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Financial Statement Disclosures for the Tax Practitioner (4091246E)

 
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How are your disclosures? Don't settle for anything less than optimal. Whether you only perform a few compilations or a review that requires financial statements disclosures or an OCBOA presentation, are you providing all the required disclosures? Are you providing more than necessary? Have you complied with all recent GAAP disclosure requirements? Review basic disclosure requirements, practical approaches and disclosure examples, including those from recent pronouncements, for nonpublic, profit-oriented entities.

Date:Friday, November 06, 2009
Time:8:30 AM - 4:30 PM (Registration at 7:30 AM)
Facility:Hilton Sacramento, Sacramento
Area:Sacramento Area
CPE Credit:8.0 Accounting & Auditing
8.0 CPE (Continuing Professional Education)
Instructor: Al Partington , CPA
Developer:A M Partington CPA Inc
NASBA Subject Area:Accounting
Delivery:Group Live
Course Level:Update
Fee:$315 CalCPA Members, $415 Nonmembers
Coupon Fee:$0
VP Fee:$0

Objectives:
  • Identify specific disclosure requirements for various accounts within each basic financial statement, distinguishing between those for GAAP and OCBOA presentations.
  • Determine other disclosure requirements necessary for special areas and situations.
  • Understand various presentation and disclosure requirements.
    •

    Major Topics:
  • Distinguishing between GAAP and OCBOA presentations, related disclosures and reporting considerations
  • Review various OCBOA presentations and considerations to determine the most appropriate presentation for a particular client situation
  • Differences between recognition and measurement issues when preparing tax-basis financial statements
  • Detail disclosures required for accounts within the balance sheet, statement of income and statement of cash flows for both GAAP and OCBOA
  • Disclosures for the summary of accounting policies, related parties transactions, going concern issues and the use of estimates
  • Special disclosures for income taxes, lease accounting, comprehensive income, pension liability, and risk and uncertainties
  • The effect of disclosures on the auditor and accountant's report, including various qualifications and modifications
    •

    Designed for:
    CPAs who primarily do taxes, but occasionally, prepare or report on financial statements with disclosures.

    Prerequisite:
    None

    Advanced Preparation:
    None


     
     
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