This course focuses on the recognition, measurement and subsequent accounting for various types of liabilities. The content includes:
Accounting Analysis II: Measurement and Disclosure of Liabilities
Accounting Analysis II: Measurement and Disclosure of Liabilities
This course is part of Financial Reporting Specialization
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Gain insight into a topic and learn the fundamentals.
4.6
(117 reviews)
Intermediate level
Recommended experience
Flexible schedule
Approx. 33 hours
Learn at your own pace
Progress towards a degree
Skills you'll gain
- Ability to classify and record different types of lease arrangements for both the lessee and lessor.
- Ability to account for current liabilities and contingencies
- Ability to account for long-term debt and bonds
- Ability to account for pensions
- Ability to analyze and interpret the financial impact of different liability transactions on the financial position and performance of a company.
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Assessments
67 quizzes
Taught in English
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This course is part of the Financial Reporting Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 9 modules in this course
In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
What's included
4 videos4 readings1 quiz1 discussion prompt1 plugin
In this module, you will be introduced to the concepts of current liabilities and contingencies. You will learn how to classify liabilities as current or long-term, including consideration of refinancing arrangements. The module also describes the criteria for recognizing and/or disclosing contingencies.
What's included
9 videos2 readings10 quizzes
In this module, you will be introduced to the concept of long-term debt. You will learn about the different types of bonds and how each type results in different accounting, including bonds sold at a premium or discount. The module also explains the recognition of interest and bond extinguishment.
What's included
9 videos2 readings10 quizzes
In this module, long-term debt will be discussed in more detail. Students will learn how to account for other aspects of bond accounting, including bond issue costs, fair value accounting, convertible debt, troubled debt restructuring, issuances between interest dates, and differences between U.S. GAAP and IFRS.
What's included
11 videos2 readings12 quizzes
In this module, you will be introduced to the most recent lease accounting standards issued by the Financial Accounting Standards Board (FASB). Starting with the definition of a lease, this module will discuss features of the model related to both lessors and lessees. It will also illustrate the classification of leases, initial recognition, and subsequent measurement.
What's included
7 videos2 readings8 quizzes
In this module, we continue the discussion of the lease accounting model. You will learn how to account for leased asset purchase options, leased asset residual values, sale leaseback accounting, and the differences between U.S. GAAP and IFRS when accounting for leases.
What's included
9 videos2 readings10 quizzes
In this module, you will be introduced to accounting for pension benefits. We will explore the basic features of accounting for defined benefit plans, including benefit obligations, plan assets, and the components of net periodic benefit cost.
What's included
7 videos2 readings8 quizzes
In this module, you will continue your study of accounting for employee retirement benefits. We will learn how to account for plan amendments and the recognition of pension gains and losses. We will also discuss a comprehensive recognition of pension activities. The module will conclude with a discussion of the major differences between U.S. GAAP and IFRS with respect to pension accounting.
What's included
8 videos2 readings8 quizzes
This module is for you to tell us what you think of the course.
What's included
4 readings1 peer review1 discussion prompt1 plugin
Instructor
Instructor ratings
4.6 (34 ratings)
Offered by
Recommended if you're interested in Business Essentials
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
Yonsei University
ESSEC Business School
Get a head start on your degree
This course is part of the following degree programs offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your coursework can count toward your degree learning and your progress can transfer with you.
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Frequently asked questions
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
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