Income Statement: Accounting and Reporting
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, unusual 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.

Course Publication Date: July 26, 2017

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $40.00!

Author:Delta CPE
Course No:ACT-INCOMESTMT-40087
Recommended CPE:4.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
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Learning Objectives
  • Identify the differences between a single-step income statement and a multiple-step income statement.
  • Recognize key items of the income statements and how they should be reported.
  • Determine the requirements for unusual or infrequent income.
  • Recognize requirements when reporting discontinued operations.
  • Recognize how stock option compensation plans affect the income statement.
  • Compute earnings per share in a simple and complex capital structures.
  • Recognize the ASC 220 requirements for comprehensive income.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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