Webcast: Other Comprehensive Basis of Accounting Fundamentals (XCCBOA17)
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Many practitioners are turning to Other Comprehensive Basis of Accounting (OCBOA) financial statement presentations as the complexity of Generally Accepted Accounting Principles (GAAP) increases. Before making this change, it is important for practitioners to understand the advantages and disadvantages of alternatives to GAAP financial statement presentations. Gain a working knowledge of the tools necessary to properly comply with the preparation, presentation, disclosure and reporting nuances o

 Export to Your Calendar 10/20/2017
When: 10/20/2017
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4172308E
United States
Presenter: Thomas E. Noce, CPA, CFE


Online registration is available until: 10/18/2017
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Acronym XCCBOA17
CPE 8 hours
Vendor CalCPA
Category
Accounting & Auditing
Level Overview
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Practitioners at all levels who are involved with the preparation of cash- and tax-basis financial statements.
Registration
Member $245
CPA Non-Member $375

The Member rate applies to LCPA members, other 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.

Course Description

Many practitioners are turning to Other Comprehensive Basis of Accounting (OCBOA) financial statement presentations as the complexity of Generally Accepted Accounting Principles (GAAP) increases. Before making this change, it is important for practitioners to understand the advantages and disadvantages of alternatives to GAAP financial statement presentations. Gain a working knowledge of the tools necessary to properly comply with the preparation, presentation, disclosure and reporting nuances of cash- and tax-basis financial statements. Additionally, key components of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) will be discussed.

This course meets the specific OCBOA requirements that CPAs are required to meet for reissuance of their license.

Objectives

  • Recognize professional standards applicable to OCBOA presentations.
  • Identify different disclosure requirements for preparing OCBOA and GAAP presentations.
  • Determine differences in the performance of OCBOA and GAAP engagements.
  • Identify key differences in various examples of financial statement presentations.
  • Recognize compilation, review and audit reporting requirements.
  • Outline key components of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs).

Major Topics

  • OCBOA presentations: What and when?
  • Income tax-basis financial statement presentations.
  • Cash and modified-cash financial statement presentations.
  • OCBOA engagements.
  • Reporting on cash and tax-basis financial statements.
  • AICPA Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs).