2024 Financial Statement Presentation and Disclosure

Overview

This comprehensive session is a must-attend event for any professional accountant who prepares financial statements for either a private enterprise or a firm client. We illustrate best practices for presentation and disclosure by revisiting fundamentals of financial reporting for various industries. This workshop explores best practices for United States GAAP in addition to considerations for special purpose frameworks. Experienced accountants will benefit from a refresher whereas other accountants will appreciate formative skill-building insights.

Prerequisites

Basic working knowledge of financial statements

Objectives

• Utilize resources for financial statement preparation
• Identify efficient methods for preparing financial statements
• Appreciate the role of disclosures in financial reporting
• Prepare financial statements and related disclosures

Highlights

• U.S.  GAAP and Special purpose frameworks
• Form and content of financial statements: Balance sheets
• Income statements; Statements of cash flows
• Retained earnings and/or owners’ equity statements
• Comprehensive income
• Supplementary information
• Comparative vs. single-period financial statements
• Sufficiency of disclosures
• Illustrative disclosures frequently encountered in small-to-medium reporting entities
• Industry-specific nuances