Description
This course provides an overview of personal financial statements. The accounting guidance with respect to personal financial statements is prescribed by ASC Topic No. 274 ("Personal Financial Statements"). Included within this topic are several subtopics which provides expansive guidance related to recognition, measurement, subsequent measurement, presentation, and disclosures
Learning Objectives
Upon completion of this course, you will be able to:
• Recognize accounting guidance applicable to personal financial statements
• Identify the recognition method used for personal financial statements
• Recognize subsequent measurement requirements for assets and liabilities
• Identify presentation requirements for personal financial statements
• Identify disclosure requirements related to personal financial statements