CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

The Income Statement

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

Course Description

The income statement reveals the financial performance of a business, and so should be properly presented in order to convey the most relevant revenue and expense information 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 income statements from several publicly-held companies, in order to show the range of presentation possibilities. As an added bonus, the course describes the presentation of discontinued operations and other comprehensive income.

Learning Objectives

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

Chapter 1

  • Differentiate between the various types of income statements.
  • List the types of information to be included in each type of income statement.

Chapter 2

  • Recognize how noncash expenses can be used in the analysis of an income statement.
  • Note which expenses can be included in the cost of goods sold.

Chapter 3

  • Recognize which expenses can and cannot be allocated to discontinued operations.

Chapter 4

  • Recognize the items that can and cannot be included in other comprehensive income.

Chapter 5

  • Understand the differences between the margins that can be reported on an income statement.
  • Describe the contents of the ratios used to analyze the information in an income statement.

Course Specifics

Course ID
1183474
Revision Date
July 14, 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 Income Statement

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 income statement reveals the financial performance of a business, and so should be properly presented in order to convey the most relevant revenue and expense information 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 income statements from several publicly-held companies, in order to show the range of presentation possibilities. As an added bonus, the course describes the presentation of discontinued operations and other comprehensive income.

Learning Objectives

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

Chapter 1

  • Differentiate between the various types of income statements.
  • List the types of information to be included in each type of income statement.

Chapter 2

  • Recognize how noncash expenses can be used in the analysis of an income statement.
  • Note which expenses can be included in the cost of goods sold.

Chapter 3

  • Recognize which expenses can and cannot be allocated to discontinued operations.

Chapter 4

  • Recognize the items that can and cannot be included in other comprehensive income.

Chapter 5

  • Understand the differences between the margins that can be reported on an income statement.
  • Describe the contents of the ratios used to analyze the information in an income statement.

Course Specifics

Course ID
1183474
Revision Date
July 14, 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 Income Statement

Expert Instructors
Format
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear