CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Corporate External Financial Reporting Decisions

  • CPA/ABV
  • CMA
  • CPA (US)
  • CVA
  • CFE
Corporate External Financial Reporting Decisions

5.5 Credits

$55

Subject Area

Accounting

Webinar Qualifies For

5.5 CPE credit of Accounting for all CPAs

5.5 CPE credit for Certified Management Accountants (CMA)

5.5 CPE credit of Business Valuation for CVAs (NACVA)

5.5 CPD credit (Verifiable) of Specialized Valuation Skills and Training for all ABV (AICPA)

5.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

The Fundamentals of PEOs: Everything You Need to Know to Find, Refer and Work with a Professional Employer Organization

Sep 21, 2021 | 02:00 PM EDT View Details

Accounting & Tax Implications of Accounting Changes & Errors

Sep 21, 2021 | 02:00 PM EDT View Details

IRS Representation Series - Reducing IRS Assessments for Interest & Penalties

Sep 21, 2021 | 02:30 PM EDT View Details

How to Make it Easy for Clients to Work with Your Accounting Firm

Sep 21, 2021 | 03:00 PM EDT View Details

Demystifying the Magic of Deferred Taxes

Sep 21, 2021 | 03:00 PM EDT View Details

Products and Services Subject to Sales Tax

Sep 21, 2021 | 03:30 PM EDT View Details

Auditing for Corruption

Sep 21, 2021 | 03:30 PM EDT View Details

Excel’s Data Validation Tools - keep out bad data from the start

Sep 21, 2021 | 03:30 PM EDT View Details

SOX Internal Controls For Accounts Payable, Receivable & Inventory

Sep 22, 2021 | 09:00 AM EDT View Details

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis

Sep 22, 2021 | 09:00 AM EDT View Details

Updates to Significant GAAP Topics

Sep 22, 2021 | 09:30 AM EDT View Details

Excel Accountant: Interactive Spreadsheets

Sep 22, 2021 | 10:00 AM EDT View Details

Ethics For Tax Professionals (Latest 2021)

Sep 22, 2021 | 10:00 AM EDT View Details

Practical Guide To Fraud including Cash, Inventory & General Frauds (Latest)

Sep 22, 2021 | 10:00 AM EDT View Details

How to deal effectively with IRS Examinations and Criminal Investigations?

Sep 22, 2021 | 10:00 AM EDT View Details

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?

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

Testimonial

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4.6

(61)
64%
33%
2%
0%
2%

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

RJ

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

JB

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!

RG

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

PU

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 !

WK

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.