QAS Self-Study
Overview
CPE Credits
4 Credits: Accounting
Course Description
When presenting financial statements, there are many key requirements to consider. This course 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 for the financial statements. Other topics covered include the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC).
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Select requirements for disposal transactions to meet held for sale criteria
- Recognize overall financial statement presentation requirements
- Cite requirements for discontinued operations and liquidation basis of accounting reporting
- Identify the different methods used for statement of cash flow presentation
Chapter 2
- Recognize when certain balance sheet accounts can be offset
- Identify disclosure requirements with respect to an entity’s accounting policies
- Recall the disclosures required in the event of substantial doubt of an entity’s ability to continue as a going concern
Chapter 3
- Identify presentation requirements for the income statement and comprehensive income
- Recall when various types of insurance provide reimbursement
Chapter 4
- Recognize the differences between operating, financing, and investing activities in the statement of cash flows
- Cite preferred methods of presentation of an entity’s statement of cash flows
Chapter 5
- Recognize the requirements regarding changes in accounting principles
Course Specifics
|
Course ID 122297681 |
Revision Date September 12, 2022 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ 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 also 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 …
Principles of Financial Statement Presentations
$116.00 – $136.00
QAS Self-Study
Overview
CPE Credits
4 Credits: Accounting
Course Description
When presenting financial statements, there are many key requirements to consider. This course 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 for the financial statements. Other topics covered include the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC).
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Select requirements for disposal transactions to meet held for sale criteria
- Recognize overall financial statement presentation requirements
- Cite requirements for discontinued operations and liquidation basis of accounting reporting
- Identify the different methods used for statement of cash flow presentation
Chapter 2
- Recognize when certain balance sheet accounts can be offset
- Identify disclosure requirements with respect to an entity’s accounting policies
- Recall the disclosures required in the event of substantial doubt of an entity’s ability to continue as a going concern
Chapter 3
- Identify presentation requirements for the income statement and comprehensive income
- Recall when various types of insurance provide reimbursement
Chapter 4
- Recognize the differences between operating, financing, and investing activities in the statement of cash flows
- Cite preferred methods of presentation of an entity’s statement of cash flows
Chapter 5
- Recognize the requirements regarding changes in accounting principles
Course Specifics
|
Course ID 122297681 |
Revision Date September 12, 2022 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ 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 also 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 …
Principles of Financial Statement Presentations
$116.00 – $136.00