Financial Accounting Issues

Full Disclosures in Financial Reporting (Updated - 2)

Course Overview
The full disclosure principle, one of major accounting principles, requires that information provided in financial statements be sufficiently complete to avoid misleading users of the reports by omitting significant facts of information. The full disclosure principle also refers to revealing information that would be useful in the decision-making processes of informed users. Full disclosure is required for the fair presentation of financial statements. This course discusses the disclosures required of companies, including those related to accounting policies, segmental information, related parties, contingencies, long-term purchase contract obligations, inflation, and derivatives. Sample annual reports addressing this requirement are illustrated.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Recognize the full disclosure principle and its implementation.
  • Identify the types of major accounting disclosures.
  • Recognize the disclosure requirements for major business segments and related party transactions.
  • Recognize disclosure requirements for derivatives, subsequent events and interim financial reports.


  • Prerequisites/Advanced Preparation:

    Basic Accounting

    Speaker / Author:

    Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.

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    Price (USD)

    Standard: $49.90

    Details

    Course Code : 99DEL29-v2

    Release Date : 05/18/2016
    Expire Date : 09/05/2020
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

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