- 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-2016 (SSARS 23) effective October 25, 2016, are covered as well as the 2016 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.
Upon successful completion of Preparing Personal Financial Statements, the user should be able to:
evaluate past and present GAAP,
explain valuing assets and liabilities,
describe financial statements,
prepare and compile financial statements, and
compose reviews and audits.