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Course Details

Principles of Financial Statement Presentation - v12 (Course Id 2082)

QAS / Registry
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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: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2082

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 : 2022
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 : 12-Dec-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 - 2082

Keywords : Accounting, Principles, Financial, Statement, Presentation, v12, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Recognize overall financial statement presentation requirements
  • Identify requirements for discontinued operations and liquidation basis of accounting reporting
  • Determine when certain balance sheet accounts can be offset
  • Identify presentation requirements for the income statement and comprehensive income
  • List the different methods used for statement of cash flow presentation
  • Differentiate between operating, financing, and investing activities in the statement of cash flows
  • Identify disclosure requirements with respect to an entitys accounting policies
  • Recognize the requirements regarding changes in accounting principles
Course Contents :

Chapter 1 - Principles of Financial Statement Presentation

Course Learning Objectives

Course Overview


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

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