Tax Practitioner's Guide to Accounting and Reporting Issues 2024

Overview

This course approaches financial statement preparation and review from a tax practitioner’s perspective. Often tax motivated clients have different needs concerning financial statements. Topics in the program are:

Highlights

• SSARS review
• FASB Update
• SPF-measurement and reporting issues
• Preparation, compilation and review engagements
• Selected litigation issues and cases

Prerequisites

None

Designed For

Accounting and financial professionals who are involved with tax-exempt organizations and preparation of Forms 1023, 1023-EZ, 1024, 990, 990-EZ, and 990-N. and may also be suitable for public practice.

Objectives

• Identify differences between U.S. GAAP requirements and the tax return
• Recognize problems in performance and documenting of preparations, compilations, and reviews
• Apply accounting standards and appropriate disclosure
• Be able to compare and contrast tax returns and tax basis financial statements
• Know US 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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.