Title: | Balance Sheet: Reporting Liabilities |
Category: | Accounting and Auditing |
Field of Study: | Accounting |
Course Code: | A021-0402 |
CPE Credits: | 5.0 |
Price: | $43.95 |
Buy |
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.
Delivery Method: Online Interactive Self Study
Level: Intermediate
Prerequisites: None
Advanced Preparation: None
Policies: Click here
Author: Delta Publishing
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Publication Date: 06/14/2021
Technical Details: Accounting: Technical
For More Detail: Click here
If you are unable to view PDF then right click the mouse and click save link as
Objectives:
1. Recognize basic principles of reporting liabilities on the balance sheet.
2. Identify classification and characteristics of liabilities.
3. Recognize the appropriate rules to account for contingencies.
4. Identify accounting procedures for accounts payable and deferred revenues.
5. Recognize rules for the troubled debt, environmental liabilities, and lessee accounting.
6. Recognize the accounting procedures for bonds payable and notes with no stated rate of interest.
For More Objectives:
Click here
If you are unable to view PDF then right click the mouse and click save link as