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Course 1 - Introduction to the Financial Statements and the Environment of Financial Reporting (Video) (Course Id 1900)

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Author : Jamie Pratt, Emeritus Professor of Accounting, Speaker, Author
Status : Production
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 1900

Description :

This course is an introduction to financial statements, why they are important, what they are, and includes a description of the environment in which they are prepared and used as well as a description of the concept of corporate governance.  It emphasizes the role of financial statements in measuring how well companies have performed on key factors of business success. This course serves as the first in a series of 8 courses, all offered by PRATTedu, that cover the preparation and use of financial statements as well as the accounting methods used in constructing the financial statements.  The final course in this series discusses and documents how real-world companies use discretion to create reports that measure their financial performance and position in the best possible light.

Usage Rank : 0
Release : 2021
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 : 09-Oct-2021
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 - 1900

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

Course Learning Objectives

After completing the course you should be able to:
  • Describe why financial statements are important and how they are used
  • Describe the four financial statements and explain how they differ.
  • List the 5 basic questions, in order, that cover the concepts measured by the financial statements.
  • Use actual dollar values from actual financial statements to answer the 5 basic questions.
  • Describe the economic forces that influence the preparation, use and analysis of the financial statements.
  • Define the concept of corporate governance and how it relates to the financial statements.
  • Describe the key areas of running a business and how they relate to how capital flows through the business.
  • Link the key areas of running a business and their results to the financial statements.

Course Contents :

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

Chapter 1 - Section 1 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 2

Chapter 1 - Section 2 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 3

Chapter 1 - Section 3 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 4

Chapter 1 - Section 4 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 5

Chapter 1 - Section 5 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 6

Chapter 1 - Section 6 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 7

Chapter 1 - Section 7 Review Questions

Chapter 1 - Introduction to the Financial Statements and the Environment of Financial Reporting - Section 8

Chapter 1 - Section 8 Review Questions

Glossary

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