Disclosure - The Key to Financial Statements

Description

A company's financial statements are far more than just financial data. This is where the disclosures become key to explaining what the numbers may not be able to on their own. Keep your professional reputation stellar by making sure your financial statements are "up-to-speed." This course will: Explain and illustrate disclosure requirements Clear up misconceptions on practice problems Correct disclosure deficiencies most frequently cited by peer reviewers Illustrate revenue and lease disclosures based on Topics 606 and 842

Highlights

  • Special emphasis is given to common disclosure deficiencies noted in practice
  • Recent changes in accounting guidance that impacts disclosures
  • Risks and uncertainties and accounting policies
  • Liabilities-how debt violations impact classification
  • Uncertain tax positions
  • Accounting changes, error corrections, and other categories in the income statement
  • Cash flow statements

Objectives

Participants will be able to prepare disclosures necessary for both public and non-public entities.

Designed For

CPAs, accountants, and financial professionals in industry and public practice who are responsible for the preparation of financial statements. This program is also a must for those professionals who will undergo peer review.



Leaders

Rebecca Lee

Rebecca M. Lee, CPA, CGMA

Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Kaplan Financial Education, powered by Loscalzo Institute, and a founding Principal with Brooke, Freeman & Lee. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.

She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs.

Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a Bachelor of Science in Accounting from Jacksonville State University, along with a master's degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.