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Principles of Financial Statement Presentation

4.5 (15)

Kelen Camehl, CPA (US), MBA

Kelen Camehl CPA

  • CIA
  • CMA
  • CPA (US)
  • CVA

Published: March, 2021

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


  • Presentation of Financial Statements
  • Liquidation Basis of Accounting
  • Introducing GAAP through ASU 2014-15
  • Required Disclosures
  • Balance Sheet Presentation
  • Income Statement
  • Comprehensive Income
  • Presentation – Direct vs. Indirect Methods
  • Changes in Accounting Principles

Course Description

This course provides an overview of the key presentation requirements with respect to an entity’s financial statements. This includes a discussion of key principles related to an entity’s overall presentation as well as specific topics with respect to its balance sheet, income statement, comprehensive income, statement of cash flows, as well as notes to the financial statements. The course also addresses the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC).

Learning Objectives

  • To recognize overall financial statement presentation requirements
  • To Identify requirements for discontinued operations and liquidation basis of accounting reporting
  • To recognize when certain balance sheet accounts can be offset
  • To identify presentation requirements for the income statement and comprehensive income
  • To identify the different methods used for statement of cash flow presentation

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA