Instructor for this course

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

  • Recognize overall financial statement presentation requirements.
  • Identify requirements for discontinued operations and liquidation basis of accounting reporting.
  • Discover and determine when certain balance sheet accounts can be offset.
  • Identify presentation requirements for the income statement and comprehensive income.
  • Explore and list the different methods used for statement of cash flow presentation.
  • Discover and 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.
Last updated/reviewed: October 07, 2020

1 Review (4 ratings)Reviews

Member's Profile
Lots of information, a bit dry course but you get 4 credits for it which is a plus


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  PDFPrinciples of Financial Statement Presentation