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Alternative accounting reporting methods can be more useful, relevant, consistent, and cost-effective for countless non-SEC registered businesses than other methods. This CPE course will help you 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).
In addition, this course is also a valuable tool in increasing your awareness of all the financial reporting options that are available to your clients. It 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 a special purpose financial reporting framework
Advanced Preparation: None