Principles of Financial Statement Presentation 4 Credits 4 Credits
When first embarking on a journey of the FASB ASC, after the discussion of Generally Accepted Accounting Principles (GAAP) in ASC Topic 105, one of the first overall topics relates to presentation. The primary ASC topics with respect to presentation include, but are not limited to, requirements around the balance sheet, income statement, comprehensive income, statement of cash flows, notes to financial statements, etc. While the presentation requirements are extensive and include many major topics, the focus of this course is on the following ASC topics:
This online CPE webinar on Accounting provides an overview of the key presentation requirements with respect to an entity’s financial statements. It is also broken down into various subtopics to take an inclusive approach. 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).
You might be interested in a Certification course in Forensic accounting.
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 4 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 4 CPE | Eligible |
| Accounting & Auditing for Certified Management Accountants (CMA) | 4 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 4 CPE | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 4 PL | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 4 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 4 CPE | Eligible |
| Association of Chartered Certified Accountants (ACCA) | 4 CPD | Eligible |
| Chartered Accountant - ICAEW | 4 CPD | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 4 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 4 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 4 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 4 CE | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 4 CPE | Eligible |
| Accounting for CIPM | 4 PL | Eligible |
| Chartered Accountants - Ireland (CAI) | 4 CPD | Eligible |
| Chartered Accountants - Scotland | 4 CPD | Eligible |
| CPA - Ireland | 4 CPD | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 4 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 4 CPE | Eligible |
| Accounting & Auditing for Certified Management Accountants (CMA) | 4 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 4 CPE | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 4 PL | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 4 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 4 CPE | Eligible |
| Association of Chartered Certified Accountants (ACCA) | 4 CPD | Eligible |
| Chartered Accountant - ICAEW | 4 CPD | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 4 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 4 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 4 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 4 CE | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 4 CPE | Eligible |
| Accounting for CIPM | 4 PL | Eligible |
| Chartered Accountants - Ireland (CAI) | 4 CPD | Eligible |
| Chartered Accountants - Scotland | 4 CPD | Eligible |
| CPA - Ireland | 4 CPD | Eligible |
Credits
4
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC 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 through its website: www.nasbaregistry.com.
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.
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.
JM
Well written CPE which summarizes the common financial statement presentations. Good length and just enough to get the points made.
MD
good course to refresh financial statement principles
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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 - fastest in the industry.
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