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Course Details

The Balance Sheet (Course Id 1319)

New / QAS / Registry
Author : Steven Bragg, CPA
Status : Production
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1319

Description :

The balance sheet reveals the financial position of a business, and so should be properly prepared in order to maximize the amount of information conveyed to users. This course assists the accountant by noting the various presentation formats that can be used, as well as the content and description of each line item within the statement. It also discusses sample balance sheets from several publicly-held companies, in order to show the range of presentation possibilities.

Usage Rank : 0
Release : 2018
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 : 18-Jan-2018
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 - 1319

Keywords : Accounting, Balance, Sheet, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Identify which assets are usually classified as current or long-term on the balance sheet.
  • Note which liabilities are usually classified a current or long-term on the balance sheet.
  • Recognize the steps required to manually construct a balance sheet.
  • Note the types of assets that can be classified into each of the major asset categories.
  • Recognize the different types of liabilities that may appear on the balance sheet.
  • Cite the decision points related to how a loan should be classified if the lender can call the loan.
  • Describe the proper presentation of each equity line item on the balance sheet.
  • Describe the structure of the statement of retained earnings.
  • Note the instances in which different balance sheet ratios may apply to a business.

Chapter 1
Overview of the Balance Sheet

  • Identify which assets are usually classified as current or long-term on the balance sheet.
  • Note which liabilities are usually classified a current or long-term on the balance sheet.
  • Recognize the steps required to manually construct a balance sheet.

    Chapter 2
    Asset Line Items on the Balance Sheet

  • Note the types of assets that can be classified into each of the major asset categories.

    Chapter 3
    Liability Line Items on the Balance Sheet

  • Recognize the different types of liabilities that may appear on the balance sheet.
  • Cite the decision points related to how a loan should be classified if the lender can call the loan.

    Chapter 4
    Equity Line Items on the Balance Sheet

  • Describe the proper presentation of each equity line item on the balance sheet.

    Chapter 5
    The Statement of Retained Earnings

  • Describe the structure of the statement of retained earnings.

    Chapter 6
    Balance Sheet Ratio Analysis

  • Note the instances in which different balance sheet ratios may apply to a business.
  • Course Contents :

    Chapter 1 - Overview of the Balance Sheet

    Overview of the Balance Sheet

    The Order of Liquidity

    The Common Size Balance Sheet

    The Comparative Balance Sheet

    How to Construct the Balance Sheet

    Offsetting

    Valuation Accounts

    Balance Sheet Disclosures

    Review Questions

    Chapter 2 - Asset Line Items on the Balance Sheet

    Presentation of Cash

    Presentation of Marketable Securities

    Trading Securities

    Held-to-Maturity Securities

    Available-for-Sale Securities

    Presentation of Prepaid Expenses

    Presentation of Accounts Receivable

    Presentation of Inventory

    Presentation of Fixed Assets

    Presentation of Other Assets

    Examples of Asset Presentation

    Review Questions

    Chapter 3 - Liability Line Items on the Balance Sheet

    Presentation of Accounts Payable

    Presentation of Taxes Payable

    Presentation of Estimated Promotional Expenses

    Presentation of Deferred Revenue

    Presentation of Compensated Absences

    Presentation of Retirement Benefit Information

    Presentation of Bank Overdrafts

    Presentation of Dividends Payable

    Presentation of Accrued Expenses

    Presentation of Contingent Liabilities

    Presentation of Customer Deposits

    Presentation of the Current Portion of Long-Term Debt

    Debt Presentation

    Callable Debt

    Classification of Debt that Includes Covenants

    Debt Issuance Costs

    Due on Demand Loans

    Increasing-Rate Debt

    Revolving Debt Agreements

    Short-Term Obligations to be Refinanced

    Subjective Acceleration Clauses

    Troubled Debt Restructurings by Debtors

    Presentation of Debt Terms

    Examples of Liability Presentation

    Review Questions

    Chapter 4 - Equity Line Items on the Balance Sheet

    Presentation of Capital Stock

    Presentation of Preferred Stock

    Presentation of Additional Paid-In Capital

    Presentation of Common Stock Subscribed

    Presentation of Stock Splits

    Presentation of Retained Earnings

    Presentation of Accumulated Other Comprehensive Income

    Presentation of Non-Controlling Interests

    Presentation of Treasury Stock

    Presentation of Appropriations

    Presentation of Note Paid for Equity

    Examples of Equity Presentation

    Review Questions

    Chapter 5 - The Statement of Retained Earnings

    Overview of the Statement of Retained Earnings

    How to Prepare the Statement of Retained Earnings

    Review Questions

    Chapter 6 - Balance Sheet Ratio Analysis

    Current Ratio

    Quick Ratio

    Cash Ratio

    Debt to Equity Ratio

    Review Questions

    Glossary

    Accounting Course 1319 Home: https://www.cpethink.com/accounting-cpa-courses
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