- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course discusses preparing the statement of income, which is one of the basic financial statements, and the statement of comprehensive income.
Course Expiration Date: November 30, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify the statements of income and comprehensive income, the components of net income, and applicable form and style considerations.
Recognize best practices for recognizing revenues, expenses, gains, and losses and dealing with items required to be presented separately.
Determine how best to account for and report on pensions, deferred compensation arrangements, and other postretirement benefits.
Recognize best practices when accounting for and reporting on other expenses.
Determine the best methods to use when accounting for income taxes.
Identify how to address comprehensive income and interim financial reporting.
Lesson 1—Preparing Statements of Income and Comprehensive Income Part 1
Lesson 2—Preparing Statements of Income and Comprehensive Income Part 2