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SSARS Update and Best Practices: Reporting and Disclosure Alternatives With GAAP and OCBOA Financial Statements (4091568E)

 
REGISTRATION STATUS: Online Registration for this event is closed. Please contact your Program Associate or Customer Services.

Public practitioners and financial professionals who prepare and report on financial statements for small business will benefit from this update on non-GAAP reporting alternatives. In this course, you will gain a thorough understanding of differences between GAAP, cash, modified cash, tax and accrual accounting methods as well as the effects of OCBOA on audit, review and compilation procedures.

This course identifies when OCBOA statements are appropriate and emphasizes how OCBOA differs from GAAP. Plus, you'll review OCBOA financial statement titles; captions and note disclosures; preparation of cash, modified cash or tax-basis financial statements; and audit, review or compilation OCBOA statements.

Date:Wednesday, November 04, 2009
Time:8:30 AM - 4:30 PM (Registration at 7:30 AM)
Facility:Embassy Suites San Luis Obispo, San Luis Obispo
Area:San Luis Obispo CE
CPE Credit:8.0 Accounting & Auditing
8.0 CPE (Continuing Professional Education)
Instructor: Dr. David Senteney Ph.D., CPA
NASBA Subject Area:Accounting
Delivery:Group Live
Course Level:Beginning
Fee:$315 CalCPA Members, $415 Nonmembers
Coupon Fee:$0
VP Fee:$0

Objectives:
  • Gain insight into issues related to preparation and presentation of OCBOA financial statements.
  • Explore issues associated with alternatives to GAAP standards which provide cost effective, professional financial statement presentation.
  • Illustrate practices involved in preparation of cash or modified cash and tax basis financial statements.
    •

    Major Topics:
  • Impact of GAAP standards overload on practitioners and clients
  • Basis for reporting alternatives--SAS No. 62
  • OCBOA: Cash, modified cash and tax basis reporting
  • When is financial statement presentation OCBOA or a GAAP departure
  • Differences between cash and modified cash basis accounting
  • Which GAAP disclosures apply and which may be omitted
    •

    Designed for:

    Public practitioners, controllers and other financial professionals who work with small businesses.

    Prerequisite:
    None

    Advanced Preparation:
    None


     
     
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