- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Preparing Financial Statements - Course 2 - Statements of Income and Comprehensive Income (PFSTG172)
This interactive self-study course discusses the statements of income and comprehensive income. Lesson 1 covers form and style considerations for the statement of income; recognizing revenues, expenses, gains, and losses; and items that must be presented separately. Lesson 2 discusses accounting for and reporting pensions, deferred compensation arrangements, other postretirement benefits, and other expenses. Lesson 3 examines accounting for income taxes, reporting comprehensive income, and interim financial reporting.
Course Expiration Date: December 31, 2018
Please note, the grading fee for answer sheets submitted by regular mail is $99.
Identify basic information about the statement of income, components of net income, and the statement of comprehensive income; appropriate form and style for the statement of income; and how to recognize revenues, expenses, gains, and losses.
Determine how to deal with items that are required to be presented separately.
Determine how to account for and report pensions, deferred compensation arrangements, and other postretirement benefits.
Recognize how to account for and report other expenses, such as computer software and advertising costs.
Identify appropriate accounting considerations for income taxes.
Recognize the best methods for reporting comprehensive income and considerations for interim financial reporting.
Lesson 1—Items That Affect the Statements of Income and Comprehensive Income, Part I
Lesson 2—Items That Affect the Statements of Income and Comprehensive Income, Part II
Lesson 3—Items That Affect the Statements of Income and Comprehensive Income, Part III