Surgent's Non-GAAP Financial Statement Options: Cash, Modified Cash, and Tax Basis

Available Anytime

Location: Online

4Credits

Accounting and Auditing

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FICPA Members

~~$79.00 Regular Price~~

Nonmembers

$109.00 Regular Price

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Product Code: SU24-CMT4-SSDL

Level: Basic

Vendor: Surgent

Field of Study: Accounting

Overview:

For many businesses, preparing financial statements using a special purpose framework may provide an alternative to the complexity of U.S. GAAP. This course will provide you with an overview and hands-on application on preparing financial statements using common special purpose frameworks such as tax basis and cash or modified cash basis financial statements. You will learn the unique measurement and disclosure requirements of various Special Purpose Framework (SPF) options using example financial statements and illustrative disclosures. The course also includes common practice issues encountered when preparing SPF financial statements, including disclosure and reporting requirements. We will also review recent updates to both audit and SSARS standards that impact engagements performed on SPF financial statements.

Objectives:

Review the limited authoritative and non-authoritative literature covering special purpose frameworks
Learn how to prepare SPF financial statements using the cash, modified cash, and tax basis of accounting
Be aware of SPF accounting and presentation issues
Review the disclosure requirements for SPF financial statements

Major Topics:

An introduction to special purpose frameworks
Authoritative and non-authoritative guidance used to prepare SPF financial statements
Common issues in preparing SPF financial statements
Cash basis and modified cash basis financial statements
Income tax basis financial statements
The AICPA’s special purpose framework – FRF for SMEs^TM

Designed For:

Practitioners and staff involved with the preparation of cash and tax basis financial statements

Prerequisite:

None

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.