2 CPE This course focuss on the GAAP presentation of the major financial statements. We highlight the concepts in ASC 205 regarding presentation of those financial statements.
Per generally accepted accounting principles (GAAP), companies are responsible for providing reports on their cash flows, profit-making operations and overall financial conditions. There are three major financial statements required under GAAP:
- Income statement
- Balance sheet
- Cash flow statement
Presentation of the Financial Statements in accordance with GAAP is governed by Accounting Standards Codification (ASC) Topic 205. The Standard defines the following as a full set of financial statements:
- Financial position at the end of the period
- Earnings, which may be shown in a separate statement or within one continuous statement of comprehensive income
- Comprehensive income for the period in one statement or two consecutive statements
- Cash flows during the period
- Investments by and distributions to the owners during the period.
Generally accepted accounting principles (GAAP) are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.
Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.
Learning Objectives
- Explore generally accepted accounting principles (GAAP) and the presentation of balance sheet assets, liabilities and equity.
- Explore GAAP principles and the presentation of income through revenue, expenses and net income/loss
- Explore GAAP principles and the presentation of the statement of comprehensive income.
- Explore GAAP principles and the presentation of the cash flow statement including sections of operating activities, investing activities and financing activities.
- Identify the aspects of Accounting Standards Codification (ASC) Topic 205 for presentation of the financial statements in accordance with GAAP.
Last updated/reviewed: March 21, 2024
Included In Certifications
This course is included in the following Certification Programs:
14 CoursesProfessional Bookkeeping Certification
- Bookkeeping: Terminology and Process Execution
- Bookkeeping: Debits And Credits
- Bookkeeping: Cash vs. Accrual
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Legal Entity And Chart Of Accounts
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Responsibilities
- Bookkeeping: Fixed assets and inventory
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Management Internal Control Essentials
- GAAP Principles, Assumptions and Considerations
- GAAP Presentation of Financial Statements
- Bookkeeping Basics – Case Study Scenario
- Useful Bookkeeping Tools
18 CoursesFinancial Statement Preparation, Reporting and Auditing Certification
- Financial Statement Introduction
- GAAP Principles, Assumptions and Considerations
- GAAP Presentation of Financial Statements
- Management Discussion and Analysis (MD&A) Update
- Sarbanes Oxley Overview
- Sarbanes-Oxley Section 302: ICFR
- XBRL (Extensible Business Reporting Language) Introduction to Basics - Updated
- XBRL - Connection to SOX 302/404 and Critical Roles
- Analyzing Financial Ratios - Solvency, Liquidity and Debt
- Analyzing Financial Ratios - Leverage
- Analyzing Financial Ratios - Performance And Efficiency
- Financial Statement Audit in Accordance with GAAS - General Standards
- Financial Statement Audit in Accordance with GAAS - Conducting the Audit
- Financial Statement Audit in Accordance with GAAS - Auditors' Report and Opinion
- Introduction to Accounting for Income Taxes Based on Income
- Practical Application For Accounting For Income Taxes Based On Income Part 1
- Practical Application For Accounting For Income Taxes Based On Income Part 2
- FASB Codification Research System
268 Reviews (1349 ratings)
Reviews
Anonymous
()
This course was a good refreasher on the GAAP requirements for the peparation and presentation of financial statements.
Anonymous
()
Great overview of the financial statement presentation according to the GAAP policies.
Mark Riley
( at Retired)
Very concise summary of topic; crisply presented.
Anonymous
(Project Management Administrator)
I wrote a clear and concise review, but it kept being rejected because it wasn't long enough. So now, I'm just going to type until I get the green light to submit. This was a good course, and I took a lot of notes that I will use in the future. Lots of information provided. I don't think a review is necessary at this time. I don't like that my review must be long enough to complete the course. I don't have much else to say.
Michael Izzo
(Sr Financial Reporting Analyst at Catholic Health Initiatives)
Outstanding overview of GAAP requirements for financial statement presentation. Lynn does a wonderful job keeping the course flowing with an efficient use of time presenting quality information. Check out her ASC 606 certification program and courses for guidance on revenue recognition related to contracts with customers!
Lawrence Hirsch
(Controller at Builders design)
Lynn,
You are doing a phenomenal job as I have achieved another 100% score. That said, I do FS's every month so perhaps I know some of this stuff. I did learn some new things here like the ASC 205 and the nomenclature of "classified" balance sheet.
Thanks again for another outstanding course.
Best,
Larry
Anonymous
(CPA)
I learned from this course the general concepts in the financial statements, including assets, liabilities, and stockholders' equity in balance sheet; income statements and other comprehensive income; operating, investing, and financing activities in cash flow statement; and statement of stockholders' equity.
