This course covers the FASB Conceptual Framework for Financial Reporting, providing CPAs with a clear understanding of the principles that form the basis of U.S. GAAP. The course reviews the objective of financial reporting, the reporting entity concept, and the key qualitative characteristics of useful financial information. It explains the elements of financial statements along with recognition and derecognition criteria. It also covers measurement and presentation guidelines, as well as notes to the financial statements. This course is designed to give professionals lasting knowledge that remains relevant beyond frequent updates and supports effective accounting decisions.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify the primary objective of general purpose financial reporting
•    Recognize the types of information financial statements are intended to convey
•    Distinguish the limitations inherent in financial reporting
•    Determine the criteria used to define a reporting entity
•    Identify the fundamental qualitative characteristics of financial information
•    Recognize the enhancing qualitative characteristics and their impact on financial reporting
•    Differentiate between relevance and faithful representation
•    Determine the effect of materiality on financial information relevance

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. 

A course evaluation form is provided for your feedback, upon course completion. Participants have 1 year from the date of purchase/enrollment to complete this course 

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/