AICPA's Guide to Reporting and Disclosure Problems for Private Companies

• Chapter 0 - Overview
  • Course Goals
  • Introduction
  • Organization
  • GAAP for Small Businesses
    • FASB Codification Project
  • Standards Overload
    • Private Company Financial Reporting Committee
  • Other Comprehensive Basis of Accounting (OCBOA)
  • Financial Statement Disclosure
  • Common Financial Reporting Deficiencies
  • References for Reporting and Disclosure
  • Financial Statement Examples
  • Conclusion
• Chapter 1 - Commitments and Contingencies
  • Learning Objectives
  • Introduction
  • Major Pronouncements
  • Summary of Principal Provisions of the Key Pronouncements
    • Contingencies
    • Compensated Absences
    • Classification of Short-Term Obligations
    • Disclosure of Operating Leases by Lessees
    • Disclosure of Long-Term Obligations
    • Disclosures of Indebtedness of Others
    • Disclosure of Concentrations of Credit Risk
    • Accounting for Environmental Remediation Liabilities
    • Subsequent Events
    • Disclosure of Certain Significant Risks and Uncertainties
  • Summary
  • Questions and Cases
    • Case 1-1
    • Case 1-2
    • Case 1-3
• Chapter 2 - Related Party Transactions
  • Learning Objectives
  • Introduction
  • Summary of Principal Provisions of FASB Statement No. 57, Related Party Disclosures
    • Related Party Transactions
  • Summary
  • Questions and Cases
    • Case 2-1
    • Case 2-2
• Chapter 3 - Going Concern Issues
  • Learning Objective
  • Introduction
  • Summary of Principal Provisions of SAS No. 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
    • Key Requirements
    • Auditing Procedures
    • Indicators of Going Concern
    • Management's Plans
    • Consideration of the Effects on the Auditor's Report
  • SAS No. 64, Omnibus Statement on Auditing Standards - 1990
  • SAS No. 77, Amendments to Auditing Standards No. 22, Planning and Supervision, No. 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, and No. 62, Special Reports
  • Summary
  • Questions
• Chapter 4 - Reporting Cash Flow Information
  • Learning Objectives
  • Introduction
  • Summary of Principal Provisions of FASB Statement No. 95, Statement of Cash Flows
    • Scope and Purpose
    • Cash and Cash Equivalents
    • Presentation of Cash Flows
    • Content and Form of the Statement of Cash Flows
  • Summary
  • Questions and Cases
    • Case 4-1
    • Case 4-2
• Chapter 5 - Accounting for Income Taxes
  • Learning Objectives
  • Introduction
  • Summary of Principal Provisions of FASB Statement No. 109, Accounting for Income Taxes
    • Objectives of Accounting for Income Taxes
    • Basic Principles
    • Temporary Differences
    • Recognition and Measurement Principles
    • Financial Statement Presentation
  • FIN 48, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109
    • FSP FIN 48-1 – Definition of Settlement in FASB Interpretation No. 48
    • FSP FIN 48-2 – Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises
  • Summary
  • Questions and Case
    • Case 5-1
• Chapter 6 - Presentation of Irregular Income Items
  • Learning Objectives
  • Introduction
  • Major Pronouncements
    • Summary of Principal Provisions of Authoritative Literature
    • Changes in Accounting Principles
    • Changes in Accounting Estimates
    • Corrections of Errors
    • Extraordinary Items
    • Comprehensive Income
    • Income Tax Effects
  • Exhibits
  • Summary
  • Questions and Cases
    • Case 6-1
    • Case 6-2
• Chapter 7 - Other Comprehensive Basis of Accounting (OCBOA)
  • Learning Objectives
  • Introduction
  • Summary of Principal Provisions of SAS No. 62, Special Reports
  • Preparing and Reporting on Cash- and Tax-Basis Financial Statements
  • Summary
  • Questions
• Chapter 8 - Ethics Focus: Accounting and Auditing
  • Ethics Overview
  • Recent Developments
  • Spotlight on Independence
  • Key Ethical Dilemmas
  • Addressing Ethical Dilemmas
  • Available Resources
• Chapter 9 - Latest Developments
• Value Aid
• Checklists and Illustrative Financial Statements for Corporations

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