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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 41 ||| Review Questions: 19 ||| Final Exam Questions: 20 |
| CPE Credits : | 4.0 |
| IRS Credits : | 0 |
| Price : | $35.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1165 |
| Description : | This course addresses income statement accounting and reporting. It discusses a variety of accounting issues surrounding income statement items and related information; the format of the income statement, major income statement categories, unusual and nonrecurring items, discontinued operations, research and development costs, deferred compensation arrangements, share-based payment, compensation expense arising under a stock option plan, insurance costs, and earnings per share (EPS) calculation. |
| Usage Rank : | 0 |
| Release : | 2021 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Income Statement Definition Investopedia
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 09-Apr-2022 |
| 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 : | NASBA QAS - Text - Technical - NASBA Registry - 1165 |
| Keywords : | Accounting, Income, Statement, Accounting, Reporting, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After completing this course, you should be able to:
2. Recognize key items of the income statements and how they should be reported. 3. Determine the requirements for unusual or infrequent income. 4. Recognize requirements when reporting discontinued operations. 5. Compute earnings per share in a simple and complex capital structures. 6. Recognize the ASC 220 requirements for comprehensive income. |
| Course Contents : | Chapter 1 - Income Statement: Accounting and Reporting Course Learning Objectives Revenue, Expenses, Gains, and Losses Revenues Expenses Gains and Losses Income Statement Formats Unusual or Infrequently Occurring Items Research and Development Costs Share-Based Payment Key Concepts Share-Based Payment Simplification Models Used to Value Share Options Nonvested and Restricted Stock Employee Stock Purchase Plans Cash-Settled Share-Based Liability Awards Share-Based Compensation Plan Disclosures Microsoft Tax Aspects Deferred Compensation Arrangements Advertising Costs Insurance Costs Life Insurance Casualty Insurance Business Interruption Insurance Restructuring Charges Costs Associated with Exit or Disposal Activities Website Development Costs Income Statement Presentation Starting with Income from Continuing Operations Review Questions - Section 1 Discontinued Operations and Related Disposal of Long-Lived Asset Classification as Held for Sale Exceptions to the One-Year Requirement That Must Exist for Held-for-Sale Classification Other Held-for-Sale Considerations Held-for-Sale Measurement Considerations Changing the Decision to Sell Classification as a Discontinued Operation Reporting the Gain or Loss from Operations of the Discontinued Component Reporting and Disclosure—Long-Lived Asset or Disposal Group That Has Been Sold or Is Classified For Sale Earnings per Share Basic Earnings per Share Diluted Earnings per Share Antidilutive Securities Share-Based Payment Transactions Earnings per Share and Specialized Disclosures on the Income Statement Down Round Features Business Combinations Disclosures Review Questions - Section 2 Comprehensive Income Disclosures Associated with Operations Change in Accounting Principle Change in Accounting Estimate Personal Financial Statements Review Questions - Section 3 Appendix: IPR&D Disclosures Glossary |
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