The objective of financial reporting is to provide financial information about the entity that is useful for decision-making. External Financial Reporting Decisions covers the four financial statements (balance sheet, income statement, statement of changes in equity, and statement of cash flows) as well as recognition, measurement, valuation, and disclosure concepts.
This webinar will enable you to better understand the development and integration of financial statements and the issues that preparers and users of financial statements face. This webinar provides a special consideration to asset and liability valuations, revenue recognition, income measurement, and differences between US GAAP and IFRS. Further, this course covers the external planning, performance, and control material tested in the Certified Management Accountant (CMA) Part 1 exam.
Key topic of the webinar:
- Financial Statement Overview
- Valuation of Accounts Receivable
- Valuation of Inventory
- Valuation of Securities
- Depreciation Methods.
- Impairment of Long-Term Assets
- Valuation of Liabilities
- Income Taxes on the Balance Sheet
- Equity Transactions
- Revenue Recognition
- Income Measurement
- IFRS-US GAAP Differences