Anonymous
(Accounting Student)
This course is a good review/summary of GAAP preparation of financial statements. I especially appreciate the reference codes given for Accounting Standards Codification (ASC) and Statement of Financial Accounting Standards (SFAS). This provides direction for researching more information.
Kyle Lottman
(Controller at Columbus Blue Jackets)
I thought that Lynn did a tremendous job in thoroughly explaining the material. It was very informative seeing what all going into the financial statements and how they effect one another. Would recommend this course to anyone looking for a refresher or quick learn of financial statements.
Anonymous
(Sr Accountant Lead)
A good refresher course of the Financial Statements and what is expected from GAAP. Lynn is knowledgeable, a good speaker and organized. I always learn something new from her courses. This is a great course to take for anyone in Accounting or Finance.
Anonymous
(Controller)
This is a great refresher course for financial statements. Some of the components in financial statements are not completed by all companies. Currently, I don't deal with OCI and it was a great reminder of what is in that section of the FS.
Anonymous
(Accountant)
Overall a good course. In Income Statement portion would be great to have some better visuals, like tablets, flow charts. The material is good but it would be easier to digest if there would be an example or screenshot, vs wordy description.
DAvid Beauregard
(Managing Director at Monument Square Advisors)
The course is a good review of the elemental issues of understanding required to manage effectively. Executives without this understanding would not be able to effectively manage their areas of authority or responsibility. DRB
Anonymous
()
Great course that was a good description of the key metrics of GAAP financial statements. I thought the instructor did a great job teaching this material and gave me an overall understanding of GAAP financial statements.
Anonymous
()
The class was great. It taught me the details while remaining high level enough that I stayed engaged throughout. Highly recommend for anyone wanting to learn more about the presentation of GAAP financial statements.
Zachary Lockhart
( at Private Business)
Presenter does a good job. Lots of thoughts expressed, and I noticed a few details were off, but I believe it was just a spoken mistake, and not a fault on behalf of the presenter.
Thank you for the course.
Anonymous
()
Excellent content. This course really did a good job at getting to the meat and potatoes of the content. The content, context, and multiple modes of representation they provide is highly effective and enjoyable!
Anonymous
(Associate Director)
The course provides a great overview of basic financial statement principles under ASC 205. This is not supposed to be all-inclusive or an exhaustive in-depth list. This is the general basic principles.
Anonymous
(Associate Director, CFCC Assurance)
Excellent introductory course on the 3 main financial statements under GAAP. Specifically enjoyed the balance sheet portion - as it covered most of the high level information required for understanding.
Anonymous
(Executive Director, Corporate Controller)
This course provides a good general refresher and overview of presentation of financial statements including balance sheet, income statement, cashflow statement and stockholders equity statement.
Anonymous
(Sr. Treasury Analyst)
This course was an excellent course to discuss the GAAP principles as it relates to the presentation of the balance sheet, income statement, cash flow statement, and statement of owners equity.
Alpha Kakay
(Accounting at Five Guys Enterprise)
The course widens my understanding of GAAP principles relating to financial statement activities. Also understood ASC 205 and its other components relating to Financial statement Presentation
Anonymous
(Auditor)
Great overview of the major topics related to ASC 205. Additionally, great high-level review of the Income Statement, Comprehensive Income Statement, Cash Flow Statement, and Balance Sheet.
Anonymous
(CPA)
Great refresher of core financial statement preparation and presentation concepts. As always, Lynn provides a very clear summary of the essential concepts in an easy to understand format.
Jeffrey Kirsch
(CFO / VP Finance at Kirsch CFO Advisor)
As an active Certified Public Accountant, this course is a good update on presentations of financial statements. Other comprehensive income lecture was particularly good as an update.
Anonymous
()
good summary of the GAAP FS presentation requirements. also showed adequate detail on specific types of balances and transactions. Would recommend this to any accountant as a refresher!
Anonymous
(Accountant)
Lynn does an excellent job of giving an overview of GAAP financial statements. I enjoy her presentation style. She explains each section clearly. I am using this to brush up on GAAP.
Anonymous
(Accountant)
Non-Financial Users would get the most benefit from the course.
Presenter gave indept understanding of the topic. I thought the presentation overall was good for a basic course.
Michael Harper
(Vice President at Full Stop Management)
Excellent course. Really enjoyed learning about the topics presented here. Instructor was wonderful. Would certainly recommend this course to my friends, family, and colleagues.
Anonymous
(Owner)
Excellent presentation and the slides and glossary terms were helpful. No dislikes. Dis an exceptional job detailing the requirements of each section of the financial statements.
