Virtual
Private Company Simplified GAAP Alternatives 26-27
Date: July 23, 2026
Time: 11 a.m. – 12:48 p.m. PT
CPE: 2
Overview
The FASB formed the Private Company Council to provide certain alternatives in U.S. GAAP that are only available to nonpublic business entities, with limited exceptions for certain nonprofits. This course will provide insight into when adopting the accounting and financial reporting alternatives would be to the advantage of private companies.
Product Code
1000005302-145445
Credit Type
CPE: 2CPE-Non-Technical: 2Intended Audience
Public and industry accountants responsible for monitoring fair presentation of financial statements
NASBA Field of Study
Accounting
Level of Difficulty
Intermediate
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- Guidance, related to "plain vanilla" interest rate swaps that convert variable into fixed rate debt and other derivatives
- Guidance related to amortization and impairment of goodwill
- Guidance related to separately recognizing intangible assets from goodwill in a business combination
- Guidance related to lease accounting and revenue recognition options
Other Dates
Additional Details
This prerecorded broadcast is provided through our partnership with ACPEN. You'll be redirected to a CalCPA/ACPEN portal for this course. The Instructor will be available via the chat feature.