Principles of Financial Statement Presentation

Price: $33.35

CPE Credits: 3.5

Category:

Course Number: AAPRFSKC

financial statement cycle

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). Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorKelen F. Camehl, CPA, MBA

Publication: June 2016
Reviewed: January 2017

Format: PDF
Pages: 73

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize overall financial statement presentation requirements prescribed by the FASB ASC
  • 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
  • Describe 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 entity’s accounting policies
  • Recognize the requirements regarding changes in accounting principles
  • Describe the disclosures required in the event of substantial doubt of the entity’s ability to continue as a going concern

 

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). Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorKelen F. Camehl, CPA, MBA

Publication: June 2016
Reviewed: January 2017

Format: PDF
Pages: 73

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize overall financial statement presentation requirements prescribed by the FASB ASC
  • 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
  • Describe 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 entity’s accounting policies
  • Recognize the requirements regarding changes in accounting principles
  • Describe the disclosures required in the event of substantial doubt of the entity’s ability to continue as a going concern

 

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