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Principles of Financial Statement Presentations ON DEMAND

Available Until

Your Desk

4.0 Credits

Member Price $116.00

Non-Member Price $133.00


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).


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



Designed For

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


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.






Leader Bios

Kelen Camehl, Western CPE

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

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Non-Member Price $133.00

Member Price $116.00