- NY Credits : 7.0
- TX Credits : 7.0
Want answers to your questions on the preparation of personal financial statements? This course is a masterful guide to nailing down and retaining the facts about the preparation of personal financial statements. Coverage of past and present GAAP is detailed and clearly written, The AICPA Statements on Standards for Accounting and Review Services: Clarification and Recodification (SSARS 21) effective for periods ending on or after December 15, 2015, and Omnibus Statements on Standards for Accounting and Review Services-2018 (SSARS 24) issued May 2018 and effective on or after June 15, 2019, are covered as well as the 2018 edition with conforming changes of the Audit and Accounting Guide, Preparation, Compilation, and Review Engagements. Valuing assets and liabilities, calculating current and future income tax liabilities, and procedures for preparation, compilation, review, and audit of personal financial statements as well as many other important topics are examined.
This intermediate level course is most appropriate for the professional with detailed knowledge in this topic or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
explain past and present GAAP,
explain valuing assets and liabilities,
describe financial statements,
prepare and compile financial statements, and
compose reviews and audits.