4 CPE 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.
- Identify and list the different methods used for statement of cash flow presentation.
- Explore 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 28, 2022
82 Reviews (378 ratings)
Reviews
Anonymous
(Controller)
This provides a great resource for some of those topics that we don't deal with day-to-day. I appreciate the examples that are provided in this class.
Anonymous
(Controller)
The material was easy to follow and well organized. It also provided sufficient background to understand the concepts.
Anonymous
(Senior Accountant - Finance Site Lead)
I liked being able to review this course anywhere - it being in PDF form made it easy to review anywhere I was sitting still. I plan to use it as a quick reference guide in the future. The section where it's said that the direct cash method is encouraged was confusing for me when reviewing it with the review questions. Either it's an ideal preference or it's not.
Anonymous
()
Good in-depth information regarding financial statements and some more difficult areas to understand, such as change in accounting principal, liquidation basis, and discontinued operations. Information is further supported by using clear examples and additional support straight from the codification and a reputable public accounting firm.
Anonymous
()
Great course - really thorough handout/write-up that is easy to read and understand. Everything in the review questions and final exam is covered in detail within the handout. Good course to review recent changes to financial statement reporting standards as well!
Anonymous
(Corporate Controller)
this write-up course was a lot better than what I expected. It was very well written and easy to follow. It contained a lot of good information pertaining to various financial statement topics that are relevant to today. Good read!
Emily Jackson
( at Self-Employed)
Excellent content. This course really did a good job at getting to the meat and potatoes of the content. The content, context, and multiple modes of representation they provide is highly effective and enjoyable!
Erin McCorry
(Accounting Manager at Ascend Wellness Holdings)
This was a good recap of financial statement presentation for those of us who don't necessarily work in FS preparation but need to understand the ins and outs and guidance behind different company operations.
Anonymous
(Accounting Manager)
This was a great course that went over presentation and disclosures for unique events like liquidation and changes in accounting principles. The material in the PDF was extremely helpful for the final exam.
Joshua Bourquard
(Accounting Manager Financial Reporting a.. at TPx Communications)
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.
Rodney Troyer
( at Wayne Garage Door)
A good overview of financial statement presentation. As a former auditor who hasn't done this kind of work in several years, it was good to brush up on some of the various disclosures required.
Anonymous
(Finance Consultant)
This is a material I will save and consult going forward. It lays out nicely the important aspects to financial statement presentation acccording to the regulatory framework.
Anonymous
(Associate Director)
Course is a great foundational overview of financial statement presentation. This is a great course for people who need a good foundation for their first few FS preparation.
Anonymous
(Controller)
For this particular content, I preferred written text since it will be a great resource to refer back to over time. I liked the illustrative examples and articles included.
Anonymous
()
This course was very helpful in reviewing some of the most important aspects of financial statement presentation. I appreciated the layout and it did not feel hard to read.
Anonymous
(Assistant Controller)
This is a very good course for CPA, auditor and anyone who are interested in finance and accounting sector. The supporting material are very detailed and comprehensive.
Brian Meister
(- at International Hillel)
THis course is a challenging and relevant course - principles that can be applied to everyday work. difficult to self study but nice to reference materials.
Anonymous
(Partner)
Easy to follow along and applicable. Anyone needing auditing and attesting CPE should take this course. It is easy to understand, and I'm glad I took it.
Anonymous
(Consultant)
Great Course! A good overview of the financial statement presentation. Great examples of various disclosures required under different circumstances.
Anonymous
()
This provided me with an overview of the key items that need to be included on a financial statement and what to do when there are accounting changes.
Anonymous
(CFO)
Brings up new items in the financial statement presentation that we haven't considered before. This will help ensure fewer questions at audit time.
Anonymous
(Private Equity Accountant)
Very informative and useful information. This was my first text course and all the information needed was provided fairly in the text document.
Anonymous
(Controller)
Very thorough discussion on the topic. It would be helpful for those who prefer to read or search through text as opposed to watching videos.
Anonymous
()
This was a good overall course. The self study feature was convenient and allowed you to focus on areas that one is not familiar with.
Anonymous
(Senior Lean Development Officer)
Excellent course - broad in scope, detailed, up to date, and makes the reader focus on the content to better understand the content.
Vinicius Bravo Ferreira
(Senior Manager at World Fuel Services)
Good material. Covers the main topics related to presentation. I would suggest using slides/video as opposed to only a PDF material
Anonymous
(Accounting Manager)
The text was actually easy to consume yet very insightful and well laid out. It was very helpful in completing the exam at the end.
Anonymous
(Finance Director)
A lot of information is presented in an understandable format. The inclusion of review questions in the material is appreciated.
Thomas Foster
(member at Foster & Company, LLC)
Well written I prefer text based instruction as it provides a good reference for future use.
Anonymous
()
This has a lot of useful information; however it did not include a lot of the basics so it might not be good for a beginner.
Juan Calderon
(Auditor at Driven-Audit PSC)
I consider that the material and question included in handout is very clear and excellent to understand the course.
Anonymous
()
While video courses are simpler, it is refreshing to find a course with comprehensive written learning materials.
