Tax Basis and other Special Purpose Frameworks 26-27
4.00 Credits
Member Price $175
Non-Member Price $229
Overview
GAAP has become too complex for many small and private entities. As an alternative, many entities have adopted special purpose frameworks (formerly called OCBOA). This program guides entities through the acceptable methods of non-GAAP financial statements, the advantages and disadvantages of each, and presentation of the statements and disclosures.
Highlights
• Tax basis • Cash and modified cash • Contractual • Regulatory • Financial Reporting Framework for Small and Medium sized Entities (FRF for SMEs) • Red-flags in fraud
Prerequisites
None.
Designed For
CPAs and other financial professionals in public and private practice.
Objectives
• Determine multiple frameworks • Understand when there is a need for special purpose frameworks (SPFs) • Recognize how to properly present and disclose such frameworks
Preparation
None.
Leader(s):
Leader Bios
Kenneth Heaslip, Kaplan Financial Education
Kenneth Heaslip, MS, MBA, CPA, CGMA, is a discussion leader and group practice leader in professional ethics for Loscalzo Associates Ltd. He is a frequent speaker in all areas of accounting and taxation as well as careers in accounting. He has served as vice president of the NJSCPA and Secretary of their Scholarship Fund. He is an active member of several Society committees in taxation and student affairs and is currently the chair of the State Educators Committee. A past President of the Essex Chapter of the NJSCPA, as well as Trustee of the State Society, Kenn is a Director at Leaf, Saltzman, Manganelli, Tendler, & Miele LLP in Fairfield, NJ, a regional CPA firm. Kenn is also an Associate Professor of Accounting at Bloomfield College. He previously was an Executive in Residence at Seton Hall University where he was the students’ choice as ?Educator of the Year? two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since 1983. Until 1998, Kenn was the National Director of the Becker CPA Review Course, where he was responsible to oversee and train over 350 instructors as well as be the lead editor of the course materials. Kenn lectured extensively throughout the United States, as well as in Canada and Asia.
Non-Member Price $229
Member Price $175