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 20, 2021
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$40.00!
| Author: | Delta CPE |
| Course No: | ACT-INCOMESTMT-40081 |
| 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.
- Compute earnings per share in a simple and complex capital structures.
- Recognize the ASC 220 requirements for comprehensive income.