This course is part of the Las Vegas, NV – December 2025 Conference. Click the link below to view the conference page.
$399.00
Availability: 38 in stock
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Accounting
Event Date: December 11, 2025 11:30 am
Course Level
Overview
Format
Conference
Course Description
This strategic course unveils the competitive advantages available exclusively to nonpublic entities through the FASB’s Private Company Council alternatives. Moving beyond mere technical explanations, this session helps you identify which GAAP simplifications deliver the greatest practical benefits for your organization or clients.
Through side-by-side comparisons and real-world scenarios, you’ll visualize how financial statements transform when these alternatives are applied, allowing you to make informed decisions about implementation timing and stakeholder impact.
The course thoroughly examines:
• The complete spectrum of recognition, measurement, presentation, and disclosure options available to private companies under U.S. GAAP
• Cost-benefit analysis of each alternative to determine which provide meaningful relief
• Strategic considerations for timing the adoption of these alternatives
• Implementation approaches and communication that minimize disruption to existing accounting processes
Especially valuable for: Controllers and CFOs of private companies, accounting professionals who serve private company clients, and financial statement preparers seeking to streamline reporting while maintaining GAAP compliance. This course provides practical guidance for leveraging private company accounting advantages while satisfying user needs.
Learning Objectives
Upon completion of this course, participants will be able to:
Identify the range of recognition, measurement, presentation, and disclosure alternatives available to private companies under the FASB Private Company Council framework.
Evaluate the cost-benefit trade-offs of various GAAP alternatives to determine which provide meaningful practical relief for private companies.
Develop strategic plans for the timing and implementation of GAAP alternatives to optimize operational and reporting benefits.
Apply best practices for minimizing disruption to existing accounting processes when adopting alternative treatments.
Effectively communicate changes in accounting methods and their impact to stakeholders, including management and financial statement users.
Analyze financial statement transformations through before-and-after comparisons to better understand the tangible effects of adopting GAAP alternatives.
Course Specifics
25CLasVegasDec-LE424740
None
None
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …