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Author: |
Christopher J Demaline, CPA, CMA, CFE, MBA |
Course Length: |
Pages: 41 ||| Word Count: 8491 ||| Review Questions: 15 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course focuses on the accounting complexities of estimated and contingent liabilities, including warranties, litigation, and customer loyalty programs.
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Frequently Asked Questions: |
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Description: |
This course focuses on the accounting complexities related to estimated liabilities and contingent liabilities. Customer loyalty programs, warranties, asset retirement obligations and other examples are discussed. GAAP-based recognition and disclosure methods are also presented. |
Usage Rank: |
30000 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Accounting for Current and Long-Term Liabilities - by Andrew Clark (Course Id 2333)
Internal: Accounting CPE Courses for CPAs
External: Liability financial accounting overview
External: International Financial Reporting Standards overview
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
25-Apr-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Accounting for Liabilities - Estimation and Valuation - v16 - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives By the end of this course, participants will be able to:
2. Recognize valuation methods used when accounting for estimated liabilities 3. Identify accounting principles related to liabilities 4. Identify examples of estimated liabilities |
Course Contents: |
Chapter 1 - Accounting for Liabilities Course Learning Objectives Introduction Background. Conceptual guidance related to liabilities Chapter 1: Warranties Overview U.S. GAAP IFRS Hypothetical Example Actual Reporting Example Discussion Conclusion Review Questions Chapter 2: Litigation Overview U.S. GAAP IFRS Hypothetical Example Actual Reporting Example 1 Actual Reporting Example 2 Discussion Conclusion Review Questions Chapter 3: Customer Loyalty Programs Overview U.S. GAAP IFRS Hypothetical Example Actual Reporting Example 1 Actual Reporting Example 2 Discussion Conclusion Review Questions Chapter 4: Gift Cards Overview Hypothetical Example Actual Reporting Example U.S. GAAP Discussion Conclusion Review Questions Chapter 5: Asset reclamation and asset retirement obligations Overview U.S. GAAP IFRS Hypothetical Example Actual Reporting Example Discussion Conclusion Review Questions Chapter 6: Defined Benefit Pensions Overview U.S. GAAP IFRS Hypothetical Example Actual Reporting Example Discussion Conclusion Review Questions Chapter 7: Convertible Bonds U.S. GAAP IFRS Hypothetical Example 1 Hypothetical Example 2 Actual Reporting Example Discussion Conclusion Review Questions Chapter 8: Debt Guarantees Overview U.S. GAAP IFRS Hypothetical Example Actual Reporting Example Discussion Conclusion Review Questions Course Conclusion Glossary |
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