|Available Formats:||Paperback | Online Subscription | eBook | See All|
Privately owned, small- and medium-sized entities are looking for a relevant, simplified and cost-beneficial framework for their financial reporting needs. Bankers and other financial statement users also need easier-to-understand, useful financial statements that are based on a reliable, principles-based framework.
The AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) is specifically designed to fulfill those financial reporting needs. When GAAP-based financial statements are not required, the FRF for SMEs may be the ideal accounting basis for owner-managers and users who need financial statements that are prepared in a consistent and reliable manner in accordance with a framework that has undergone professional and public scrutiny.
Along with the framework, the AICPA has developed implementation resources to assist owner-managers of SMEs, their outside CPAs, and those who use their financial statements. This guidance includes illustrative financial statements, a presentation and disclosure checklist, certain illustrative application examples, and sample audit, compilation and review reports. Although separate from the framework itself, the implementation guidance is included to give users a more complete resource for adopting and using the framework.
If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:
Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the CPA2Biz/AICPA Service Center at email@example.com or call 888-777-7077.