Explore compliance with the preparation, presentation, disclosure and reporting nuances of cash- and tax-basis financial statements. The AICPA FRF for SMEs will also be discusses. Practitioners that seek to use the Other Comprehensive Basis of Accounting (OCBOA) financial statement presentations as Generally Accepted Accounting Principles (GAAP) will increase complexity and the cost of compliance. Understanding the advantages and disadvantages of alternatives to GAAP financial statement presentations is key to make proper choices for clients. Also, a look at compliance in the preparation, presentation, disclosure and reporting nuances of cash- and tax-basis financial statements. The AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) will be discussed. This course meets the specific OCBOA requirements that CPAs are required to meet for reissuance of their license.
Income tax-basis financial statement presentations, Cash and modified-cash financial statement presentations, Innovative and EBITDA type reports, OCBOA engagements, AICPA Fianncial Reporting Framework for Small- and Medium-Sized Entities.
Accounting and financial professionals
Recognize professional standards applicable for OCBOA presentations. Determine differences in disclosure and financial statement presentations for OCBOAand GAAP. Identify compilation, review and audit reporting requirements. Recognize AICPA Financial Reporting Framework for Small- and Medium-Sized Entities.
Suzan Dennis, CPA, MSA, is the managing partner at Dennis & Dennis, LLP, teaches classes on forensic accounting and cost accounting at UCSD. She is an advisor on the Accounting Certificate Program. Ms. Dennis has also taught basic to advanced accounting courses at the National University and San Diego State University.
Non-Member Price $395.00
Member Price $295.00