CFO - Minding the GAAP

Overview

This presentation focuses on four key roles that every financial leader shares: Staying abreast and aware of the myriad changes in GAAP accounting, the impact on the balance sheet, correctly financing the organization, and properly paying state and local taxes. We must be vigilant and current. Many seasoned executives do not properly analyze the lease-versus-buy decision. GAAP is ever-changing. What are the issues that will impact our balance sheet? The spotlight is to enhance our financial skills and accounting. Accounting is always moving forward, just as we should. Otherwise, we may be left behind.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. As of April 7, 2025, the state’s Workforce Training Express Fund suspended reimbursements for training costs to Massachusetts businesses. While we don’t have a confirmed timeline for the program to resume, it will likely be sometime this summer. We will continue to monitor this closely and encourage you to visit the state’s Workforce Training website for the most current updates and guidance.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-13317. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Typical accounting issues that impact the balance sheet • Where are the ‘hidden’ issues in unrecorded liabilities • Why and how most balance sheets are not correct - What are unrecorded assets and why do they matter? - Suggestions to improve balance sheets • Identification of and resolution of balance sheet challenges and changes • Communicating with your audience and stakeholders

Designed For

Accounting Professionals

Objectives

This seminar will teach how to appreciate the paramount need for an excellent balance sheet and to emphasize the critical nature of using both a) practical analysis and b) common sense in our application and approach to balance sheet accounting.