An introduction to special purpose frameworks Authoritative and non-authoritative guidance used to prepare SPF financial statements Common issues in preparing SPF financial statements Cash basis and modified cash basis financial statements Income tax basis financial statements The AICPA’s special purpose framework – FRF for SMEsTM
Learning Objectives
Review the limited authoritative and non-authoritative literature covering special purpose frameworks Learn how to prepare SPF financial statements using the cash, modified cash, and tax basis of accounting Be aware of SPF accounting and presentation issues Review the disclosure requirements for SPF financial statements
Major Topics
An introduction to special purpose frameworks Authoritative and non-authoritative guidance used to prepare SPF financial statements Common issues in preparing SPF financial statements Cash basis and modified cash basis financial statements Income tax basis financial statements The AICPA’s special purpose framework – FRF for SMEsTM