With this Guide, you can be certain you are complying with applicable standards and quality control requirements. The Guide considers all the latest FASB literature and tax law changes and provides practical guidance on what the literature and laws mean for OCBOA financial statements. It not only explains the unique measurement and disclosure requirements of each basis of accounting, but the presentation and reporting options as well. It comes with both a cash basis and a tax basis disclosure checklist, example financial statements that cover a variety of entity types (nonprofit, professionals, estates, etc.), note disclosures, and tailored practice aids you can use to efficiently compile or review OCBOA financial statements.
Important update features for the 2012 edition include: