Preparing Tax-Basis Financial Statements: A Private Company GAAP Alternative

The most frequent application of OCBOA is to prepare tax-basis financial statements for various entities. This course is a great way to brush up on the current standards and identify key issues in preparing and reporting on tax-basis financial statements. Controllers as well as audit and tax staff who prepare taxbasis financials will benefit.

Highlights include: coverage of tax-basis versus GAAP accounting; financial statement presentation and disclosure issues; and solutions to challenges faced by sole proprietors, S Corps, partnerships, and other taxable entities.

Objectives:

Identify the requirements to produce tax-basis financial statements in conformity with all applicable current professional standards