Income Statement - Accounting and Reporting

Course Description

This course addresses income statement accounting and reporting. It discusses a variety of accounting issues surrounding income statement items and related information; the format of the income statement, major income statement categories, unusual and nonrecurring items, discontinued operations, research and development costs, deferred compensation arrangements, share-based payment, compensation expense arising under a stock option plan, insurance costs, and earnings per share (EPS) calculation.

Learning objectives

• a:2:{i:0;s:101:"Identify the differences between a single-step income statement and a multiple-step income statement.";i:1;s:77:"Recognize key items of the income statements and how they should be reported.";}
• a:2:{i:0;s:60:"Determine the requirements for unusual or infrequent income.";i:1;s:62:"Recognize requirements when reporting discontinued operations.";}
• a:2:{i:0;s:70:"Compute earnings per share in a simple and complex capital structures.";i:1;s:60:"Recognize the ASC 220 requirements for comprehensive income.";}

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.