Tax Practitioner's Guide to Accounting and Reporting Issues 2024
8.00 Credits
Member Price $299
Non-Member Price $399
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
Leader(s):
Leader Bios
Howard Sibelman, CalCPA Education Foundation
Howard Sibelman has extensive accounting, auditing and consulting experience with middle-market companies, and he has served clients in the manufacturing, distribution, entertainment, hospitality, and real estate industries. An integral part of Howard’s professional background is his role as an educator. He was the director of continuing education for a national accounting firm, was an instructor at the University of Southern California, was on the faculty of two of the nation’s largest certified public accounting review courses, and has facilitated numerous firm and CPA Society education programs. Howard was previously a business assurance partner at Moss Adams LLP, the 11th-largest accounting and consulting firm in the US. He was a member of the firm’s international services group and the IFRS core training group, and served as the quality control coordinator for the firm’s Los Angeles office. He was recently selected by the California Society of CPAs to be the vice-chairman (chairman elect) of the state’s accounting principles and auditing standards committee. “
Non-Member Price $399
Member Price $299