by Fmeaddons

Preparing Financial Statements Under Special Purpose Frameworks (GALT)

$65

Preparing Financial Statements Under Special Purpose Frameworks (GALT) is a CPE course that provides 4 accounting credits for CPAs and practitioners.

SKU: GALT Category:

Description

This 4-credit course introduces special purpose frameworks (SPFs), which may be useful for businesses seeking an alternative to U.S. GAAP.

Major Topics

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

Learning Objectives

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

Designed For

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

Prerequisites

None

Advance Preparation

None

Additional information

Course Acronym

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Qualifies For

State Board Accreditation

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