How to Understand Special Purpose Accounting Frameworks: Three Videos
In this post, I provide three videos explaining these bases of accounting: (1) cash basis, (2) modified cash basis,…
Tax basis financial statements can be issued by CPAs. And it makes plenty of sense to do so. After all, once the tax return is done, you have the necessary information for the creation of a balance sheet and income statement.
CPAs can issue tax basis financial statements using AR-C 70, Preparation of Financial Statements, or AR-C 80, Compilations. Either option provides you with a quick way to issue financial statementsโusually without disclosuresโfor your clients.
In this post, I provide three videos explaining these bases of accounting: (1) cash basis, (2) modified cash basis,…
What is the most efficient way to issue financial statements? Tax basis financial statements without disclosure, using the Preparation…
In this article, I provide information about various special purpose reporting frameworks (e.g., cash basis, modified-cash basis, and income…