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| Author : | Kelen Camehl, CPA, MBA |
| Status : | Production |
| CPE Credits : | 3.5 |
| IRS Credits : | 0 |
| Price : | $34.95 |
| Passing Score : | 70% |
| Primary Subject-Field Of Study: | Accounting - Accounting and Auditing for Course Id 1006 |
| Description : |
This course provides an overview of the key presentation requirements with respect to an entity’s financial statements. This includes a discussion of key principles related to an entity’s overall presentation as well as specific topics with respect to its balance sheet, income statement, comprehensive income, statement of cash flows, as well as notes to the financial statements. The course also addresses the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC). |
| Usage Rank : | 0 |
| Release : | 2016 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed |
| Additional Links : |
Financial Statement Presentation Project Update Main page FASB
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| Advance Preparation : | None. |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE) |
| Revision Date : | 08-Jun-2016 |
| 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 - NASBA Registry - 1006 |
| Keywords : | Accounting, Principles, Financial, Statement, Presentation, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
o Identify requirements for discontinued operations and liquidation basis of accounting reporting o Determine when certain balance sheet accounts can be offset o Identify presentation requirements for the income statement and comprehensive income o List the different methods used for statement of cash flow presentation o Differentiate between operating, financing, and investing activities in the statement of cash flows o Identify disclosure requirements with respect to an entity’s accounting policies o Recognize the requirements regarding changes in accounting principles |
| Course Contents : | Chapter 1 - Principles of Financial Statement Presentation Course Learning Objectives Introduction Presentation of Financial Statements Discontinued Operations Management Commits to a Plan to Sell the Asset Asset Available for Immediate Sale in its Present Condition Active Program to Locate a Buyer and Other Actions have been Initiated Sale is Probable and Expected to be Completed as a Sale in One Year Unlikely Significant Changes to Plan will be made or the Plan will be Withdrawn Income Statement Presentation Balance Sheet Presentation Review Questions Liquidation Basis of Accounting Going Concern Balance Sheet Presentation Disclosure Requirements Review Questions Income Statement Comprehensive Income Statement of Cash Flows Review Questions Proceeds from Insurance Claims Direct Method Indirect Method Review Questions Notes to Financial Statements Basis of Consolidation Amortization of Intangibles Inventory Pricing Revenue Recognition Changes in Accounting Principles Review Questions Glossary of Terms |
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