Jatin Talreja
(Financial Accounting Consultant at Wells Fargo)
Presentation of financial statements explained in very user friendly manner. The content is really good for beginners who are trying to gain knowledge about financial statements.
Anonymous
()
Excellent overview course of financial statements. You might not learn anything new, but it is a great refresher course with great handout/slide material to be used as reference.
Anonymous
(Sr. Accounting Manager)
This course provided a very nice refresh on overall financial statements and flow of informations through. It is a very useful reminder to anyone who is working in accounting.
Anonymous
(VP of Accounting)
Lynn did a good job explaining GAAP principles and the
presentation of:
• BS
• IS
• Statement of Comprehensive
Income
• CFS
• Identify the aspects of ASC 205.
Anonymous
(Finance and IT Consultant)
Great course and contents. The course provided a good understanding of the items that make the financial statements and the items in in each of the components. Well done!!!
Anonymous
(Senior Accountant)
I liked that this course was quick and easy to follow. Information was presented clearly. I liked having access to the supporting materials such as the slides and glossary.
Cole Holmes
(Auditor at N/A)
Very good in depth look at the preparation of financial statements. This course talks about each section of the financial statements and how they all relate to each other.
Anonymous
()
Good refresher on the preparation and presentation of financial statements. reminder of different requirements that may not be used by non GAAP reporters regularly.
Mahira Sheikh
(Accounting Manager at DLC Group)
Quick recap of each of the three main financial statements. I found the cash flow to be a great reminder as it is most people's most confusing financial statement.
Greg Smith
( at RX Partners, LLC)
I like the way the topics are segregated and how each section is described and comes full circle to give a complete overview of the financial statement preparation .
Anonymous
(Senior Auditor)
Great primer on financial statements! This course will be an excellent source to reference for an overview of what is required in preparing financial statements.
Anonymous
(Director of Accounting)
very helpful intro to the financial reporting output including the connections between each statement. Helpful focus on topics like OCI and non fx/hedging impacts.
Anonymous
(Executive administrator)
Very informative class with lots of good examples and explanations. This class would be good for anyone interested in bookkeeping accounting or business owners.
Parker Forge
(Financial Analyst at Stryker)
This course was a great refresher on Financial Statements, and specifically the Statement of Cash Flows. That statement is an easy one to forget how to prepare.
Megan Fraser
(Advisor at Google)
Great overview, very informative and Lynn was a great presenter! None of it surprised me in any way, a pretty basic overview, but presented in an engaging way.
Anonymous
(General Ledger Supervisor)
This is a good refresher course for financial statements. Lynn did a great job explaining the material. Would definitely recommend this course to my colleagues.
Anonymous
(Financial Reporting Manager)
Good overview of financial statement prep and presentation. Pretty basic if you already understand financial statement accounting. PDF of slide show is useful.
Anonymous
(Director)
The course was very good. The speaker was very good. She provided a lot of inputs and valuable insights. The material was well organized and well structured.
Lynette Ritchie
( at Terra Dynamics Inc)
Very easy to follow and not too detailed overview. Each section was presented with what was most important to include and explanation of what that entailed.
Anonymous
(Accounting Supervisor)
This course was a great refresher on all of the main financial statements. The presenter did a great job of explaining everything in a clear an concise way.
Anonymous
(Director of Accounting)
This is great course to be familiar with the basic concepts of the financial statements under GAAP and importance of understanding key elements of each FS.
Anonymous
(Accountant)
I thought this course was very interesting and helpful. I thought the instructor explained the topic very well. I would recommend this course to others.
Anonymous
(ACCOUNTANT)
I enjoyed the content and speaker very much. The pace of the presentation was great. I was able to understand the information and apply to my daily work.
Anonymous
()
This was a great simple review of topics I learned a long time ago that I needed a refresher on. I appreciated Lynn's clear and concise explanations.
Anonymous
(CPA)
This course was informative. I like that it was short, and I really like to option to read the PDF document as an alternative to watching the videos
Anonymous
(solo)
Great course. Stated learning objectives were met. Program materials were relevant and contributed to the achievement of the learning objectives.
DEBORAH CAYLOR
(Accounting Manager at self)
Easy to understand and well organized information. I like that I can do this in bite size pieces and the instructor is well-versed in the subject.
Anonymous
(Accountant)
Great course, very informative, gave an overview of what is required and the regulations to back up everything and do further research if needed.
Anonymous
()
Well-presented high level summary of GAAP Financials
The presenter is knowledgeable and delivers the information in an understandable manner.
Anonymous
()
Good overview of financial statements. Working for a non-public insurance company, this was useful to keep GAAP principles fresh on th emind.
