Self-Study

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

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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.

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 special purpose framework -- FRF for SMEs

Learning objectives

• Review the limited authoritative and non-authoritative literature coveringspecial 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 forSPF financial statements

Who should take this program?

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

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.