1.50 credits
Accounting for Liabilities
$14.00
Course Description
This interactive self-study course is designed to provide financial professionals, including but not limited to CPAs and PAs, an overview of the accounting complexities related to estimated liabilities and contingent liabilities. The course also explains customer loyalty programs, warranties, and asset retirement obligations. Additionally, the course details GAAP-based recognition and disclosure methods.
Learning Objectives
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Objective 1
- Identify accounting principles related to liabilities.
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Objective 2
- Be able to identify examples of estimated liabilities.
- Recognize liabilities related to economic transactions.
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Objective 3
- Understand customer loyalty programs and obligations related to these campaigns.
- Identify how to account for customer loyalty program liabilities.
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Objective 4
- Recognize valuation methods used when accounting for estimated liabilities.
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Objective 5
- Understand asset reclamation and asset retirement obligations.
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Objective 6
- Recognize valuation methods used when accounting for estimated liabilities.
- Identify examples of estimated liabilities.
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Objective 7
- Recognize liabilities related to economic transactions.
- Identify accounting principles related to liabilities.
- Identify examples of estimated liabilities.
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Objective 8
- Recognize liabilities related to economic transactions.
- Recognize valuation methods used when accounting for estimated liabilities.
Questions? Get some help
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CPE Nation is a registered sponsor on the National Registry of CPE Sponsors. Our Sponsor Identification Number is 138340.
