Tax Practitioner's Guide to Accounting and Reporting Issues

Description

This 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. Topics in the program are:

• Be able to compare and contrast tax returns and tax basis financial statements
• Know U.S. 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

Objectives

Participants will be able to:

• Identify differences between U.S. GAAP requirements and the tax return
• Recognize problems in performance and documenting of preparations, compilations, and reviews
• Apply accounting standard and appropriate disclosure

Designed For

Tax practitioners who are associated with prepared, compiled, or reviewed U.S. GAAP and/or tax basis financial statements.