GAAP has become too complex for many small and private entities. As an alternative, many entities have adopted special purpose framwords (formerly called OCBOA). This program guides entities through the acceptable methods of non-GAAP financial statements, the advanages and disadvanages of each, and presentation of the statements and disclosures.
DESIGNED FOR
CPAs in public and private practice
BENEFITS
- To understand when there is a need for special purpose frameworks (SPFs)
- To Learn how to proverly present and disclose such frameworks
HIGHLIGHTS
- Tax basis
- Cash and modified cash
- Contractual
- Regulatory
- Financial Reporting Framework for Small and Medium sized Entities (FRF for SMEs)
- Red-flags in fraud
PREREQUISITES
None
ADVANCE PREPARATION
None