U.S. GAAP: Liabilities and Leases

Instructor: Kelen Camehl, CPA, MBA

Format

Course - Online

Duration

1.5 hours

In this course you will learn about liabilities, such as commitments, contingencies, guarantees, and debt. Also, the course reviews U.S. GAAP accounting for leases under both the currently-effective standard and the new standard.

Learning outcomes

Differentiate between deferred liabilities and contingent liabilities
Identify the requirements of recording a contingent liability
Recall the differences between operating and capital leases
Recognise what is meant by a short-term lease
Identify the transition method and effective date of the new lease accounting standards

£39.00 (CIMA members only)

£49.00

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Product information

Overview

In this course you will learn about liabilities, such as commitments, contingencies, guarantees, and debt. Also, the course reviews U.S. GAAP accounting for leases under both guidance currently effective as well as the pending lease standard that will be effective in a few years.

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

Liabilities: commitments, contingencies, guarantees, and debt
Leases
Pending lease standard

Who should take this course?

Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals.