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Course 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - v2 (Video) (Course Id 2133)

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Author : Jamie Pratt, Emeritus Professor of Accounting, Speaker, Author
Course Length : Pages: 3 ||| Review Questions: 9 ||| Final Exam Questions: 15
CPE Credits : 3.0
IRS Credits : 0
Price : $44.95
Passing Score : 70%
Course Type: Video - NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2133

Description :

This course presumes no knowledge of business or financial statements and through various scenarios describes the basic elements of business and how they are reflected in the financial statements.  The first scenario assumes the perspective of an investor and by explaining the investment decision describes why and how financial statements are useful.  The second scenario assumes the perspective of an entrepreneur who uses the financial statements to attract capital and then run a successful business. The key areas of evaluating and running successful businesses are then identified and linked to the financial statements, followed by a basic financial analysis of the 2021 financial statements of Amazon.  The course concludes with a discussion of the capital market, the environment in which financial statements are prepared, used and analyzed and the economic forces that influence the financial reporting process.

Usage Rank : 0
Release : 2023
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 27-Feb-2023
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

Video - NASBA QAS - Text - Technical - NASBA Registry - 2133

Keywords : Accounting, Course1, Introduction, Financial, Statements, Environment, Financial, Reporting, v2, Video, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

After completing the course, you should be able to:
  • Describe the basics of investing decisions and why and how financial statements are useful.
  • Describe the four financial statements and how they relate to each other.
  • List the 5 questions, in order, answered by the financial statements that define business performance.
  • Describe the three key activities involved in running a successful business.
  • Link the financial statements to the three key activities involved in running a successful business.
  • Use condensed, real-world financial statements to answer the 5 questions that define business performance.
  • Describe the capital market and the economic forces that affects the preparation, use and analysis of the financial statements.

Course Contents :

Chapter 1 - Course 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - v2

Chapter 1 Review Questions

Glossary

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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