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myCPE

Form 10-K Series - Detailed Analysis of the Financial Statements Section 0.5 Credit

Form 10-K Series - Detailed Analysis of the Financial Statements Section 0.5 Credit

Part 2

  • Rating

    4.7
  • Published on

    November, 2024
  • Subject Area

    Accounting

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • Identify the key components and classifications of financial statements included in SEC Form 10-K.
  • Recognize the significance of each financial statement in assessing a company’s financial health.
  • Distinguish between critical accounting policies and estimates that impact financial reporting.
  • Determine the role of footnote disclosures in providing additional context to financial statements.
  • Recognize common pitfalls in financial statement disclosures from effective disclosure practices.

Course Overview

Understanding the components of financial statements and ensuring accurate information disclosure is important for the benefit of stakeholders.

In this CPE Course, we will cover how to properly disclose information, including revenue recognition, expenses, and footnotes, providing a comprehensive view of a company's operations, enabling stakeholders to make informed decisions. This transparency creates trust and confidence in the financial markets, ultimately supporting the company’s reputation and long-term success.

This course provides an overview of the financial statements included in SEC Form 10-K, focusing on their structure and significance in assessing a company’s financial health. We will break down each primary statement, highlighting key components, classifications, and their relevance for analysis. The course also examines the role of accounting policies and estimates in shaping financial results as well as the importance of footnote disclosures.

Key topics covered:

  • Key Accounting Policies and Estimates
  • Understanding Footnote Disclosures
  • Common Pitfalls and Best Practices
  • Connecting the Dots to the 10-K 

Join this CPE Course, we’ll identify common pitfalls in financial reporting and outline best practices for ensuring accuracy and clarity, emphasizing the role of internal review processes in maintaining high-quality disclosures. 

For more CPE Financial Reporting courses, Click here.

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Certified Internal Auditors (CIA) 0.5 CPE Eligible
Certified Management Accountants (CMA) 0.5 CPE Eligible
Chartered Financial Analyst (CFA) 0.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 0.5 CPE Eligible
Certified Government Financial Manager (CGFM) 0.5 CPE Eligible
Certified Fraud Examiner (CFE) 0.5 CPE Eligible
Internal Audit Practitioner (IAP) 0.5 CPE Eligible
Certified Financial Forensics (CFF) 0.5 CPD Eligible
Certified Valuation Analyst (CVA) 0.5 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 0.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 0.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 0.5 CPE Eligible
CIPM 0.5 PL Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 0.5 CPE Eligible
Certified FP&A Professional (FP&A) 0.5 CE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Certified Internal Auditors (CIA) 0.5 CPE Eligible
Certified Management Accountants (CMA) 0.5 CPE Eligible
Chartered Financial Analyst (CFA) 0.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 0.5 CPE Eligible
Certified Government Financial Manager (CGFM) 0.5 CPE Eligible
Certified Fraud Examiner (CFE) 0.5 CPE Eligible
Internal Audit Practitioner (IAP) 0.5 CPE Eligible
Certified Financial Forensics (CFF) 0.5 CPD Eligible
Certified Valuation Analyst (CVA) 0.5 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 0.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 0.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 0.5 CPE Eligible
CIPM 0.5 PL Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 0.5 CPE Eligible
Certified FP&A Professional (FP&A) 0.5 CE Eligible

Additional Information

Credits

0.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Author

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".    

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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