Accounting for Current and Long Term Liabilities
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Course Description:
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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
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Learning Objectives:
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Upon successful completion of this course, participants 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 |
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