Corporate External Financial Reporting Decisions

4.6 (9)

Thomas Coghlan, MBA

CPE University, LLC

Monday, December 21, 2020 | 10:00 AM EST

  • CPA
  • CMA

Credits: 5.5 CPE


Subject Area


Additional Dates

Jan 25, 2021 | 08:00 AM PST Register

Course Description

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
  • Leases
  • Equity Transactions
  • Revenue Recognition
  • Income Measurement
  • IFRS-US GAAP Differences
This will be a very attractive value for the Tax preparers, EAs, and CPAs. 

Learning Objectives

  • To identify the major components, classifications, and limitations of each financial statement.
  • To identify the basic disclosures related to each financial statement.
  • To identify issues related to the valuation of accounts receivables, including timing of recognition estimation of uncollectible amounts.
  • To identify issues in inventory valuation including which goods and costs to include.
  • To identify and compare inventory cost assumptions.

Who Should Attend?

  • Finance Pros
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • CPA (Industry)
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Accounting Practice Owners
  • Senior Accountant
  • Accounts Director
  • Cloud Accountants
  • Entrepreneurial Accountant
  • Accounting Managers
  • Staff of Accounting Firm





I did not believe that Thomas could have out-performed his last webinar that I attended. Wrong again. Thomas, gave superb instruction on why to question conventional reasoning when anlyzing financial performance. And, he managed to explain and clarify the use of alternate measures. Excellent presentation


Thomas cut through the usual accounting conversation to offer practical and easy ideas to wow your clients. He showed how much juicy info is hidden behind a typical financial statement. I also really appreciate his view on adding value to each client interaction and stretching ourselves to build a great relationship with our clients. Edward is engaging and very informative - I would recommend any class with him!


He presents information in an interesting, down-to-Earth, and extremely relevant way. Thomas provides easy to understand, real life examples of various analyses in his webinar - -which gives us take-aways that we can easily incorporate into our professional lives. This was a very valuable webinar with a lot of wise advice packed into 60 minutes


Thomas provides accountants with no nonsense information to add value to clients! So often, accountants presume clients know what is going on in their business but don't. Remember what happens when you assume? The topic was interesting and Ed did a terrific job explaining ways to maximize beneficial !


Outstanding webinar; as a career Controller and now a small business consultant, this served as reminder to me to be more proactive in "peeling back the layers" for my clients. Makes my services more valuable, This type of financial overview will certainly help the reader of the financials to get an better understanding of the business operations.


Great reminder to add value with every client contact, and thanks for all the practical ideas about how to add value, like looking at average invoice size, use graphs, and learn the business so you can talk knowledgeably with the client about things like the most valuable time periods to compare on graphs etc.