• Course Information
    4.3 (1094)

    Title: Full Disclosures in Financial Reporting
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A022-0387
    CPE Credits: 2.5
    Price: $24.95
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Description

Description:
The full disclosure principle, one of the major accounting principles, requires that information provided in financial statements be sufficiently complete to avoid misleading users of the reports by omitting significant facts of information. The full disclosure principle also refers to revealing information that would be useful in the decision-making processes of informed users. Full disclosure is required for the fair presentation of financial statements. This course discusses the disclosures required of companies, including those related to accounting policies, segmental information, related parties, contingencies, long-term purchase contract obligations, inflation, and derivatives. Sample annual reports addressing this requirement are illustrated.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 04/12/2022

Technical Details: Accounting: Technical

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Objectives

Objectives:
1. Recognize the full disclosure principle and its implementation
2. Identify information disclosed in the summary of significant accounting policies
3. Recognize common disclosures relating to accounting policies (e.g., revenue recognition, hedges)
4. Identify disclosure requirements for subsequent event, major business segments, related party transactions, risks and uncertainties, and interim financial reporting

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers : CPA, CMA

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