Webcast
Private Company FASB GAAP Alternatives
Learn when private companies can simplify financial reporting under FASB GAAP and where those alternatives can provide the greatest benefit. This webcast reviews key PCC and nonpublic-entity options across areas such as goodwill, hedging, leases, stock compensation, and consolidation.
$98.00
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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Basic
Format
Webcast
Course Description
Private companies have more reporting flexibility under U.S. GAAP than many practitioners realize. This CPE course explains the FASB and PCC accounting alternatives available to nonpublic entities and shows when those simplifications can reduce cost and complexity without sacrificing decision-useful financial reporting. Topics include private-company alternatives and practical expedients related to CECL, derivatives and hedging, goodwill, business combinations, stock-based compensation, variable interest entities, leases, and other targeted areas of private-company reporting.
Jennifer Louis also addresses a critical strategic question: when adoption makes the most sense. Accountants and advisors will leave with a clearer understanding of how these alternatives affect recognition, measurement, presentation, and disclosure, along with the tradeoffs involved in selecting GAAP simplifications versus staying with full GAAP or considering another reporting framework.
Learning Objectives
- Identify recognition, measurement, presentation, and disclosure alternatives available to private companies under U.S. GAAP.
- Distinguish between full GAAP requirements and private-company simplifications in areas such as goodwill, derivatives, leases, and consolidation.
- Recall the eligibility criteria and key application considerations for selected PCC and nonpublic-entity accounting alternatives.
- Evaluate the potential benefits and limitations of adopting private-company GAAP alternatives based on user needs and reporting objectives.
- Determine when adoption of private-company simplifications may be most advantageous for a nonpublic entity.
Course Specifics
WC1126473648
June 18, 2026
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 …
Webcast
