Finance Income Statement: Accounting and Reporting

Income Statement: Accounting and Reporting

43.00 43.00
$43.00
PRICE PER USER
$
X
USERS


=
SUBTOTAL
$
  • Course Delivery: On Demand
  • Credit Hours: 4
  • Credit Type: Accounting

Chat Live | Contact Us | Toll Free: (888) 360-8764

 

Description

Description:
This course addresses income statement accounting and reporting. It discusses a variety of accounting issues surrounding income statement items and related information; the format of the income statement, major income statement categories, extraordinary and nonrecurring items, discontinued operations, research and development costs, deferred compensation arrangements, share-based payment, compensation expense arising under a stock option plan, insurance costs, and earnings per share (EPS) calculation.

Learning Objectives:
1. Identify the differences between a single-step income statement and a multiple-step income statement.
2. Recognize key items of the income statements and how they should be reported.
3. Determine the requirements for extraordinary gains and losses.
4. Understand requirements when reporting discontinued operations
5. Recognize how stock option compensation plans affect the income statement.
6. Compute earnings per share in simple and complex capital structures.
7. Recognize the ASC 220 requirements for comprehensive income.

Topics Covered:

  • Revenue, Expenses, Gains, and Losses
  • Income Statement Formats
  • Nonrecurring Gains or Losses
  • Research and Development Costs
  • Share-Based Payment
  • Deferred Compensation Arrangements
  • Advertising Costs
  • Sales Incentives
  • Insurance Costs
  • Restructuring Charges
  • Costs Associated With Exit or Disposal Activities
  • Website Development Costs
  • Income Statement Presentation Starting with Income from Continuing Operations
  • Discontinued Operations and Related Disposal of Long-Lived Asset Considerations
  • Extraordinary Gains and Losses
  • Earnings per Share
  • Comprehensive Income
  • Disclosures Associated with Operations
  • Personal Financial Statements

 

Category: Accounting and Auditing

Field of Study: Accounting

Delivery Method: Online

Level: Basic to Intermediate

Prerequisite: Basic Accounting

Passing Score: 70%

NASBA: Yes, QAS Self Study

Author: Delta Publishing

ABOUT THE SUBJECT MATTER EXPERT:
Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.

 

Course Objectives

1. Identify the differences between a single-step income statement and a multiple-step income statement.
2. Recognize key items of the income statements and how they should be reported.
3. Determine the requirements for extraordinary gains and losses.
4. Understand requirements when reporting discontinued operations
5. Recognize how stock option compensation plans affect the income statement.
6. Compute earnings per share in simple and complex capital structures.
7. Recognize the ASC 220 requirements for comprehensive income.

 

Topics Covered

Revenue, Expenses, Gains, and Losses
Income Statement Formats
Nonrecurring Gains or Losses
Research and Development Costs
Share-Based Payment
Deferred Compensation Arrangements
Advertising Costs
Sales Incentives
Insurance Costs
Restructuring Charges
Costs Associated With Exit or Disposal Activities
Website Development Costs
Income Statement Presentation Starting with Income from Continuing Operations
Discontinued Operations and Related Disposal of Long-Lived Asset Considerations
Extraordinary Gains and Losses
Earnings per Share
Comprehensive Income
Disclosures Associated with Operations
Personal Financial Statements

 

Regulatory Information

Income Statement - Accounting and Reporting - National Association of State Boards of Accountancy (NASBA)

  • Name:
  • National Association of State Boards of Accountancy (NASBA)
  • Phone:
  • 615-880-4200
  • Fax:
  • 615-880-4290
  • Website URL:
  • http://nasba.org/
  • Email Address:
  • [email protected]
  • Address:
  • NASBA
  • City:
  • Nashville
  • State:
  • TN
  • Zip:
  • 37219-2417
 

Prerequisites

Basic Accounting

 

Subject Matter Expert

Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.

Got questions? Contact us below or call 877-881-2235

Why Choose 360training.com?

  • Fast and easy courses completion
  • Get an education faster than at traditional colleges!
  • 100% online - No classroom attendance required.
  • Unlimited 24x7 online customer support
  • Over 500,000+ certified nationwide.