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Course Details

Principles of Financial Statement Presentation (Course Id 1006)

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Author : Kelen Camehl, CPA, MBA
Status : Production
CPE Credits : 3.5
IRS Credits : 0
Price : $34.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1006

Description :

This course provides an overview of the key presentation requirements with respect to an entitys financial statements. This includes a discussion of key principles related to an entitys 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 Boards (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 :
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

Upon completion of this course, you will be able to:
    o Recognize overall financial statement presentation requirements
    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 entitys 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

Accounting Course 1006 Home: https://www.cpethink.com/accounting-cpa-courses
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