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Are you and your clients aware of various financial reporting options that may be available to you or them? No matter if your answer is yes or no, you’ll want to learn and better understand how to prepare and report on financial statements, presented in accordance with a “special purpose framework” (SPF), (previously known as Other Comprehensive Basis of Accounting). Alternative accounting reporting methods can be more useful, relevant, consistent, and cost-effective for countless non-SEC registered businesses. This course discusses the cash basis, modified cash basis, income tax basis, and AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities and reviews differences between GAAP and SPFs.
When you complete this course, you will be able to:
Who Will Benefit?
Industry accountants and CPAs who are involved with financial statements presented in accordance with other comprehensive bases of accounting
Advanced Preparation: None