CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

The Balance Sheet

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Accounting

Course Description

The balance sheet reveals the financial position of a business, and so should be properly prepared in order to maximize the amount of information conveyed to users. This course assists the accountant by noting the various presentation formats that can be used, as well as the content and description of each line item within the statement. It also discusses sample balance sheets from several publicly-held companies, in order to show the range of presentation possibilities.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify which assets are usually classified as current or long-term on the balance sheet.
  • Note which liabilities are usually classified a current or long-term on the balance sheet.
  • Recognize the steps required to manually construct a balance sheet.

Chapter 2

  • Note the types of assets that can be classified into each of the major asset categories.

Chapter 3

  • Recognize the different types of liabilities that may appear on the balance sheet.
  • Cite the decision points related to how a loan should be classified if the lender can call the loan.

Chapter 4

  • Describe the proper presentation of each equity line item on the balance sheet.

Chapter 5

  • Describe the structure of the statement of retained earnings.

Chapter 6

  • Note the instances in which different balance sheet ratios may apply to a business.

Course Specifics

Course ID
1183473
Revision Date
July 9, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

The Balance Sheet

Expert Instructors
Format
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Accounting

Course Description

The balance sheet reveals the financial position of a business, and so should be properly prepared in order to maximize the amount of information conveyed to users. This course assists the accountant by noting the various presentation formats that can be used, as well as the content and description of each line item within the statement. It also discusses sample balance sheets from several publicly-held companies, in order to show the range of presentation possibilities.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify which assets are usually classified as current or long-term on the balance sheet.
  • Note which liabilities are usually classified a current or long-term on the balance sheet.
  • Recognize the steps required to manually construct a balance sheet.

Chapter 2

  • Note the types of assets that can be classified into each of the major asset categories.

Chapter 3

  • Recognize the different types of liabilities that may appear on the balance sheet.
  • Cite the decision points related to how a loan should be classified if the lender can call the loan.

Chapter 4

  • Describe the proper presentation of each equity line item on the balance sheet.

Chapter 5

  • Describe the structure of the statement of retained earnings.

Chapter 6

  • Note the instances in which different balance sheet ratios may apply to a business.

Course Specifics

Course ID
1183473
Revision Date
July 9, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

The Balance Sheet

Expert Instructors
Format
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear