Home
0
Home
Cart Empty | Login/Register  Login/Register
Search Courses List  >  Course Details
Use Landscape to see Search/Filter
Item Types:
Field of Study:
Authors:
CPE Hours:
Keyword:
Hide left panel Collapse Menu
Show left panel
Recent Searches
No recent searches found.
A~B
Similar Courses

Internal controls are required to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. This internal control course will describe the importance of internal controls and the purpose of the audit committee. This course will review the goals for internal controls and discuss the internal control framework used by most companies based in the United States. This course will describe the interrelated components of an effective internal accounting control system. This course will discuss the importance of identifying audit risk. Finally, this course will discuss the difference between control deficiency, significant deficiency, and material weakness.

Accounting Internal Controls (2 Hrs)

Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.

Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?

There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.

This online budgeting course starts by outlining the benefits and challenges of budgeting. Throughout this course, I'll provide tips and alternative budget systems that can mitigate these challenges and capture more benefits.

Next, you'll learn or revisit some foundational concepts for budgeting. I'll build on these to show the pros and cons of later budgeting tips, ideas, and alternatives.

The master budget is a collection of many sub-budgets. I'll show how these fit together to form an aligned plan to achieve a company's strategic goals. There's a method to the madness of when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.

The third section walks step-by-step through the budget formation process. The purpose and role of the budget can best be explained in the context of strategic planning. We'll explore which analyses can be done throughout the year to take pressure off the very busy budgeting season. Some lessons cover the nuts and bolts of budget reporting and budgeting tools.

I'll explore a series of budgeting alternatives in the final section of the course. We'll look at rolling forecasts, zero-based budgeting, activity-based budgeting, and many others. We'll also look at operating without a budget. Each alternative has pros and cons that I'll list.

Each lesson in this section gives an overview of the budget alternative to help you decide whether you want to pursue that alternative further. Even if you don't fully adopt these alternatives, you can find ideas to improve your budgeting process.

The online budgeting course concludes by revisiting budgeting process challenges and how the tips and alternatives presented in the course can address or mitigate those challenges.

The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times.  

Better Budgeting: Budgeting for Better Decisions (10 Hrs)

All business entities require information to operate efficiently and effectively. The accounting system is one of the most important systems for the organization’s decision makers. Accounting information systems collect and process data from transactions and events, organize them in useful reports, and communicate results to decision makers. Accounting Systems and Financial Statements is a course that will describe what information must be collected to properly report on a business. This course will describe the four major types of financial statements and define the standards that are used to create financial reports. This course will define the various elements for the four major financial statements. This course will review the framework for adjustments and describe the common adjustments that must be made at the end of each accounting period, so they are accurate.

Accounting Systems and Financial Statements (3 Hrs)

Every business has both current and long-term liabilities that must be tracked and recorded. Accounting for Current and Long-Term Liabilities is a course that discusses important characteristics of liabilities and how liabilities are classified and reported in financial statements. This course will identify how to distinguish between current and long-term liabilities. This course will identify what liabilities are classified as current liabilities and what liabilities are classified as long-term liabilities. This Accounting for Current and Long-Term Liabilities course will also provide examples of recording both.

Accounting for Current and Long-Term Liabilities (2 Hrs)

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.

This course is divided into four chapters. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor’s role in Enron’s collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability.  Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.

Fraud- Ensuring Integrity in Financial Reporting (6 Hrs)
A/B
Suggested Courses

Internal controls are required to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. This internal control course will describe the importance of internal controls and the purpose of the audit committee. This course will review the goals for internal controls and discuss the internal control framework used by most companies based in the United States. This course will describe the interrelated components of an effective internal accounting control system. This course will discuss the importance of identifying audit risk. Finally, this course will discuss the difference between control deficiency, significant deficiency, and material weakness.

Accounting Internal Controls (2 Hrs)

Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.

Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?

There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.

This online budgeting course starts by outlining the benefits and challenges of budgeting. Throughout this course, I'll provide tips and alternative budget systems that can mitigate these challenges and capture more benefits.

Next, you'll learn or revisit some foundational concepts for budgeting. I'll build on these to show the pros and cons of later budgeting tips, ideas, and alternatives.

The master budget is a collection of many sub-budgets. I'll show how these fit together to form an aligned plan to achieve a company's strategic goals. There's a method to the madness of when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.

The third section walks step-by-step through the budget formation process. The purpose and role of the budget can best be explained in the context of strategic planning. We'll explore which analyses can be done throughout the year to take pressure off the very busy budgeting season. Some lessons cover the nuts and bolts of budget reporting and budgeting tools.

I'll explore a series of budgeting alternatives in the final section of the course. We'll look at rolling forecasts, zero-based budgeting, activity-based budgeting, and many others. We'll also look at operating without a budget. Each alternative has pros and cons that I'll list.

Each lesson in this section gives an overview of the budget alternative to help you decide whether you want to pursue that alternative further. Even if you don't fully adopt these alternatives, you can find ideas to improve your budgeting process.

The online budgeting course concludes by revisiting budgeting process challenges and how the tips and alternatives presented in the course can address or mitigate those challenges.

The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times.  

Better Budgeting: Budgeting for Better Decisions (10 Hrs)

All business entities require information to operate efficiently and effectively. The accounting system is one of the most important systems for the organization’s decision makers. Accounting information systems collect and process data from transactions and events, organize them in useful reports, and communicate results to decision makers. Accounting Systems and Financial Statements is a course that will describe what information must be collected to properly report on a business. This course will describe the four major types of financial statements and define the standards that are used to create financial reports. This course will define the various elements for the four major financial statements. This course will review the framework for adjustments and describe the common adjustments that must be made at the end of each accounting period, so they are accurate.

Accounting Systems and Financial Statements (3 Hrs)

Every business has both current and long-term liabilities that must be tracked and recorded. Accounting for Current and Long-Term Liabilities is a course that discusses important characteristics of liabilities and how liabilities are classified and reported in financial statements. This course will identify how to distinguish between current and long-term liabilities. This course will identify what liabilities are classified as current liabilities and what liabilities are classified as long-term liabilities. This Accounting for Current and Long-Term Liabilities course will also provide examples of recording both.

Accounting for Current and Long-Term Liabilities (2 Hrs)

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.

This course is divided into four chapters. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor’s role in Enron’s collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability.  Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.

Fraud- Ensuring Integrity in Financial Reporting (6 Hrs)
Recent Searches
No recent searches found.
Similar Courses

Internal controls are required to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. This internal control course will describe the importance of internal controls and the purpose of the audit committee. This course will review the goals for internal controls and discuss the internal control framework used by most companies based in the United States. This course will describe the interrelated components of an effective internal accounting control system. This course will discuss the importance of identifying audit risk. Finally, this course will discuss the difference between control deficiency, significant deficiency, and material weakness.

Accounting Internal Controls (2 Hrs)

Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.

Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?

There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.

This online budgeting course starts by outlining the benefits and challenges of budgeting. Throughout this course, I'll provide tips and alternative budget systems that can mitigate these challenges and capture more benefits.

Next, you'll learn or revisit some foundational concepts for budgeting. I'll build on these to show the pros and cons of later budgeting tips, ideas, and alternatives.

The master budget is a collection of many sub-budgets. I'll show how these fit together to form an aligned plan to achieve a company's strategic goals. There's a method to the madness of when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.

The third section walks step-by-step through the budget formation process. The purpose and role of the budget can best be explained in the context of strategic planning. We'll explore which analyses can be done throughout the year to take pressure off the very busy budgeting season. Some lessons cover the nuts and bolts of budget reporting and budgeting tools.

I'll explore a series of budgeting alternatives in the final section of the course. We'll look at rolling forecasts, zero-based budgeting, activity-based budgeting, and many others. We'll also look at operating without a budget. Each alternative has pros and cons that I'll list.

Each lesson in this section gives an overview of the budget alternative to help you decide whether you want to pursue that alternative further. Even if you don't fully adopt these alternatives, you can find ideas to improve your budgeting process.

The online budgeting course concludes by revisiting budgeting process challenges and how the tips and alternatives presented in the course can address or mitigate those challenges.

The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times.  

Better Budgeting: Budgeting for Better Decisions (10 Hrs)

All business entities require information to operate efficiently and effectively. The accounting system is one of the most important systems for the organization’s decision makers. Accounting information systems collect and process data from transactions and events, organize them in useful reports, and communicate results to decision makers. Accounting Systems and Financial Statements is a course that will describe what information must be collected to properly report on a business. This course will describe the four major types of financial statements and define the standards that are used to create financial reports. This course will define the various elements for the four major financial statements. This course will review the framework for adjustments and describe the common adjustments that must be made at the end of each accounting period, so they are accurate.

Accounting Systems and Financial Statements (3 Hrs)

Every business has both current and long-term liabilities that must be tracked and recorded. Accounting for Current and Long-Term Liabilities is a course that discusses important characteristics of liabilities and how liabilities are classified and reported in financial statements. This course will identify how to distinguish between current and long-term liabilities. This course will identify what liabilities are classified as current liabilities and what liabilities are classified as long-term liabilities. This Accounting for Current and Long-Term Liabilities course will also provide examples of recording both.

