In this practical webinar, you will learn how business financial transactions are transformed into required financial statements, including balance sheets, income statements and cash flow statements.

Upon course completion, you will be able to:

  • Outline the framework of finance and accounting to describe concepts and principles used to transform financial transactions into financial statements
  • Identify components of each financial statement using sample statements
  • Recognize generic transactions in every company
  • Compare business to personal financial statements
  • Differentiate between
    • Finance vs. Accounting
    • Cash vs. accrual accounting
  • Illustrate debit and credit application in transforming transactions to statements
  • Describe how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
  • Define double entry accounting and determine why it is key to the process of accounting accuracy

Advanced Preparation: None
Program Level: Intermediate
Field of Study: Accounting – Technical

Faculty Member
Carl Young
Carl Young Consulting

Carl Young is the owner of Carl Young Consulting, and is an author, speaker, trainer, consultant, and coach. He is a former CFO of a $275M, high growth technology-based company, former Senior Financial Associate of a major consulting firm, and former CEO of his own small parts manufacturing company. He has over 25 years of senior level business management, finance, and accounting experience. Mr. Young holds an MBA and has completed graduate studies in Accounting and Taxation.

Accounting Credits

Credit Value Field of Study Format

Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550. 

CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.

Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

100% of attendees recommend this webinar

5 out of 5 stars
from 1 customer reviews

Comment

5 out of 5

Great introductory webinar to financial statements.

Nancy F.

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Do the webinars qualify for Continuing Education Credit?

Almost all of our webinars are approved for continuing education credit, including CLE (in all states), CCB, CPE, HRCI, IRS and SHRM credit.  Unlike many providers, we don’t charge you any additional fee to process your credit.  If you have specific questions, please call us at 703-372-0550 or contact us.

Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?

In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.

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$99
per person