{"product_id":"private-company-fasb-gaap-alternatives-pcpa2024","title":"Private Company FASB GAAP Alternatives","description":"\n\u003ch3\u003e\u003cstrong\u003e\u003cspan\u003eCourse Description\u003c\/span\u003e\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eThe FASB formed the Private Company Council to provide certain alternatives in U.S. GAAP that are only available to nonpublic business entities, with limited exceptions for certain nonprofits.  This course will provide insight into when adopting the accounting and financial reporting alternatives would be to the advantage of private companies.\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003e\u003cspan\u003eMajor Topics\u003c\/span\u003e\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cspan\u003eEntities permitted to adopt the U.S. GAAP simplified alternatives\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eGuidance, related to ?plain vanilla? interest rate swaps that convert variable into fixed rate debt and other derivatives\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eGuidance related to amortization and impairment of goodwill\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eGuidance related to separately recognizing intangible assets from goodwill in a business combination\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eGuidance related to not consolidating variable interest entities\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eGuidance related to lease accounting and revenue recognition options\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch3\u003e\u003cspan\u003eLearning Objectives\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003eUpon completing this course, you should be able to:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eList the recognition, measurement, presentation and disclosure options only available to nonpublic business entities in U.S. GAAP.\u003c\/li\u003e\n\u003cli\u003eExplain the benefits of adopting the U.S. GAAP alternatives, and the most advantageous time to do so\u003c\/li\u003e\n\u003cli\u003eApply illustrative examples for how financial statements look different before and after application of the allowable simplifications in accordance with U.S. GAAP\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch3\u003e\u003cspan\u003eCourse Information\u003c\/span\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eCPD Credit:\u003c\/strong\u003e 2.0 hours Accounting\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePrerequisites:\u003c\/strong\u003e None\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProgram Level:\u003c\/strong\u003e Basic\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAdvance Preparation:\u003c\/strong\u003e None\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWho Should Participate:\u003c\/strong\u003e Public and industry accountants responsible for monitoring fair presentation of financial statements\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003e\u003cstrong\u003eInstructor\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eName:\u003c\/strong\u003e Jennifer Louis\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eHometown:\u003c\/strong\u003e Charlotte, NC\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eBio:\u003c\/strong\u003e Jennifer has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and ?soft skills? topics needed for professional and organization success.  In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization?s professional training needs on a project or part-time basis.  Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years.  Prior to that, Jennifer was Executive Vice President\/Director of Training Services at AuditWatch, Inc., a highly respected training and audit process consulting firm later acquired by Thomson Reuters.  Over her six years at AuditWatch, Jennifer served many roles.  She began her career at AuditWatch as Vice President of Product Development.   Jennifer also served as an instructor and consultant for the firm?s Audit Productivity Improvement Program (a comprehensive program enabling accounting firms to enhance audit quality and improve audit efficiency), as well as various other training courses.  Later, Jennifer was primarily responsible for working with clients to design high-caliber, customized training programs.  She led the Training Services Division, which includes AuditWatch University (?core-level? staff training for new hires to managers) and related offerings.  She also co-authored the Guide to Value-Added Auditing (Thomson\/Practitioners Publishing Company, Fort Worth, TX, July 2001).\r\n\r\nBefore joining AuditWatch, Jennifer was the Financial\/Operational Audit Manager at AARP.  While at AARP she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and trainings.\r\n\r\nJennifer was also an Audit Manager at Deloitte, in Washington, DC.  During her five years with Deloitte, she was a frequent local and national instructor.  Jennifer also served as an instructor for the firm?s national ?Train the Trainers? program. \r\n\r\nJennifer graduated summa cum laude from Marymount University with a BBA-Accounting.  She is currently a member of the American Institute of Certified Public Accountants (AICPA) and is licensed to practice accounting in the Commonwealth of Virginia and North Carolina.Contact Jennifer via email at jlouis@emergentgroup.net, or via LinkedIn\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"K2 Enterprises","offers":[{"title":"Default Title","offer_id":42698591993954,"sku":"pcpa2024","price":99.0,"currency_code":"CAD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0022\/3726\/8025\/files\/Private-Company-Simplified-GAAP-Alternatives-Cl_3d10b961-f4f7-44db-a128-e7350857a100.jpg?v=1775510242","url":"https:\/\/www.k2e.ca\/products\/private-company-fasb-gaap-alternatives-pcpa2024","provider":"K2E Canada","version":"1.0","type":"link"}