
Self-Study



Basic



CPE Credits
3 Credits: Accounting
Course 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Identify classification and characteristics of current and long-term liabilities
- Identify contingent liabilities, recognizing 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
- 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 Specifics
Course ID 1173338 |
Revision Date March 11, 2020 |
Advanced Preparation None |
Compliance information
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
$87.00 – $107.00



Self-Study



Basic



CPE Credits
3 Credits: Accounting
Course 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Identify classification and characteristics of current and long-term liabilities
- Identify contingent liabilities, recognizing 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
- 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 Specifics
Course ID 1173338 |
Revision Date March 11, 2020 |
Advanced Preparation None |
Compliance information
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
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.
$87.00 – $107.00