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22WC-1021: OCBOA Case Studies (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Wednesday, December 21, 2022
Time 10:00am - 5:30pm
Central Time
Location Online
CPE credits CPE 8.0
Field(s)
of study
Accounting - Technical (8.0)
Fees
Standard Member Fee $289.00
Standard Nonmember Fee $389.00

Description

Understanding the advantages and disadvantages of alternatives to Generally Accepted Accounting Principles (GAAP) financial statement presentations is vital to making proper choices for clients. 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.

Who should take this program?

Accounting and financial professionals.

Major subjects

  • 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 Entities

Learning objective(s)

  • Recognize professional standards applicable for OCBOA presentations.
  • Determine differences in disclosure and financial statement presentations for OCBOAand GAAP.
  • Identify compilation, review and audit reporting requirements.
  • Recognize AICPA Financial Reporting Framework for Small- and Medium-Sized Entities.

Notes:

Course code Code 22WC-1021
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Overview
Format Group Internet Based
Prerequisites Prereq.  None.
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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