Course Information

Course No:  150721

Course Name:  Principles of Financial Statement Presentation

Field of Study:    Accounting

Course Description:  

This course provides an overview of the key presentation requirements with respect to an entity’s financial statements. This includes a discussion of key principles related to an entity’s overall presentation as well as specific topics with respect to its balance sheet, income statement, comprehensive income, statement of cash flows, as well as notes to the financial statements. The course also addresses the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC).

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

  • Recognize overall financial statement presentation requirements.
  • Identify requirements for discontinued operations and liquidation basis of accounting reporting.
  • Determine when certain balance sheet accounts can be offset.
  • Identify presentation requirements for the income statement and comprehensive income.
  • List the different methods used for statement of cash flow presentation.
  • 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.

Course Material: Online Material

Program level: Overview

Prerequisites: None

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.



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Web CPE is an IRS approved Continuing Education Provider. Our IRS Approved Continuing Education Provider number is YY40T.