The Income Statement ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
Crafting a clear and informative income statement is a common challenge faced by accountants. This course addresses the problem by guiding participants through the complexities of various income statement formats and content descriptions. It agitates the issue by emphasizing the need for accurate and comprehensive representation of a business’s financial performance. The solution is provided through detailed instructions on presentation formats, discontinued operations, and other comprehensive income, along with real-world examples from publicly-held companies. This course equips accountants with the skills to produce insightful income statements that truly reflect the financial health of a business, thereby enhancing their proficiency in financial reporting.
Highlights
Overview of the income statement. Revenue and expense presentation of the income statement. Discontinued operations. Comprehensive income. Income statement ratio analysis. Rationales.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Differentiate between the various types of income statements. List the types of information to be included in each type of income statement. 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. Recognize which expenses can and cannot be allocated to discontinued operations. Recognize the items that can and cannot be included in other comprehensive income. 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.
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