As the complexity of GAAP drives preparers of financial statements to seek GAAP alternatives, many are finding tax-basis financial statements can meet their needs. This 2-hour program covers many of the matters to be considered when choosing the tax-basis for financial statement presentation.
Learning Objectives
• Recognize presentation and disclosure issues when preparing tax-basis financial statements
• Identify pros and cons of tax basis financial statements
Major Topics
• Tax basis financial statements presentation and disclosure
• Reporting on tax-basis financial statements
