Introduction to Financial Statements and the Environment of Financial Reporting

Course Description

A financial statement is a formal report of the financial activities of a business, person, or other entity. Financial statements are a key component of accounting; the process of communicating information about a financial entity. 

Financial statements are presented in a structured manner with conventions accepted by accounting and regulatory personnel. An entity’s financial statement typically includes four basic components: a balance sheet, income statement, cash flow statement, and statement of changes in equity.

This CPE course is an introduction to financial statements and will highlight:

• What are financial statements
• Why financial statements are important?

This CPE accounting webinar also includes a description of the environment in which they are prepared and used as well as a description of the concept of corporate governance. It will also emphasize the role of financial statements in measuring how well companies have performed on key factors of business success. 

Speaker Jamie Pratt in this CPE course covers the preparation and use of financial statements as well as the accounting methods used in constructing the financial statements.

Major topics covered in this online Accounting CPE webinar:

• The components of a financial statement
• Uses of the financial statement
• Limitations of the financial statements
• Financial statement analyses
• The environment of financial reporting
• The environment of corporate governance

Learning Objectives

• To analyze the components of a financial statement.
• To analyze why financial statements are important and how they are used.
• To discuss the four financial statements and explain how they differ.
• To list the 5 basic questions, in order, that cover the concepts measured by the financial.
• To inspect the environment of corporate governance.

Recommended For

• This accounting CPE course for CPAs is recommended for CPA (US), CMA, CIA, QIAL, IAP, CFE, CVA, ABV, CBA/MCBA, CGFM,  FPAC, CFA, CIPM, CFF, Accountants, Staff of Accounting Firms, and other accounting professionals desiring to learn about the environment of financial reporting.
  

Who Should Attend?

Webinar Qualifies For

• 3 CPD Credit for Accredited in Business Valuation (ABV)
• 3 CPE Credit for Certified Fraud Examiner (CFE)
• 3 CPE Credit for Certified Internal Auditors (CIA)
• 3 CPE Credit for Certified Management Accountants (CMA)
• 3 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
• 3 CPE Credit for Certified Valuation Analyst (CVA)
• 3 CPE Credit for Internal Audit Practitioner (IAP)
• 3 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
• 3 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
• 3 CPD Credit for Certified Financial Forensics (CFF)
• 3 CPE Credit for Certified Government Financial Manager (CGFM)
• 3 PL Credit for Chartered Financial Analyst (CFA)
• 3 PL Credit for Certificate In Investment Performance Measurement (CIPM)
• 3 CRE Credit for Certified Corporate FP&A Professional (FPAC)
• 3 General Credit for Accountant/Bookkeeper (ACCT./BK)
• 3 CPD Credit for Chartered Accountants - ICAEW
• 3 CPD Credit for Chartered Certified Accountants (ACCA)
• 3 CPD Credit for Chartered Accountants - Ireland (CAI)
• 3 CPD Credit for Chartered Accountants - Scotland
• 3 CPD Credit for CPA - Ireland
• 3 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 3 CE Credit for Certified Wealth Strategist (CWS)

FAQs content