Accounting for Current and Long-Term Liabilities (2 Hrs)

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.

This course is divided into four chapters. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor’s role in Enron’s collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability.  Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.

Fraud- Ensuring Integrity in Financial Reporting (6 Hrs)
Suggested Courses

Internal controls are required to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. This internal control course will describe the importance of internal controls and the purpose of the audit committee. This course will review the goals for internal controls and discuss the internal control framework used by most companies based in the United States. This course will describe the interrelated components of an effective internal accounting control system. This course will discuss the importance of identifying audit risk. Finally, this course will discuss the difference between control deficiency, significant deficiency, and material weakness.

Accounting Internal Controls (2 Hrs)

Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.

Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?

There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.

This online budgeting course starts by outlining the benefits and challenges of budgeting. Throughout this course, I'll provide tips and alternative budget systems that can mitigate these challenges and capture more benefits.

Next, you'll learn or revisit some foundational concepts for budgeting. I'll build on these to show the pros and cons of later budgeting tips, ideas, and alternatives.

The master budget is a collection of many sub-budgets. I'll show how these fit together to form an aligned plan to achieve a company's strategic goals. There's a method to the madness of when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.

The third section walks step-by-step through the budget formation process. The purpose and role of the budget can best be explained in the context of strategic planning. We'll explore which analyses can be done throughout the year to take pressure off the very busy budgeting season. Some lessons cover the nuts and bolts of budget reporting and budgeting tools.

I'll explore a series of budgeting alternatives in the final section of the course. We'll look at rolling forecasts, zero-based budgeting, activity-based budgeting, and many others. We'll also look at operating without a budget. Each alternative has pros and cons that I'll list.

Each lesson in this section gives an overview of the budget alternative to help you decide whether you want to pursue that alternative further. Even if you don't fully adopt these alternatives, you can find ideas to improve your budgeting process.

The online budgeting course concludes by revisiting budgeting process challenges and how the tips and alternatives presented in the course can address or mitigate those challenges.

The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times.  

Better Budgeting: Budgeting for Better Decisions (10 Hrs)

All business entities require information to operate efficiently and effectively. The accounting system is one of the most important systems for the organization’s decision makers. Accounting information systems collect and process data from transactions and events, organize them in useful reports, and communicate results to decision makers. Accounting Systems and Financial Statements is a course that will describe what information must be collected to properly report on a business. This course will describe the four major types of financial statements and define the standards that are used to create financial reports. This course will define the various elements for the four major financial statements. This course will review the framework for adjustments and describe the common adjustments that must be made at the end of each accounting period, so they are accurate.

Accounting Systems and Financial Statements (3 Hrs)

Every business has both current and long-term liabilities that must be tracked and recorded. Accounting for Current and Long-Term Liabilities is a course that discusses important characteristics of liabilities and how liabilities are classified and reported in financial statements. This course will identify how to distinguish between current and long-term liabilities. This course will identify what liabilities are classified as current liabilities and what liabilities are classified as long-term liabilities. This Accounting for Current and Long-Term Liabilities course will also provide examples of recording both.

Accounting for Current and Long-Term Liabilities (2 Hrs)

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.

This course is divided into four chapters. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor’s role in Enron’s collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability.  Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.

Fraud- Ensuring Integrity in Financial Reporting (6 Hrs)
Course Details

Tax-Basis Financial Statements and Other Special Purpose Frameworks - v14 (Course Id 2004)

Updated / QAS / Registry
  Add to Cart 
Author : Steven C Fustolo, CPA, MBA
Course Length : Pages: 153 ||| Word Count: 59,198 ||| Review Questions: 51 ||| Final Exam Questions: 50
CPE Credits : 10.0
IRS Credits : 0
Price : $89.95
Passing Score : 70%
Course Type: NASBA QAS - Text - NASBA Registry
Technical Designation: Technical
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2004
Description :

The objective of this course is to discuss the general rules and applications used in the preparation of and reporting on tax-basis financial statements and other bases of accounting found within the special purpose frameworks (also referred to as other comprehensive bases of accounting).  

Topics include an overview of the types of special purpose frameworks,  advantages and disadvantages of using tax-basis financial statements,  tax-basis accrual versus cash basis,  reviewing the key differences between GAAP and tax-basis revenue and expenses and other differences, tax-basis disclosures,  reporting options for tax-basis financial statements, unusual reporting and presentation issues related to tax-basis financial statements, an overview of other types of special purpose frameworks including pure cash basis,  modified cash basis, regulatory basis, contractual basis, and the other basis of accounting,  and more. 

