This course offers a practical overview of the FASB’s Conceptual Framework for Financial Reporting, giving CPAs a solid grasp of the concepts that guide U.S. GAAP. It covers the purpose of financial reporting, the reporting entity, and the key qualities of useful information. The course also reviews the elements of financial statements, recognition and derecognition criteria, measurement concepts, presentation principles, and the role of notes. Designed for professionals who want lasting, big-picture understanding, this course helps strengthen accounting decisions in a changing standards environment.

Learning Objectives
Upon completion of this course, you will be able to:
•    Explain the primary objective of general purpose financial reporting
•    Identify the key types of information financial statements convey
•    Describe the criteria for defining a reporting entity
•    Recognize the fundamental qualitative characteristics of useful financial information
•    Explain the role of enhancing qualitative characteristics in financial reporting
•    Understand how materiality and cost constraints affect the preparation and use of financial information
•    Identify the key elements of financial statements and how they relate
•    Explain the criteria for recognizing and derecognizing financial statement elements

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/