Preparing Special Purpose Framework Financial Statements [CMT4]


Jun 24, 2016
Time: 8:30 am-12:00 pm
Accounting & Auditing

Credit Hours:



Member: $150.00
Non-member: $225.00

Discussion Leader:

Melissa G. Critcher, CPA

Melissa G. Critcher has her own firm located in the Charlotte, North Carolina area that focuses on auditing employee benefit plans, plan sponsor support, CPA firm technical review, and various other accounting and consulting services. She has extensive experience in auditing and accounting, which includes manufacturing, professional service, healthcare, and retail industries, with a specialization in employee benefit plans. She is an author and instructor of continuing education courses for various organizations, including the North Carolina Association of CPAs (NCACPA) where she has been recognized as an Outstanding Discussion Leader. Melissa’s career began with a small, local CPA firm in North Carolina, and she has since worked for various sized accounting firms across North Carolina during the course of her career. She has been providing auditors with the fundamentals and techniques necessary in order to properly audit defined contribution and defined benefit plans for more than 20 years. Her auditing background includes performing engagements for various size benefit plans, both limited and full scope audits, as well as evaluating Service Organization Control reports. Melissa graduated from Appalachian State University with a Bachelor of Science degree in Business Administration specializing in Accounting. She is a member of the NCACPA and other professional organizations.

Full Description

Preparing Special Purpose Framework Financial Statements: Cash, Modified Cash & Tax Basis (CMT4)

June 24, 2016 / Morning Session

Alaska Society of CPAs
2600 Cordova Street, Suite 211
Anchorage, AK

For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

For many businesses, preparing financial statements using a special purpose framework may provide an alternative to the complexity of U.S. GAAP. This course will provide you with an overview and hands-on application for preparing financial statements using a special purpose framework. You will learn the unique measurement and disclosure requirements of various SPF options using example financial statements and illustrative disclosures. The course also includes common practice issues encountered when preparing SPF financial statements, as well as an introduction to the AICPAs new SPF for small and medium-sized entities, FRF for SMEsTM.

Major Topics:
An introduction to special purpose frameworks
Authoritative and non-authoritative guidance used to prepare SPF financial statements
Common issues in preparing SPF financial statements
Cash basis and modified cash basis financial statements
Income tax basis financial statements
The AICPAs new special purpose framework FRF for SMEsTM

Learning Objectives:
Review the limited authoritative and non-authoritative literature covering special purpose frameworks
Learn how to prepare SPF financial statements using the cash, modified cash, and tax basis of accounting
Be aware of SPF accounting and presentation issues
Review the disclosure requirements for SPF financial statements

Designed For: Practitioners and staff involved with the preparation of cash and tax basis financial statements

CPE Credits: 4, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: None

Acronym: CMT4

Discussion Leader: Melissa G. Critcher, CPA