OCBOA Case Studies 25-26
8.00 Credits
Member Price $329
Non-Member Price $439
Overview
Understanding the advantages and disadvantages of alternatives to Generally Accepted Accounting Principles (GAAP) financial statement presentations is vital to making proper client choices. For example, practitioners may seek to use the Other Comprehensive Basis of Accounting (OCBOA) financial statement presentations, as GAAP will increase complexity and the cost of compliance. Here, we’ll explore compliance with the preparation, presentation, disclosure and reporting nuances of cash- and tax-basis financial statements. We’ll also discuss the AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs). This course meets the specific OCBOA requirements that CPAs must meet for the re-issuance of their license.
Highlights
Income tax-basis financial statement presentations Cash and modified-cash financial statement presentations Innovative and EBITDA type reports OCBOA engagements AICPA Financial Reporting Framework for Small- and Medium-Sized EntitiesPrerequisites
None
Designed For
Accounting and financial professionals.
Objectives
Recognize professional standards applicable for OCBOA presentations Determine differences in disclosure and financial statement presentations for OCBOA and GAAP Identify compilation, review and audit reporting requirements Recognize AICPA Financial Reporting Framework for Small- and Medium-Sized EntitiesPreparation
None
Leader(s):
Leader Bios
Suzan Dennis
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. Web site: <A HREF=http://www.dennisanddennis.com“TARGET=“main”>http://www.dennisanddennis.com“
Non-Member Price $439
Member Price $329