Author : | Jae K. Shim, Ph.D., CPA |
Status : | Production |
CPE Credits : | 5.0 |
IRS Credits : | 0 |
Price : | $49.95 |
Passing Score : | 70% |
NASBA Technical: | Yes |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 604 |
Description : |
This course discusses the accounting, reporting, and disclosures associated with liabilities covered in ASC 210-10-45-5 through 45-12 and 470-10, Balance Sheet: Overall. Topics include 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 : | 2014 |
Version : | 999 |
Prerequisites : | None |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed |
Advance Preparation : | None |
Delivery Method : | Self-Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE) |
Revision Date : | 16-Apr-2014 |
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 - 604 |
Keywords : | |
Learning Objectives : |
Chapter 1
2. Outline the criteria used to account for and disclose gain and loss contingencies. 3. Estimate liabilities and account for different types of loss contingencies. 4. Explain the concept of impairment of loans and restructuring of debt. 5. Properly classify short-term debt expected be refinanced as long-term debt. Chapter 2
2. Apply the methods of bond discount and premium amortization. 3. Describe the accounting procedures for the extinguishment of debt. 4. Explain the accounting procedures for long-term notes payable. 5. Determine loss contingency to accrue for environmental liabilities. 6. Describe how long-term debt is presented. 7. Distinguish among and account for: (1) a loss on loan impairment, (2) a troubled debt restructuring that results in the settlement of a debt, and (3) a troubled debt restructuring that results in a continuation of debt with modification of terms. 8. Explain the reporting of off-balance-sheet financing arrangements. |
Course Contents : | Chapter 1 – Current Liabilities and Contingencies Chapter 2 – Long-Term Liabilities Appendix Annual Report References Glossary |