F2 - Other Financial Statement Presentations Flashcards
1
Q
What are the general guidelines for OCBOA financial statement presentation?
A
- Different titles from accrual basis financial statements.
- Required financial statements that are the equivalent of the accrual basis balance sheet and income statement.
- Financial statements should explain changes in equity accounts.
- A statement of cash flows is not required.
- Disclosures should be similar to GAAP financial statement disclosures.
