GAAP has become too complex for many small and private entities. As an alternative, many entities have adopted special purpose frameworks (formerly call OCBOA). This program guides entities through the acceptable methods of non-GAAP financial statements, the advantages and disadvantages of each, and presentation of the statements and disclosures.
This course features a live instructor and has been specifically designed for the NJCPA.
DESIGNED FOR
CPAs in public and private practice
BENEFITS
- Understand when there is a need for special purpose frameworks (SPFs)
- Learn how to properly present and disclose such frameworks
- Understand the relationship between SSARS responsibilities and the financial statement framework
HIGHLIGHTS
Emphasis is placed on the following frameworks:
- Tax Basis
- Cash and modified cash
- Contractual
- Regulatory
- Financial Reporting Framework for Small and Medium sized Entities (FRF for SMEs)
PREREQUISITES
None
ADVANCE PREPARATION
None