The Balance Sheet ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
Before this course, the preparation of a balance sheet might appear as a routine task, yet its complexity in conveying a business’s financial position is often underestimated. This course acts as a bridge, leading from a basic understanding of balance sheet preparation to a comprehensive mastery of its nuances. After completing the course, participants will have transitioned from general knowledge to an in-depth understanding of various balance sheet formats, asset classifications, and liability types. The course covers the detailed preparation process, including the categorization of current and long-term assets and liabilities, and the proper presentation of equity line items. It also delves into the structure of the statement of retained earnings and the applicability of balance sheet ratios. This transformation is essential for accountants, enhancing their ability to prepare detailed and informative balance sheets, thereby providing a clear and accurate picture of a business’s financial standing.
Highlights
Overview of the balance sheet. Asset line items on the balance sheet. Liability line items on the balance sheet. Equity line items on the balance sheet. Statement of retained earnings. Balance sheet ratio analysis.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
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, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
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 Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00