Course ID: CTBA

Cash and Tax Basis Accounting: A Practical Guide

This course will help participants who prepare cash and tax (OCBOA/AFRF) financial statements with an overview of the major practice issues they face. Coverage will reflect the most recently issued guidance and use practice questions to illustrate the accountant’s responsibilities. Course content will focus on the role of the CPA in providing services to closely held businesses that need simple, cost-effective reporting.

Learning Objectives

  • Recognize the standards, interpretations, and practice problems involved in preparing cash and tax basis financial statements
  • Be aware of the major sources on authoritative and non-authoritative guidance involving non-GAAP statements.
  • Upon completion of this course, participants will be able to:
  • Identify the recognition, measurement, display, and disclosure considerations involving cash and tax basis presentations
  • Understand how AICPA’s SME framework provides an alternative for preparing OCBOA statements

Major Topics

  • What constitutes an OCBOA / AFRF?
  • Who should use cash and tax basis?
  • Lenders and OCBOA statements
  • Sources of authoritative and non-authoritative guidance
  • Cash modified cash statements – practice issues
  • Tax basis statements – practice issues
  • Reporting considerations
  • A flexible approach to disclosure

Who Should Attend

Accountants in public practice who prepare compiled or reviewed OCBOA statements and need to gain an understanding of recently issued literature and changes in the practice environment

Fields of Study



Prior learning or expereince in preparing cash and tax financial statements


Business Learning Institute

CPE Credits




This course is available for your group as:


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