Cpa Far Usgaap Financial Statements For Profit Entities

General Purpose for Financial Statements for Profit Entities

What you'll learn

Balance Sheet/Statement of Financial Position (ASC 210)

Income Statement /Statement of Profit or loss (ASC 210)

Statement of Comprehensive Income (ASC 220)

Statement of Shareholding Equity (ASC 215)

Statement of Cash Flows (ASC 230)

Consolidated Financial Statement (ASC 810)

Notes to Financial Statement (ASC 235)

Requirements

Basic accounts knowledge is recommended but not required.

Description

Mastering General Purpose Financial Statements for Profit Entities: A Comprehensive GuideThis course is designed to provide you with a thorough understanding of General Purpose Financial Statements for profit entities. Whether you are an aspiring accountant, finance professional, or business owner, this course will equip you with essential knowledge to interpret and prepare financial statements effectively.What You’ll Learn:Balance Sheet/Statement of Financial Position (ASC 210) – Understand asset, liability, and equity classifications.Income Statement/Statement of Profit or Loss (ASC 210) – Learn single-step and multiple-step formats.Statement of Comprehensive Income (ASC 220) – Explore components of other comprehensive income.Statement of Shareholders' Equity (ASC 215) – Examine common stock, preferred stock, retained earnings, and more.Statement of Cash Flows (ASC 230) – Analyze direct and indirect methods and key classifications.Consolidated Financial Statement (ASC 810) – Understand the principles and scope of consolidation.Notes to Financial Statements (ASC 235) – Learn the significance of disclosures and financial transparency.Course Content:Introduction to General Purpose Financial StatementsBalance Sheet: Understanding ASC 210Income Statement: Exploring ASC 255Comprehensive Income: Deep Dive into ASC 220Shareholders' Equity: Examining ASC 215Cash Flow Statement: Analyzing ASC 230Practical Questions on Cash Flow StatementConsolidation of Financial Statements under ASC 810Elimination Entries and Special ConsiderationsNotes to Financial Statements and Key DisclosuresWhy Take This Course?Expert-Led Content – Gain insights from an industry expert with in-depth knowledge of financial reporting.Practical Approach – Includes real-world examples and practice questions to reinforce learning.Comprehensive Coverage – Covers all critical aspects of financial statement preparation.

Overview

Section 1: Overview: General Purpose for Financial Statements for Profit Entities

Lecture 1 Overview: General Purpose for Financial Statements for Profit Entities

Section 2: Balance Sheet/Statement of Financial Position

Lecture 2 Balance Sheet/Statement of Financial Position

Section 3: Income Statement/Statement of Profit or Loss

Lecture 3 Income Statement/Statement of Profit or Loss

Section 4: Other Comprehensive Income

Lecture 4 Other Comprehensive Income

Section 5: Statement of Shareholder Equity

Lecture 5 Statement of Shareholder Equity

Section 6: Statement of Cash flow

Lecture 6 Statement of Cash flow

Section 7: Practice Question on Statement of Cash Flow

Lecture 7 Practice Question on Statement of Cash Flow

Section 8: Consolidated Financial Statement

Lecture 8 Consolidated Financial Statement

Section 9: Special Consolidated and Elimination Checklist

Lecture 9 Special Consolidated and Elimination Checklist

Section 10: Notes to Financial Statement

Lecture 10 Notes to Financial Statement

This course is for accounts professionals, finance students, and anyone with accounts background looking to enhance their skills.