Principles of Financial Statement Presentation


This course provides an overview of the key presentation requirements with respect to an entity’s financial statements. This 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, and statement of cash flows, as well as notes to the financial statements. The course also addresses the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC). 

Learning Objectives

Upon completion of this course, you should be able to:

  • 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

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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