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Courses/Accounting & Tax/Accounting

Accounting for Current and Long-Term Liabilities

Master the accounting principles and practices for managing both short-term and long-term financial obligations, gaining the skills to ensure financial stability and success.

Created byLambers Inc.workspace_premium
5.0
(3 reviews)
IntermediateUpdated Apr 9, 2025
Accounting for Current and Long-Term Liabilities

What You'll Learn

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

About This Course

Gain a comprehensive understanding of accounting for liabilities, a crucial element of financial reporting. This course delves into the intricacies of classifying and characterizing liabilities, focusing on both current and long-term obligations. You will master the art of recognizing and recording current liabilities, from accounts payable to accrued expenses, while exploring the nuances of long-term liabilities, including bonds and lease obligations. Learn about issuance, retirement, and reporting practices for long-term debt, equipping yourself with the knowledge to analyze and interpret financial statements with confidence.

  • Chapter 1: Understanding Liabilities: Classification and Characteristics
  • Chapter 2: Accounting for Current Liabilities: Recognizing and Recording
  • Chapter 3: Long-Term Liabilities: Issuance, Retirement, and Reporting

Your Instructor

Lambers Inc.
Lambers Inc.
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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Credit Information

What Students Are Saying

5.0
Student's Choice
3 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.