TEXAS COMPLIANCE PENDING:

Texas requires a class be reviewed by enough students to assign earned CPE credits.  This course is still new enough that we are obtaining the reviews needed.   We recommend Texas CPAs check back soon. This process is usually finished within a few weeks.

Every business has both current and long-term liabilities that must be tracked and recorded. Accounting for Current and Long-Term Liabilities is a course that discusses important characteristics of liabilities and how liabilities are classified and reported in financial statements. This course will identify how to distinguish between current and long-term liabilities. This course will identify what liabilities are classified as current liabilities and what liabilities are classified as long-term liabilities. This course will also provide examples of recording both current and long-term liabilities.

Learning Objectives

At the end of this course, students will be able to:

• Identify the criteria for a liabilities
• Recognize what differentiates a current liability from a long-term liability
• Identify the nature and recording of current liabilities
• Recognize the disclosure criteria for contingent liabilities
• Recognize the recording criteria for payroll and payroll related taxes
• Identify the nature and recording of long-term liabilities

CPE Credit: 2

Level: Intermediate

Instructional Method: Self-Study

NASBA Field of Study: Accounting

Program Prerequisites: None

Advanced Preparation: None