Companion to PPC's Guide to Compilation and Review Engagements - Course 3 - Interim Engagements, Special Purpose Frameworks, and Personal Financial Statements (CARTG203)  

Identify the general accounting rules for interim financial statements.

Determine the appropriate methods for dealing with revenue recognition, inventory and cost of goods sold in interim financial statements.

Recognize when to correct interim financial statements for a prior period, and the types of accounting changes that may affect interim financial statements.

Identify the different types of special purpose frameworks, how they fit in with the accounting standards, and when to use a special purpose framework.

Recognize the statement titles that are appropriate under the cash and tax basis, and how various financial statements will be affected if a special purpose framework is used.

Determine what entity is covered by personal financial statements, the basis of the presentation, and the form and content of the presentation.

Recognize the typical elements of personal financial statement engagements, including those specific to both compilations and reviews.