Common Financial Statement Disclosures

Overview

Financial statement disclosures are important to provide the information necessary for financial statement users to make economic decisions. Disclosures further explain and clarify information provided in the basic financial statements, but also provide critical information about subsequent events, litigation risk, and other concerns. This course focuses on the most common financial statement disclosures for small- or medium-sized nonpublic entities.

Highlights

• General disclosures about the entity and its environment
• Common critical information useful to financial statement readers for making economic decisions
• Explain results of operations through information that supplements the face financial statements

Prerequisites

None

Designed For

Accountants at all levels interested in remaining current with accounting and financial reporting requirements

Objectives

• Discuss common financial statement disclosures for small- and medium-sized nonpublic entities
• Describe critical information useful to financial statement readers for making economic decisions
• Explain results of operations through information that supplements the face financial statements

Preparation

None