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Understanding Financial Statement Disclosures for Private Companies with Renee Rampulla

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(Check-In 8:15am EST)

Virtual

4.00 Credits

Member Price $309.00

Non-Member Price $219.00

Overview

Do you prepare private company financial statement disclosures in accordance with accepted accounting principles (GAAP) issued by the Financial Accounting Standards Board (FASB), or a “Special Purpose Framework” (SPF), such as cash or tax basis? If so, then this course is for you. This course addresses many frequently encountered disclosures associated with the preparation of financial statements for private companies.  

Highlights

Upon completion of this course, you will be able to: 

  • Identify the types of frequent disclosures found in the financial statements of private companies. 

  • Recall the many ways to research private company disclosure requirements using the FASB Codification and other FREE tools. 

  • Recognize the additional disclosure requirements needed when using a special purpose framework. 

Prerequisites

Previous experience in accounting

Designed For

Professionals who prepare, compile, review, or audit private company financial statements. This course is a great learning tool or refresher for financial statement preparers, CPAs in industry, those in public accounting, educators, and other interested professionals. 

Objectives

  • Learn to research disclosure requirements and examples using the FASB Codification and the SEC’s website. 

  • Understand frequent disclosure requirements such as contingencies, risks and uncertainties; accounting policies; revenue recognition in accordance with FAS ASC 606; leases in accordance with FAS ASC 842, and so much more. 

  • Know the additional disclosure requirements needed when preparing private company financial statements using a SPF.  

Leader(s):

Leader Bios

Renee Rampulla, American Institute of CPAs

Renee Rampulla has over twenty years of professional experience. She writes, lectures, and consults on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. Renee is the president and founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, she was a senior staff member of the American Institute of Certified Public Accountants (AICPA). At the AICPA Renee worked closely with senior technical committees, presented technical guidance before standard setters, and authored and updated several authoritative and non-authoritative publications. For several years Renee was an adjunct lecturer at a university in New York City where she taught numerous undergraduate accounting and auditing courses. Renee enjoys teaching and is an instructor and author of several continuing professional education courses for the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE) and other organizations, covering a variety of accounting and auditing topics. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the NYSSCPA, the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, and the Association of Certified Fraud Examiners. Renee serves as a committee member of the NYSSCPA’s Professional Ethics committee. She is currently the vice-leader of the NJSCPA’s Accounting and Auditing Standards Interest Group, becoming leader in June 2012. Previously she served as co-chair of the NJSCPA Accounting Standards and IFRS sub-committee interest groups.

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Non-Member Price $219.00

Member Price $309.00