Special Purpose Frameworks- The Alternative to GAAP (3CR)
3.0 Credit HoursPrice: 3.0 Tokens
Generally Accepted Accounting Principles (GAAP) has become increasingly complex due to the changing environment. While this complexity is justified in many situations, many entities find that the cost does not justify the benefits. As a result, many entities turn to Special Purpose Frameworks. In this course we will look at the most popular alternative frameworks as well as some new and other interesting frameworks. We’ll also spend time on the theory that should go into your decision- making when deciding to use a Special Purpose Framework.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date- 12/11/21
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More Info
Learning Objectives
Upon completion of this course, the participant should be able to:
Define Special Purpose Frameworks and provide examples.
Explain the differences between Special Purpose Frameworks and OCBOA.
Explain the purpose of general-purpose financial statements.
Explain what make financial statements useful.
Apply a methodology for deciding on footnotes for a Special Purpose Framework.
Cite the authoritative guidance for Special Purpose Frameworks.
Define the four primary categories of Special Purpose Frameworks.
Decide when it would be appropriate to use a Special Purpose Framework.
Apply the Cash, Modified Cash and Tax bases of accounting.
Explain the theory behind regulatory and contractual bases of accounting.
Explain the major elements of IFRS-SME.
Explain the major elements of FRF-SME.
Apply resources for preparing financial statements under FRF-SME.
Level
BasicPrerequisites
Knowledge of accounting
Advanced Preparation
None
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EventsJuly 26, 2024 @ 1:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP
July 31, 2024 @ 8:30 AM - ET Special Purpose Frameworks- The Alternative to GAAP
August 1, 2024 @ 12:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP
August 5, 2024 @ 9:30 AM - ET Special Purpose Frameworks- The Alternative to GAAP
August 7, 2024 @ 1:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP
August 9, 2024 @ 8:30 AM - ET Special Purpose Frameworks- The Alternative to GAAP
August 13, 2024 @ 12:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP
August 15, 2024 @ 9:30 AM - ET Special Purpose Frameworks- The Alternative to GAAP
August 19, 2024 @ 1:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP
August 21, 2024 @ 8:30 AM - ET Special Purpose Frameworks- The Alternative to GAAP
August 23, 2024 @ 12:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP
August 28, 2024 @ 9:30 AM - ET Special Purpose Frameworks- The Alternative to GAAP
August 29, 2024 @ 1:30 PM - ET Special Purpose Frameworks- The Alternative to GAAP