Live Webinar or Recording
July 10, 2024, 2:00 pm - 3:40 pm Eastern
For many years, GAAP has been considered by many smaller businesses as too burdensome to apply. The Financial Accounting Standards Board has made some progress in rendering GAAP more user-friendly, but it remains mysterious and confounding to many. This course aims to de-mystify GAAP by unpacking its basic features and illustrating how understanding GAAP-based financial statements can be a valuable, and sometimes essential, skill.
Among the topics covered in the course are:
- The fundamental differences between the GAAP, tax, and cash basis of accounting
- Revenue recognition under GAAP
- How GAAP interacts with business tax returns
- Understanding the variety of auditor opinions
- Basic approaches to disclosure
- Why GAAP and you should be friends
Level: Basic
Format: Live webcast
Instructional Method: Group: Internet-based
NASBA Field of Study: Accounting
Program Prerequisites: None
Advance Preparation: None
Guest Speaker: Chuck Borek - The Borek Group, LLC
Level: Basic
Format: Live Webcast
Field of Study: Accounting
Program Prerequisites: None
Advanced Preparation: None
