Principles of Financial Statement Presentation

  • Accountant
  • CPA/ABV
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • IAP
  • QIAL
  • ACCA
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: May, 2020

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • 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

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:

  • ASC Topic 205, Presentation of Financial Statements
  • ASC Topic 210, Balance Sheet
  • ASC Topic 220, Comprehensive Income
  • ASC Topic 225, Income Statement
  • ASC Topic 230, Statement of Cash Flows
  • ASC Topic 235, Notes to Financial Statements
  • ASC Topic 250, Accounting Changes and Error Corrections

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.

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 the statement of cash flow presentation
  • To differentiate between operating, financing, and investing activities in the statement of cash flows
  • To identify disclosure requirements with respect to an entity’s accounting policies
  • To recognize the requirements regarding changes in accounting principles

Recommended For

  • This online CPE Course is recommended for CPA, CMA, CVA, CIA, and any other Accounting professionals who desire to provide the best accounting services to their clients. 
  • This CPE webinar on Accounting is recommended for CPAs in a business or an entrepreneurial setting
  • This Accounting CPE course is recommended for all the professionals in the accounting domain who desire to implement updated standards and better services.

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

Course Qualification

Webinar Qualifies For

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

Additional details

  • Course Level :
    Basic
  • Credits :
    4
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.org.

Presenter

About Presenter

Kelen Camehl, CPA (US), MBA

Advisor, Kelen Camehl CPA

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ 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 has also remained involved in CPA exam content development for nearly 10 years and has 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 over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX.  Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment.  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.

About Company


Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

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MC

My CPE, CFP (US), CPA (US), CVA

Oct 21st, 2020

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