The course also addresses the presentation and disclosures for the Employee Retention Credit (ERC), the Pass-Through Entity (PTE) tax, and leases.
Usage Rank : 18333
Release : 2024
Version : 1.0
Prerequisites : General understanding of U.S. GAAP, compilation and review and auditing standards, and federal income taxation.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Tax Accounting
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 02-May-2024
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - NASBA Registry - 2004
Keywords : Accounting and Auditing, Tax-Basis, Financial, Statements, Other, Special, Purpose, Frameworks, v13, cpe, cpa, online course
Learning Objectives :

Chapter 1
Overview

After reading the Chapter 1 course material, you will be able to:
  • Identify an accounting standard that exempts non-public entities from its application
  • Recall a disadvantage of the AICPA’s Financial Reporting Framework for SMEs

Chapter 2
Scope of Tax-Basis Financial Statements

After reading the Chapter 2 course material, you will be able to:
  • Recognize the type of criteria on which the other basis of accounting is based
  • Recall whether a one-member LLC is permitted to issue tax-basis financial statements

Chapter 3
Advantages and Disadvantages of Tax-Basis

After reading the Chapter 3 course material, you will be able to:
  • Identify the best use for tax-basis accrual financial statements
  • Recognize an example of a permanent difference
  • Recall an example of a GAAP disclosure that can be eliminated by using tax-basis financial statements
  • Identify a situation in which tax-basis financial statements might be misleading

Chapter 4
Key Differences Between Tax Basis and Gaap

After reading the Chapter 4 course material, you will be able to:
  • Recall ways in which nontaxable revenues and nondeductible expenses can be presented in tax-basis financial statements
  • Recognize which type of exchange of assets no longer qualifies for like-kind treatment in tax-basis financial statements
  • Recall how to account for the installment sales method under GAAP as compared with tax-basis financial statements.
  • Recognize how an entity accounts for a change in accounting method in the tax-basis of accounting
  • Identify how to account for certain transactions in tax-basis financial statements

Chapter 5
Financial Statement Formats

After reading the Chapter 5 course material, you will be able to:
  • Recognize whether supplementary information is part of the financial statements
  • Identify titles that are appropriate and not appropriate for tax-basis financial statements
  • Recall types of legends that might be included on pages of tax-basis financial statements
  • Recall how a statement of cash flows should be accounted for and presented in tax-basis financial statements
  • Recognize the rules for presenting a statement of comprehensive income in tax-basis financial statements

Chapter 6
Tax-Basis Disclosures

After reading the Chapter 6 course material, you will be able to:
  • Identify categories of disclosures that should be included in tax-basis financial statements
  • Recognize elements that are and are not relevant to tax-basis financial statements in preparing a summary of significant accounting policies
  • Recall how certain GAAP disclosures should be handled in tax-basis financial statements
  • Recall how to account for the pass-through entity (PTE) tax under tax-basis financial statements

Chapter 7
Tax-Basis Reports

After reading the Chapter 7 course material, you will be able to:
  • Recognize the reporting requirement for preparation and compilation of tax-basis financial statements engagements under SSARS No. 21
  • Recall the appropriate title for a review report on tax-basis financial statements
  • Identify certain language that should be included in an audit report on tax-basis financial statements

Chapter 8
Converting to Tax-Basis Financial Statements

After reading the Chapter 8 course material, you will be able to:
  • Identify the reporting option when an entity changes from GAAP to tax-basis financial statements

Chapter 9
Chapter 9 - Unsusual Practice Issues - Tax-Basis Financial Statements

After reading the Chapter 9 course material, you will be able to:
  • Recognize how an accountant should report on a grantor trust or one-member LLC’s tax-basis financial statements
  • Identify the disclosures that are required if an accountant issues a report on a tax return
  • Recall the rules to issue a compilation report on a tax return

Chapter 10
Other Special Purpose Frameworks

After reading the Chapter 10 course material, you will be able to:
  • Identify disclosures that are and are not relevant to cash-basis financial statements
  • Recognize an element that is included in a summary of significant accounting policies for the modified cash basis
  • Identify other types of special purpose frameworks other than tax basis
Course Contents :