Anonymous
(Vice President)
Great content, great to refresh the knowledge and understand the principles of financial statement presentation.
Anonymous
(Assistant Controller)
Good refresher on all these various topics! Lots of good information related to disclosures and relevant topics.
Anonymous
(Controller)
Great course with a great inclusive writeup. Very helpful to use for reference as it covers a lot of material.
Anonymous
()
Comprehensive, well written course on financial statements, touching on most of the unique circumstances.
Anonymous
()
It was well written and contained a significant amount of information. The author is obviously articulate.
Muhammad Baig
(Managing Director at N/A)
An insightful recap of presentation of financial statements, with updated codification was quite helpful.
Sarah Khalil
( at Ridgewell Financial)
This course was wonderfully written and I learned a lot. I cannot wait to take more courses like this one.
Anonymous
()
This course was very helpful and provided a good refresher. I highly recommend this course to other CPAs!
Christopher Madsen
(Manager/Corporate Planning at Southwest Gas Corporation)
Packed full of information although probably not real exciting, unless you are a hard-core accountant.
Kimberly McLamb
( at Kimberly McLamb, CPA)
Concise and easy to follow course on updates to financial statement presentation, very appreciated!
Anonymous
()
Very interesting course. Some of these topics are ones that I haven't touched on in quite a while.
Anonymous
()
The course was easy to follow. It covered a great deal of material, and was a great refresher.
Laura Irwin
(Senior of Technical Accounting and SEC R.. at ZoomInfo)
self-guide was concise and educational - I enjoyed having the ability to self-pace the course
Julia Kramer
(Financial Behavior and Leadership Consul.. at Signature Financial Planning)
The text was clear and definitive and the examples helped to solidify the knowledge I gained
Anonymous
()
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Anonymous
()
This is a course about the basics of finance statement presentation, just as described.
Susan Nielsen
( at MasterControl)
Very thorough and condensed text content. I appreciated the format and digestability.
Anonymous
(Program Manager - Net Revenue)
Materials are well laid out and logical. Highlights key components of these standards
Anonymous
(Owner)
I thoroughly enjoyed this course and would recommend it to any business professional.
Maddison Lopez
(Finance Manager at KB Home)
Detailed and specific. Good refresher for GAAP presentation of financial statements.
Anonymous
()
Text was broken up into clear sections. Good refersher for technical presentation.
Christopher DiVincenzo
( at Seattle Fish Company, LLC)
Detailed content. Content provided adequate examples on F/S statement presentation.
Brenda DeMott
(Accounting Supervisor at Battle Creek Public Schools)
Excellent course. So much detail and is good reference material to have available.
Marina Bisker
(Manager at Self Employed)
Lots of information, a bit dry course but you get 4 credits for it which is a plus
Locksley Simmons
( at Merrill Lynch)
Very good overview and great references in PDF. Always good to review the basics.
Lance Bisesar
( at Casper Sleep, Inc.)
Informative and concise. Helped with material for current and future disclosure.
Anonymous
(Chief Financial Officer)
Pretty good review of information, just keep in mind all the material is printed.
Ryan Yee
( at Airbnb)
Great course, very informative and an awesome refresher on these basic principles
Anonymous
(Chief of Operations)
Good, focused guidance on certain topics. Some I knew and other things were new.
Anonymous
(Principal)
instructor did a good of clarifying some financial statement presentation topics
Derek Ettinger
( at GP Fund Solutions, LLC)
Very comprehensive and well-organized guide. Excellent future reference guide.
David Fisher
( at Toledo Zoological Society)
I really liked this course. Material was clearly presented and laid out well.
Anonymous
()
The information was presented in a clear format that was easy to read through.
Anonymous
(Senior Accountant)
I would recommend this course to any CPA who is working on their CPE credits.
Anonymous
(Financial Manager)
Thanks for Principles of Financial Statement Presentation (Text Based Course)
Anonymous
(Accountant)
Great course, clear and concise, would recommend others to take this course
Anonymous
()
This was a helpful review of financial statement presentation - thank you
Anonymous
()
Really great, comprehensive course. Especially for a pretty dense topic.
Anonymous
(Director)
Good refresher course on financial statements presentation principles.
Inna Shmukler
(Controller at Fornetix LLC)
Lost of information. It is a great summary of a very critical aspects.
Anonymous
()
Clear and complete course. Examples were helpful and easy to follow.
christina sparano
( at blockchain.com)
Good refresher on cash flows and change in accounting principles
Anonymous
(Consultant)
Great course for CPE coming from a real CPA. I like the format.
Anonymous
(Finance Director)
A well written, detailed course providing excellent examples!
Anonymous
(CEO)
Great course. Attached pdf was great and easy to understand.
Syed Kazmi
(Controller at Encompass Capital Advisors LLC)
All concepts are explained in detail and understandable.
Anonymous
(Senior Revenue Manager)
I enjoyed the course, and I found it very informative.
Anonymous
(CFO)
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Anonymous
(Senior Consultant)
Great refresher and update of ASU and PCAOB principles.
Anonymous
(Sr. Manager, Hotel Accounting)
This course was very informative and a great refresher!
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
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
.
Kelen CamehlCPA, MBA
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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