FRF for SMEs - An Alternative to GAAP - Revenue, Intangibles, Leases

Authored by James L. Ulvog, CPA
About this Course
The Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) is an alternative to GAAP for small entities who desire a simpler financial reporting framework to present their financial statements. This course describes the general principles used to guide revenue recognition. It also describes the accounting for intangible assets and leases. Upon completion of this course, the user should be able to: Describe the criteria for recognizing an intangible asset, Define the research phase and development phase of developing and internally-generated intangible asset, Describe the recognition and measurement of intangible assets, Describe the amortization methodology for goodwill, Describe the general principles for revenue recognition, List the criteria for capitalizing leases, Describe the accounting for operating or capital leases.
$ 36.00
Course is unavailable for purchase.
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1.0
Prerequisites
FRF for SMEs – Alternative to GAAP – Introduction; FRF for SMEs - An Alternative to GAAP - Basic Financial Statements
Last Updated
04/01/2015
CCHL_ M_FRF-SME_RevIntangLease