Master financial statement presentation with a practical, real-world approach. Learn how to evaluate discontinued operations, held-for-sale assets, and major strategic changes affecting financial reporting.
This course provides a structured understanding of financial statement presentation, including statement structure, business components, classification rules, and measurement considerations.
Through detailed examples and case-based learning, learners will identify discontinued operations, apply held-for-sale criteria, and evaluate strategic shifts that influence reporting decisions.
By the end, learners will be able to analyze and present financial data confidently for accounting, finance, reporting, audit, and professional development contexts.
Overview
Syllabus
- Foundations of Financial Statement Presentation
- Understand the structure, components, and comparability principles of financial statements under ASC 205, including key definitions and reporting requirements.
- Understanding Discontinued Operations in Depth
- Analyze discontinued operations, component classification, and ASU updates to evaluate when and how disposals should be reported under US GAAP.
- Held for Sale Criteria Explained
- Apply held-for-sale criteria, assess probability of sale, and measure assets using fair value principles in accordance with ASC 205 and ASC 360.
- Strategic Shifts, Presentation & Application
- Evaluate strategic shifts, multi-period disposals, and apply presentation rules to ensure accurate reporting of discontinued operations.
Taught by
EDUCBA
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