Personal Financial Statements

Course Details


Wednesday, February 13, 2019

4:30am – 12:00pm
(Registration: 4:00am)

Field of Study


Course Number


CPE Credit

8.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation




Personal financial planning nicely complements the traditional tax and accounting services that many CPAs provide to clients. Explore the benefits of helping clients with their personal financial planning needs.

Subjects covered will include using statements for clients, their creditors and other advisers. Become a valuable resource to clients by guiding them through the maze of available financial opportunities and helping them understand the tax consequences of their choices.

Materials are provided as an ebook.


  • GAAP for personal financial statements (SOP No. 82-1).
  • AICPA guide to compiling and reviewing personal financial statements.
  • Checklists for preparing and analyzing personal financial statements.
  • Application of SSARS No.1 to personal financial statement engagements.
  • Personal financial statements included on prescribed forms (SSARS No. 3).
  • Reporting on financial statements included in written personal financial plans (SSARS No. 6).
  • Using personal financial statements in financial planning and retirement planning.


  • Identify the usefulness of personal financial statements for clients, creditors and other advisers.
  • Determine how to uncover the fair market value of a client's assets and liabilities.
  • Identify reporting responsibilities.

Designed For

CPAs and finance professionals.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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