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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: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2833 |
| Overview : |
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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 : | 20031 |
| 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. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2833 |
| Keywords : | Accounting, Liabilities, Estimation, Valuation, v16, cpe, cpa, online course |
| 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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