Companion to PPC's Guide to Compilation and Review Engagements - Course 1 - Form and Presentation of Financial Statements, Partnerships, and S Corporations (CARTG201)  

Identify appropriate presentation options, as well as specific considerations for the balance sheet, income statement, and comprehensive income.

Recognize best practices for how financial statements and the notes to the financial statements should be presented.

Identify how to address the presentation of supplementary information, risks and uncertainties, derivative instruments, accounts receivable, and fiscal year changes.

Identify the advantages and disadvantages and related accounting and reporting issues of limited liability companies and limited liability partnerships.

Recognize appropriate financial statement presentation for S corporations.

Identify the effects of losses, tax/book differences, and termination on an S corporation's retained earnings account.