information that supplements the face financial statements 
• Highlighting risks and uncertainties through robust footnotes
• Tailoring disclosures to the nature, size, and complexity of the entity to provide useful information for economic decisions 

Designed For

Public and industry accountants at all levels interested in remaining current on technical accounting and financial reporting requirements

Prerequisite

 

Advanced Preparation

 
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