- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course examines two issues related to the preparation of financial statements. Lesson 1 takes a look at the statement of cash flows, including appropriate form and style, as well as cash flows and other items that should be presented. Lesson 2 discusses the notes an entity may need to include in its financial statements, including various disclosures and common problems.
Course Expiration Date: November 30, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Recognize some of the underlying principles that affect a statement of cash flows, as well appropriate form and style considerations for this type of financial statement.
Identify the appropriate way to address an entitys cash flows from operating, investing, and financing activities on the statement of cash flows.
Determine how noncash investing and financing activities are addressed on the statement of cash flows and what other presentation items may affect the statement.
Identify presentation matters that may affect financial statement notes, how to determine what disclosures are necessary, and how to address the summary of significant accounting policies.
Recognize how to deal with common problems in preparing frequent, general, and other disclosures for the financial statement notes.
Determine how best to disclose information about an entitys financial instruments in the notes.
Recognize how to deal with risks and uncertainties in the financial statement notes.
Lesson 1—The Statement of Cash Flows
Lesson 2—Notes to the Financial Statements