Anonymous
()
The GAAP Presentation of Financial Statements course is a good refresher of knowledge for accountants on the way statements should be presented.
Johanna Gierl
(SOX at Cisco)
Great back to basics information for those who work with financial statements but are not involved in the preparation or compiling of the data.
Anonymous
()
Extremely concise coverage regarding the presentation of financial statements. Explanatory for those new to it and a good refresher for others.
Anonymous
(Director of Finance)
Good introduction to GAAP and a nice refresher. Good for CPE and making sure you are up to date with all aspects of the financial statements.
Christopher Wilson
( at Dimensional Fund Advisors)
This course provides a good base-level understanding of the financial statements, presentation matters, and how the statements are linked.
Nanxi Peng
(Revenue Accountant at Google)
Great to revisit the concepts, especially the confusing ones like cash flow statement, how to categorize each activity to the 3 category.
Nicole Gordon
( at D&D Ingredients, LLC)
Enjoyed this course on the GAAP presentation of the financial statements. Was good to refresh myself on it and see some of the standards.
Anonymous
()
I like Lynn's presentations. They are very straightforward and easy to understand. I found this GAAP presentation for FS very useful.
Anonymous
(Controller)
Great course; always great to brush up on basics. I appreciate the definitions , which remind you of why you're doing what you're doing.
Aaron Hendrick
(Lead Financial Analyst at Stryker)
Great course! I really enjoyed the videos and supporting materials. The class helped me prepare for the review questions and final exam.
Stephen Alexander
( at ALEXANDER SPENCER KREMER CPA)
I like when classes present the "nuts and bolts" of a topic. This class provides the nuts and bolts of presenting financial statements.
John Ball
(controller at CPP)
This is a simple overview of the FS that acts as a reminder but does not go into any depth - it is more a prelude than a full course.
Anonymous
(Partner)
The course was fine, but basically an introduction into accounting. I was hoping for more of GAAP Vs concept for financial presentation
Anonymous
(Parish Manager)
This definitely helped explain GAAP in relation to the preparation of financial statements much better than the higher level overview.
Anonymous
(-)
interesting and engaging. i found the information gave an insight into GAAP accounting and help me understand the prepartion as well..
Francis Nguyen
(Controller at Zuri Furniture)
Great comprehensive review of financial statements presentation. It highlights the basic set of financial statements required by GAAP.
GREG HALL
(Adjunct Professor at University of Iowa)
Basic course outlining the financial statements required by GAAP. Good refresher of a good starting point for those new to the topic.
Anonymous
(AP specialist)
Good source of information. Really helped to understand the structure of the balance sheet and how to calculate everything on there.
Jack Brown
(Consultant at JB Consulting LLC)
Good course. Informative and useful. Test questions could be a little better covered in the material, but overall meets objectives.
John Bucceri
(Audit Director at Florida Department of Veterans' Aff..)
Does a good job reminding and giving some practice on concepts related to financial statements and their general GAAP requirements.
Anonymous
(Plant Controller)
Liked the class and the presentation. Was interesting because of the fact that I am currently only OPEX at the company I work for.
Anonymous
(Corporate Accountant)
GAAP Presentgation of Financial Statements is a great course. it help us reflesh what we learned from college accounting classes.
Anonymous
(Tax Specialist)
The presentation was easy to understand and follow. The presenter was clear and concise in her teaching. The final exam was fair.
Anonymous
(Private Equity Accountant)
Course was straight forward and to the point. Information was concise and useful. I would recommend this course to my coworkers.
Anonymous
(Accounting Manager)
Instructor was great and provided a great overview to the different financial statements and how to make them comply with GAAP.
Sean Lee
(Accountant at PureFacts Financial Solutions Inc.)
Good GAAP overview,space fillerspace fillerspace fillerspace fillerspace fillerspace fillerspace fillerspace fillerspace filler
Daniel De La Cruz
(Accounting Specialist at Improve YourTomorrow)
Very detailed yet concise information. Having the supporting materials definitely assisted with understanding the foundation.
Bryan Chamberlain
(Controller at N/A)
This course does an amazing job of walking the student through the financial statements in an efficient and effective manner.
Anonymous
(Office Manager)
Thoroughly discussed the topic and covered important aspects of the presentation in multiple ways for complete understanding.
Anonymous
(Senior Accountant)
The cash flow is something I don't personally create and it has nuances that I appreciate highlighted in a course like this.
Anonymous
(IT Advisory Snr. Associate)
This is an interesting and informative training for me. I believe everyone will learn one or two things from this training.
