University of Illinois at Urbana-Champaign
Accounting Analysis II: Measurement and Disclosure of Liabilities
University of Illinois at Urbana-Champaign

Accounting Analysis II: Measurement and Disclosure of Liabilities

This course is part of Financial Reporting Specialization

Taught in English

Some content may not be translated

Scott Mendoza

Instructor: Scott Mendoza

10,723 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.6

(117 reviews)

Intermediate level

Recommended experience

33 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

Course

Gain insight into a topic and learn the fundamentals

4.6

(117 reviews)

Intermediate level

Recommended experience

33 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

See how employees at top companies are mastering in-demand skills

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This course is part of the Financial Reporting 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

3 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)
Scott Mendoza
University of Illinois at Urbana-Champaign
2 Courses12,676 learners

Offered by

Recommended if you're interested in Business Essentials

Get a head start on your degree

This course is part of the following degree programs offered by University of Illinois at 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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4.6

117 reviews

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LS
5

Reviewed on Jan 21, 2020

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Reviewed on Oct 10, 2020

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5

Reviewed on Aug 9, 2020

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