- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course provides an introduction to preparing and reporting on financial statements using other comprehensive bases of accounting. The course discusses general and specific considerations that should be taken into account while using other comprehensive bases of accounting, and applies those considerations to disclosures and reporting requirements.
Course Expiration Date: October 31, 2019
Pleas note, the grading fee of answer submitted by regular mail is $105.
Identify the general reporting considerations for the regulatory and contractual and other bases of accounting and determine how compilation and review reports are affected by these bases of accounting.
Identify the required elements of compilation and review reports, how accountants deal with compilation reports when they lack independence, when financial statements omit substantially all disclosures, or when there are material measurement departures.
Determine how accountants should use the various emphasis paragraphs in compilation and review reports.
Recognize how modifications are made to the auditor’s standard reports.
Identify how auditors report on regulatory basis financial statements as special purpose framework financial statements.
Lesson 1—Other Bases of Accounting
Lesson 2—Reporting on Special Purpose Framework Financial Statements
Lesson 3—Interim Engagements