Anonymous
(Senior Accountant)
The course is a nice review for those who already know the material and a good learning tool for those that want to learn.
Mark Eastman
(Accountant at Self)
A bit simplistic in the beginning but later picks up to include some of the more advanced topics around FS presentation.
Anonymous
(Senior Consultant)
Good general overview of the presentation of basic financial statements and how business activity is reflected in them.
Anonymous
(Close & Consolidations Senior Manage..)
Another great overview of the financial statement presentation and requirements for GAAP reporting. Good for beginners.
Anonymous
(Accountant)
This was a very informative course, I enjoyed it. Learning the process and when to use the correct reporting if vital
Anonymous
(Assistant Controller)
This course presents the major financial statements required under GAAP. The materials are well written and organized.
Anonymous
(-)
Another great course for beginners presented by Lynn Fountain! Provides an excellent overview and is easy to follow.
Anonymous
(Corporate Controller)
Very well done and presented. It has a great flow and examples that help with the understanding of what is needed.
Anonymous
(GL Manager)
Good course that provides a basic overview of the presentation of financial statements and what is required by GAAP.
Anonymous
(Church Controller Representative)
I appreciate the additional perspective included in the presentation regarding the Statement of Stockholders Equity.
Anonymous
(Finance and Accounting Consultant)
This is a nice overview course covering the financial statements and other basic topics related to GAAP reporting.
Derek Ettinger
( at GP Fund Solutions, LLC)
Lynn is a wonderful and knowledgeable instructor. I have taken several of her courses and will continue to do so.
Anonymous
(Accountant)
The course added to my understanding of the reports that need to be created and what needs to be on each report.
Anonymous
(CPA, CFE)
Very basic knowledge; helpful to review key points about GAAP financial statements preparation and presentation.
Anonymous
(Controller)
The slides were useful references to understand at a high-level the different financial statements' objectives.
Anonymous
(Director, Financial Shared Services)
The GAAP Presentation of Financial Statements was a good overview, highlighting key concepts for consideration.
Anonymous
(Associate)
This is a refresher course. It was very nicely put together and the reference materials were neatly organized.
Anonymous
(Controller)
The instructor's approach is very straight forward and comprehensive. The material is very easy to understand.
Sean Flynn
(Accounting Manager at Rosemawr Management)
Good course on the Financial Statement fundamentals, well done and good review for the practicing accountant.
Lindsey Dawson
(Accountant at Charter Communications)
Lynn does a great job of presenting the information in a good way. I learned a lot from this presentation.
Anonymous
()
All of the statements were well summarized to gain a good understanding of the overall financial statements.
Anonymous
()
Good refresher on financial statements. Really enjoyed the slides and they are useful tool moving forward.
Eugene Rura
(Manager Finance at Saputo DF USA)
Excellent overview of the financial statements with related guidance referenced and major topics explained
Anonymous
(Assistant Controller)
This is a good refresher on the basics. We do this every day / month but don't give it that much thought!
Anonymous
(Financial Controls & Complia..)
Great overview of material. I enjoyed a refreshed on the basics as well as introductions into new topics.
Anonymous
()
This course was very helpful and provided a good refresher. I highly recommend this course to other CPAs!
Anonymous
(Staff Accountant)
This course provided exactly the subject matter expected. It was a great refresher. Back to the basics.
Anonymous
(Controller)
A great basic course on the presentation of financial statements. Nice refresher as well...………….
Babette Grothe
(Office Manager at Aircraft Turbine Works)
This course has a lot of information, pay attention to details. Great course. Instructor Lynn is great.
Jennie Harris
( at Colegio Bom Jesus)
Good overview of financial statement presentation - covers the 4 main statements, albeit very briefly.
Jacklyn Collins
( at Jacklyn Collins)
Excellent presenter. Knowledgeable on the subject, clear explanations, and examples. Memorable images.
Anonymous
()
Overall great course regarding each of the financials. Would recommend to anyone who needs a refresher.
Shilpa Gupta
(NA at None)
All was good. No more comments . NA
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Anonymous
(Accountant)
I received a better understanding on the preparation of financial statements and when to prepare them.
Ryan Yee
( at Airbnb)
This course was reliably instructive and provided thought provoking questions applicable to my career.
John Kim
(Accountant at Pepsico, Inc.)
It's a great course to take. Easy to follow. I was able to regain all knowledge of GAAP presentation.
Anonymous
()
The course contains plenty of very useful and relevant information, presented in a very clear manner.
Anonymous
(CEO)
Session was well presented and easily understood questions, good content that can be easily followed
Kade Tibbetts
(Transaction Advisory at Intrinsic)
Good review of financial presentation and GAAP principles. Touches on cash flow statement as well.
Ross Connor
( at HVAC Incorporated)
Enjoy this instructor and her classes. Has a calm demeanor and she does well explaining the topics.
Anonymous
(Consultant)
Great presentation of FS preparation. These concepts are good to review even if we do it regularly.
Anonymous
(N/A)
This is an excellent course. The instructor explains the concepts in an easy to understand manner.
Patrick Kearney
( at Xeinadin)
The course while not detailed, gave an insight into the GAAP Presentation of Financial Statements.
Anonymous
(Director Net Revenue)
Great overview of general accounting principles. Comprehensive review of basic accounting concepts
Anonymous
(Assistant Controller)
Very useful course for reviewing the basic financial statements. Thought it was a great refresher.
Anonymous
(Clerical Supervisor 2)
I found this course very difficult; examples were confusing. A lot of information for this course.
Anonymous
()
Nice course refresh on items that you do not think about on the daily. Would recommend for anyone!
Ryan Vandermus
( at Argos Family Office, LLC)
Good course overall for beginners. I would recommend to anyone who is first learning about GAAP.
JIN ZOU
(Senior Accountant at STS Traders)
Very clear review of the GAAP presentation of financial statements. Concise and well organized.
Anonymous
(Revenue Accountant)
This is a really comprehensive review of Financial Statements. It served me well. Thank you.
Anonymous
(Accountant)
Great course. Very easy to follow and the professor is very knowledgeable of the topic at hand.
Anonymous
(Finance Manager)
This was a helpful course that used the allotted time effectively to meet the stated objectives
Anonymous
(Sr. Accountant)
Very thorough explanations of the financial statements. Lots of details that assist with each.
Anonymous
()
Good and straightforward, great refresher of the basics. Materials are clear and easy to read.
Anonymous
(Manger of technical accounting)
very good comprehensive overview for a beginner or anyone that has never prepared a cash flow
I would consider this course to be a bit confusing. Abbreviations make it sometimes confusing
Anonymous
()
Great course. Course presented in a concise format with the adequate amount of explanations.
Anonymous
(Controller)
Good course! Easy to follow and pay attention too. Would recommend that you take this course!
Robert Stellato
( at DS Smith)
I found this to be a very very very refreshing refresher for Financial statement preparation
Anonymous
(Senior Accounting & Reporting An..)
A great refresher on the presentation of the financial statements and the elements involved.
Geraldine Clayton
(Controller at MEI Technologies, Inc.)
Very could basic information related to each of the financials statements required by GAAP.
William Barron
(Auditor Examiner at Georgia Department of Revenue)
An excellent comprehensive review of GAAP requirements for financial statement presentation
Anonymous
(Finance Manager)
The presentation was good and informative and I also liked the easy access to the matrials.
Muhammad Baig
(Managing Director at N/A)
A meaningful recap of basic financial statement concepts in a typical Lynn Fountain manner.
Anonymous
(Accounting Finance Consultant)
This was a concise and practical course, which tackle different issues in an effective way.
Anonymous
()
Great refresher thanks for getting this together. Im out of words for this required review.
Anonymous
(-)
Good overview of GAAP financial statement concepts. Well organized lesson for this topic.
Sophia Kasozi
(- at City of Edmonton)
Very clear and well explained material that can be readily applied to our work. Thank you!
Anonymous
(Financial Analyst)
I enjoyed the course. It was very informative. It had great insight to the balance sheet.
Anonymous
()
excellent review of financial statements presentation. Very clear and easy to understand.
Anonymous
(Auditor)
I was expecting more discussion on what GAAP requires. I will seek out another course.
Anonymous
()
Good presenter but the material is a little rudimentary for an experienced accountant.
Anonymous
()
The course was very informative, glad I took it. Was easy to follow and presented well.
Anonymous
(Consultant)
Great overview of the GAAP basics needed in the presentation of financial statements.
Michael Muchortow
(CPA at Muchortow & Associates)
Course pace was just right and material was presented in an easy to understand format.
Anonymous
()
Good refresher overall but I think the slides could use a touch up and reorganization.
Anonymous
()
the course was informative, it explained codification of the presentation requirements
Anonymous
(Controller)
Great refresher on financial statement preparation. Good information on requirements.
Robert Deptula
( at Floyds 99 Barbershop)
I enjoyed the presentation. It’s a tough one to make lively. But a great refresher!
Anonymous
()
Very detailed and easy to follow! Great examples that help to understand each concept
Roy Singer
( at N/A)
Great course I recommend this to everyone that wants to learn more about this topic
Brett Walker
( at WANRack, LLC)
Course was insightful! this course re-established some of the basic GAAP principles.
