OasisLMS

Many entities prepare their financial statements using non-GAAP frameworks, such as tax and cash basis. Participants who attend this course will learn the unique reporting and disclosure requirements when preparing non-GAAP financial statements commonly referred to as special purpose frameworks (SPFs) or other comprehensive basis of accounting (OCBOA) financial statements. 

• Recognize the various types of special purpose frameworks
• Identify the key differences between GAAP and SPF financial statements
• Recall unique SPF reporting and disclosure requirements and avoid common errors
• Recognize the impact SPFs have on each engagement performed in accordance with American Institute of Certified Public Accountants'(AICPA) standards
• Identify peer review matters involving SPFs as described in the most recent AICPA's Peer Review Oversight Report

• OCBOA financial statements
• Cash and Modified Cash Basis
• Tax Basis
• Unique Reporting and Disclosure Requirements
• Frequent Peer Review Matters

Basic financial statement experience

External and internal auditors, practitioners, accountants in industry, educators, and those learners who want or need to understand financial statements prepared using a special purpose framework

ACPEN