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Course Details

Balance Sheet: Reporting Liabilities - 2016 (Course Id 882)

Updated / QAS / Registry   Add to Cart 
Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 3.0
IRS Credits : 0
Price : $29.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing 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 capital 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 : 2016
Version : 1.0
Prerequisites : Basic Accounting.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 16-Jan-2017
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, 2016, cpe, cpa, online course
Learning Objectives :

Chapter 1
Current Liabilities and Contingencies

After completing this chapter, you should be able to:
    Identify classification and characteristics of current and long-term liabilities
    Recognize the appropriate rules to account for different types of contingencies.
    Recognize rules for the troubled debt, impairment of loans, and restructuring of debt.

Chapter 2
Long-Term Liabilities

After completing this chapter, you should be able to:
    Recognize the accounting valuation for bonds at date of issuance.
    Identify the methods of bond discount and premium amortization.
    Recognize the accounting procedures for long-term notes payable.
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 and Held-to-Maturity Securities

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

Extinguishment of Tax-Exempt 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

Accounting Course 882 Home: https://www.cpethink.com/accounting-cpa-courses
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