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Live Webinar

90-minute live streaming program
  • September 29
  • 1:00 - 2:30 pm EST

Reading and Understanding a Statement of Changes in Equity

September 29

Learn how to identify and locate all relevant information regarding equity in an entity’s financial statements.

Many financial statement users focus on an entity’s periodic results of operations and the makeup of its resources and obligations. Equity, meanwhile, is often seen as a single amount to be divided among equity holders in proportion to the amount owned. Due to the use of various types of securities representing equity of an entity, claims are not necessarily divided proportionately.

Each transaction affecting stockholders’ equity may represent a significant change to the rights of an equity holder and the amount of any distributions an equity holder may be entitled to. Understanding information reported in an entity’s financial statements enables a user to interpret what each equity interest represents and to understand the significance of the amounts at which various components of equity are measured on the financial statements.

This material will discuss the various components included in stockholders’ equity, how the priorities are established for each type of equity interest and amounts attributable to the various equity security holders. You will learn how to identify and locate all relevant information regarding equity in an entity’s financial statements. You will be able to read a statement of changes in stockholders’ equity and to interpret disclosures in the context of reported equity.

Learning Objectives

  • You will be able to define stockholders’ equity and the various components of it.
  • You will be able to describe various types of financial instruments included in stockholders’ equity.
  • You will be able to explain the priorities of claims different equity holders are entitled to upon distributions of entity resources or liquidation.
  • You will be able to identify all financial statement elements related to equity and the extent to which requirements have been met.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Understanding Stockholders' Equity
  • Elements of Financial Statements
  • Components of Stockholders' Equity
  • Sources of Increases and Decreases to Stockholders' Equity
Content of Stockholders' Equity
  • Types of Equity Interests
  • Advantages and Disadvantages of Various Equity Securities
  • Recognition and Measurement of Stockholders' Equity Included on the Balance Sheet
Reporting Stockholders' Equity
  • Reporting Requirements Under GAAP
  • Presentation Alternatives
  • Examples of Presentation Alternatives
Disclosures Related to Stockholders' Equity
  • Disclosures Required Under GAAP
  • Evaluating Materiality
  • Alternatives for Providing Disclosures
Reading and Understanding the Reporting of Stockholders' Equity
  • Statement of Changes to Stockholders' Equity
  • Presentation on Balance Sheet
  • Presentation in Supplementary Schedule
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 1.8 including Accounting 1.8
     
  • Lorman Education Services 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. 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. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for CFOs, controllers, accountants, CPAs, tax managers, bookkeepers, business managers and owners, presidents, and vice presidents.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mark E. Dauberman, CPA, EMBA

Mark E. Dauberman, CPA, EMBA

Mark Dauberman Seminars

  • Founder and Chief Executive Officer of Mark Dauberman Seminars, a provider of continuing professional education and staff training for CPAs and other professionals, entrepreneurs, and other participants in the business community
  • Consultant and technical reviewer providing assistance related to practice management and growth, business planning, internal controls, and compliance with standards
  • University instructor on numerous accounting and business topics at both undergraduate and graduate levels at various universities including California State University (CSU) at Northridge, CSU Los Angeles, Loyola Marymount University, and UCLA
  • Lecturer for the AICPA, the California Society of CPAs (CalCPA), the Association of Government Accountants (AGA), and various other professional organizations
  • Author of CCH’s “Knowledge Based Compilations, Reviews, and Preparation Engagements” and responsible for maintaining CCH checklists for engagements performed in accordance with Statements of Standards for Accounting and Review Services (SSARS)
  • Author of numerous articles for California CPA, a periodical of CalCPA on various financial statement topics such as accounting for leases, revenue recognition, variable interest entities, and other topics
  • Member of AICPA, CalCPA, the Association of Certified Fraud Examiners (ACFE), AGA, and the Philippine Institute of CPAs (PICPA)
  • Executive Masters in Business Administration (EMBA), Drucker School of Management at Claremont Graduate University; undergraduate degree in accounting, CSUN
  • Can be contacted at 310-351-6882 or [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407304
Published 2021
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