PPC's Guide to the Financial Reporting Framework for Small and Medium-sized Entities

PPC - Guide to the Financial Reporting Framework for Small and Medium-sized Entities - CKPT

PPC’s Guide to the Financial Reporting Framework for Small- and Medium-Sized Entities is a manual to provide detailed guidance on preparing financial statements based on the FRF for SMEs. Its guidance has been tailored to the local CPA and others who prepare financial statements for small and midsized nonpublic companies. Staff accountants, nontechnical partners, and accountants in industry can skillfully prepare financial statements in accordance with the FRF for SMEs with minimal supervision. When adopted by a firm, PPC’s Guide to the Financial Reporting Framework for Small- and Medium-Sized Entities also can provide consistency in technical quality, presentations, and disclosures of financial statements prepared based on the FRF for SMEs. In addition, the Guide provides illustrations and other tools to assist in converting GAAP-basis financial statements to the FRF for SMEs, and to help accountants explain the FRF for SMEs to clients and financial statement users.