Free Demo Courses

CPAR - 2015/August, Seg.03 - On the Rise: Alternative Bases of Accounting to GAAP (demo)

Course Overview
Dissatisfaction with the usefulness of generally accepted accounting principles continues to focus on U.S. GAAP's added complexity and on its increased lack of relevance to small businesses. In our next segment, noted Loscalzo instructor John Fleming examines "why" growing numbers of private companies are choosing to prepare their financial statements on a basis of accounting other than GAAP and "which" special purpose framework (or non-GAAP alternative) they are likely to select.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the main alternatives to GAAP;
  • Recognize the advantage and disadvantage for private companies considering GAAP alternatives;
  • Identify the changes to GAAP for private companies based on Private Company Council actions;
  • Recognize what CPAs should do in planning 2015 engagements.

Content Partner:

CPA Reports Online

Prerequisites/Advanced Preparation:

Work experience in financial reporting or auditing, or an introductory course in accounting

Speaker / Author:

AICPA Practice Pro

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS


Course Code : CPAR1169-FM-d

Course Level : N/A

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible

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