Memphis Account Fest: Non-GAAP Financial Statement Options - Cash, Modified Cash and Tax Basis

413  |  Course  |  Basic  |  Scheduled

Description

For many businesses, preparing financial statements using a special purpose framework may provide an alternative to the complexity of U.S. GAAP. This course will provide you with an overview and hands-on application on preparing financial statements using common special purpose frameworks such as tax basis and cash or modified cash basis financial statements. You will learn the unique measurement and disclosure requirements of various special purpose framework (SPF) options using example financial statements and illustrative disclosures. The course also includes common practice issues encountered when preparing SPF financial statements, including disclosure and reporting requirements. We will also review recent updates to both audit and SSARS standards that impact engagements performed on SPF financial statements.

Credits

Number of Credits Type of Credits
4.00 Accounting

Designed For

Practitioners and staff involved with the preparation of cash and tax basis financial statements

Highlights

  • An introduction to special purpose frameworks
  • Authoritative and non-authoritative guidance used to prepare SPF financial statements
  • Common issues in preparing SPF financial statements
  • Cash basis and modified cash basis financial statements
  • Income tax basis financial statements
  • The AICPA's special purpose framework - FRF for SMEs

Objectives

  • Review the limited authoritative and non-authoritative literature covering special purpose frameworks
  • Learn how to prepare SPF financial statements using the cash, modified cash and tax basis of accounting
  • Be aware of SPF accounting and presentation issues
  • Review the disclosure requirements for SPF financial statements

Prices

Member (Early Bird)
$179.00
Non-Member (Early Bird)
$229.00
Member
$229.00
Non-Member
$279.00
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Your Price: $229.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. Early Bird rates will be applied to all registrations made prior to November 27, 2024.

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Instructors

Kerry E. Roberts, CPA

Kerry E. Roberts, CPA is a frequent public speaker and presenter. In addition to presenting for Surgent, Kerry chairs the Tennessee Senate Committee for Government Operations, which oversees 260 governmental agencies in the state of Tennessee.

Prior to working with the Tennessee General Assembly, Kerry was a business owner and CEO for 25 years. His background includes being president and chairman of a national business association, partner in a CPA firm, audit staff for a "Big 8" accounting firm, and adjunct accounting faculty for Lipscomb University.

Kerry was elected to the Tennessee State Senate in 2014 representing Cheatham, Dickson, Hickman, Humphreys, a portion of Montgomery and Robertson counties.

Kerry is a 1983 graduate of Lipscomb University (accounting major). Married since 1987, Kerry and his wife are the parents of three kids and live in Springfield, Tennessee. His hobbies include cycling, a vintage motorcycle, two antique Triumph convertibles, and tending to a 155-year-old home.

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