Course Information

Course No:  142221

Course Name:  Income Statement - Accounting and Reporting

Field of Study:    Accounting

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: After completing this section, you should be able to:

  • Identify the differences between a single-step income statement and a multiple-step income statement.
  • Recognize key items of the income statements and how they should be reported.
  • Determine the requirements for unusual or infrequent income.
  • Recognize requirements when reporting discontinued operations.
  • Compute earnings per share in a simple and complex capital structures.
  • Recognize the ASC 220 requirements for comprehensive income.

Course Material: Online Material

Program level: Basic to Intermediate

Prerequisites: Basic Accounting

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   4.0

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