Preparing Financial Statements and Analysis

Principles of Financial Statement Presentation - Topic 200 v2.0

This course provides a general overview of the accounting and reporting requirements with respect to segment reporting. The accounting and reporting guidance related to segment reporting is prescribed by the Financial Accounting Standards Board (FASB ) in ASC Topic 280. This course focuses on topics such as the identification of the chief operating decision maker (CODM ), the determination of operating segments, and the determination of reportable segments. This course also provides information on disclosure requirements for both reportable segment and entity-wide.

Learning Objectives:

  • Recognize overall financial statement presentation requirements.
  • Identify requirements for discontinued operations and liquidation basis of accounting reporting.
  • Identify when certain balance sheet offsetting is permissible.
  • Identify presentation requirements for the income statement and comprehensive income.
  • Differentiate between the presentation methods of the statement of cash flows.
  • Differentiate between operating, financing, and investing activities in the statement of cash flows.
  • Identify disclosure requirements with respect to an entity's accounting policies.
  • Recognize the requirements regarding changes in accounting principles.
  • Describe the disclosures required in the event of substantial doubt of an entity's ability to continue as a going concern.


Prerequisites/Advanced Preparation:

Basic Knowledge of Financial Reporting.


Speaker / Author:

Kelen Camehl is a CPA with over 14 years of progressive finance and accounting experience. Currently, he serves as a technical accounting advisor with HP. Prior to this role, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

Kelen has remained actively involved in CPA exam content development for the past seven years and has authored in excess of a thousand multiple choice questions for sections of the exam, attending workshops with the AICPA across the country each year. He serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy", as well as both an author and technical reviewer for Continuing Professional Education (CPE) courses published by the AICPA, Wolters Kluwers (CCH), and PDH Academy. He also contributes to CPE course development for SmartPros.

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Price (USD)

Standard: $74.85

Details

Course Code : 99CAM01-v2

Release Date : 02/01/2022
Expire Date : 02/29/2024
Credits :
CPE 3.00
QAS 3.00

Length : 2hr 30min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Preparing Financial Statements and Analysis

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