Financial Reporting Frameworks for SMEs Update and Review


This course provides an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs). Troublesome areas in these financial reporting frameworks as identified in peer reviews and litigation will be highlighted. This course also addresses COVID-19 issues including practical guidance in accounting for PPP loan programs.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.




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

  • Gain updated knowledge of the accounting standards issues during the past year
  • Know how updates affect the preparation of financial statements of small and medium-sized entities
  • Know how to handle common financial statement deficiencies


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
  • 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 peer reviews and in litigation
  • Detailed analysis of the lease accounting standard
  • Practical guidance in accounting for COVID-19 issues including the accounting for PPP loan programs

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:


4 CPE Credits
Accounting: 4 Credits


Member Price:
Non-member Price:

    Registration is open through 05/24.

    Monday, May 24th

    11:00am to 7:00pm

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    Walter Haig II