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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 38 ||| Word Count: 26,618 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
CPE Credits: |
4.0 |
IRS Credits: |
0 |
Price: |
$35.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides an overview of key presentation requirements for an entitys financial statements, covering the balance sheet, income statement, and notes to the financial statements.
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Frequently Asked Questions: |
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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: |
46786 |
Release: |
2022 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Financial Statements: List of Types and How to Read Them
Internal: Accounting Systems & Financial Statements
Internal: Breaking Down Key US GAAP Standards & SEC Filing
External: FASB - Presentation of Financial Statements (Topic 205) & ASU 2014‑08
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
06-Mar-2026 |
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. |
Keywords: |
Principles of Financial Statement Presentation - v12 - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives
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Course Contents: |
Chapter 1 - Principles of Financial Statement Presentation Course Learning Objectives Course Overview Introduction Presentation of Financial Statements Discontinued Operations Review Questions Liquidation Basis of Accounting Going Concern Balance Sheet Presentation Review Questions Income Statement Comprehensive Income Statement of Cash Flows Exhibit 1: 8 Reasons Cash Flow Statements Are Important Exhibit 2: Entities Not Required to Prepare a Statement of Cash Flows Exhibit 3: Exceptions to Gross Reporting Review Questions Components of Beginning & Ending Cash Exhibit 4: Cash and Cash Equivalents Exhibit 5: Restricted Cash Presentation – Direct vs. Indirect Methods Exhibit 6: Direct Method Presentation Exhibit 7: Article from The CPA Journal Review Questions Notes to Financial Statements Changes in Accounting Principles Review Questions Glossary of Key Terms |
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