Chapter 1 -  Overview

I.    Introduction

II.   Overview

III.  Using Tax-Basis Financial Statements for Engagement Profitability

Review Questions

Chapter 2 - Scope of Tax-Basis Financial Statements

I.    General

II.   New Definition of Special Purpose Framework and Tax-Basis Financial Statements

III.  Definition of Tax-Basis of Accounting

Review Questions

Chapter 3 - Advantages and Disadvantages of Tax-Basis

I.    Choosing Between Tax-Basis Accrual and Cash-Basis Financial Statements

II.   When to Use Tax-Basis Financial Statements

III.  When Not to Use Tax-Basis Financial Statements

IV.  The Move Toward the Tax-Basis Review Engagement

Review Questions

Chapter 4 - Key Differences Between Tax Basis and Gaap

I.     General Differences- GAAP v. Tax-Basis

II.    Deferred M-1 Items (Timing Differences)

III.   Permanent Differences

IV.   Specific Differences- GAAP vs. Tax

V.    Revenue – GAAP vs. Tax Gross Income- IRC 61

VI.   Expense Differences- GAAP and Tax Basis

VII.  Accounting Changes- Tax-Basis Financial Statements

VIII. Deferred Income Taxes Eliminated in Tax-Basis Financial Statements

IX. Materiality Differences between GAAP and the IRC

Review Questions

Chapter 5 - Financial Statement Formats

I.    General

II.   Tax-Basis Financial Statements

III.  Rules for Presenting Tax-Basis Financial Statements

IV.  Sample Financial Statements- Tax Basis

Review Questions

Chapter 6 - Tax-Basis Disclosures

I.    Overview

II.   The Four Disclosures Required for Tax-Basis Financial Statements

III.  Tax-Basis Disclosure Q&A

Review Questions

Chapter 7 - Tax-Basis Reports

I.    General

II.   Preparation of Financial Statements Engagement- Tax Basis

III.  Compilation Engagement Report- Tax Basis

IV.  Review Engagement Report- Tax Basis

V.   Audit Engagement Report- Tax Basis

Review Questions

Chapter 8 - Converting to Tax-Basis Financial Statements

I.    Converting to Tax-Basis Financial Statements

Review Questions

Chapter 9 - Unsusual Practice Issues - Tax-Basis Financial Statements

I.    Tax-Basis Review Report with a Tax-Basis Departure

II.   Using the Tax Basis Based on a Method That Differs from the Income Tax Return

III.  Accounting for Carryovers in Tax-Basis Financial Statements

IV.  Presentation of Tax-Basis Financial Statements- Disregarded Entities

V.   Presenting Insolvency in Tax-Basis Financial Statements

VI.  Involuntary Conversions and Tax Basis

VII. Reporting on a Tax Return

Review Questions

Chapter 10 -  Other Special Purpose Frameworks

I.     General

II.    Cash-Basis of Accounting

III.   Preparation Engagement Report- Modified Cash Basis

IV.   Compilation Engagement Report- Modified Cash Basis

V.    Regulatory Basis and Contractual Basis

VI.   Other Basis of Accounting

Review Questions

Glossary
Click to go to: Accounting CPE Courses | Online Accounting Courses for CPAs
Thank you for taking one of our free courses. We would like to be able to let you know when we add free courses or have special offers and will never spam you or share your address with anyone. If you are Ok with that please reply with "Ok" or if not please reply "No Thanks". Either way enjoy your free CPE course.
  
Exam completed on .

Do you want to add the course again?
  
     
Our IRS Approved Continuing Education Provider number is 1SXC8 NASBA QAS Self-Study sponsor Id is 108299 Customer Reviews 5 Star Excellence award from Shopper Approved for collecting at least 100 5 star reviews Click to verify BBB accreditation and to see a BBB report. View TrustedSite Certification
Amanda W. from MD bought 1 subscription 6 hours ago.  |||  New User Discount - Click Here ||| Jonathan S. from AL bought 4 courses 6 hours ago.  |||  New User Discount - Click Here ||| Pui yee C. from CA bought 1 course 7 hours ago.  |||  New User Discount - Click Here ||| MARY J. from IL bought 1 course 9 hours ago.  |||  New User Discount - Click Here ||| N G. from AZ bought 1 course 10 hours ago.  |||  New User Discount - Click Here ||| Hongchao Z. from CA bought 1 subscription 11 hours ago.  |||  New User Discount - Click Here ||| Anna L. from NC bought 2 courses 11 hours ago.  |||  New User Discount - Click Here ||| Rebecca W. from MD bought 2 courses 12 hours ago.  |||  New User Discount - Click Here ||| ALISA E. from WA bought 1 course 13 hours ago.  |||  New User Discount - Click Here ||| Cherie M. from LA bought 1 course 13 hours ago.  |||  New User Discount - Click Here ||| 
Remove Marquee
Copyright © 2024 Cpethink.com

Privacy | Refunds | Terms | Blog | Site Map | Contact Us | FAQs | Login | NASBA Id 108299 | IRS Id 1SXC8 | Cage Code 874S4