Anonymous
(Director of Accounting)
Information presented succinctly, yet in enough detail to be informative and useful.
Chris Fameree
( at Diligence Solutions Group, LLC)
Relatively basic. Would recommend for earlier stage accountants. Good refresher.
Anonymous
()
Great course. Thorough explanations of GAAP presentations of financial statements.
Anonymous
(Controller)
Fundamental refresher course which I enjoyed attempting. Good comprehensive course
Brigette Broughton
(Consultant at DLC Group)
Very informative and detailed presentation. The instructor is very knowledgeable.
Anonymous
(Controller)
Great presentation from Lynn - very helpful for financial statement presentation.
Anonymous
(Property Accounting Manager)
The instructor was clear and concise. I found it easy to follow and understand.
Maxwell Hassenstein
( at NeoGenomics)
A very good, succinct introduction to the presentation of financial statements.
Andrew DeLorme
( at Allscripts)
Really good overall review of GAAP requirements and codifications. Enjoyed it.
Armand Rigual
(Controller at Untuckit LLC)
Great course covering general financial presentation topics. Highly recommend.
Anonymous
()
Informative course covering the elements of GAAP and the requirements under it.
Anonymous
(Consultant)
Great instructor and even better class, this is a good use of time for folks.
Anonymous
(Chief Financial Officer)
Good summary - provides a basis to drill down in the broad concepts presented.
Nadia Miller
(Team Lead Accounting US at Trustpilot Inc)
Great content, was easy to follow, and passed upon my first take on the exam.
Anonymous
()
Great refresher course on GAAP and what that means for the average accountant.
Alexandre MAYER
(Internal Control Officer at N/A)
good to go through those concepts. nice training and good lecturer, as always!
Anonymous
()
Nice course to refresh the concept of GAAP presentation of Financial statement
Anonymous
(Director)
Useful refresher course, delivery by course instructor is clear and concise.
Eric Bade
( at Star Group)
Nice GAAP review of preparation of financial statements. Particularly ASC 205
Anonymous
(Sr. Accountant)
The course is a great overview and fits well with her other courses offered.
Louella Stover
( at On the Go Transportation, LLC)
This is a good representation of GAAP statements. It’s excellent review.
Damon Houterman
(Managing Director at The Jim Pattison Group)
This course was a good summary of GAAP Presentation of Financial Statements.
Sharon King
(Contractor at Self employed)
This was a great refresher course on the 3 basic GAAP financial statements.
Anonymous
(Financial Reporting)
The course was very well laid out and concepts were explained well. Thanks!
Anonymous
(Director Finance)
The flow of the presentation makes sense and easy to follow. Good slides.
Anonymous
(Principal)
this provided a good overview of GAAP presentation of financial statements
Anonymous
(Partner)
ncn.......................................................................
Sarah Nissen
(Compass Consultant at Salo LLC)
Helpful refresher course on the presentation of the financial statements.
Jose Ponce
(Senior Auditor II at CIBC US)
Great discussion and overview of the ASC 205 and GAAP presentation topics
Lance Bisesar
( at Casper Sleep, Inc.)
Simple and quick. Helps on the fundamentals. Overall would recommend.
Greg Levy
( at Skillz)
Great overview of financial statements for anyone who needs to brush up!
Anonymous
(Manager)
Good course, informative and efficient presentation of the information.
Anonymous
(Director)
good basic training on financial statement presentation. no surprises.
Anonymous
(Senior Internal Auditor)
This course was a refresher. I will recommend it to other professional.
Adam Browning
(Senior Accountant at DLC Group)
This course provided a greta overview of financial proccess under GAAP.
Matthew Moyer
(Owner at Matthew L. Moyer)
Very good final presentation of the course and the material available.
Anonymous
()
Very quick and informative refresher course on financial presentation.
Anonymous
(Senior, SEC Reporting)
very helpful in breaking down the basics of GAAP and keeping it brief
Anonymous
()
Good informational course for a refresher. Great for last minute CPE.
Anonymous
(Finance Director)
This course is a requisite course for all accountants and auditors.
Abhilasha Patel
(Manager at RGP)
clear instructions with good examples. good pace. review quiz helps.
Anonymous
(Senior Regional Accountant)
Great course. Found it to be very knowledgeable and well explained.
Anonymous
(Associate)
Good overview of GAAP presentation (for the basics of IS / BS / CFS)
Anonymous
(Assistant Controller)
Great to have this overview of ASC 205. It was a helpful refresher.
Christopher Hole
(Director of Internal Audit at Roseburg Forest Products)
Nice overview of the purpose and structure of financial statements.
