Financial Statement Disclosures- Common to Private Entities

Learning Objectives

• List common financial statement disclosures for small- and medium-sized nonpublic entities.
• Describe critical information useful to financial statement readers for making economic decisions.
• Explain the results of operations through information that supplements the face financial statements.

Course Description

Financial statement disclosures play a vital role in furnishing essential information for users to make informed economic decisions. They not only elucidate and elaborate on the data presented in the basic financial statements but also offer crucial insights into subsequent events, litigation risks, and other pertinent matters.

This CPE Course will cover key topics such as fair value measurements, crypto asset holdings, debt securities, income taxes, revenue recognition, contingent liabilities, equity transactions, and going concern uncertainties. Understand the nuances of financial reporting standards and learn practical approaches to ensure compliance and accuracy in financial disclosures.

This course provides a structured approach to navigating complex financial reporting requirements, equipping professionals with the knowledge and skills necessary to excel in their roles. Enhance your understanding of financial statements, disclosures, and reporting practices, empowering you to effectively make informed decisions and mitigate risks.

Join us to elevate your accounting and disclosure expertise and gain a competitive edge in today's dynamic business environment. This course will unlock new opportunities for professional growth and advancement.

Key topics covered:

• Fair value measurements and disclosures
• Crypto asset holdings impact on financial statements
• Income taxes in financial reporting
• Revenue recognition complexities
• Equity transactions and securities disclosures
• Going concern uncertainties

Dive into the world of CPA CPE courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!

Overview

• Statements of financial accounting concepts

  3 mins
• General presentation requirements

  12 mins
• Accounting changes and error correction

  25 mins
• Annual disclosures - As applicable

  41 mins
• Indefinite-lived intangibles special disclosures

  54 mins
• Available-for-sale debt securities presentation

  68 mins
• Nonmonetary transactions

  87 mins
• Related party transactions

  99 mins