Description

This session offers insight for tax practitioners beyond merely checking a box to satisfy accounting and auditing requirements for license renewal. We devote significant attention to extracting utility from financial statements to support decision needs of both external financial statement users and internal stakeholders. We explore best practices for cross-functional support within firms that perform tax, accounting solutions, financial statement, and consulting services. We also highlight similarities and differences between U.S. GAAP and tax-basis accounting.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Dr. Christopher J. Harper, CPA, MBA

Target Audience

CPAs in public practice or members in industry.

Course Objectives

After attending this presentation, you will be able to...Recall fundamental concepts regarding external financial reportingIdentify potential financial reporting frameworksRecognize major differences and similarities among United States GAAP, tax-basis accounting, and other special-purpose frameworks

Subjects

The major topics that will be covered in this course include:The role of financial reporting for a myriad of usersFundamentals conceptsSpecial Purpose FrameworksFinancial statement analysisCross-functional collaboration

Prerequisites

Basic working knowledge of financial statements.