The Essential Guide to Understanding Non-GAAP Financial Statements with Renee Rampulla
4.00 Credits
Member Price $149
Non-Member Price $179
Overview
Many entities prepare their financial statements using non-GAAP frameworks, such as tax and cash basis. Participants who attend this course will learn the unique reporting and disclosure requirements when preparing non-GAAP financial statements commonly referred to as special purpose frameworks (SPFs) or other comprehensive basis of accounting (OCBOA) financial statements.
Highlights
- OCBOA financial statements
- Cash and Modified Cash Basis
- Tax Basis
- Unique Reporting and Disclosure Requirements
- Frequent Peer Review Matters
Prerequisites
Basic financial statement experience
Designed For
External and internal auditors, practitioners, accountants in industry, educators, and those learners who want or need to understand financial statements prepared using a special purpose framework
Objectives
- Recognize the various types of special purpose frameworks
- Identify the key differences between GAAP and SPF financial statements
- Recall unique SPF reporting and disclosure requirements and avoid common errors
- Recognize the impact SPFs have on each engagement performed in accordance with American Institute of Certified Public Accountants'(AICPA) standards
- Identify peer review matters involving SPFs as described in the most recent AICPA's Peer Review Oversight Report
Preparation
None
Leader(s):
Leader Bios
Renee Rampulla, AICPA
Renee Rampulla, CPA, CGMA has over twenty years of professional experience. She consults, writes, and lectures on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. Renee is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. For several years Renee has been an adjunct lecturer at a university in New York City. She has taught numerous undergraduate accounting and auditing courses. Renee enjoys teaching and is an instructor and author of several continuing professional education courses for the AICPA, the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE), and other organizations, covering a variety of FASB and IFRS accounting guidance along with PCAOB and ASB auditing standards. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the NYSSCPA, the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the National Conference of Certified Public Accountants Practitioners
Non-Member Price $179
Member Price $149