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: November 23, 2020

7 Reviews (21 ratings)Reviews

Member's Profile
Overall good course. Thought it would delve a little deeper into the financial statements but a good refresher course as the presentation that go into some of the financial statements on a rule basis.
Member's Profile
Good material. Covers the main topics related to presentation. I would suggest using slides/video as opposed to only a PDF material
Member's Profile
Packed full of information although probably not real exciting, unless you are a hard-core accountant.
Anonymous Author
This is a course about the basics of finance statement presentation, just as described.
Anonymous Author
Materials are well laid out and logical. Highlights key components of these standards
Member's Profile
Detailed and specific. Good refresher for GAAP presentation of financial statements.
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