Description
This course approaches financial statement preparation and review from a tax practitioner's perspective. Often tax motivated clients have different needs concerning financial statements. Topics in the program are:
Presenters - Howard Stephen Sibelman
Designed For
Designed For: Accounting and financial professionals who are involved with tax-exempt organizations and preparation of Forms 1023, 1023-EZ, 1024, 990, 990-EZ, and 990-N. and may also be suitable for public practice.
Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Director; Sole Practitioner
Objectives
- Identify differences between U.S. GAAP requirements and the tax return
- Recognize problems in performance and documenting of preparations, compilations, and reviews
- Apply accounting standards and appropriate disclosure
- Be able to compare and contrast tax returns and tax basis financial statements
- Know US GAAP versus tax differences and disclosure requirements
- Tax and other special purpose financial statement frameworks
- Reporting requirements for SSARS engagements
- Recent changes to GAAP that affect closely held businesses
- Frequently encountered reporting and performance issues by tax practitioners
Highlights
- SSARS review
- FASB Update
- SPF-measurement and reporting issues
- Preparation, compilation and review engagements
- Selected litigation issues and cases
Advanced Prep
None
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Leaders
CALCPE Panel
No Biography Available