2026 Private Company GAAP Financial Statements
Online
4.00 Credits
Member Price $160.00
Price will increase by $20 after 6/4
Non-Member Price $225.00
Price will increase by $20 after 6/4
Overview
Since the inception of FASB’s Private Company Committee (PCC), there has been a new emphasis on private company financial statements. The PCC works with the FASB to identify areas where standards for non-public entities can be easier and more manageable. This program focuses on those areas.
Objectives
- To understand the role of the PCC
- To learn the areas where private companies have the option to elect more simplified methods
- To learn how to disclose PCC elections that are made
Highlights
- Reduced disclosure requirements for private companies
- Presentation of elements in financial statements
- Financial instruments
- Consolidations
- Practical expedients in standards such as revenue recognition, leases, and CECL
Designed For
CPAs in public and private practice
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC
Kenneth Heaslip, MS, MBA, CPA
Kenn has taught accounting since 1983.
•35 years with Becker CPA Review, including years as an author, editor-in-chief, and national director responsible for all course material and instructor training. •20+ years as a college professor at Seton Hall University, Kean University, Bloomfield College, Rutgers University, Stevens Institute, and Queens College. •20+ years teaching CPE for Loscalzo Associates, Smart Pros, and Kaplan •20+ years writing and developing CPE programs
Kenn’s unique ability to present complicated material in an easy-to-understand way, has earned him high ratings and awards, including the 2024 myCPE award as a Top Educator and Content Creator. His presentations focus on practical applications and include discussions among participants, examples, and case studies.
As a public accounting practitioner his entire career, Kenn understands the challenges of preparing and auditing financial statements. He brings to his presentations a practical approach in handling complicated and difficult standards. In presenting them. He focuses on areas that practitioners will most likely encounter and how to navigate through detailed, and difficult to understand rules.
Kenn is currently a Director at Cullari Carrico, LLC, a regional CPA firm in metropolitan New York City.
Non-Member Price $225.00
Member Price $160.00