Preparing and Reporting on Personal Financial Statements

Date: 10/31/2024

Time: 12:00 PM - 2:00 PM EST

CPE Credit: 2 hours

Personal financial statements are prepared for individuals either to formally organize and plan their financial affairs in general or for specific purposes, such as obtaining credit, income tax planning, retirement planning, gift and estate planning, or public disclosure of their financial affairs. Learn about the authoritative guidance related to personal financial statements and how to interpret the guidance. Practitioners will benefit from this webcast’s comprehensive guidance on preparing and reporting on personal financial statements.

Topics Covered

• Personal financial statement presentation issues
• Use of estimated current value
• Tax calculation and presentation on personal financial statements
• Compilation of personal financial statements

Learning Objectives:

• Recognize the source of authoritative guidance for personal financial statements
• Recognize how to prepare personal financial statements
• Determine the proper disclosures for personal financial statements
• Understand the concept of “estimated current value”
• Understand the reporting requirements related to personal financial statements