From Footnote to Forefront: Financial Statement Disclosures


This course covers the ins and outs of financial statement disclosures. The variety of topics includes accounting policies, revenue recognition, leasing, credit losses on financial instruments, SAB 74 accounting pronouncements, business combinations, fair value measurements, segment reporting, derivatives and hedging, and asset retirement obligations.

In addition to an overview of the disclosure requirements, the course provides illustrative examples from public business entities. These examples show how different companies have addressed the disclosure requirements in practice.

Learning Objectives

By the end of the course, students will be able to:

  • recognize disclosure requirements related to accounting policies
  • identify disclosure requirements related to revenue recognition
  • recognize disclosure requirements for lessees and lessors under the lease standard
  • identify disclosure requirements related to credit losses on financial instruments
  • identify disclosure requirements related to business combinations and fair value measurements
  • recognize disclosure requirements for segment reporting
  • identify disclosure requirements for derivatives and hedging activities as well as asset retirement obligations

Designed For

The course is designed for accountants, auditors, financial analysts, and other financial professionals who need to understand the disclosure requirements for financial statements. It is also a valuable resource for anyone who wants to learn more about the important role that disclosures play in financial reporting.


Some experience in accounting and/or auditing; a basic understanding of accounting principles and concepts

Advanced Preparation


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

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