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| Author : | Jae K. Shim, Ph.D., CPA |
| Status : | Production |
| CPE Credits : | 3.0 |
| IRS Credits : | 0 |
| Price : | $26.95 |
| Passing Score : | 70% |
| NASBA Technical: | Yes |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 882 |
| Description : |
This course discusses the accounting, reporting, and disclosures associated with both current and long-term liabilities on the balance sheet. A liability is a legal debt or obligation that arises during the course of business operations. A current liability, such as accounts payable, is payable within one year. A long-term liability, such as bonds payable, long-term loan, and finance lease, is an obligation that is not due within one year of the date of the balance sheet. This course includes items covered in ASC 210-10-45-5 through 45-12, Balance Sheet: Overall and 470-10, Debt: Overall. Topics cover loss contingencies, compensated absences, termination benefits, troubled debt restructuring, refinancing of current to noncurrent debt, callable obligations by creditors, issuance of bonds, calling debt, imputing interest on noninterest notes payable, environmental liabilities, and offsetting of liabilities. |
| Usage Rank : | 0 |
| Release : | 2019 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Balance Sheet Statement of Financial Position Define Explain
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| Advance Preparation : | None. |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 14-Dec-2019 |
| 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 - NASBA Registry - 882 |
| Keywords : | Accounting, Balance, Sheet, Reporting, Liabilities, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
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| Course Contents : | Chapter 1: Current Liabilities and Contingencies Learning Objectives Current Liabilities Noncurrent Liabilities Chapter 1 Review Questions - Section 1 Fair Value Measurements Fair Value Option for Financial Assets and Financial Liabilities Electing the Fair Value Option Events Instrument Application Balance Sheet Statement of Cash Flows Disclosures Eligible Items at Effective Date Available-for-Sale Debt Securities and Held-to-Maturity Debt Securities Other Consideration Estimated Liabilities and Contingencies Risks and Uncertainties Compensated Absences Deferred Compensation Agreement Accounting For Special Termination Benefits (Early Retirement) Troubled Debt Accounting by Creditors for Impairment of a Loan Troubled Debt Restructuring Impairment of Loans Refinancing Short-Term Debt to Long-Term Debt Callable Obligations by the Creditor Inducement Offer to Convert Debt to Equity Chapter 1 Review Questions - Section 2 Chapter 2: Long-Term Liabilities Learning Objectives Bond Accounting Early Extinguishment of Debt Imputing Interest on Noninterest Notes Payable Exit or Disposal Activities Third-Party Credit Enhancement Environmental Liabilities Disclosure of Long-Term Obligations Fair Value Option for Issued Debt Instruments Commitments Offsetting Assets and Liabilities Presentation of Long-Term Debt Chapter 2 Review Questions Appendix Glossary |
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