Corporate External Financial Reporting Decisions

4.1 (14)

Thomas Coghlan, MBA

CPE University, LLC

  • CPA
  • CVA
  • CMA
  • CGMA
  • ABV
  • CIA

Before starting this self study program, please go through the instructional document.

Overview

  • Who are the Users of the FInancial Statements8 mins
  • MD&A Components28 mins
  • Special Category: Inventory in Transit64 mins
  • Intrest and dividends113 mins
  • Usage Method: Units of Output160 mins
  • Liability Valuation Topics181 mins
  • Impact of Change to Accounting for Leases208 mins
  • Discontinued Operation Criteria252 mins

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. 

Topics include:
  • 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 an attractive value webinar 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 recognize the differences between the held-to-maturity, trading, and available-for-sale methods to classify securities.

Who Should Attend?

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

Testimonial

4.1

(14)
36%
57%
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7%

CL

Another fantastic education session with Thomas. He is so knowledgeable and practical in his approach to serving clients and practice management. He is also very generous with his time, offering to speak to any of us anytime about any topic

AM

I really enjoyed this webinar. I work in industry in a small business and am always trying to think of different ways to look at the financials to provide additional information and analysis for the owners. This course provided some excellent ideas for that, The presenter was not only knowledgeable but excited about the materials!

AS

Very thorough explanations of various reporting topics, reinforced by examples to promote understanding.

RC

a good refresher course