Cash and Tax Basis Financial Statements – Alternatives to GAAP & Reporting Requirements (111216-12)
Description
When there is a request to produce modified tax basis statements with
disclosures omitted, are you confident your staff know what to do* They
will after taking this course, which explains OCBOA statements as well
as how the basis of accounting affects compilation, review and audit
procedures and accountant or auditor reports.
Learning Objectives
Identify
the steps necessary to properly perform audit, review or compilation
engagements in order to prepare cash, modified cash or tax basis
financial statements
Major Topics
Evaluate which of the four types of OCBOA is appropriate for the
engagement
How the tax accrual basis differs from the GAAP standards
on revenue, expense, inventory, depreciation, accounting changes and
standards for Oaggressive accounting positionsO
What practitioners are
doing with the cash and modified cash methods
How OCBOA should affect
the audit, review or compilation engagement work program
