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Loscalzo’s Special Purpose Frameworks & Other Alternatives to GAAP (Formerly OCBOA)
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| Date |
June 25, 2013
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| Location | Embassy Suites Conf. Ctr., LaVista, NE |
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| Course Time |
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8:30 AM to 4:30 PM |
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| Registration Begins |
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8:00 AM |
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Find some “relief” from GAAP standards that are costly to implement and incomprehensible to financial statement users. This program will: Explore alternatives that permit professional presentations that don’t cut corners but are cost efficient; Illustrate exactly what is necessary when preparing tax, cash or modified cash basis financial statements; Provide hard to find report, presentations and disclosure examples; and Address the SSARS 19 provisions as they relate to special purpose frameworks.
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| Course Highlights & Objectives |
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Participants will be able to: Address the issues unique to special purpose frameworks presentations; Determine when special purpose frameworks or special presentations are appropriate; Distinguish between circumstances when special purpose frameworks or GAAP departures are the most appropriate; Prepare financial statements on an other comprehensive basis of accounting; and Prepare special purpose presentations.
When is a presentation a special purpose frameworks or a GAAP departure? Differences between cash and modified cash. Common book vs. tax differences. Tax basis financials – what to do with non-taxable and non-deductible items. GAAP disclosures - which apply and which can be omitted. Statement of cash flows - how to treat in a special purpose frameworks presentation. Using special purpose presentations. Reporting considerations. Using GAAP departures. Common special purpose frameworks deficiencies. |
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| Who Should Attend |
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| Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public, financial statements where special purpose frameworks or special purpose presentations can be beneficial. |
| Course Level | Basic |
| Prerequisites | None |
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| Discussion Leader | Jack Ellovich, Loscalzo Associates, Ltd. |
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| Additional Information: |
Parking and lunch are provided on-site. |
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| Fee |
$250 - Society Member
$280 - Society Nonmember |
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