Course Description

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.  This webinar will focus on the most common financial statement disclosures for small- or medium-sized nonpublic entities.  

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

Learning Objectives

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

Prerequisites

• None

Who Should Attend

CPAs, accounting/finance professionals who work with or audit financial statements.