Principles of Financial Statement Presentation

Overview

This course covers key presentation requirements for an entity’s financial statements, including principles for overall presentation, balance sheet, income statement, comprehensive income, statement of cash flows, and notes. It also addresses changes in accounting principles, based on FASB’s Accounting Standards Codification (ASC).

Find this course for your license

License or Certification

Regulator

Objectives

Recognize overall financial statement presentation requirements
Determine when certain balance sheet accounts can be offset
Identify presentation requirements for the income statement and comprehensive income
Differentiate between operating, financing, and investing activities in the statement of cash flows
Recognize the requirements regarding changes in accounting principles
Describe the disclosures required in the event of substantial doubt of an entity’s ability to continue as a going concern

Designed For:

Practicing CPAs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel

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: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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