Top Accounting Issues for 2017 CPE Course: Module 2 (Currently Unavailable)

Author: Steven C. Fustolo

CPE Credit:  5 hours for CPAs

This five CPE hour course reviews financial statement reporting: Financial Performance Reporting by Business Enterprises and Consolidation Analysis.

This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.

Publication Date: March 2017

Designed For
CPAs, Tax professionals

Topics Covered

  • Accounting
  • Financial Statement Reporting
  • Comprehensive business reporting model
  • Consolidation guidance prescribed within ASC 810

Learning Objectives

  • Identify some of the 12 recommended principles for the Comprehensive Business Reporting Model
  • Recall the definition of free cash flow
  • Recognize some of the key ratios used to analyze working capital
  • Identify some of the symptoms of inefficiently managed working capital
  • Recognize a key aspect of a VIE
  • Recall situations in which use of combined statements is useful and not useful
  • Identify when a limited partner has a controlling financial interest in a limited partnership under the voting interest model per ASU 2015-02
  • Recognize a key change to the consolidation model made by ASU 2015-02 with respect to a general partner of a limited partnership
  • Identify some of the rights a noncontrolling limited partner might have in a limited partnership

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (5 hours)

Program Prerequisites
Basic knowledge of accounting principles

Advance Preparation
None

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