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Sessions | Instructor | Event Registration |

Event Information

Webcast: Non-GAAP Financial Statement Options: Cash, Modified Cash and Tax Basis (8-11:30) | 4204395B
Date: July 21, 2020
Event Start time: 8:00 AM   End time: 11:30 AM
Location: Webcast

Facility: Webcast Event

 


Member:       $149
Nonmember: $199

CPE Credits:

4.00 CPE: Continuing Professional Education Technical


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 for preparing financial statements using a Special Purpose Framework (SPF). You will learn the unique measurement and disclosure requirements of various SPF options using example financial statements and illustrative disclosures. The course also includes common practice issues encountered when preparing SPF financial statements, as well as an introduction to the AICPA’s new SPF for small and medium-sized entities, FRF for SMEsTM. We will also review recent updates to the standards for accounting and review services 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 Subjects:
  • 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 new special purpose framework – FRF for SMEsTM.

Level of Difficulty:
Basic

Field of Interest:
Taxes

Prerequisites:
None.

Designed For:
Practitioners and staff involved with the preparation of cash and tax basis financial statements.

Advanced Prep:
None

Event Notes:
None