CPE Course Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses

May 19, 2017

12:45pm — 4:30pm


Member Price $129.50
Non-member Price $179.50

Curriculum Accounting & Audit

Field of Interest Accounting and Auditing

Level Beginning

Designed For

CPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small- and medium-sized businesses

4.00 credits

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A clear and concise set of proper financial statement disclosures can make or break an entity's financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and
understand, even for small- and medium-sized businesses. Oftentimes, financial statement users will first turn to the notes in the
financial statements in order to get a feel for where the business and its numbers might be heading. This course will focus on key balance sheet and income statement disclosure as well as those relating to accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related party disclosures. The course will use illustrations and real-world examples from
financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.

• Understand and apply the professional requirements and guidance for preparing financial statement disclosures for all entities,
including small- and medium-sized businesses
• Identify balance sheet, income statement, and statement of cash flows presentation issues
• Review disclosure examples from all sized entities, including small- and medium-sized businesses
• Be familiar with developing disclosure issues
• Utilize hands-on examples and illustrations to increase your overall understanding and application of the material


• Financial statement disclosures for small- and medium-sized businesses
• Balance sheet, income statement, and statement of cash flows presentation and disclosure issues
• Disclosure examples from all sized entities which you can use to base your disclosures on
• Developing disclosure issues


Jeffrey Lieman CPA

Jeff Lieman is currently a Chief Examiner for the Maryland Insurance Administration where he is responsible for solvency examination of Maryland Domestic Insurance companies and concurrently heads his own local consulting firm in Owings Mills, MD. Jeff's previous experience has included serving as a Director for Ellin & Tucker, Chartered where he developed two new niche areas for the firm and supervised numerous audit service engagements. Jeff trained staff in many areas of accounting, administration and consulting and provided training services on a national level to other organizations. He reviewed numerous accounting systems and assisted in the selection and implementation of automated systems, helped develop policies and procedures for technology usage, work paper development, administrative procedures and other office policies, and also provided Peer Review Services (SEC section). Jeff also served as a Senior Manager with KPMG/Baltimore. At KPMG he maintained client relations, marketed audit, tax and consulting services, and managed audit related services for publicly traded and privately held entities. His clients included real estate ventures, printing and publishing companies, electronic manufacturers, wholesale distributors, retail stores, financial institutions, construction contractors, Governmental units, and various nonprofit organizations. Mr. Lieman has been a national trainer for KPMG where he developed training materials for staff and instructors and is recognized nationally as a lecturer for various technology and accounting topics and has been quoted in various trade journals. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.close



Surgent McCoy CPE, LLC

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