Disclosures are on of the most challenging areas of financial statement preparation and one of the most cited deficiencies in peer reviews. This program tackles the many disclosure requirements with detailed discussions on topic requirements and examples. This is a fast paced course that covers all the major balance sheet accounts, as well as revenue and expenses. Attention is also paid to the Statement of Cash Flows.
Learning Objectives
• Understand the need for focused disclosures
• Identify required areas of disclosure
• Recognize the differences between public company and private company requirements
• Determine the common areas of deficiencies noted in peer reviews and by the SEC
Major Topics
• General requirements
• Balance Sheet, income statement and cash flow
• Stockholders” equity
• Business combination and consolidation
