Tired of the increasing complexity of GAAP? You are not alone! At an ever increasing rate, practitioners are moving their clients from traditional GAAP financial statements to Other Comprehensive Basis of Accounting (OCBOA). This course will provide you with the necessary background for you to gain the comfort needed to be in compliance with all applicable guidance related to the preparation and presentation nuances of OCBOA financial statements.
Upon successful completion of this course, participants will be able to:
- Understand the preparation, presentation, and disclosure requirements of OCBOA presentations
- Identify the characteristics of the cash, modified cash, income tax basis, financial reporting framework for small- and medium-sized entities (FRF for SMEs™)
- Cite the differences between GAAP and the various OCBOA presentations
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