Common Financial Statement Disclosures

Overview

This course will be available for 90 days from your date of purchase. 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.

Prerequisites

None

Objectives

• Discuss 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

Highlights

• General disclosures about the entity and its environment
• Common critical information useful to financial statement readers for making economic decisions
• Explain results of operations through information that supplements the face financial statements