Special Purpose Frameworks: Preparing and Reporting on Cash, Modified Cash and Tax (CMCT16)
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When: 11/01/2016
8:30 AM until 4:30 PM
Where: Crowne Plaza Hotel & Resorts
4728 Constitution Ave
Baton Rouge, Louisiana 
United States
Presenter: Gregory M. Clark

Online registration is closed.
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Acronym CMCT16
CPE 8 hours
Vendor Surgent McCoy CPE
Accounting & Auditing
Level Basic
Prerequisite None
Adv Prep None
Who should attend

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

Registration Early Bird
(through 10/17)
(after 10/17)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.


For many businesses, preparing financial statements using a special purpose framework (SPF) may provide an alternative to the complexity of U.S. GAAP. This course will provide you with a comprehensive review and hands-on application for preparing and reporting on financial statements using a special purpose framework.

You will learn the unique measurement and disclosure requirements of various SPF options, using example financial statements and illustrative disclosures. You will be introduced to the AICPA’s new SPF for small and medium-sized entities: FRF for SMEsTM. The course will also guide you through SPF engagements from acceptance and planning to reporting, highlighting common practice issues.


  • Review the limited authoritative and non-authoritative literature covering special purpose frameworks
  • Learn how to prepare and report on 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 for SPF financial statements
  • Understand SPF reporting requirements
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material


  • 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 new special purpose framework – FRF for SMEsTM
  • Accepting and planning SPF financial statement engagements
  • Common SPF peer review deficiencies seen in practice