- 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)
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