CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Principles of Financial Statement Presentations

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 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
1163445
Revision Date
August 26, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat 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. Kelen is …

Kelen Camehl, CPA, MBA Read More »

Principles of Financial Statement Presentations

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 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
1163445
Revision Date
August 26, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat 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. Kelen is …

Kelen Camehl, CPA, MBA Read More »

Principles of Financial Statement Presentations

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear