This course is a guide to nailing down and retaining the facts about the preparation of personal financial statements. 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 of credit, income tax planning, retirement planning, gift and estate planning, or public disclosure of their financial affairs. Users of personal financial statements rely on them in determining whether to grant credit, in assessing the financial activities of individuals, in assessing the financial affairs of public officials and candidates for public office, and for similar purposes. Coverage of past and present GAAP is detailed and clearly written. Valuing assets and liabilities, calculating current and future income tax liabilities, and procedures for preparation, compilation, review, and audit of personal financial statements, as well as many other important topics are examined. This intermediate level course is most appropriate for the professional with detailed knowledge in this topic or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.