Other Comprehensive Basis of Accounting (OCBOA)
Media Type: Video
Keyword(s)
Financial Recordkeeping
Credit
CPE:2.0
Publisher
Becker Professional Education
Description
This course will be an overview of:
* Defining what qualifies as a comprehensive basis of accounting other than GAAP
* Differentiating the advantages and disadvantages of using a special purpose framework
* Describing the major accounting and financial reporting differences between special purpose frameworks and GAAP
* Describing the impact on audit and other attest reports on financial statements prepared using a special purpose framework
* Defining what qualifies as a comprehensive basis of accounting other than GAAP
* Differentiating the advantages and disadvantages of using a special purpose framework
* Describing the major accounting and financial reporting differences between special purpose frameworks and GAAP
* Describing the impact on audit and other attest reports on financial statements prepared using a special purpose framework