AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)

Date: Tuesday, September 10, 2013
Time: 03:00 PM ET / 02:00 PM CT / 01:00 PM MT / 12:00 PM PT [Prevailing Time]
Presenter: Robert Durak, CPA, Director of Private Company Financial Reporting Accounting Standards, AICPA
Moderator:
Learning Objectives:
To provide the specifics about the AICPA’s Financial Reporting Framework for Small and Medium Sized Entities
Field of Study: Accounting
Program Level: Intermediate
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.

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Course Description

The accounting world is becoming more complex with new accounting rules developed for publicly-held companies, These new rules put a burden on private companies that are both time consuming and costly. However, a new accounting framework is now available for Main Street businesses that do not need GAAP-based reporting. This session will cover the specifics about the AICPA’s FRF for SMEs framework including why it was developed, who it is for, and its key principles and accounting requirements. In addition, the session will address the benefits of the new framework and the many tools that are available to help implement the FRF for SMEs.

Presenter and Moderator Bios

Presenter: Robert Durak, CPA, Director of Private Company Financial Reporting Accounting Standards, AICPA

Robert Durak has been with the AICPA since 1995 and is a member of the Accounting Standards department, as the Director of Private Company Financial Reporting. Currently he is overseeing the development of the AICPA’s financial reporting framework for smaller businesses. Bob staffed the Private Company Financial Reporting Committee (“PCFRC”) for the last six years and helped staff the recent Blue Ribbon Panel on private company accounting. Previous to his position in the Accounting Standards department, Bob was the Director of the Accounting and Auditing Publications team at the AICPA. Prior to joining the AICPA, Bob was a manager at Deloitte & Touche in their auditing practice in New Jersey.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

All programs are delivered using the Zoom platform.
Confirmations will include log-in instructions.
Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.