CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Balance Sheet: Reporting Liabilities

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
5 Credits: Accounting

Course Description

A liability is a legal debt or obligation that arises during business operations. A current liability, such as accounts payable, is payable within one year. A noncurrent liability, such as bonds payable, long-term loan, and finance lease, is an obligation that is due in over a year. This course discusses generally accepted accounting principles (GAAP) for reporting both current and noncurrent liabilities on the balance sheet.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize basic principles of reporting liabilities on the balance sheet
  • Identify classification and characteristics of liabilities
  • Recognize the appropriate rules to account for contingencies
  • Identify accounting procedures for accounts payable and deferred revenues
  • Recognize rules for the troubled debt, environmental liabilities, and lessee accounting
  • Recognize the accounting procedures for bonds payable and notes with no stated rate of interest

Course Specifics

Course ID
1213455
Revision Date
June 21, 2021
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Balance Sheet: Reporting Liabilities

Expert Instructors
Format
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
5 Credits: Accounting

Course Description

A liability is a legal debt or obligation that arises during business operations. A current liability, such as accounts payable, is payable within one year. A noncurrent liability, such as bonds payable, long-term loan, and finance lease, is an obligation that is due in over a year. This course discusses generally accepted accounting principles (GAAP) for reporting both current and noncurrent liabilities on the balance sheet.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize basic principles of reporting liabilities on the balance sheet
  • Identify classification and characteristics of liabilities
  • Recognize the appropriate rules to account for contingencies
  • Identify accounting procedures for accounts payable and deferred revenues
  • Recognize rules for the troubled debt, environmental liabilities, and lessee accounting
  • Recognize the accounting procedures for bonds payable and notes with no stated rate of interest

Course Specifics

Course ID
1213455
Revision Date
June 21, 2021
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Balance Sheet: Reporting Liabilities

Expert Instructors
Format
CPE CREDITS
5 Credits: Accounting

$145.00$175.00

Clear