Tax Basis and other Special Purpose Frameworks
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(Check-In 12:45pm EST)
Virtual
4.00 Credits
Member Price $219.00
Non-Member Price $309.00
Overview
GAAP has become too complex for many small and private entities. As an alternative, many entities have adopted special purpose frameworks (formerly called OCBOA). This program guides entities through the acceptable methods of non-GAAP financial statements, the advantages and disadvantages of each, and presentation of the statements and disclosures. Emphasis is placed on the following frameworks:
• Tax basis • Cash and modified cash • Contractual • Regulatory • Financial Reporting Framework for Small and Medium sized Entities (FRF for SMEs) • Red-flags in fraud
Designed For
CPAs in public and private practice
Objectives
• To understand when there is a need for special purpose frameworks (SPFs) • To learn how to properly present and disclose such frameworks
Leader(s):
Leader Bios
Kenn Heaslip, Kenn Heaslip Seminars, LLC
Kenneth Heaslip, licensed as a CPA in New Jersey, has extensive experience teaching all levels of accounting, auditing, and in other practice-related areas. He is an active member of the NJCPA, where he has served in positions such as Vice President, Trustee Chapter President, Committee Chair, and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee and is a Director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, and in the Executive MBA program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn earned his BA from Rutgers University and has an MS in Taxation and MBA in Finance from Seton Hall University
Non-Member Price $309.00
Member Price $219.00