Income Statement and Financial Analysis Under GAAP
Author: Spidell Publishing, LLC
This course presents the format and the major components of an income statement including comprehensive income, reporting considerations, interim financial reporting, and required disclosures for an entity’s operating segments. Additionally, revenue and expense recognition areas are discussed. The course also includes a comprehensive discussion of accounting for income taxes including sample problems that show the step-by-step calculation of deferred tax liabilities and deferred tax assets. The course closes with a discussion of tools useful in analyzing income statements including financial ratios that analyze an entity’s solvency, operating efficiency, and profitability are listed and explained. A separate section of the last chapter is devoted to the important financial ratios of basic and diluted earnings per share. The text provides both a narrative discussion and sample problems to assist in understanding earnings per share.
With this 7-hour course you will:
- Get a 128-page PDF manual
- List the main components of an income statement
- Identify the items that are generally included in other comprehensive income
- Recognize the revenue recognition model
- Identify the accounting and reporting basics for temporary differences between taxable income and pretax financial income
- Evaluate uncertain tax positions
- Determine the financial ratios used to analyze an entity’s solvency, operational efficiency, and profitability
- Identify basic and diluted earnings per share, as well as their presentation in the financial statements
| Designation | CPE Hours |
|---|---|
| CPA | 7 Accounting |
Course level: Basic
Basic accounting experience.
Want to order by phone? Call us at: (800) 277-2257
Spidell Publishing, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 7 hours of continuing education for the California Board of Accountancy. Basic Level. Field of Study: Accounting. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. Prerequisite: Basic accounting experience.
