Has it been a while since you looked at the Financial Reporting Framework for Small and Medium-Sized Entities as an option for your privately-held clients? With accounting standards changes and income tax changes, there’s a lot going on right now and the changes can be pretty complex. Use the Comparisons of the FRF for SMEs Reporting Framework to Other Bases of Accounting resource along with other tools in the FRF for SME toolkit to learn more about the opportunities to introduce clients to a non-GAAP method of presenting useful, relevant financial statement information.
This Comparison of FRF for SMEs to Other Bases of Accounting tool is an example of the turnkey practice management tools and resources PCPS delivers. PCPS is an add-on firm membership section within the AICPA. A PCPS firm membership at only $35 per CPA, up to a max of $700 per firm, is a great investment for a broad range of practice management resources. Find out if you are already a PCPS member or take a quick tour to learn more.
This tool will be available until Friday, May 11. The free PCPS tool for May will be posted on or around May 1.