Cash - and Tax-Basis Financial Statements - Preparation and Reporting

When there is a request for the compilation of modified tax-basis financial statements, are you confident that you will know what to do? Both public practitioners and controllers will benefit from this course. Upon completion, you will have a thorough understanding of the differences between GAAP and the tax, accrual, and modified cash accounting methods. You will also be aware of the effects of OCBOA on audit, review, and compilation procedures.

Highlights include how the tax, accrual, and modified cash bases of accounting differ from GAAP standards; OCBOA financial statement titles, captions and note disclosures; peer review deficiencies; and numerous case studies.

Objectives: 

• Identify the steps to prepare cash, modified cash, or tax-basis financial statements
• Identify the steps to audit, review, or compile OCBOA statements

Prerequisite:  None

Advanced Preparation: None