The course approaches financial statement preparation and review from the perspective of a tax practitioner. Often tax motivated clients have different needs with regard to financial statements. With this program you will be able to compare and contrast tax returns and tax basis financial statements and know U.S. GAAP versus tax differences and disclosure requirements. Learn about recent changes to GAAP that affect closely held businesses and reporting requirements for SSARS engagements. In this course, you will discuss tax and other special purpose financial statement frameworks and frequently encountered reporting and performance issues by tax practitioners.
DESIGNED FOR
Tax practitioners who are associated with compiled or reviewed GAAP and tax basis financial statements
BENEFITS
- Identify differences between U.S. GAAP requirements and the tax return.
- Recognize problems in performance and documenting of compilations and reviews.
- Apply accounting standard and appropriate disclosure.
HIGHLIGHTS
- SSARS review
- FASB Update
- SPF — measurement and reporting issues
- Preparation, compilation and review engagements
- Selected litigation issues and cases
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None