F2 - M7 - Special Purpose Frameworks

Question 1

What are special purpose frameworks?

Answer 1

Non-GAAP presentations

1 - Cash Basis of Accounting
2 - Tax Basis of Accounting
3 - Price Level Adjusted Financial Statements
4 - Regulatory Basis of Accounting

Question 2

What is OCBOA?

Answer 2

Other Comprehensive Bases of Accounting

Another name for Special Purpose Frameworks

Question 3

What are the most commonly used special purpose frameworks?

Answer 3

Cash Basis
Modified Cash Basis
Tax Basis