• Course Information

    Title: Classification and Accounting for Debt and Equity
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A021-0655
    CPE Credits: 4.0
    Price: $34.95
    Buy

Description

Description:
This course is comprised of 6 videos. It begins by discussing the concept of classification and its important role on the financial statements, and then moves into coverage of the company's two primary forms of financing: debt and equity. The financial statements and the footnotes of the companies featured in this course include General Motors, Volkswagen (an IFRS user), Amazon, Home Depot and Panera.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Policies: Click here

Course Details

Author: James Pratt

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 08/11/2021

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

Objectives:
1. Identify the key measurement issues addressed by the financial statements and how the current classification is used.
2. Recognize the concept of a contingent liability and how contingencies are accounted for.
3. Recognize what a bond is and how bond issuances are accounted for using the effective interest method.
4. Recognize how the effective interest method is used to account for bond investments and how management's intention determines how changes in bond market values are accounted for.
5. Identify the difference between short-term and long-term (financing and operating) leases and how both kinds of leases are reflected on the financial statements of the lessee.
6. Recognize the shareholders' equity section of the balance sheet and describe the transactions leading to each line item within that section.

For More Objectives: Click here

If you are unable to view PDF then right click the mouse and click save link as

Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers : CPA

Start Saving on Your CPE Today!

Join MasterCPE

Confirmation

Yes   No