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 U.S. 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.

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-9280. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

• U.S. GAAP
• 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

Prerequisites

Basic working knowledge of financial statements

Designed For

CPAs in public practice and members in industry

Objectives

Upon completion, you will be able to:

• 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.

Preparation

None