Financial reporting for cash- and tax-basis financial statements

This practice aid is intended to provide preparers of cash‐ and tax‐basis financial statements with guidelines and best practices to promote consistency and for resolving the often difficult questions regarding the preparation of such financial statements. Although this practice aid is the best source for such guidance, it is nonauthoritative and should not be used as a substitute for the preparer’s professional judgment. This practice aid has not been approved, disapproved, or otherwise acted upon by any senior committee of