Financial statement disclosures are important to provide the information necessary for financial statement users to make economic decisions. Disclosures further explain and clarify information provided in the basic financial statements, but also provide critical information about subsequent events, litigation risk, and other concerns. This course focuses on the most common financial statement disclosures for small- or medium-sized nonpublic entities.
Learning Objectives
Upon completion of this course, participants will be able to:
Recall common financial statement disclosures for small- and medium-sized nonpublic entities
Describe critical information useful to financial statement readers for making economic decisions
Explain results of operations through information that supplements the face financial statements
