Income Statement: Accounting and Reporting ON DEMAND

Overview

This course addresses income statement accounting and reporting. It discusses a variety of accounting issues surrounding income statement items and related information; the format of the income statement, major income statement categories, unusual and nonrecurring items, discontinued operations, research and development costs, deferred compensation arrangements, share-based payment, compensation expense arising under a stock option plan, insurance costs, and earnings per share (EPS) calculation.

Highlights

Revenue, Expenses, Gains, and Losses. Income Statement Formats. Unusual or Infrequently Occurring Items. Research and Development Costs. Share-Based Payment. Deferred Compensation Arrangements. Advertising Costs. Insurance Costs. Restructuring Charges. Costs Associated with Exit or Disposal Activities. Website Development Costs. Income Statement Presentation Starting with Income from Continuing Operation. Discontinued Operations and Related Disposal of Long-Lived Asset. Earnings per Share.

Prerequisites

None.

Designed For

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

Objectives

Identify the differences between a single-step income statement and a multiple-step income statement. Recognize key items of the income statements and how they should be reported. Determine the requirements for unusual or infrequent income. Recognize requirements when reporting discontinued operations Compute earnings per share in a simple and complex capital structures. Recognize the ASC 220 requirements for comprehensive income.

Preparation

None.

Notice

None.