GAAP Financial Statements (ASC 205-235)


This course will be an overview of: The general requirements for financial statement reporting that are applicable to all reporting entities in accordance with GAAP. Specific GAAP rules with regard to the presentation of the following: (1) the balance sheet; (2) the statement of shareholder equity; (3) comprehensive income; (4) the income statement; (5) the statement of cash flows; and (6) the notes to the financial statements. The SEC accounting rules applicable to the preparation and inclusion of financial statements in the Form 10-K (Annual Report) and the Form 10-Q (Quarterly Report) for those entities subject to such reporting requirements.