Principles of Financial Statement Presentations ON DEMAND

Overview

When presenting financial statements, there are many key requirements to consider. This course 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 for the financial statements. Other topics covered include the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC).

Highlights

Presentation of Financial Statements. Liquidation Basis of Accounting. Income Statement. Sections of the Statement of Cash Flows. Notes to Financial Statements.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Select requirements for disposal transactions to meet held for sale criteria. Recognize overall financial statement presentation requirements. Cite requirements for discontinued operations and liquidation basis of accounting reporting. Identify the different methods used for statement of cash flow presentation. Recognize when certain balance sheet accounts can be offset. Identify disclosure requirements with respect to an entity’s accounting policies. Recall the disclosures required in the event of substantial doubt of an entity’s ability to continue as a going concern, and more.

Preparation

None.

Notice

None.