Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Understanding P&L: Recognition is a practical CPD course that helps finance professionals develop a clear understanding of how revenues, expenses, gains, and losses are recognized and reported within the income statement. The course explores the accounting principles and judgments that determine when financial events affect reported performance.
Participants will examine accrual accounting concepts, including accrued and prepaid income and expenses, alongside revenue recognition requirements under IFRS and U.S. GAAP. The course also reviews special revenue recognition methods, depreciation approaches, expense classification, and the reporting implications of discontinued operations, accounting estimates, policy changes, and prior-period errors. Through practical examples and application-focused learning, participants gain a stronger understanding of income statement presentation and the accounting decisions that influence profitability and financial performance reporting.
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Key Takeaways
Upon completion of this course, learners will be able to:
- Apply accrual accounting concepts to income statement reporting.
- Understand key revenue recognition principles.
- Account for expenses and depreciation appropriately.
- Differentiate estimates, policy changes, and prior-period errors.
- Evaluate the impact of accounting judgments on reported performance.
Who Will Benefit
This course is designed for professionals involved in financial accounting, reporting, and financial management. It is particularly relevant for financial accountants, finance managers, corporate reporting professionals, auditors, and individuals responsible for preparing and reviewing financial statements who seek to enhance the accuracy, quality, and compliance of financial reporting while strengthening their technical expertise in financial statement preparation and analysis.
How to Access the Course
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Learnsignal is a fully online accountancy and finance training provider, partnering with institutes around the world to deliver expert CPD training and help accountants of all levels upskill and grow their careers. With headquarters in Dublin, and a wealth of heritage in the education and accountancy training industry, Learnsignal have quickly become one of the largest Online Training Providers in the world.