QAS Self-Study
Basic
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
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor
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
$145.00 – $175.00
QAS Self-Study
Basic
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
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor
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
$145.00 – $175.00