Anonymous
(Director - Billing Data Integrity)
I recommend this course for everyone and I find it very informative
Anonymous
(Accounting Manager)
Very good refresher course on the financial statement fundamentals.
Anonymous
(Accountant)
Very good information. Your slides and glossary are very helpful!
JOONGHO CHOI
(CFO at Woori America Bank)
Basic concepts are explained for beginners and easy to undetstand.
Ayiku Momoh, CPA, MBA
( at Pelton Shepherd)
Knowledge and the mode of her presentation. Great refresher course
Anonymous
()
Very informative and great information presented in a clear manner
Alex Blonigan
(Consultant at DLC Group)
Good course that was a good refresher on topics and helpful....
Anonymous
(Owner)
nice basic overview of general concepts for financial statements.
Inna Shmukler
(Controller at Fornetix LLC)
A very good review or refresher course. Informative and consise.
KIM MILLER
( at Miller's Mowing & More)
Very educational webinar. Thank you for allowing me to view it.
Anonymous
(SVP Corp Compliance & Accounting)
This course is a really good intro to GAAP financial statements
Christina Smith
(Senior Controller at Baker Hughes)
Great course and the instructor is very thorough and insightful
Anonymous
()
very good topical overview and set up for more advanced courses
Anonymous
(Accountant)
I find this instructor extremely detailed and clear. Good pace.
Patty Holley
( at HOLLEY FINANCIAL)
good materials, goos topic. have to keep writing to get score.
Anonymous
(Principal)
Good comprehensive review of financial statement requirements.
Anonymous
(Accountant)
Not too short, not too long, hit the important talking points.
Christopher Koyama
( at Koyama)
the gaap preparation of financials was a good refresher course
Anonymous
()
Very detailed financial statement course. Lots of information.
Prashant Shah
(Manager-FP&A at jda)
Good course. I recommend all users to go through this course.
Caleb Lavis
( at Sixth Street)
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Robert Godfrey
(CPA at Robert Godfrey, CPA)
I got more out of this than I imagined I would. Thank you!
Brian Hill
( at Two Hills CPAs, P.C.)
It was a good high level summary of the financial statements
Anonymous
(Director)
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Sean Searley
( at Sean Searley)
Great refresh on GAAP presentation of financial statements.
Anonymous
()
Comprehensive course great for novices and as a refresher.
Anonymous
(Senior Accountant)
Detailed overview of financial statements. Good refresher.
Anonymous
(Senior Accountant)
Very insightful. I would recommend this course to any CPA.
Anonymous
(N/A)
Lots of valuable information. Would recommend to everyone.
Robert Arthur
(President and CEO at Santa Energy Corporation)
Excellent review of GAAP financial statement presentation.
Anonymous
(Accountant)
This was clear and concise, and great refresher for GAAP.
Kathleen Nagle
(Financial Facilitator at Owner)
I have a much better understanding of the FS. Thank you!
Jason Mack
(VP Government Compliance at Jacobs)
Good information for a refresher in financial statements.
Anonymous
(Sr. Associate)
Good overview of the presentation of financial statements
Anonymous
(-)
Very detailed and great examples provided in this course
Anonymous
()
Great job, thank you very much, I really appreciate it.
Lorene Johnson
( at SeaOne Holdings)
Good refresher on the basics of financial statements.
Anonymous
(Auditor)
It was fine, well organized training. Worth your time.
Anonymous
(Client Service Executive)
Meaningful and informative review of US GAAP. Thank you
Anonymous
(Senior Revenue Manager)
I enjoyed the course and found it really informative.
Anonymous
(Chief of Operations)
Good, fast review of all of these topics. Thank you.
Dennis Roberts
(CFO at Dynamic Quest LLC)
Great review content. Clarifies some specific points.
Gayla Sterrett
(HRIS at GPSTRATEGIES)
This course was very informative and well presented.
Syed Kazmi
(Controller at Encompass Capital Advisors LLC)
Nicely explained and easy to understand for students
Nicholas Pierce
( at self)
This is a great overview of the financial statements
Staci Brown
(Director of Finance at Cair Paravel Latin School)
Lynn's courses are always good - clear and concise.
Anonymous
()
Covered the basics in a easy to understand approach
Vinicius Bravo Ferreira
(Senior Manager at World Fuel Services)
Good introduction/overview to financial statements
Anonymous
()
Really great introductory course. Great refresher!
Roxane Wells
(CPA at Stevenson Smith CPA's LLC)
Good overview of financial statement presentation.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Course Questions and Answers1 Question
There are no questions. Answers to Frequently Asked Questions (FAQs)
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
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