Principles of Financial Statement Presentations FLEXCAST

Overview

Crafting precise and compliant financial statements is a critical challenge faced by finance professionals, who must navigate a maze of requirements and standards. This course addresses this challenge by providing a comprehensive overview of the key principles essential for the accurate presentation of financial statements. Drawing primarily from the FASB’s ASC, it covers vital topics such as balance sheet, income statement, comprehensive income, statement of cash flows, and the requisite notes for financial statements. Additionally, it delves into the specific considerations around changes in accounting principles. This course offers more than just theoretical knowledge; it equips participants with the ability to select, recognize, and recall various requirements and methods essential for presenting financial statements that meet the highest standards of accuracy and compliance.

Highlights

Presentation of financial statements. Liquidation basis of accounting. Income statement. Sections of the statement of cash flows. Notes to financial statements.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

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, and more.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.